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Chief appraiser gives witness preparation advice
Posted Date: Wednesday, August 7, 2019
Valuation Review talked with Steven R. Smith, founder and CEO of Smith Realty Advisors, about how appraisers should prepare to become an expert witness when taking the stand in court.
Smith discussed everything from legal terms appraisers should be familiar with to handling a lawyer’s cross examination.
Read on to learn more.
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AI condemns NCUA’s action, calls for congressional oversight
Posted Date: Wednesday, August 7, 2019
Appraisal Institute (AI) President Stephen S. Wagner expressed his concern over the National Credit Union Administration’s (NCUA) recent decision to raise to $1 million the threshold required for commercial real estate loans to have an appraisal.
Valuation Review spoke with Wagner in more detail about this decision during AI’s recent conference in Denver.
Read on to find out what he told us.
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ASB considering creating standards for evaluations
Posted Date: Wednesday, August 7, 2019
The Appraisal Standards Board (ASB), an independent board of The Appraisal Foundation (TAF) recently made an announcement.
The ASB intends to examine the concept of creating standards for evaluations.
Read on to learn more.
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Cleveland Fed economist gives market updates, trends
Posted Date: Wednesday, July 24, 2019
At the 2019 American Society of Appraisers’ Equipment Valuation Conference in Cleveland, economist Mekael Teshome, vice president and senior regional officer (Pittsburgh office) of the Federal Reserve Bank of Cleveland, addressed the attendees
Teshome spoke on matters ranging from market productivity growth, inflation and the availability of jobs affecting the unemployment rate.
Read on to find out more of what he told the audience in Cleveland.
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TAF president ‘concerned’ about NCUA threshold decision
Posted Date: Monday, July 22, 2019
The Appraisal Foundation (TAF) President David Bunton on Friday raised concerns about the action taken by the National Credit Union Administration (NCUA).
The NCUA quadrupled the threshold for commercial transactions requiring an appraisal from $250,000 to $1 million, according to a press release from TAF.
Read on to learn more.
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CUNA backs appraisal, diversity bills prior to markup
Posted Date: Wednesday, July 31, 2019
The Credit Union National Association supported two bills marked up by the House Financial Services Committee.
They are the Homebuyer Assistance Act of 2019 (H.R. 2852) and the Ensuring Diverse Leadership Act of 2019 (H.R. 281).
Read on to learn more details.
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ASA enters into agreement with API
Posted Date: Wednesday, July 31, 2019
The American Society of Appraisers (ASA) has entered into a Memorandum of Understanding with the Australian Property Institute, ASA announced on its website. Read on to learn more.
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Valbridge Property Advisors welcomes new leadership to Florida
Posted Date: Monday, July 22, 2019
Valbridge Property Advisors welcomed the addition of Scott Tew, Ryan Zink, and James Toro from Capstone Valuation Advisors to their Valbridge/Florida offices in Orlando, Tampa, Jacksonville and Tallahassee. Read on to learn more about these appointments.
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ARMCO expands team
Posted Date: Monday, July 22, 2019
ACES Risk Management has hired industry veteran Mike Ehring as senior director of business development, the company announced in a release. Read on to learn more.
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Federal court halts FTC case against LREAB
Posted Date: Wednesday, July 31, 2019
A district court in Louisiana has granted a motion to stay by the Louisiana Real Estate Appraisers Board (LREAB) in the administrative case brought against it by the Federal Trade Commission.
Judge Brian Jackson ruled that all pending activity in the case must be stayed under further order of the district court, a significant win for LREAB after the Fifth Circuit Court of Appeals ruled against it earlier this year.
Read on for details of the ruling.
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Appraiser wins privacy lawsuit against AMC
Posted Date: Monday, July 15, 2019
A judge in the U.S. District Court for the state of Maryland has ruled in favor of a Georgia appraiser.
The appraiser filed an invasion of privacy lawsuit against Coester VMS.
Read on to find out the details surrounding this case.
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Veros predicts steady real estate appreciation
Posted Date: Wednesday, July 31, 2019
According to the latest VeroFORECAST report from Veros Real Estate Solutions, the average projected appreciation rate for residential real estate will be more than 3.7 percent in the next 12 months. Read more from this report.
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Company strengthens technology, digital mortgage package
Posted Date: Wednesday, August 21, 2019
OpenClose welcomed Allen Pollack, a seasoned industry veteran who has been instrumental in the digital shift and transformation of the industry, to join the company in the newly created position of vice president of product innovation. Read on to learn more.
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Education, one of many guiding forces within AI-Part II
Posted Date: Monday, August 19, 2019
Valuation Review continues its conversation with Appraisal Institute (AI) President Stephen S. Wagner from the 2019 AI conference in Denver.
Wagner outlined the versatile paths appraisers can travel upon to bolster their careers in valuation.
Read Part II of this conference feature.
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More independent tips for appraisers-Part II
Posted Date: Monday, August 19, 2019
Valuation Review concludes its story featuring Allterra Group’s Karen Connolly, Vice President of Operations, for tips to help appraisers running their own business.
In Part II, Connolly begins with ways appraisers can make better use of their time.
Read on for the conclusion.
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AI forms affinity partnership with Anow
Posted Date: Monday, August 19, 2019
Anow has formed an affinity partnership with the Appraisal Institute (AI). The partnership makes Anow’s core appraisal office management platform available to AI members and affiliates at a reduced rate. Read on to learn more.
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Analysis shows nearly 20,000 new homes built in risky areas
Posted Date: Monday, August 19, 2019
As America’s coastal communities continue to build homes in flood-risk zones, a new analysis by Climate Central and Zillow shows that nearly 20,000 homes built in the past decade are at significant risk of chronic coastal flooding by 2050. Read on to learn more from this report.
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AI keynote: ‘Look for the good in others’-Part II
Posted Date: Wednesday, August 14, 2019
Valuation Review continues to bring you the story of the faith and courage of Allison Massari.
The 2019 Appraisal Institute conference’s keynote speaker shares more of her powerful message delivered to conference attendees in Denver.
Read Part II for the conclusion of this remarkable journey.
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TAF applauds court ruling on primacy of personal property
Posted Date: Wednesday, August 14, 2019
The Appraisal Foundation (TAF) applauded the recent Ninth Circuit Court of Appeals ruling that agreed with a U.S. Tax Court opinion which found an appraisal from an esteemed auction house is not adequate assurance of appraisal expertise or competency, TAF announced in a press release. Read on to learn more.
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Zillow report shows rent growth rising
Posted Date: Wednesday, August 14, 2019
U.S. rent values continued their growth streak, accelerating for the ninth straight month, according to the June Zillow Real Estate Market Report. Read on to learn more.
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Computershare technology rated well
Posted Date: Wednesday, August 14, 2019
Global ratings agency S&P reaffirmed the above average rankings of Computershare Loan Service’s Specialized Loan Servicing business as a residential mortgage primary, special, subprime and subordinate-lien loan servicer. Read on to learn more.
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AI keynote speaker’s story inspires
Posted Date: Monday, August 12, 2019
At the 2019 Appraisal Institute conference in Denver, keynote speaker Allison Massari delivered a powerful message that more than defines courage and perseverance.
Her message captured the attention of every audience member.
Read on to find out what she told conference attendees.
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More expert witness testimony advice-Part II
Posted Date: Monday, August 12, 2019
Valuation Review continues its talk with Steven R. Smith, founder and CEO of Smith Realty Advisors, about how appraisers should prepare to become an expert witness when taking the stand in court.
In Part II, Smith discusses some particular theories for appraisers giving testimony.
Read on for the conclusion of this story.
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More industry reaction on NCUA ruling-Part II
Posted Date: Monday, August 12, 2019
Valuation Review continues to examine the recent National Credit Union Administration’s (NCUA) action to raise to $1 million the threshold required for commercial real estate loans to have an appraisal.
There was plenty of concern expressed by appraisal organization officials as to what the NCUA’s decision could do to the profession.
Read Part II for the conclusion.
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Appraisal Logistics hires industry veteran
Posted Date: Monday, August 12, 2019
Appraisal Logistics Solutions, LLC hired Mark Tague as vice president of sales, with responsibility for both the company’s appraisal management services and its AIMPort appraisal management software. Read on to learn more.
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FHA updates Single Family Housing Policy Handbook
Posted Date: Monday, August 12, 2019
On July 10, the Federal Housing Administration published an update to the Single Family Housing Policy Handbook, or Handbook 4000.1, that included policy guidance, clarifications, corrections and additions. Read on to learn more.
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Pavaso facilitates online notarization in Tennessee
Posted Date: Monday, August 12, 2019
Pavaso has facilitated what it called the first remote online notarization (RON) eClosing in Tennessee to be completed by a Tennessee eNotary. The transaction follows the July 1, 2019, effective date of a state law that permits RON. Read on to learn more.
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AMCs safe in DC, for now
Posted Date: Wednesday, August 7, 2019
It appears that appraisal management companies will be doing business as usual in our nation’s capital, now that Washington D.C. has taken emergency measures to avoid missing an important deadline.
Valuation Review reached out to Appraisal Logistics President and CEO Frank Danna, who shared with us some thoughts on this matter.
Read on to find out what he told us.
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Freddie: July Forecast shows home sales recovery
Posted Date: Wednesday, August 7, 2019
According to Freddie Mac’s July Forecast, an overall increase in home sales for the remainder of the year will be dampened by the ongoing shortage of homes for sale and rising house prices. Read on to learn more from this report.
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Anow Enterprise lets lenders, appraisal firms tap into network
Posted Date: Wednesday, August 7, 2019
Anow revealed the release of Anow Enterprise, a cloud software suite that connects individual appraisal companies to form service networks that can efficiently provide localized service at scale. Read on to learn more.
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HUD awards $4.8 million to help low-income veterans
Posted Date: Wednesday, August 7, 2019
The U.S. Department of Housing and Urban Development and the U.S. Department of Veterans Affairs recently announced $4.8 million from the Veterans Housing Rehabilitation and Modification Pilot Program was granted to assist disabled veterans with modifying or rehabilitating their homes, making them more accessible. Read on to learn more.
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BREAKING: ASB considering creating standards for evaluations
Posted Date: Thursday, August 1, 2019
The Appraisal Standards Board (ASB), an independent board of The Appraisal Foundation (TAF), announced that it intends to examine the concept of creating standards for evaluations. Read on to learn more.
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Younger workers find flexible office space desirable
Posted Date: Wednesday, July 31, 2019
Demand for co-working spaces is expected to show continued strong growth over the next few years.
The indicators are showing more younger workers favor flexible office space over traditional office settings, according to a commercial real estate company.
Read on to learn more.
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Ellie Mae: 30-year note rate continues to decline
Posted Date: Wednesday, July 31, 2019
According to the June Origination Insight Report from Ellie Mae, the 30-year note rate dropped for the sixth straight month to 4.40 percent, down from 4.52 percent in May. Read on to learn more from this report.
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FHA announces more training sessions
Posted Date: Wednesday, July 31, 2019
The Federal Housing Administration (FHA) will conduct free appraisal training sessions in Atlanta on Aug. 12 and 15, and Fort Worth on Aug. 14. These training sessions are intended primarily for appraisers and underwriters; however, other industry professionals may also benefit from attending. Read on for more information and find out how to register.
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Trends consumers can look for as market evolves-Part II
Posted Date: Monday, July 29, 2019
Valuation Review continues its conversation with Mekael Teshome, vice president and senior regional officer (Pittsburgh office) of the Federal Reserve Bank of Cleveland.
In Part II, Teshome, who addressed attendees at the 2019 American Society of Appraisers’ Equipment Valuation conference in Cleveland, presents more information about market trends, the condition of the economy, and what the market (jobs) could look like in the next few years.
Read on for the conclusion of this story.
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‘Valuation can be a demanding practice area,’ company exec says-Part II
Posted Date: Monday, July 29, 2019
Valuation Review continues its talk with Ron DiMattia, of Corporate Value Partners, Inc., about the world of business valuations.
DiMattia goes into more depth about what goes into being sound valuation analysts, and what appraisers should know about business valuations.
Read on for the conclusion.
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Appraisal legislation would separate AMC, appraisal fee
Posted Date: Monday, July 29, 2019
If enacted, the recently introduced Appraisal Reform Act of 2019 would amend the TILA/RESPA Integrated Disclosure (TRID) to require the disclosure of the appraisal management fee separate from the appraisal fee on the Loan Estimate and Closing Disclosure. Read on to learn more.
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Best, worst locations for first-time homebuyers released
Posted Date: Monday, July 29, 2019
With July being one of the top months for home sales and nearly 40 percent of 2018’s single-family home purchases made by first-time buyers, the personal-finance website WalletHub released its report on 2019’s best and worst cities for these first-time buyers. Read on to find out what residency made the list.
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Appraisal Institute announces award winners
Posted Date: Wednesday, July 24, 2019
With Valuation Review in attendance, the Appraisal Institute (AI) honored selected individuals with national awards at its 2019 AI “Climbing Even Higher” conference during a special luncheon this week in Denver.
Two individuals were announced as winners of the annual President’s Award, while a San Diego appraiser earned the Lifetime Achievement Award.
Read on to find out who was so honored this year by AI.
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Market knowledge makes the appraisal a smoother transaction, vet says-Part II
Posted Date: Wednesday, July 24, 2019
In Part II of this feature, Valuation Review features more insight from Rachel Massey, of Massey & Associates Valuation Services, LLC.
Massey reveals more guidance for appraisers concerning their markets and how better awareness of those markets will result in higher levels of success.
Read on to find out more.
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Report: Owner perceptions of home values improves again
Posted Date: Wednesday, July 24, 2019
What did the June home appraisal numbers reflect?
The average home appraisal in June was lower than owners’ estimates as spring homebuying gives way to summer, according to the Quicken Loans’ National Home Price Perceptions Index.
Read on to learn more.
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Class Valuation brings chief data scientist on board
Posted Date: Wednesday, July 24, 2019
Class Valuation welcomes a new chief data scientist who will be focused on leveraging the company’s technology suite to bolster its collateral risk analysis platform. Read on to learn more.
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Innovative Valuation Service redefines residential appraisals
Posted Date: Wednesday, July 24, 2019
Equity Valuation Partners launched a first-of-its-kind service that merges fresh technology with proven appraisal expertise to produce a faster, more accurate and less expensive property evaluation. Read on to learn more.
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Social media marketing, brand marketing points shared-Part II
Posted Date: Monday, July 22, 2019
Valuation Review continues the conversation with digital marketing strategist Brian Ferritto, who shared many tips with the audience at the 2019 American Society of Appraisers Equipment Valuation Conference in Cleveland.
In Part II, Ferritto talks about specific social media and brand marketing tips to help appraisers draw more traffic to their businesses.
Read on for the conclusion.
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Financial consultant examines business valuations
Posted Date: Monday, July 22, 2019
Valuation Review talked to Ron DiMattia, of Corporate Value Partners, Inc., about the world of business valuations.
The differences between valuation analysts and appraisers were outlined.
Read on to find out more of what DiMattia told us.
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TAF president ‘concerned’ about NCUA threshold decision
Posted Date: Friday, July 19, 2019
The Appraisal Foundation (TAF) President David Bunton on Friday raised concerns about the action taken by the National Credit Union Administration (NCUA).
The NCUA quadrupled the threshold for commercial transactions requiring an appraisal from $250,000 to $1 million, according to a press release from TAF.
Read on to learn more.
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