|
NY appraiser sues state for $10M
Posted Date: Monday, March 23, 2015
A New York property appraiser is fighting back to the tune of $10 million against the state that he claims ruined his reputation and destroyed his business. Keep reading to see the details behind the case that took a New York appraisal institution from 30 employees down to one, and what that appraiser is doing to get his livelihood back.
|
|
|
Rules for readdressing a report to another party
Posted Date: Wednesday, March 11, 2015
In an effort to help promote USPAP and dispel common myths about the appraisal profession, Valuation Review has partnered with experts from The Appraisal Foundation to answer your on-the-job questions about appraisal best practices. In this incarnation of Appraisal Q&A, the foundation lays out the rules for readdressing a report to another party after an assignment has been completed and the report has been delivered.
|
|
|
The use of drones in appraisals
Posted Date: Wednesday, March 18, 2015
Could drones be the next big thing in appraising? According to a new article, they already have become a viable option for some appraisers looking for hard-to-get, aerial and 360-degree views of the properties they appraise. There is just one problem, though — using drones for commercial purposes isn’t exactly legal at the moment. Keep reading to see who is benefiting from the new technology, and when it might be made legal.
|
|
|
AMC gets license to operate in Virginia
Posted Date: Monday, March 23, 2015
A national appraisal management company announced March 18 that it has become one of the first licensed AMCs authorized to operate in the state of Virginia. The decision was made by the Virginia Real Estate Appraiser Board. Keep reading to see which AMC will be operating in the Old Dominion State.
|
|
|
Appraisal company launched to serve agricultural sector
Posted Date: Wednesday, March 11, 2015
Farmer Mac and Conterra Asset Management announced the recent launch of their joint venture — an appraisal company that will provide fee appraisal services to agricultural lenders and landowners throughout the United States. Keep reading to see the company details.
|
|
|
Appraisal Institute issues new report on background checks
Posted Date: Wednesday, March 18, 2015
The Appraisal Institute announced March 11 that it has analyzed and compiled all state licensing and certification statutes and regulations pertaining to background checks for applicants seeking appraiser credentials and published them in a special report. Keep reading to see what’s in the report.
|
|
|
Company teams up with E&O provider to lessen background check burden
Posted Date: Wednesday, March 18, 2015
A provider of third-party risk-management platforms for the mortgage industry announced that it has formed a relationship with an E&O provider to offer its background screening services to appraisers at a discount. Read on for the details.
|
|
|
Appraisal Institute talks cost-to-value ratio
Posted Date: Wednesday, March 11, 2015
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, advised homeowners to choose upgrades instead of major remodeling projects to see the greatest potential return on investment. Keep reading to see which upgrades offer the best value.
|
|
|
|
Appraisers’ opinions of value fall below homeowners’ estimates
Posted Date: Monday, March 16, 2015
Quicken Loans, the nation’s second-largest retail mortgage lender, reported March 10 that appraisers’ opinions of value fell below homeowners’ estimates of value for the first time since August 2013. Keep reading to see what the drop is attributed to.
|
|
|
Fannie lenders speak out about their activity, expectations
Posted Date: Monday, March 23, 2015
Fannie Mae released its first quarter 2015 Mortgage Lender Sentiment Survey. The survey reveals an improving outlook among mortgage lenders regarding their lending activities and market expectations. Keep reading for the details.
|
|
|
Appraisal district employees indicted for bonus scam
Posted Date: Wednesday, March 18, 2015
A chief appraiser of a Texas appraisal district and two fellow employees were indicted by the District Attorney’s Office on March 16 for their roles in scamming the county out of hundreds of thousands of dollars in unwarranted bonuses while in office. Keep reading to see what led to the trio getting caught.
|
|
|
|
|
The importance of Big Data in appraising
Posted Date: Monday, March 16, 2015
Access to data is the most important currency of the Information Age. As information becomes more easily accessible through more channels, property appraisers are especially well-positioned to capitalize on the emergence of sophisticated analytics. Keep reading to see what one industry expert had to say about why Big Data is important for appraisers, and how you can utilize it to better your business.
|
|
|
Act seeks to end Fannie, Freddie to reform housing market
Posted Date: Monday, March 23, 2015
A newly introduced act placed before Congress seeks to spell the end of Fannie Mae and Freddie Mac. The act would strengthen the American housing market, according to its authors. Keep reading for the details.
|
|
|
AMC upgrades appraisal delivery system
Posted Date: Monday, March 23, 2015
A Michigan-based nationwide appraisal management company announced it has upgraded its appraisal delivery system. The upgrade involves a new software integration. Keep reading for the details.
|
|
|
Nine issues the appraisal industry needs to address
Posted Date: Monday, March 16, 2015
A group of six appraisal organizations have come together over the past year to both diagnose problems with the appraisal industry and offer potential solutions. Keep reading to see the nine things the organizations think need to change and why.
|
|
|
Bill mandating green features introduced
Posted Date: Monday, March 16, 2015
Reps. Marsha Blackburn, R-Tenn., and Kurt Schrader, D-Ore., introduced bipartisan legislation to Congress on March 4 that would foster the development of energy efficiency baselines for buildings while ensuring homebuilders and homeowners are not burdened by unreasonable regulations.
|
|
|
Valuation provider’s upgraded portal to improve appraisal process
Posted Date: Monday, March 16, 2015
A national provider of residential and commercial valuations announced an upgraded portal designed for better quality appraisals. The portal now includes a “revision needed” status to flag any rejected appraisals for additional screening that may not otherwise meet industry standards or Fannie Mae’s Collateral Underwriter.
|
|
|
Texas board rules on appraiser’s report violations
Posted Date: Wednesday, March 11, 2015
The Texas Appraiser Licensing and Certification Board held a meeting Feb. 20 where the board entered an “Agreed Final Order” in the matter of an investigation into whether two appraisals from 2011 and 2012 violated USPAP provisions. Keep reading to hear about the case details.
|
|
|
Fannie report to help lenders better assess CU feedback
Posted Date: Wednesday, March 11, 2015
Fannie Mae announced March 10 that it will be updating its Appraisal Findings Report to include Collateral Underwriter feedback to Fannie Sellers and Servicers beginning in April. This information will be offered to lenders in conjunction with Fannie’s submission-level data to help give a broader overview of CU trends. Keep reading for the details.
|
|
|