News By Edition

A CoreLogic Home Price Index report for May showed continued increases in home prices, which makes it more critical for appraisers to be aware that correct determinations in value is as crucial as ever.

Valuation Review spoke with a panel of experts who addressed these concerns.

Read Part I of this feature story to find out what we were told.

If there is a hotter topic in the appraisal profession than bifurcated/hybrid appraisals, such a subject matter may be very difficult to find.

Everybody is seemingly talking about, and certainly rendering their opinions as to the legitimacy of this approach.

Valuation Review reached out to veteran author and appraiser Richard Hagar, who made his position quite clear.

Valuation Review spoke with Franklin Group counsel Craig Capilla, who shared his thoughts on the importance of getting along within the appraisal world because as he put it “we’re all in this together.”

Based on our annual special report Voice of the Appraiser, there seems to be no change as to the sentiments expressed by appraisers in relationship to working with AMCs.

Capilla offers some insight to this.

The Appraiser Qualifications Board of The Appraisal Foundation (TAF) released its first Exposure Draft concerning the Practical Applications of Real Estate Appraisal (PAREA).

TAF hosted a webinar outlining what PAREA is, and is not. Valuation Review attended this webinar and later caught up with Brenan.

Read on to find out what Brenan told us.

Class Valuation has promoted John Fraas to CEO to lead the company’s continued growth through world-class customer service and industry-leading innovation. Read on to learn more.

The American Society of Appraisers (ASA) has launched a new ally membership for state certified real property appraisers, ASA announced on its website. Read on to learn more.

The American Society of Appraisers (ASA) believes that the Ninth Circuit decision affirming the Tax Court ruling in Kollsman v. Commissioner is correct both as a matter of law and of sound public policy. Read on to learn more and hear from the ASA president on this matter.

Robust demand for space in the industrial market is expected to continue.

The demand also figures to bolster the commercial real estate sector over the next few years, according to BBG, a leading national due diligence firm.

Read on to learn more.

CoreLogic released its latest Home Price Index report, showing that home prices continued their annual and month-over-month increases in July. Read on for details of the latest data, including CoreLogic’s forecast for home prices in the next 12 months.

According to the August Origination Insight Report from Ellie Mae, the 30-year note rate dropped for the eighth consecutive month to 4.07 percent, down from 4.18 percent in July. Read on to learn more numbers from this monthly report. 

Tractable is forming partnerships to bring artificial intelligence photo appraisal to the North America auto collision ecosystem, following requests from North American insurers. Read on to learn more.

Blockchain has also burst onto the appraisal scene with just as much of an impact as artificial intelligence (AI) and automated valuation models (AVMs), according to one industry veteran.

Still a relatively new concept to the valuation profession, the Blockchain technology will very much be a significant part of the appraiser’s future. Valuation Review presents Part II of its feature with ValueScape veteran appraiser and Chief Executive Officer Mark Linne.

Read on for more information.

Fannie Mae has awarded Computershare Loan Services “STAR Performer” status for general servicing, the company announced. Read on to learn more.

Freddie Mac successfully launched its new MicroStrategy 2019 technology tool, which provides advanced lending insight and comparison data exclusively to loan originators who sell their loans to Freddie Mac. Read on to learn more.

Valuation Review concludes the conversation with a panel of experts, who finish their thoughts on the bifurcated/hybrid appraisal process.

That which has been around for a significant amount of time, will be an even bigger part of the profession’s future, they said.

Read on for the conclusion of this story.

According to BBG Healthcare Senior Managing Director Jack Bass, healthcare and retail sectors may be able to provide a breath of fresh air to what is becoming a stagnant environment regarding American malls and vacant storefronts.

BBG contacted Valuation Review to share a few of Bass’ theories on where these commercial opportunities lie.

Read on to find out what he told us.

According to Freddie Mac’s September Forecast, mortgage originations will reach $2.1 trillion in 2019, driven by a surge of homeowners refinancing into a lower mortgage rate along with strong homebuyer demand. Read on for more details from this monthly report. 

Lender Price has added American Financial Resources Inc. loan products to their pricing engine library. This collaboration expands Lender Price’s ability to engage with mortgage originators. Read on to learn more about this partnership.

Valuation Review continues its conversation with Franklin Group counsel Craig Capilla, who shared more thoughts dealing with appraisal industry unity, and who can bear the blame regarding litigation matters.

The need to supply data for professional survival was also discussed.

Read on for the conclusion.

In Part II, Valuation Review concludes its conversation with a panel of experts who give more insight on the topic of bifurcated (hybrid) appraisals.

What will this method of determining property value mean for the future of appraising?

Read the conclusion.

The International Association of Assessing Officers and the Royal Institution of Chartered Surveyors agreed to work together to simplify and reduce fragmentation in the property tax and assessment industry. Read on to learn more. 

Morningstar Credit Ratings once again has awarded ServiceLink Valuations Solutions an MOR RV1 ranking, the highest ranking available for a residential vendor in the asset valuation market. Read on to learn more.

NewDay USA was approved as a Ginnie Mae Servicer Seller for Veteran’s Administration loan production. Currently, NewDay is approved to issue Ginnie Mae I and II securities for FHA multi-issuer securities. Read on to learn more.