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ASA, Habitat for Humanity joining forces towards donated appraisals
Posted Date: Monday, October 19, 2015
The American Society of Appraisers (ASA), in conjunction with Habitat for Humanity, has sent a joint letter to Congress in support of the recently introduced House and Senate legislation pertaining to donated appraisals. Read on to learn more about this effort by both organizations, and what specifics are outlined so the donation is compliant under Dodd-Frank guidelines.
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ACI, ExaTech platforms integrate
Posted Date: Monday, September 7, 2015
ACI announced that ExaTech, a Pittsburgh-based technology company, is in production with ACI Sky Delivery, an appraisal delivery portal that reduces revision requests, minimizes overrides, and improves the overall appraisal delivery and review process for lenders, appraisers and appraisal management companies. What does this advanced technology mean for the appraisal industry? Read on for more information.
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Whitepaper features best practices for AMCs
Posted Date: Monday, September 7, 2015
In an attempt to manage regulatory compliance for appraisals, a national appraisal management company has engineered a system enabling various institutions a more detailed process regarding valuations. Valuation Review reached out to the CEO to outline what requirements AMCs need to follow. How can AMCs meet all of the necessary federal, state and investor requirements? Read on to learn more.
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APB seeks comments on exposure draft
Posted Date: Monday, September 7, 2015
The Appraisal Practices Board (APB), officially formed by the Appraisal Foundation is seeking public comments in response to the exposure draft on The Measurement and Application of Market Participant Acquisition Premiums. Read on to find out how you can register your comments to the APB.
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Residential real estate appraisers part of LandSafe settlement
Posted Date: Monday, August 31, 2015
Bryan Schwartz Law announced a settlement with Bank of America for $36 million for failure to pay overtime. The settlement covers 365 plaintiffs who served as residential real estate appraisers. Read on for additional information about this case.
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MBA study projects a decade of housing growth
Posted Date: Monday, August 31, 2015
The Mortgage Bankers Association (MBA) is expecting a significant increase in the number of additional households by the year 2024. What do these housing demands mean for the appraisal industry? Read on for additional information.
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Improved managing services coming for real estate appraisers
Posted Date: Monday, August 31, 2015
Accurate Group, a leading provider of real estate appraisal, title and compliance services, announced plans to expand its nationwide appraiser network. What will this expansion mean for appraisers and the industry growth? Read on for more details.
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Speaker’s tips help appraisers gain clients, make money
Posted Date: Monday, August 31, 2015
Joel Baker, a residential appraiser specializing in software for website non-lender marketing, and a representative of a la mode software, helps residential appraisers establish effective marketing skills that can lead to success. What specific insights did Baker present at the AI Connect conference in Dallas? And what exactly is a “pain point?” Read on for more details of the presentation.
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Texas appraisal district board approves 2016 budget
Posted Date: Monday, August 31, 2015
The five member Board of Directors for the McLennan County Appraisal District in Texas approved a 2016 budget that is nearly 13 percent less than what the district is spending this year. How did the appraisal district board manage to cut its spending? Read on for more information.
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Texas company files 2nd lawsuit over Indiana appraisals
Posted Date: Wednesday, August 26, 2015
A Texas company has filed its second lawsuit in a week against Indiana appraisers, claiming they purposely overvalued a house. The second lawsuit is stemming from a claim of overvaluation of a home located in Hammond, Ind. Read on for additional details regarding this particular lawsuit.
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Texas office reacts to suit calling appraisal system unconstitutional
Posted Date: Wednesday, August 26, 2015
The city of Austin filed a lawsuit saying that Texas’ property appraisal system is unconstitutional, and the Texas Comptroller’s office, one of the defendants listed in the case, responded to Valuation Review. What brought on this lawsuit? Read on for more details about this case.
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Appraiser Qualifications Board to hold hearing in Washington
Posted Date: Wednesday, August 26, 2015
The Appraiser Qualifications Board (AQB) will hold a public hearing in Washington on Oct. 16. What will be covered in this hearing and how will it affect the industry? Read on for more information and how to register for this event.
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Alternate standards could remove ‘handcuffs’ from appraisers
Posted Date: Wednesday, August 26, 2015
In 2015, some states have considered legislation to allow state-licensed and state-certified appraisers to use recognized valuation standards that are determined to be as effective as the Uniform Standards of Professional Appraisal Practice (USPAP) when performing appraisal services for non-federally related transactions. What alternatives to USPAP is the Appraisal Institute recommending? Will these help appraiser meet the needs of clients? Read on to find the answers to these questions and what panel members had to say from the 2015 AI Connect conference in Dallas.
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Appraisal Foundation names new board members
Posted Date: Wednesday, August 26, 2015
The Appraisal Foundation welcomed new members to the Board of Trustees and the Appraisal Practices Board. Read on to learn more about the new members and others receiving appointments.
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Ellie Mae gets help from friends, clients
Posted Date: Wednesday, August 26, 2015
Ellie Mae has launched a new tool called the Ellie Mae Idea Center. What will this new technology bring to the industry, and how does it make things easier? Read on for additional information about the center.
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Valuation service helps HMPL compliance
Posted Date: Monday, August 24, 2015
An appraisal company focused on manufactured homes has released a new tool designed to help compliance with new appraisal rules for higher-priced mortgage loans. Read on to find out more about the service and how it can keep appraisers in compliance.
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FHA delays EAD registration start
Posted Date: Monday, August 24, 2015
The Federal Housing Administration (FHA) announced it was delaying registration for its Electronic Appraisal Delivery. Registration was scheduled to begin Aug. 17. Read on to find out when registration is expected to reopen.
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Collateral Underwriter helping push technology forward for appraisers
Posted Date: Monday, August 24, 2015
The implementation of Collateral Underwriter has tested industry relationships throughout the appraisal process. At the Appraisal Institute Connect conference in Dallas, U.S. Real Estate Services Chief Appraiser Brad Froelich and Valuation Services Platinum Data Solutions Senior Vice President Bill King discussed how the appraisal industry’s review tools will affect the relationship between appraisers, AMCs and data providers. Read on to find out what Froelich and King had to say.
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Judge tells appraiser ‘go straight to jail’
Posted Date: Monday, August 24, 2015
A Pennsylvania appraiser convicted in two mortgage fraud schemes filed an emergency motion to keep from reporting to federal prison because “he’s afraid of a witness against him who is jailed there.” What were the details of this motion, and why is this appraiser afraid of a jailed witness? Read on for more details.
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Are appraisal fees too low today?
Posted Date: Monday, August 24, 2015
A common question asked by both mortgage lenders and homebuyers is: Why are appraisal fees so high? The president of one AMC, however, wants everyone to think of appraisal fees as being too low. What are his reasons and theories behind that? Read on for the answers to these important appraiser fee questions.
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