News By Edition

At the 2020 Appraisal Summit, Class Valuations’ Julie Jones, senior vice president of appraiser outreach and engagement, and William Fall, CEO of the William Fall Group, examined how the pandemic has changed the appraisal profession drastically and what appraisers can do to remain relevant.

The panelists examined this from the AMC standpoint providing methods to keep appraisers focused now, and in the days to come.

Read on to learn more.

Thanksgiving is truly a special time of the year for family and friends to gather in appreciation of the many gifts received. There is no question that the challenges presented to everyone in 2020 by way of the COVID-19 coronavirus proved to be very difficult obstacles to overcome.

Still, Valuation Review found that many in the appraisal profession remain optimistic, and “thankful” for what they do have, while refusing to dwell on what was lost from a business standpoint.

Read on to hear the sentiments of industry veterans during this holiday season.

Recently, Stewart Appraisals Management, Inc., a subsidiary of Stewart Information Services Corp. acquired Pro-Teck Services Ltd. (Pro Teck Valuation Intelligence).

Valuation Review spoke with Pro Teck Valuation Intelligence CEO Tom O’Grady about selected technological advances assisting appraisers during these difficult times, as well as what his business has done to ensure health and safety for appraisers.

Read on for more of our conversation.

Globalview Advisors’ Raymond Rath, a veteran appraiser, discussed important steps in performing an appraisal review with those virtually attending the 2020 American Society of Appraisers International conference.

Valuation Review sat in on this session to highlight Rath’s key points appraisers should know when it comes to reviews.

Read on to learn what we were told.

American Society of Appraisers (ASA) CEO Johnnie White, along with a panel of industry veterans, addressed the impact COVID-19 has had on the appraisal profession, and where they believe things can go moving forward.

This ASA International conference keynote presentation, “Convergence of the Disciplines: Appraising in the New Normal” proved very revealing.

Read on to find out what conference attendees heard.

How can appraisers prepare for court appearances?

Valuation Review gets more legal insight for appraisers on the witness stand. Franklin Law Group attorney Craig Capilla shares his thoughts about what appraisers should keep in mind when being called as a witness.

Read on for more helpful tips.

Christopher and Brittany Perry own CMP Appraisals in Virginia.

Valuation Review caught up with the couple to discuss the advantages of working together in the business, as well as how they meet challenges head on to keep their business moving forward.

Read on to learn more.

The Appraisal Standards Board (ASB) of The Appraisal Foundation (TAF) recently conducted a webinar to discuss the ASB’s Third Exposure draft of proposed changes for the 2022-23 edition of USPAP.

Wayne Miller, chair of the ASB, discussed and clarified many of the proposals to the draft.

Read on to learn about some of the proposed changes and find out how you can submit your comments to the ASB and TAF.

A historic inventory crisis is driving home prices to new highs but understanding why would-be sellers are sitting on the sideline had been guesswork.

But a new Zillow survey is shedding light on how the pandemic is influencing homeowners who are considering selling in the next three years, and the reasons why they're staying put.

Read on to learn more.

CoreLogic’s launch of PropertyAssist has helped appraisers across the U.S. conduct digital inspections and operate remotely amid these unprecedented times,  resulting in an estimated $3.5 billion in properties appraised using the tool to date this year, CoreLogic announced in a company release. Read on to learn more.

CoreLogic announced more updates pertaining to the attempt to remove members of its board.

CoreLogic, based on a preliminary vote count by its proxy solicitor, shareholders voted not to replace nine of the company’s 12 current directors, the company announced in a press release.

Read on to learn more.

Pending home sales experienced a minor decline in September after four consecutive months of contract activity growth.

This is according to the National Association of Realtors (NAR).

Read on to learn more from the NAR report.

The Federal Housing Administration (FHA) published a proposed rule on its website that highlights a proposal to allow a private flood insurance option instead of insurance through the National Flood Insurance Program, when flood insurance is required by FHA. Read on to learn more.

Fannie Mae recently announced updates for appraisers regarding its Lender Letter (LL-2020-04) for all Fannie Mae Single-Family Sellers and the impact of COVID-19 appraisals. Read on for the latest.

A new report from ATTOM Data Solutions found 16.7 million residential properties in the United States were considered equity-rich during the third quarter. Read on to learn more from this report.

Business Center for New Americans (BCNA), a New York City CDFI and Small Business Administration-certified Micro and Community Advantage lender, rebranded as Accompany Capital, according to a press release. Read on to learn more.

Lincoln International’s Valuations & Opinions Group is experiencing rapid growth including a more than 40 percent increase in assignments year-over-year and the increase of its team to over 70 dedicated professionals. Read on to find out how the company enhanced its valuation brand with the hiring of two industry veterans.

Appraiser Jeremy Bagott reached out to Valuation Review to share his thoughts and concerns about the inadvertent misleading of clients when it comes to enforcement of the Uniform Standards of Professional Appraisal Practice in California.

Among other issues, Bagott suggests a “double standard” is clearly evident. He sees it as an assault on to the rule of law.

Read on for more about this issue.

The Appraisal Standards Board (ASB) of The Appraisal Foundation recently released a Q&A dealing with specific questions surrounding what USPAP.

This Q&A brings clarity for appraisers as to what the USPAP document does and does not allow.

Read on to get some clarity surrounding issues you may be having regarding proper interpretation. 

NAIOP, the Commercial Real Estate Development Association released its CRE Sentiment Index for September 2020. Read on to learn more from this commercial report.

Fannie Mae revealed that Sheila Bair will succeed Jonathan Plutzik as chair of its board of directors, effective Nov. 20. The board unanimously passed a resolution appointing her chair on Oct. 28. Read on to learn more.

Black Knight, Inc. recently announced the API certification of MAXA, a company that provides marketing templates to companies. Read on to learn more.