Appraiser News

As a reminder, on June 22, Freddie Mac and Fannie Mae will implement the first phase of the conversion of current Uniform Appraisal Dataset (UAD) compliance warning edits to fatal UAD edits in the Uniform Collateral Data Portal (UCDP), as outlined in the April 2013 UCDP Release Notification and UAD Update. If a fatal UAD edit is issued on an appraisal, a "Not Successful" status will be issued in the UCDP and the loan will not be eligible for delivery to either GSE.

The Alliance for Valuation Education, a new non-profit organization dedicated to providing greater availability of consistent, quality valuation education, created through the collaborative effort of 13 valuation organizations, is seeking candidates to serve as an At-Large member on its governing body, the Board of Regents. The position is open to appraisers as well as non-appraisers.

The National Settlement Services Summit isn’t just about title industry support and improvement. It’s also about community improvement. And that’s no more evident than at the Make a Child Smile: Charity Bicycle Building Event sponsored by Winward Consulting | Software LLC. At this year's Summit, volunteers spent an afternoon with the October Research staff assembling bicycles that will be donated to a northeast Ohio organization named Guidestone. 

The Appraisal Practices Board (APB) has issued the following solicitations for Subject Matter Experts (SMEs) to assist in the research and development of voluntary guidance on the following topics: Solicitation for Appraising Newly Constructed Residential Properties and Solicitation for Collection and Verification of Sales Data. The SME panels chosen to address these topics will accomplish their goals by, at a minimum, gathering, citing and researching all existing literature and publications.

Platinum Data Solutions hired industry veteran Bill King as the company’s new senior vice president, valuation solutions. King, who was formerly director of valuation services for Veros Real Estate Solutions, has more than 30 years of housing industry experience that includes work as a senior executive, qualified forensic expert, speaker, trainer, author, licensed appraiser and licensed real estate agent.  

October Research LLC, publisher of  The Title Report ,  The Legal Description ,  Valuation Review ,  RESPA News  and  Dodd Frank Update , today announced the winners in its annual awards program, launched to honor men and women in the mortgage and settlement services industries for exemplary accomplishment in the areas of leadership, innovation and philanthropy.

The April Mortgage Monitor report released by Lender Processing Services (LPS) found that the rate of foreclosure sales (i.e., completion of the foreclosure process) in judicial foreclosure states hit its highest point since 2010. However, the length of time that process is taking -- as well as the disparity in foreclosure timelines between judicial and non-judicial states -- continues to grow. Still, as LPS Applied Analytics Senior Vice President Herb Blecher explained, the steady return to a relative d...

Veros Real Estate confirmed its proprietary Pathway system is equipped to handle the upcoming Uniform Collateral Data Portal (UCDP) changes announced by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The requirements involve both the UCDP, the single joint portal for the electronic submission of appraisal data files to the GSEs, and the Uniform Appraisal Dataset (UAD), which standardizes key appraisal data elements and is intended to enhance appraisal data quality on convent...

The Appraisal Institute announced its support for federal legislation that would improve the mortgage underwriting process by ensuring appraisers are provided relevant property information relating to green and energy-efficient features. The Appraisal Institute expressed its backing of the recently introduced Sensible Accounting to Value Energy (SAVE) Act of 2013, which is sponsored by Sens. Michael Bennet, D-Colo, and Johnny Isakson, R-Ga. 

The Alliance for Valuation Education, a new non-profit organization dedicated to providing greater availability of consistent, quality valuation education and created through the collaborative effort of 13 valuation organizations, is seeking a candidate to serve as an at-large member on its governing body, the Board of Regents. The position is open to appraisers as well as non-appraisers.