News By Edition

Valuation Review attended a DataMaster webinar titled “5 Ways to Future-Proof Your Business.”

Chief Appraiser and Product Development Director Jared Preisler shared common checkpoints appraisers must keep in mind for future relevancy.

Read on to find out more of what Preisler told the attendees.

At the 2020 American Society of Appraisers International virtual conference, Adams and Reese LLP attorney Adam Massey addressed the audience on giving remote testimony.

In today’s “new normal” world of COVID-19, legal matters in the courtroom, like most other things, are addressed differently.

Read on for more on what to do, and not to do when sitting in front of the camera for your testimony.

At the 2020 American Society of Appraisers International virtual conference, painting conservator Rustin Levenson of ArtCare Conservation shared with conference attendees her insights as to painting condition and authenticity.

Levenson also addressed how she helps appraisers along in that process.

Read on to learn more.

The Appraisal Subcommittee (ASC) has approved $3 million over three years in new grant funds for The Appraisal Foundation (TAF).

This support will grant-eligible activities of the Appraiser Qualifications Board and the Appraisal Standards Board.

Read on for comments from the ASC and hear what TAF President David Bunton told Valuation Review about this grant. 

BBG is now offering valuation and assessment services for the manufactured housing communities.

The services include recreational vehicle parks and campgrounds, fast-growing sectors in the commercial real estate industry, the company announced in a press release.

Read on to learn more.

Since announcing two new appraisal forms in July, Fannie Mae has received questions pertaining to whether Form 1004 Desktop should be used when completing an appraisal with COVID-19 appraisal flexibilities. Read on to find out the answer to that question and others as outlined in the recent Fannie Mae Appraiser Update.

The Appraisal Foundation (TAF) Appraiser Qualifications Board (AQB) adopted the Practical Applications of Real Estate Appraisal (PAREA), according to a press release from TAF. Read on to learn more.

The Appraisal Institute (AI) recently recognized its national award winners at a ceremony, which took place virtually. Traditionally, the AI winners are publicly recognized at the AI annual appraisers conference. This year’s event, originally scheduled for Orlando, Fla. was cancelled because of concerns surrounding the COVID-19 coronavirus. Read on to find out who this year’s winners are.

The volume of mortgages in active forbearance saw its greatest decline since the pandemic began, according to new data released by Black Knight’s McDash Flash Forbearance Tracker. Read on to learn more.

The verbal war is heating up.

Cannae Holdings and Senator Investment Group take a firmer stand on their intention to acquire CoreLogic.

Read on for more back-and-forth dialogue between the parties.

Technology has certainly become more advanced and innovative since the arrival of COVID-19.

With many restrictions in place for appraisers, drones have become an even bigger and more important device in the appraiser’s toolbox. We reached out to a drone expert to see how much more prevalent drone usage will be in the industry moving forward.

Read on to find out more.

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.

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.

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.

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.

HYPERAMS, LLC has hired new personnel to grow the company’s appraisal division. Read on to find out who is joining the company.

Mortgage Network, Inc. has a new member in the company’s Boston branch office. Read on to learn the identity of the company’s new hire.

Are appraisers prepared to take the witness stand?

At the 2020 American Society of Appraisers International virtual conference, litigation in valuation was a hot topic discussed, including distinguishing between credibility and liability.

Read on to find out more.

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.

Veteran appraiser Dustin Harris (“The Appraiser Coach”) said having an open-door policy is something he feels is talked about quite a bit in the business world.

But Harris said having such a policy won’t do appraisers, or their employees any favors.

Read on for more of his thoughts.

CoreLogic recently launched Total Home ValueX, a new automated valuation model (AVM) that eliminates the need for multiple AVMs. Read on to learn more about this latest appraisal technology. 

In connection with Federal Housing Administration-insured HECM loans, due to COVID-19, the agency recently announced a temporary partial waiver and a corresponding housing directive waiver of the deferral period requirement that an eligible non-borrowing spouse must, within 90 days from the death of the last surviving borrower, establish legal ownership or other ongoing legal right to remain for life in the property. Read on to learn more.

During Financial Literacy Month, the Appraisal Institute of Canada (AIC) encourages property owners to do their own due diligence to determine the real value of their property. Read on for details on how this can be done.

Stewart Appraisals Management, Inc., a subsidiary of Stewart Information Services Corp., has acquired Pro-Teck Services Ltd.

The acquisition strengthens and expands its scale in appraisal and valuation solutions, the company announced in a press release.

Read on for more information about this key industry acquisition.

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.

Valuation Review recently shared with its readers how value is determined regarding paintings.

But when it comes to special works on paper or books, how is authenticity validated? Northwestern University Libraries’ Chief Conservator Susan Russick told attendees at the 2020 American Society of Appraisers International conference how these items are viewed.

Read on to find out more.

With the COVID-19 pandemic forcing some Americans to vacate their residencies in big cities, the personal-finance website WalletHub released its report “2020’s Best Small Cities in America.” Read on to find out which places made the list.

Incenter Appraisal Management has named Mark Walser executive vice president, the company announced. Read on to learn more.

Greystone revealed its No. 1 ranking based on volume of multifamily and healthcare Firm Commitments issued by the U.S. Department of Housing and Urban Development for the agency’s 2020 fiscal year ending Sept. 30, 2020, the company announced in a release. Read on to learn more.

A new study from the National Association of Realtors (NAR) is confirming many of the migration trends that had been anticipated as a result of the COVID-19 pandemic.

According to the NAR study, Americans under 40 (millennials and Generation Y) are most likely to say their overall quality of life has been negatively impacted by the pandemic, while they also note a reduced need to reside near highways, public transit, or their place of work.

Read on to learn more.

LRES Corp. has promoted Cassie Vega to senior director of client experience. Read on to learn more about this hire.

M&T Bank ranks fifth in the nation for the Small Business Administration's fiscal year 2020, reflecting its commitment to helping small businesses and communities thrive by providing small-business owners with valuable expertise and flexible financing solutions, the company announced in a release. Read on to learn more.

NewDay USA   said it will surpass its 2020 estimates more than doubling its revenue to over $300 million this year, up from $152 million in 2019. It is on pace to serve over 20,000 veteran families in 2020, the company announced in a release. Read on for more.

The CoreLogic Loan Performance Insights report for July 2020 indicated a delinquency spike in the 120-day delinquency rate to 1.4 percent.

This represents the highest rate in quite some time.

Read on for more from the CoreLogic report.

Several appraisal organizations are combining their efforts in the attempt provide additional training addressing unconscious bias in valuation, according to a release from the Appraisal Institute. Read on to learn more.

The Credit Union National Association remains strongly supportive of the Federal Housing Finance Agency’s efforts to ensure the Government-sponsored enterprises meet their public mission, it wrote to the agency T in response to a proposal outlining affordable housing goals for 2021. Read on to learn more.

JLL, by way of a detailed report, outlined all the particulars surrounding the manufactured home.

This included specific challenges and uncertainty when it comes to understanding the capitalization trends.

Read on for more information.

The DataMaster webinar titled “5 Ways to Future-Proof Your Business” outlined many steps appraisers can take to keep businesses thriving.

One scenario sees the appraiser becoming an analyst for the client when necessary.

Read on for more from DataMaster as to how you can keep your business doors open for continued work.

LRES Corp. recently welcomed a new member to its team. Read on to learn the identity of this new hire and hear comments from the company president.

Mortech, a Zillow Group business providing technology solutions for mortgage professionals, has integrated with Own Up, a mortgage marketplace dedicated to bringing transparency, clarity and a digital shopping experience to borrowers beginning their home financing search, the company announced in a release. Read on to learn more.

There is no question that when COVID-19 hit the country, serious challenges became immediately known to the real estate and valuation world.

In the manufactured housing sector, similar challenges needed to be dealt with. Valuation Review reached out to commercial firm JLL to discuss this matter and how it affects the various markets.

Read on for more.

Veros Real Estate Solutions released its Q3 2020 VeroFORECASTSM data that anticipates home price appreciation will increase sharply during the next 12 months in the 100 most-populated markets.

Prices are predicted to rise 5 percent by Q3 2021 compared to last quarter when the average increase was only 3.5 percent, according to Veros.

Read on to learn more from this report.

The federal banking agencies finalized two rules intended to provide relief for financial institutions as a result of actions taken to aid in the coronavirus response, according to a report in the America Bankers Association Journal. Read on to learn more.

The Appraisal Subcommittee (ASC) recently shared its Notice of Funding Availability and the approval of its Fiscal Year 2021 (FY21) budget. ASC Executive Director Jim Park outlined the details of both. Read on to learn more.

The Appraisal Foundation (TAF) President David Bunton announced the organization’s new board members in a TAF newsletter. Read on for the names of those new members and hear what Bunton had to say about the appointments.