News By Edition

The Uniform Appraisal Dataset (UAD) is a component of the Uniform Mortgage Data Program, an initiative undertaken by Fannie Mae and Freddie Mac under the direction of the Federal Housing Finance Agency.

There have been some changes to the UAD, and Freddie Mac’s Single Family Valuation Senior Director Danny Wiley sat down with Valuation Review to give an update.

Read on to find out what Wiley had to say.

The issue of racial bias and discrimination in the appraisal profession continues to strike a nerve amongst those in the business.

Valuation Review, which has addressed this topic before, now gives a different viewpoint as seen through the eyes of an attorney.

We spoke with Franklin, Greenswag, Channon & Capilla, LLC attorney Craig Capilla for his thoughts.

Valuation Review spoke with Realquantum CEO Jeff Weiner to discuss the company’s recent commercial appraisal market survey.

Many interesting comments were delivered by the May survey’s respondents assessing where the commercial side of appraising stands as the world moves past a pandemic environment into the “new” world of appraising.

Read on for more of our conversation.

During the commemoration with the 100th anniversary of the Tulsa Race Massacre, one of the worst acts of racial violence in U.S. history President Joseph Biden announced several initiatives to reduce the racial wealth gap.

As part of this announcement, the Biden administration committed to “take action to address racial discrimination in the housing market, including by launching a first-of-its-kind interagency effort to address inequity in home appraisals, and conducting rulemaking to aggressively combat housing discrimination.”

Read on for more information and to hear reaction from Appraisal Institute President Rodman Schley.

The Appraisal Institute (AI), in collaboration with Fannie Mae and the National Urban League, is seeking applicants for its Appraiser Diversity Initiative Sponsorship Program, AI announced in a release. Read on for more details.

Veros Real Estate Solutions has added commercial properties to the company’s Disaster Data Solution product.

The company provides key players in the real estate communities essential data on properties affected by natural disasters.

Read on for more from the Veros report.

Valuation Connect, an appraisal management company and division of Mortgage Connect LP, recently appointed Shawn Murphy as its executive vice president of traditional appraisal operations, according to a release. Read on for more about Murphy’s assignment.

Radian Group Inc. recently announced that Brian Montgomery has rejoined its board of directors following the completion of his second tenure at the U.S. Department of Housing and Urban Development (HUD), most recently serving as the deputy secretary of HUD, according to a press release. Read on for more information.

Sedgwick, a global provider of technology–enabled risk, benefits and integrated business solutions, has acquired regional automotive appraisal companies Automotive Damage Appraisers of the Southwest (ADASW) and Metro Appraisal, according to a press release. Read on for more information.

The American Society of Appraisers’ (ASA) International President Lorrie Beaumont, who became a member of ASA years ago, is stepping away from her current position.

Beaumont expressed her gratitude in a letter.

Valuation Review shares her thoughts to ASA members and friends, and what she hopes the future holds for the profession.

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. Read on to learn more.

Kennedy Funding, a New Jersey-based direct private lender, recently closed a $2.475 million loan to Colorado real estate developer Ban RE Group. Read on to learn more.

Greystone has provided a $7.3 million HUD-insured loan to refinance a 78-bed assisted living community in Great Falls, Mont., according to a press release. Read on to learn more.

The Louisiana Real Estate Appraisers Board has agreed to stop fixing compensation levels for residential real estate appraisal services as part of a settlement reached with the Federal Trade Commission (FTC).

The FTC alleged that the board’s conduct violated federal antitrust law.

Read on for more details surrounding this decision.

The COVID-19 pandemic has significantly impacted the mortgage industry, creating business and operational changes for both lenders and servicers.

According to Black Knight, one of the important changes resulting from the pandemic is the accelerated use of appraisal alternatives.

Read on to learn more.

CoreLogic recently announced the completion of its acquisition by funds managed by Stone Point Capital and Insight Partners for $80 per share in cash.

CoreLogic’s common stock has ceased trading on the New York Stock Exchange.

Read on to learn more.

Valcre, the appraisal platform for the commercial real estate industry, launched its new software integration with Rockport VAL, the company announced in a press release.

This technology will expand the capabilities of Valcre clients, enabling them to conduct discounted cash flow modeling (DCF) with Rockport VAL and integrate the calculation results into their appraisal reports.

Read on to learn more.

Clario Appraisal Network, Inc., a full-service residential real estate appraisal firm and sister company of real estate valuation and analytics fintech leader Clear Capital, has partnered with SkillBridge, a Department of Defense (DoD) program for service members to gain valuable civilian work experience through specific industry training, apprenticeships or internships during the last 180 days of service. Read on to learn more.