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Appraiser had FBI for a client
Posted Date: Monday, August 27, 2018
At the 2018 Appraisal Institute conference in Nashville, chief appraiser and keynote speaker Don Gossman entertained the audience with his story about the time the FBI called upon his services.
Gossman was asked to help bring down a mortgage fraud ring in Missouri. Valuation Review was in attendance to hear his story.
Read on to find out more about his experience and his unique client.
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Time to ‘shine the light’
Posted Date: Wednesday, September 12, 2018
Valuation Review attended the 2018 Appraisal Institute conference in Nashville, including a session addressing the controversies roiling around valuing the “fee simple” estate of income-producing properties in eminent domain and real property taxation matters.
Panelists Paula Konikoff and Leslie Sellers shared their thoughts on the controversies.
Read on to find out what we learned.
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Commercial, residential appraisals fundamentally the same
Posted Date: Wednesday, August 15, 2018
Are commercial appraisers working under the same regulatory requirements as those in residential? There may be a few differences between the two, but not that much.
Valuation Review talked to Greenfield Advisors Chairman John Kilpatrick, a veteran in commercial appraising, to get his thoughts on what appraisers should keep in mind when placing value on commercial properties.
Read on to find out what we were told.
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AI among organizations opposing state waiver
Posted Date: Wednesday, September 5, 2018
The Appraisal Institute (AI) recently joined nearly 30 valuation organizations oppos.ing North Dakota’s appraisal waiver request to bypass appraisal requirements.
Such requirements included business/farm transactions below $1 million and residential transactions below $500,000.
Read on to learn more and specific details AI outlined in a letter sent to the Appraisal Subcommittee.
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Treasury report supports AVMs, hybrids
Posted Date: Wednesday, September 5, 2018
Are appraisers more comfortable using automated valuation models and hybrids?
The report “A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation” was released with appraisal recommendations covering those subject matters and others.
Read on to find out the details of these recommendations.
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SingleSource expands its ranks
Posted Date: Wednesday, September 12, 2018
SingleSource has added Stacey Bayley and Brent Taggart, two experienced industry professionals, to its business development team. Read on to learn more about these individuals and what they’ll bring to this valuation company.
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Commercial company appoints pair of veterans
Posted Date: Wednesday, September 12, 2018
A commercial appraisal company expands.
BBG announced two industry veterans have been appointed to key executive positions.
Read on to learn their identities and how their skills will enhance the company.
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Liquid Asset Appraisals deliver deductions
Posted Date: Monday, August 27, 2018
Recently, the Internal Revenue Service issued a new rule regulating how cash and noncash charitable contributions are to be valued. Taxpayers making charitable contributions for tax deduction purposes must use a qualified appraiser conforming to Uniform Standards of Professional Appraisal Practice for any property valued over $5,000. Read on to learn more.
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Cities where single millennials bought in July
Posted Date: Wednesday, September 12, 2018
Bay City, Mich., Cheyenne, Wyo., and Norwalk, Ohio, topped the list of markets in which single millennial homebuyers were more likely to close a mortgage loan in July than married homebuyers, according to the latest Ellie Mae Millennial Tracker. Read on to learn more from this report.
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Freddie announces largest SLST deal of 2018
Posted Date: Monday, September 10, 2018
Freddie Mac announced an approximate $1.45 billion Seasoned Loans Structured Transaction (SLST) – of a pool of seasoned re-performing loans. This will be the fifth SLST since the launch of the program in 2016 and the largest SLST of 2018. Read on to learn more.
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Ernst protecting lenders from fee changes
Posted Date: Monday, July 23, 2018
Ernst has a new offering that allows lenders to accurately disclose closing costs to borrowers even if the fees are scheduled to change before the closing date, thus protecting them from TRID violations. Read on to learn more.
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ARMCO launches Fraud Case Manager technology
Posted Date: Wednesday, September 12, 2018
ACES Risk Management announced the launch of Fraud Case Manager, the industry’s first technology for managing and analyzing fraud investigations. Read on to learn more.
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Churchill Mortgage launches new branch
Posted Date: Wednesday, September 26, 2018
Churchill Mortgage announced its newest branch outside of Denver, becoming the 46th state in which it provides conventional, FHA, VA and USDA residential mortgages to clients. Read on to learn more.
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Banking veteran joins Mortgage Network’s Boston branch
Posted Date: Monday, September 24, 2018
Mortgage Network Inc. announced that Luke Ostrowski joined the company as a sales manager and senior loan officer in its Boston branch, serving southeastern Massachusetts. Read on to learn more about this company appointee.
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Ernst offers white labeled version of Smart Query
Posted Date: Monday, September 24, 2018
Ernst announced that the company would make its industry-leading Smart Query fee calculator available to title and settlement companies on a white-labeled basis. Read on to learn more.
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Litigation appraiser discusses report options-Part II
Posted Date: Wednesday, September 19, 2018
At the 2018 Appraisal Institute (AI) conference in Nashville, former AI president and current litigation appraiser M. Lance Coyle addressed the audience on several legal maneuvers.
Coyle told appraisers what they should be aware of when on assignment. Valuation Review was in attendance and continues its story on Coyle’s presentation.
Read Part II to find out more information.
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CRE execs report balanced, stable conditions
Posted Date: Wednesday, September 19, 2018
Commercial real estate executives see "balanced and stable" market conditions despite growing concerns the market could be nearing the end of its current cycle.
The Mortgage Bankers Association’s Real Estate Roundtable reported on this concern.
Read on for more details.
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Veros, SWBC form partnership
Posted Date: Wednesday, September 19, 2018
Veros Real Estate Solutions and SWBC Lending Solutions have partnered to provide complete, end-to-end collateral valuation and analytics services. Read on to learn more.
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ASB issues proposed changes
Posted Date: Wednesday, September 19, 2018
The Appraisal Standards Board has issued a Second Exposure Draft of proposed changes for the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice. Read on to find out more.
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DIMONT releases benefits whitepaper
Posted Date: Wednesday, September 19, 2018
DIMONT has released a whitepaper titled “The Power of Integrated Claims & Conveyance Services,” which deals with the struggles mortgage servicers face when working with properties purchased with FHA loans. Read on to learn more.
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How simple are ‘fee simple’ approaches?-Part II
Posted Date: Monday, September 17, 2018
Valuation Review attended the 2018 Appraisal Institute conference in Nashville, including a session addressing the controversies roiling around valuing the “fee simple” estate of income-producing properties in eminent domain and real property taxation matters.
Panelists Paula Konikoff and Leslie Sellers shared their thoughts on the controversies.
Read Part II to find more of what we learned.
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Data reveals best, worst locations for family life
Posted Date: Monday, September 17, 2018
Stability and peace of mind are certainly factors to consider when purchasing a home.
Wallet-Hub recently revealed where the best and worst cities are located for the raising of families.
Read on to find out where these locations are.
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Mortgage closing tech company names EVP
Posted Date: Monday, September 17, 2018
Pavaso announced that Brenda B. Clem has been named executive vice president (EVP) of capital markets. Read on to learn more about the new executive and her specific company duties.
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ASC announces residency change
Posted Date: Monday, September 17, 2018
The Appraisal Subcommittee will have a new address effective Oct. 1, 2018. Read on for more information and all of the changes.
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