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Blockchain data changes impact appraising
Posted Date: Monday, November 12, 2018
The ability to rely on data and verify where numbers came from will prove invaluable to the appraiser in the future.
Blockchain technology will provide such validation, saving appraisers precious time searching for numerical verification.
Valuation Review spoke with Ernie Durbin, chief valuation officer at Clarocity, for his insights and expertise on Blockchain and the many benefits it will bring to the industry.
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Reporting, indispensability on the minds of ASB
Posted Date: Monday, November 12, 2018
The Appraisal Standards Board (ASB) of The Appraisal Foundation (TAF) held a public meeting recently in Washington, D.C., to discuss the Second Exposure Draft’s Proposed Changes to USPAP.
Valuation Review spoke with TAF Appraisal Issues Director John Brenan for a recap of this meeting.
Read on to find out what we were told, and what to expect in future meetings.
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What to do with condemned properties?
Posted Date: Monday, November 19, 2018
Appraisers who value properties subject to eminent domain are likely to find themselves in court.
They may need to explain and defend their analysis and opinions, according to a new book published by the Appraisal Institute.
Read on to find out more of what appraisers may need to legally prepare for as it relates to matters concerning condemned properties.
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NAR examines roles concerning valuation, appraisal
Posted Date: Wednesday, November 7, 2018
At the National Association of Realtors’ annual conference in Boston, speakers including John Torvi of Landy Insurance Agency participated in an appraisal forum titled “Demystifying Agent-Appraiser Communication: Law, Liability and Best Practice.” The forum highlighted proper approaches for communication and cooperation between agents and appraisers. Read on to learn more.
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CBRE: Revised NAFTA should benefit U.S. commercial properties
Posted Date: Wednesday, November 14, 2018
The North American Free Trade Agreement’s likely replacement, the United States-Mexico-Canada Agreement, should increase U.S. commercial property market demand.
This will be achieved by decreasing uncertainty about trade, according to CBRE, Los Angeles.
Read on to learn more.
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Deephaven Mortgage, Class Appraisal partner
Posted Date: Monday, November 12, 2018
Deephaven Mortgage announced a partnership with one of the nation’s fastest-growing appraisal management companies in Class Appraisal. Read on to find out more about this partnership and what it means for the valuation industry.
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ASA recognizes its ‘stars’
Posted Date: Wednesday, October 10, 2018
The American Society of Appraisers (ASA) recognized its 2018 annual “Rising Stars” award winners. Read on to learn the identity of this year’s ASA honorees with additional information highlighting these professionals within the valuation arena.
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ASFMRA veterans education approved
Posted Date: Wednesday, September 26, 2018
The American Society of Farm Managers and Rural Appraisers have been approved by the Veterans Administration for veterans to use their benefits under the GI Bill towards education in the agricultural appraisal industry. Read on to learn more.
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HouseCanary receives trade secret judgment; Amrock set to appeal court decision
Posted Date: Wednesday, November 7, 2018
A court has entered judgment in favor of HouseCanary in its claims for trade secret misappropriation, fraud and breach of contract against Amrock, formerly known as Title Source.
Earlier this year, after seven weeks of trial with extensive presentation of evidence, a jury awarded HouseCanary more than $706 million in actual and punitive damages for Title Source's willful misappropriation of trade secrets and other claims.
Read on to learn more about this case and where things legally move from here.
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Orange County appraiser appeals Disney value decision
Posted Date: Wednesday, October 3, 2018
An Orange County property appraiser filed an appeal in a July 2018 ruling on the property tax assessment for The Yacht and Beach Club at the Walt Disney World Resort.
Judge Thomas Turner determined that the market value for the property should be reduced by nearly 40 percent to $209 million, and that $1.2 million should be returned to the entertainment giant.
Read on for more details in this case.
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Ellie: Millennial loans reach three-year high
Posted Date: Monday, October 15, 2018
Despite fierce competition for affordable homes in many markets this spring and summer, the percentage of conventional purchase loans to millennial homebuyers has increased, compared to the same time period a year ago, according to the latest Ellie Mae Millennial Tracker. Read on to learn more from this report.
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HUD, Census Bureau release monthly residential sales report
Posted Date: Monday, November 12, 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the new residential sales statistics for September 2018. Read on to learn more from the report.
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Freddie: Forecast shows economic growth, but slow sales
Posted Date: Wednesday, November 14, 2018
Rising rates coupled with increasing home prices have discouraged homebuying activity during the third quarter of 2018, according to Freddie Mac’s October Forecast that includes estimates for 2020. Read on to learn more from this report.
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Agency receives HUD grant to help homeowners
Posted Date: Wednesday, November 7, 2018
A national homeownership and financial counseling agency in California received a sizeable grant from the Department of Housing and Urban Development in the amount of $767,514. Read on for more information about the grant and who it directly provides assistance to.
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Freddie reminds servicers of hurricane relief policies
Posted Date: Monday, October 29, 2018
Freddie Mac has reminded servicers of its disaster relief policies for borrowers who were affected by Hurricane Michael, stating that disaster relief options are available to borrowers whose homes or places of employment are located in presidentially declared major disaster areas where federal individual assistance programs are made available to affected individuals and households. Read on to learn more.
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CoreLogic speaks to new AVM suite
Posted Date: Monday, November 12, 2018
CoreLogic earlier announced the introduction of its Total Home Value suite of automated valuation models (AVMs).
The Total Home Value AVM suite incorporates new cascade methodologies and is designed to help simplify AVM selection and provide optimal performance levels and delivery options for specific business needs.
Valuation Review spoke with a CoreLogic executive for more details on this technology and how it impacts the industry.
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Kraninger confirmed as CFPB director
Posted Date: Monday, December 10, 2018
It's official!
As expected, Kathy Kraninger was confirmed by the Senate on Dec. 6 to become the Consumer Financial Protection Bureau’s (CFPB) second full-time director. The final vote, 50-49, was along party lines.
Read on to learn more about the new CFPB director.
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Mortgage Network welcomes new team member
Posted Date: Monday, December 10, 2018
Mortgage Network Inc. announced Aaron Benton has joined the company's Hilton Head, S.C., and branch as a loan officer. Read on to learn more about this new company acquisition.
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Highest and best use should be ‘a guide for appraisers’-Part II
Posted Date: Wednesday, December 5, 2018
Valuation Review continues its conversation with appraisers Larry Wright, Rick Muenks, and highest and best use marketability expert Stephen Fanning as to what makes this particular area of appraising so vital when it comes to determining real property valuation.
What are the wrong assumptions being made when it comes to these types of assessments?
Read Part II of our story to find out more answers to other questions we posed to our panel.
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Kraninger set to become bureau director
Posted Date: Wednesday, December 5, 2018
The Consumer Financial Protection Bureau (CFPB) is on pace to have its second full-time director after Kathy Kraninger's nomination cleared a key procedural hurdle in the Senate on Nov. 29.
The move set up a final vote no earlier than Dec. 4, which is all but assured of sending the associate director at the Office of Management and Budget to the director's chair.
What will the second full-time CFPB director mean for the industry? Read on to find out more.
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Commercial company makes big closings
Posted Date: Wednesday, December 5, 2018
There's news about commercial shopping malls.
Ron Duong, senior vice president investments of Marcus & Millichap’s Newport Beach, Calif., office, closed escrow on a pair of commercial strip malls at record pricing earlier this year.
Read on to learn more.
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CoreLogic expands repurchase program, confirms target
Posted Date: Wednesday, December 5, 2018
CoreLogic announced that its board of directors authorized the company to repurchase up to $500 million of outstanding shares of its common stock. Read on to learn more about this transaction.
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Industry vet to lead expansion
Posted Date: Wednesday, December 5, 2018
Alterra Home Loans announced that its Legacy Division will be renamed Legacy Home Loans, and it will remain under the direction of its current president. Read on to learn more.
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Bright or cloudy: The future of desktop appraisals-Part II
Posted Date: Monday, November 26, 2018
Will desktop and hybrid appraisals remain a key component in the appraisal process as the industry moves forward?
Valuation Review continues its conversation with Jim Smith, president of Property Solutions (part of the Computershare Group) for more insight from the company’s survey, while getting additional expertise from other key veterans in the appraisal profession.
Read Part II of this story to learn more.
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Accurate Group announces key appointments
Posted Date: Monday, November 26, 2018
The real estate appraisal, title data, analytics and eClosing solutions provider Accurate Group has named a new chief operating officer.
The company also named a former valuations director as its new director of national sales.
Read on to learn more about these individuals and what roles they will play with the company.
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Owner, appraiser opinions near alignment
Posted Date: Monday, November 26, 2018
Are appraisers and owners getting any closer as to the valued opinion of properties?
October marks the eighth straight month with less than half a percent difference between appraisals and homeowner estimates, according to the Quicken Loans Home Price Perception Index.
Read on to learn more from this report.
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Real estate company provides multifamily financing
Posted Date: Monday, November 26, 2018
Greystone is providing $23.7 million in HUD-insured financing for Hunter’s Cove Apartment Homes in Waxahachie, Texas. Read on to learn more about this transaction.
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