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Is appraiser replacement inevitable? Real estate educator weighs in
Posted Date: Wednesday, September 27, 2017
Technology continues to grow within the appraisal industry.
Many people are wondering if appraisers will be needed in the future?
Valuation Review reached out to a professor of real estate development who revealed that such a concern may come to fruition.
Read on to find out more.
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AI award recipient hopes honor opens doors for reviewers
Posted Date: Monday, October 9, 2017
Earlier this year, the Appraisal Institute bestowed a first-time honor to one of its members.
Now, that recipient tells Valuation Review what such a distinction means as far as becoming a better appraiser and reviewer.
Read on to find out who this individual is, and what she had to say.
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Standard of proof may vary, support does not
Posted Date: Monday, September 25, 2017
Appraisers know they need to support their adjustments.
But how much support is enough? Does every appraisal require the same “standard of proof?”
Valuation Review talked to one industry veteran who specifically deals with appraisal reports and where one can go wrong in terms of writing reports and making adjustments.
Read on for more details.
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Organizations respond to appraisal waivers
Posted Date: Monday, September 18, 2017
The Appraisal Institute recently joined nearly three dozen appraiser organizations in asking Congress to call on the Federal Housing Finance Agency to prevent Freddie Mac and Fannie Mae from issuing appraisal waivers.
The Appraisal Foundation also shared its thoughts on this matter.
Valuation Review spoke with Appraisal Institute President and acting CEO Jim Amorin and Appraisal Foundation Issues Director John Brenan.
Read on to find out what they told us and who else sent opinions to Congress.
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Commercial Corner: NKF acquires Integra Realty Resources offices
Posted Date: Wednesday, October 4, 2017
Newmark Knight Frank announced that it is continuing the construction of its Valuation & Advisory practices.
The company has an agreement to acquire the assets of six Integra Realty Resources offices.
Read on to learn more about this commercial acquisition.
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Altisource announces new VP, head of valuations
Posted Date: Wednesday, October 11, 2017
Altisource Portfolio Solutions announced that Phil Huff has joined the company as vice president and head of valuations. Read on to learn more about this hire.
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SettlementOne partners with Global DMS
Posted Date: Wednesday, September 27, 2017
Global DMS and SettlementOne have partnered to integrate the Global DMS’ eTrac valuation management platform with SettlementOne’s LendSecure appraisal management platform to provide comprehensive automation of the appraisal process. Read on to learn more.
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Commercial Corner: NAR study details member income
Posted Date: Wednesday, September 27, 2017
Commercial real estate markets continue to improve.
There are some Realtors specializing in commercial real estate reporting both an increase in gross income and sales volume.
Read on to learn more.
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New York chapter recognizes AI’s president-elect
Posted Date: Monday, September 25, 2017
During a special dinner, the Upstate New York Appraisal Institute chapter of Buffalo, N.Y. recognized James Murrett, who will be the national Appraisal Institute’s 2018 president, for his many years of service. Read on for more about this recognition and hear what Murrett had to say.
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Texas appraisers, companies reacting following Harvey aftermath
Posted Date: Wednesday, September 20, 2017
Valuation Review reached out to appraisers in Texas to find out how the damages to property stemming from Hurricane Harvey affected them.
How did the storm affect appraisers’ abilities to perform assignments and schedule future jobs?
Read on to find out what we were told and how appraisers are dealing with this natural disaster as it relates to their businesses.
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Appraisal app expanding to Midwest
Posted Date: Wednesday, October 4, 2017
An appraisal mobile app connecting dealers with a larger community of appraisers and buyers to receive real time cash offers on inventory announced an expansion to the Midwest. Read on to find out what this product is and for more details on the move.
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Proper tech usage can increase appraiser productivity, exec says
Posted Date: Wednesday, November 8, 2017
From Freddie Mac and Fannie Mae waiving selected appraisals to advanced technology possibly eliminating appraisers from physically inspecting properties in the future, appraisers have been concerned about what lies ahead regarding the profession.
In Part II of this story, Valuation Review continues the discussion with LRES Chief Strategy Officer Mark Johnson regarding what appraisers should and should not be worried about as it relates to a sustainable career in appraisal work.
Read on to find out more of what we were told.
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AI guides homeowners unhappy with appraisals
Posted Date: Wednesday, November 8, 2017
Several market reports show that homeowners and appraisers are not exactly on the same page when it comes to the numbers reflecting the value of the owners’ property.
The Appraisal Institute offers suggestions on what homeowners should do if they are not happy with what appraisers are telling them.
Read on to learn more.
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Principal highlights commercial needs
Posted Date: Wednesday, November 8, 2017
Valuation Review spoke with Principal Michael Hadrys, of West Valuation Inc.
Hadrys gave his insight on what can make commercial appraising more accessible to those seeking such work regarding valuation assignments.
Read on to find out what he told us.
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Theoris completes AQPM implementation
Posted Date: Wednesday, November 8, 2017
Theoris Software has completed the implementation of the Appraisal Quality and Performance Management for ACT Appraisal Inc. Read on to find out more details.
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AMC strengthens market position
Posted Date: Wednesday, November 8, 2017
Pendo announced that Paul Wholley has been hired as vice president of sales, responsible for leading the company’s national sales team. Read on to learn more about this hire.
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Impacts of negative equity, inventory impacting industry
Posted Date: Wednesday, November 8, 2017
Summit Valuations LLC released its October Residential Real Estate Market Overview, which is based on data collected in August, the most current industry information available. Read on to learn more.
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Which appraisal model to choose? Global DMS has answers
Posted Date: Wednesday, November 1, 2017
Lenders have some options when it comes to managing the valuation process.
But what option will they choose? Selecting multiple AMCs or developing their own panel by way of in-house appraisals?
In Part II of this feature, Valuation Review continues the discussion with Global DMS who are examining this.
Read on to find out what that is and what else the company revealed to us about this matter.
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Voice of the Appraiser survey winners announced
Posted Date: Wednesday, November 1, 2017
The 2017 Voice of the Appraiser survey reached many individuals from all across the country who participated in our seventh annual special report. Three appraisers have been selected as winners of subscriptions to Valuation Review. Read on to find out who the lucky winners are this year.
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Veros announces property-specific valuation tool
Posted Date: Wednesday, November 1, 2017
Veros Real Estate Solutions announced VeroPRECISION, the first property-specific AVM decision logic to provide the industry a way to determine a property’s suitability for an AVM, then when appropriate, the most accurate AVM from top-performing AVM providers, Veros and Collateral Analytics. Read on to learn more.
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IAAO releases big box entity paper
Posted Date: Wednesday, November 1, 2017
The International Association of Assessing Officers has released the association's position paper on valuing big-box stores. The paper, "Commercial Big-Box Retail: A Guide to Market-Based Valuation," was published by the Special Committee on Big-Box Valuation, under the direction of the IAAO Research Subcommittee and IAAO Executive Board. Read on to find out the details of this paper.
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CoesterVMS offers instant appraisal fee quotes
Posted Date: Wednesday, November 1, 2017
CoesterVMS launched a nationwide fully automated proprietary residential real estate Disclosure calculator available for lenders, brokers and wholesalers via its website, and web services. Read on to learn more.
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Network maintenance to affect EAD
Posted Date: Wednesday, November 1, 2017
The Federal Housing Administration announced that its Electronic Appraisal Delivery Integration and Production environments are scheduled for planned system maintenance affecting availability. Read on to learn more details.
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Conference: Appraisers to gather at the Summit
Posted Date: Monday, October 30, 2017
The 2017 Appraisal Summit and Expo takes place Nov. 1-3 at the Bally’s Hotel and Casino in Las Vegas.
Valuation Review will be in attendance to hear and report on hot topics and news items affecting appraisers and their businesses.
Read on for a brief introduction as to what attendees will see at this year’s event.
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Report: Appraisers, owners still differ on values
Posted Date: Monday, October 30, 2017
The Home Price Perception Index from Quicken Loans continues to show a difference of opinion between appraisers and homeowners when it comes to value.
What do the numbers show for this month?
Read on to find out.
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CoreLogic introduces appraisal tool
Posted Date: Monday, October 30, 2017
CoreLogic announced the release of Appraisal Xcelerator, a digital appraisal appointment scheduling solution that can be incorporated into the Collateral Management System or leading appraisal management platforms. Read on to learn more.
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Pendo enhances appraisal tool
Posted Date: Monday, October 30, 2017
Pendo, an appraisal management company, has made enhancements to their Appraisal Review Tool, which is part of their proprietary technology solutions for appraisal management. Read on for more details.
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Leading valuation firm names managing director
Posted Date: Monday, October 30, 2017
Marshall & Stevens has named veteran valuation expert John Agogliati as Managing Director and Practice Leader of its Northeast Dispute Resolution and Litigation Support Practice. Read on for more information.
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Appraiser life in the digital lane
Posted Date: Wednesday, October 25, 2017
Valuation Review spoke with an industry veteran who outlined a path for appraisers can take and not get lost on the road to digital assignments.
Is the overall process of technology acceptance getting both easier and faster?
Read Part II of this story to find out what he told us.
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BBG welcomes chief appraiser to new position
Posted Date: Wednesday, October 25, 2017
BBG continues its strong presence in the commercial real estate industry by naming one of the industry’s top chief appraisers and banking executives to its staff.
Valuation Review spoke with the company’s newest member for his thoughts on joining the team.
Read on to find out who this individual is and what his specific role will be with this commercial company.
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Clear Capital hires real estate innovator
Posted Date: Wednesday, October 25, 2017
Clear Capital announced the addition of Jeff Allen as executive vice president of valuation strategy. Read on to learn what this hire means for the company.Snippet: Clear Capital announced the addition of Jeff Allen as executive vice president of valuation strategy. Read on to learn what this hire means for the company.
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ValuTrac launches automated appraisal review tool
Posted Date: Wednesday, October 25, 2017
ValuTrac Software announced the launch of SnapShot automated appraisal review, a low cost, streamlined appraisal review tool available through ValuTrac Software’s ValuTrac Pro and ValuTrac Pro Plus. Read on to learn more.
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Summit promotes new director of operations
Posted Date: Wednesday, October 25, 2017
Summit Valuations, LLC announced that Ray Hernandez has been promoted to director of operations/technical liaison. Hernandez joined the company when it was founded in 2007. Read on to learn more about this promotion.
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Appraisal exceptions issued
Posted Date: Monday, October 23, 2017
Responding to widespread damage caused by Hurricanes Harvey, Irma and Maria, federal regulators have taken action.
The regulators have put plans in motion to temporarily ease appraisal requirements for real estate-related financial transactions in areas declared to be a major disaster.
Read on to find out what exceptions were made to assist those devastated by the hurricanes hitting their respective states and territories.
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Valuation firm announces tech integrations
Posted Date: Monday, October 23, 2017
Valucentric announced a key element to its continued focus of increasing efficiencies in the valuation sector. Read on for more information and what specifically the company is introducing.
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Training appraisers can return to the ‘norm,’ executives say
Posted Date: Wednesday, October 18, 2017
Valuation Review talked to Leland Trice, Jason Goldberg and Tom Schurer, of Valucentric, who gave their thoughts and opinions as to what appraisers are faced with on a daily basis.
Such challenges can make or break appraisers as it relates to the ease or difficulty in doing their jobs compliantly.
In Part II of this story, we asked the panel to address other avenues of interest for the appraiser as it relates to specific challenges within the industry.
Read on to find out what additional insight they gave us.
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Missouri woman caused fraudulent appraisal
Posted Date: Wednesday, October 18, 2017
A Carrollton, Mo. woman was found guilty March 28, 2017 of two counts of bank fraud.
She also was accuded of being part of a scheme to obtain loans leading to a fraudulent appraisal.
Read on for more details of this case.
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Commercial Corner: BBG senior managing director named to list
Posted Date: Wednesday, October 18, 2017
BBG announced that its Senior Managing Director Marc Nassif has been selected by Crain’s Detroit Business “40 Under 40” 2017 Honoree Class.
BBG continues its commercial growth within the appraisal industry with qualified staff.
Read on to learn more about the honor coming to this commercial appraisal company.
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ServiceLink, Roostify announce partnership
Posted Date: Wednesday, October 18, 2017
ServiceLink announced a partnership with Roostify which will extend the digital experience for lenders and consumers alike. Read on to learn more about this partnership and what it means for appraisers.
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Opus CMC hires director
Posted Date: Wednesday, October 18, 2017
Opus Capital Markets Consultants, LLC announced its recent hire of Bruce Legan, who will join Opus CMC as managing director of Business Development. Read on for more details.
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