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Is the cost approach a useful mechanism?
Posted Date: Monday, November 14, 2016
HomeStreet Bank Single Family Appraisal Production Manager/Vice President Clark Dickson spoke to the value of a supportable prepared cost approach at the 2016 Appraisal Summit and Expo in Las Vegas. Valuation Review was in attendance. Is cost approach the most useless approach to value? Read on to hear what Dickson had to say.
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Freddie Mac suggests waiving appraisals; AI responds
Posted Date: Wednesday, November 16, 2016
Citing similarities to previous policies that did not benefit the economy, the Appraisal Institute wrote to the Federal Housing Finance Agency and expressed its concerns over changes made to Freddie Mac’s Loan Advisor Suite. Read on for more details.
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Appraisals assist to minimize risks, exec says
Posted Date: Wednesday, November 16, 2016
Lenders use many services, including appraisals, to assist in underwriting loans. The integration of multiple services to obtain data is an emerging trend in real estate due diligence. Valuation Review spoke with an executive at BBG, a national valuation and assessment company, for his thoughts on how the many services impact each other. Read on to hear what he told us.
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Reminders sent about all that is good in the profession
Posted Date: Wednesday, October 26, 2016
With many appraisers continuing to sound off about what is wrong with the industry, selected realtors and evaluators, in conjunction with the Appraisal Institute, offer many reasons as to what is right with the industry and why they love their jobs. Read on to learn more.
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Experts: Here’s how election affects appraisers
Posted Date: Wednesday, November 9, 2016
The results of the 2016 election will have significant impact on the overall future of the economy and the real estate market. Valuation Review reached out to HouseCanary co-founders Jeremy Sicklick and Chris Stroud for their input as to what the new presidential regime will mean for the appraisal industry and how party policy could affect appraisers moving forward. Read on to hear what they had to say.
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Expert: Understand your red flags, adjustments
Posted Date: Monday, November 7, 2016
A nationally recognized authority on compliance issues and legislation relating to real estate appraisers, lending and mortgage fraud, Richard Hagar brings to light many issues those in the valuation profession may be in the dark about. In Part I of this two-part feature, Valuation Review reached out to Hagar for his insight to assist the appraiser. Read on to hear what he told us.
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Appraiser discusses transition from residential
Posted Date: Wednesday, November 9, 2016
Commercial appraiser Christina Harjehausen, co-founder of Sage Valuation Inc., outlined some of the possibilities and steps appraisers can take towards a successful stay inside the world of commercial appraisals. Valuation Review spoke with Harjehausen about residential appraisers making the transition to the commercial side of valuation. Read on to hear what she told us.
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HUD addresses updates to FHA Handbook
Posted Date: Monday, October 24, 2016
Effective Sept. 30, 2016, significant updates were made to the Federal Housing Administration Single Family Housing Policy Handbook 4000.1 pertaining to appraisal/property requirements. Valuation Review reached out to the U.S. Department of Housing and Urban Development Office of Public Affairs spokesperson Brian E. Sullivan for information relating to this important topic for appraisers. Read on to learn what he told us.
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Appraisers put on ‘notice’ regarding reports
Posted Date: Wednesday, October 12, 2016
An increasing number of appraisers continue to receive a “Notice of Deficiency” letter from the Department of Housing and Urban Development and the Federal Housing Association, citing problems with appraisal reports. Valuation Review reached out to William Fall Group Residential Operations Senior Vice President Janice Buchele for insight on this topic.
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Sound advice for business growth
Posted Date: Wednesday, October 12, 2016
Appraisers moving to the commercial side of valuations find themselves engaged in many facets of the industry, from legal situations to government agency-related assignments. Valuation Review reached out to Greenfield Advisors Managing Director John Kilpatrick for his insights as to how appraisers can better prepare for commercial work. Read on to find out what he told us.
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Regulator addresses state board inquiries
Posted Date: Monday, October 17, 2016
The Texas Appraiser Licensing and Certification Board’s Commissioner Douglas Oldmixon recently discussed what appraisers need to know and what they should do when the state board comes knocking on the door. Valuation Review was at the presentation. Read on to hear what he said.
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Appraiser nets large award in NY Supreme Court
Posted Date: Monday, November 28, 2016
A New York Supreme Court judge awarded the founders of a state appraisal company a legal fee reimbursement representing one of the largest awards of its kind to any appraiser in New York history. Valuation Review spoke with one of the appraisers involved. Read on for more details of this case.
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Commercial Corner: Texas court denies city challenge
Posted Date: Wednesday, December 21, 2016
The city of Austin, Texas, had its complaints about the fairness of the property appraisal system fall on deaf ears once again. Read on to learn more details about this case.
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Shortage of Washington appraisers means long hours
Posted Date: Wednesday, December 21, 2016
Housing demands have risen rapidly in Clark County, Washington, and across the United States, and the ever-shrinking ranks of real estate appraisers are juggling an increased workload, a recent report said. Read on to learn more.
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NAN hires new VP
Posted Date: Monday, December 19, 2016
Nationwide Appraisal Network announced that it has hired a new vice president of operations to the company. Read on to learn more about this appointment.
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November home sales decreasing
Posted Date: Monday, December 19, 2016
Ten-X released its latest Ten-X Residential Real Estate Nowcast, which indicates a slight decrease in November existing home sales. Read on to learn more from this report.
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Realty company names compliance manager
Posted Date: Wednesday, December 14, 2016
Trinity Real Estate Solutions has appointed a new compliance and quality manager. Read on to learn the identity of this individual and what expertise will be brought to the company to assist appraisal processes.
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NY county approves theme park appraisal
Posted Date: Wednesday, December 14, 2016
New York’s Essex County and its board of supervisors will be finding out how much its theme park Frontier Town should be appraised at. Read on to learn more.
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Commercial Corner: Firm’s appraisers discuss training, reports
Posted Date: Wednesday, December 14, 2016
Valuation Review reached out to commercial appraisers from Franklin Street Inc. about what valuators can do to enhance their commercial business. We spoke with Senior Analyst and Litigation Services Director George Kane and Senior Appraiser Rob Baird for their thoughts. Read on to learn what they had to say.
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ASA comments to TAF on Exposure Draft
Posted Date: Wednesday, December 14, 2016
The American Society of Appraisers, in conjunction with the Personal Property Committee, made its comments and concerns known regarding the Second Exposure Draft for the 2018-19 USPAP rules, by way of a letter addressed to Appraisal Standards Board Chairperson Maggie Hambleton and The Appraisal Foundation. Read on for details contained in this letter.
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Firm supports proposed valuation credential
Posted Date: Wednesday, December 14, 2016
In recognition of the importance of providing ongoing education within the valuation industry, Valuation Research Corp. announced it will support a new credential for valuators. Read on to learn more.
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Commercial Corner: Real estate firm adds two veterans
Posted Date: Wednesday, December 7, 2016
Franklin Street has added two experienced commercial real estate appraisers to its growing Valuation Advisory division. Read on to learn more about these new commercial hires.
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Associations welcome economic, trade agreement
Posted Date: Wednesday, December 7, 2016
The Appraisal Institute of Canada and The European Group of Valuers’ Associations said they welcomed the signature of the Comprehensive Economic and Trade Agreement between Canada and the European Union. Read on to learn more.
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Determining market value not ‘exact science’
Posted Date: Wednesday, December 7, 2016
There are a variety of factors to consider when placing value on property. Read on to hear what one Florida residential appraiser had to say about valuing homes.
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AMC exec argues case regarding negotiation for borrowers
Posted Date: Wednesday, December 7, 2016
There is a belief that AMCs should be negotiating rates with appraisers for the benefit of consumers instead of themselves. One company executive strongly believes that this is a topic that needs further discussion. Read on to hear what this individual is proposing.
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Protection for buyers, banks needed
Posted Date: Wednesday, December 7, 2016
A recent real estate appraisal performed by Platinum Appraisal LLC, of Pennsylvania, came in less than what a Realtor had valued the house at. But in the end, everything worked out for all parties concerned. Read on to learn more.
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Valuation company reports strong showing
Posted Date: Wednesday, November 30, 2016
Summit Valuations announced that early results from its analysis of 2016 company performance show a strong year for the firm and good prospects for 2017. Read on to learn more from this report.
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NY appraisal group expands
Posted Date: Wednesday, November 30, 2016
Nugent Appraisal Services is in an aggressive expansion mode that has added four additional service areas in the last year. Read on to learn more about the company’s latest moves.
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Report: Home value perception gap improving
Posted Date: Monday, November 28, 2016
Quicken Loans released its latest report showing appraisals of homeowners slightly exceeding appraisers’ opinions in October. Read on to learn more about the findings of this report.
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Subscribers: Download your free Appraisal Technology special report
Posted Date: Monday, November 21, 2016
Valuation Review's subscriber-exclusive 2016 Appraisal Technology special report examines how the appraisal industry continues to look to improve efficiency and turntimes, with technology at the heart of the work being done. That technology may be software or data used in reports, programs that file appraisals to Collateral Underwriter and the FHA's Electronic Appraisal Delivery system, or apps to keep appraisers in touch with their clients when they're on the move. This 12-page special report looks into key areas helping the appraisers of today prepare for the reports that will be due tomorrow.
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Kansas appraiser discusses ag trends
Posted Date: Monday, November 21, 2016
After spending 40 years in the agricultural lending business, a Kansas appraiser realizes he can’t predict the future when it comes to banking and real estate. Read on to learn more.
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Tools for valuation analysts to consider
Posted Date: Monday, November 21, 2016
Appraiser R. Wayne Pugh is an expert on technology in the appraisal space, and took the time to outline for Valuation Review many cool technology tools for the appraiser. Read on to learn more about some of the ways you can improve your business through technology, and read more from Wayne in our subscriber-exclusive Appraiser Technology special report released today.
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Tennessee regulator joins Dart Appraisal
Posted Date: Monday, November 21, 2016
Dart Appraisal announced that Nikole Avers, former executive director of the Tennessee Real Estate Appraiser Commission, has joined the company as a review appraiser. Read on to learn more.
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ABA responds to Exposure Draft proposals
Posted Date: Monday, November 21, 2016
The debate on whether or not there is or is not an appraisal shortage continues to heat up. The American Bankers Association has made appraiser shortage a priority issue and recently submitted comments and concerns regarding this issue and others to the Appraiser Qualifications Board in response to the proposed changes in the Second Exposure Draft of Proposed Changes to the Real Property Appraiser Qualification Criteria by The Appraisal Foundation. Read on to learn more.
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