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Are AMCs holding appraisers captive?
Posted Date: Monday, September 11, 2017
It should come as no surprise that the majority of appraisers share the opinion that AMCs are hurting the valuation profession.
One individual doesn’t mince any words as to how he feels about the usefulness of AMCs.
Valuation Review contacted this person who shared his thoughts as to why appraisers may find it difficult to find success with AMCs constantly looking over their shoulders with heavy demands.
Read on to find out who this person is and what he told us.
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Who and what is the industry trying to regulate?
Posted Date: Wednesday, September 13, 2017
Florida Real Estate Appraiser and former state regulator Matthew Simmons spoke to Valuation Review about the current situation the appraisal profession finds itself in regarding customary and reasonable fees.
Simmons also addressed independence and state regulatory policies aimed at clarifying just what AMCs can and cannot do.
Read on to find out more of what he shared with us.
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AI providing help for Harvey victims
Posted Date: Monday, September 11, 2017
The natural disaster known as Hurricane Harvey, which recently hit Texas, has completely devastated home and business properties throughout the state, in particular the city of Houston.
As the residents, homeowners and business people look to put the pieces of their lives back together, the Appraisal Institute’s Relief Foundation is stepping up to help.
Read on for more details and find out how you can contact the organization to get answers and financial assistance in the wake of this crisis.
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Greystone welcomes new Atlanta director
Posted Date: Monday, September 11, 2017
Greystone announced Michael Doran has joined the company as a managing director working with the agency’s lending team. Read on to learn more about this real estate company’s hire.
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Pennsylvania appraiser indicted on fraud
Posted Date: Wednesday, September 27, 2017
A Blue Bell, Pa., appraiser was indicted for carrying out an alleged scheme.
The alleged scheme dealt with defrauding the federal government by providing inflated appraisals of properties seeking to obtain Home Equity Conversion Mortgages.
Read on for more details about this case.
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Black Knight launches mortgage, housing market index
Posted Date: Monday, September 11, 2017
The Data & Analytics division of Black Knight Financial Services has introduced the Black Knight Index Suite, a series of indices designed to provide insights into the housing and mortgage markets with comprehensive depth, coverage and currency. Read on to find out more.
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CoreLogic: Single-family mortgage originations show increase
Posted Date: Wednesday, September 13, 2017
According to CoreLogic, the dollar volume of all mortgages – purchase and refinance combined – originated in 2016 was nearly $2 trillion, a 15 percent increase over the 2015. Read on for more information from this report.
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Study: FSBOs sell for less than broker sales
Posted Date: Monday, September 18, 2017
Collateral Analytics Research team’s new study shows that homeowners who sell their own homes generally give up about a 5-to-7 percent discount compared with sellers who use a broker. Read on for more information.
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New face joins Mortgage Network
Posted Date: Monday, September 18, 2017
Mortgage Network Inc. announced that Jeffrey Chalmers has joined the company as a sales manager serving the Massachusetts region. Read on to learn more about this new hire.
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Freddie outlines August findings
Posted Date: Monday, September 18, 2017
Freddie Mac released its monthly report for August.
The report takes a look at how the limited supply of houses has created a highly competitive housing market.
Read on for more details from this report.
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KeyStoneB2B unveils new appraisal product
Posted Date: Monday, September 11, 2017
KeyStoneB2B announced a new product for residential appraisals and commercial valuations that will speed the mortgage lending process. Read on for more details.
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Should appraisers fear for their jobs?
Posted Date: Monday, October 16, 2017
In Part II of this story, Valuation Review continues its dialogue with Dustin Harris.
Harris, also known as “The Appraiser Coach,” discusses topics regarding what advanced technology will mean for the future of the appraisal industry.
Read on to find out more.
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ASC letter discusses policy statement revisions
Posted Date: Monday, October 16, 2017
The Appraisal Subcommittee of the Federal Financial Institutions Examination Council published revisions in the Federal Register.
The letter encourages comment on a proposal to revise ASC Policy Statements, according to a letter written by Appraisal Subcommittee Executive Director James R. Park.
Read on to learn more.
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HouseCanary announces modeling program for appraisal software
Posted Date: Monday, October 16, 2017
HouseCanary announced the release of the industry’s most robust regression modeling program built directly into HouseCanary's appraisal software, empowering residential appraisers to easily make data-driven adjustments. Read on for more details.
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Company launches new mobile appraiser product
Posted Date: Monday, October 16, 2017
iLOOKABOUT Corp. announced it has launched its newest product, the GeoViewport Mobile Appraiser, at the opening of the International Association of Assessing Officers 2017 Conference held in Las Vegas, Nev. Read on for more details about this product for appraisers.
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Reviewer outlines basic steps when looking at reports
Posted Date: Wednesday, October 11, 2017
Valuation Review continues its conversation with Kathy Kocour.
Kocour, an appraisal reviewer, discusses more ways one can become a better reviewer of appraisals.
Read Part II of this feature for more insight.
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Commercial Corner: Bright outlook remains despite price plateau
Posted Date: Wednesday, October 11, 2017
Commercial real estate price growth in large markets is expected to flatten over the next year.
But strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors forecast.
Read on to learn more from this report.
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TAF delivers new version for Yellow Book
Posted Date: Wednesday, October 11, 2017
The Appraisal Foundation, in cooperation with the U.S. Department of Justice, has published a new version of the sixth edition of the Uniform Appraisal Standards for Federal Land Acquisitions, known as the “Yellow Book.” Read on for more details.
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Man versus machine: Who wins in the end?
Posted Date: Monday, October 9, 2017
Valuation Review continues its conversation with an assistant professor of real estate development.
This educator believes the days an appraiser is actually inspecting properties physically may be numbered.
Read Part II of this story to find out more.
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Data availability, proving adjustments go hand-in-hand
Posted Date: Monday, October 9, 2017
Appraisers know they need to support their adjustments.
But how much support is enough? Does every appraisal require the same “standard of proof?”
In Part II of this feature story, Valuation Review continues its conversation with an 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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HouseCanary announces major funding
Posted Date: Monday, October 9, 2017
HouseCanary announced it has closed a $31 million series B funding round, bringing the company's total funding to $64 million to date for investment groups. Read on to learn more about this financial endeavor.
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Clarocity announces contract extension with USDA
Posted Date: Monday, October 9, 2017
Clarocity Valuation Services announced that it has been awarded a one-year contract extension for a blanket purchase agreement, providing Turnkey Nationwide Appraisal Services to the United States Department of Agriculture. Read on to learn more.
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RERC hires co-leaders for valuation group
Posted Date: Monday, October 9, 2017
Situs announced that its wholly owned subsidiary, Situs RERC, has hired new individuals to fulfill leadership roles within the company. Read on to find out who these new team members are.
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Conference: ASA joint sessions providing variety
Posted Date: Wednesday, October 4, 2017
Houston’s Hilton Americas Hotel will be the site of the 2017 American Society of Appraisers’ Advanced Business Valuation and International Appraisers joint conferences.
Valuation Review will be in attendance for the event this weekend.
Read on for a brief introduction.
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Report: Homeowners still too optimistic on value
Posted Date: Wednesday, October 4, 2017
Appraisals continued to fall behind homeowner expectations.
The August report, though, shows the homeowners still value their properties at a higher number than the findings of the appraiser.
The difference of opinion, however, between appraiser and owner, narrowed, according to a report from the Quicken Loans’ National Home Price Perception Index report.
Read on to learn more about what the report says.
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Greystone adds two managing directors to team
Posted Date: Wednesday, October 4, 2017
Greystone announced it has added two managing directors to the Commercial Mortgage-Backed Security lending group. Read on to find out who is joining the team and what expertise they bring to the company.
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