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The role of AMCs: Separating myth from fact
Posted Date: Monday, October 15, 2018
What don’t appraisers really know about appraisal management companies (AMCs) and their roles in the appraisal process, and more importantly, what actual fees they are taking for assignments?
What other areas of misconception exist?
Valuation Review spoke with two executives from an AMC for clarification on the facts, and what are truly fictitious notions.
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Agencies respond with FAQs about appraisals, evaluations
Posted Date: Wednesday, October 24, 2018
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation published answers to frequently asked questions (FAQs) concerning appraisals and evaluations.
These are for real estate transactions that are covered by the interagency appraisal rules.
Read on to learn more about the first update to their FAQs since 2005.
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AI outlines state legislation concerning evaluations
Posted Date: Wednesday, October 3, 2018
At the 2018 Appraisal Institute (AI) conference in Nashville, Tenn., AI State/Industry Affairs (Washington) Manager Scott DiBiasio discussed state plans regarding evaluations.
He outlined how each state defines an evaluation providing guidance for appraisers.
Read on to find out what DiBiasio told us and view a breakdown of requirements by the selected states discussed in the presentation.
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Appraiser finds litigation work ‘challenging’
Posted Date: Monday, November 5, 2018
Appraisers constantly are seeking ways to better their businesses. The key to achieving that, though, might be making the decision to specify one’s area of expertise.
The legal side of appraising, according to Steve Crosson, national practice leader of the Integra Litigation Practice Group of Integra Realty Resources, and a co-founder of Crosson-Dannis, Inc., is an under-served area of the appraisal profession where opportunities can be found.
Valuation Review spoke with Crosson about how one can thrive in this area.
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Veros product projects where top markets will be in 12 months
Posted Date: Monday, October 29, 2018
Veros Real Estate Solutions released its third quarter 2018 VeroFORECAST.
The report comes complete with predictions of how property values in metropolitan statistical areas across the nation will fare between Sept. 1, 2018 and Sept. 1, 2019.
Read on to learn more.
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A new property tax tool that incorporates appraisal data
Posted Date: Monday, October 22, 2018
Earlier, Valuation Review introduced readers to the integration of geospatial and appraisal data validation into the parcel identification process by CoreLogic.
We then reached out to Kirk Randlett, a member of the Tax Reporting and Payments Solutions Group at CoreLogic to understand how this new technology can be utilized in the valuation industry.
Read on to find out what we learned.
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CoreLogic speaks to a ‘suite’ deal-Part II
Posted Date: Monday, November 19, 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 continues its conversation with CoreLogic executive Ann Regan, who gives more details on this technology and how it impacts the industry. Read Part II to learn more.
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FHA announces streamlined requirements in HECM
Posted Date: Monday, November 19, 2018
The Federal Housing Administration (FHA) announced revised requirements for Home Equity Conversion Mortgage (HECM) servicers when they assign FHA-insured reverse mortgages to the agency for claim payment. Read on to learn more.
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ASA announces nomination information for 2019-20
Posted Date: Monday, November 19, 2018
The American Society of Appraisers’ (ASA) International Nominating and Awards Committee is seeking nominations for ASA Secretary/Treasurer for 2019-20. Nominations also are being accepted for the Lifetime Achievement Award and Honorary Membership. Read on to learn more about these positions, as well, as nomination information.
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News veteran joins marketing agency
Posted Date: Monday, November 19, 2018
Strategic Vantage announced the hiring of a mortgage media specialist, who will be a critical liaison to the press, ensuring the effective communication of client initiatives. Read on to find who has been given this responsibility.
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Clarity among Second Exposure Draft proposals-Part II
Posted Date: Wednesday, November 14, 2018
The Appraisal Standards Board (ASB) of The Appraisal Foundation (TAF) held its Public Meeting recently in Washington, D.C. to discuss the Second Exposure Draft’s Proposed Changes to USPAP.
Valuation Review continues its conversation with TAF Appraisal Issues Director John Brenan, who outlined more proposed changes, as well as some news pertaining to the Board Advisory Opinion in relationship to guidance for appraisers.
Read Part II of this story to find out more.
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Blockchain brings reliability to appraisers-Part II
Posted Date: Wednesday, November 14, 2018
Blockchain technology will provide validation saving appraisers time creating a more steady workflow.
In Part II of this story, Valuation Review continues its conversation with Ernie Durbin, chief valuation officer at Clarocity, for more insight to this intriguing industry topic.
Read on to learn more.
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Technology company integrates ID verification
Posted Date: Wednesday, November 14, 2018
Sagent Lending Technologies announced the integration of Cross Check from Innovis Data Solutions into its Auto Loan Origination System, increasing lender protections against fraud. Read on to learn more.
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Arizona real estate investors getting help with loans
Posted Date: Wednesday, November 14, 2018
In Arizona, and many other states, hard-money loans are a means of financing a real estate purchase or development without many of the procedural hurdles associated with bank loans. Private businesses and investors offer hard-money loans on a shorter period, but with higher interest rates and other expenses. One firm is providing such loan assistance. Read on to find out who, and what the process is that is making a difference with investors.
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Complex properties most interesting, appraiser says-Part II
Posted Date: Wednesday, November 7, 2018
Veteran appraiser Steve Crosson has been an expert witness in cases from bankruptcy through value diminution. But he told Valuation Review his most enjoyable work comes by way of complex cases.
“I really enjoy working in federal courts wherein the judge has extraordinary power in intervening in arguments by both sides,” Crosson said.
Read on for part two of our interview to learn what else the national practice leader of the Integra Litigation Practice Group of Integra Realty Resources shared with us about being an appraisal witness.
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CoreLogic to acquire Symbility Solutions
Posted Date: Wednesday, November 7, 2018
There is another acquisition to announce pertaining to the valuation industry.
CoreLogic announced it will acquire the outstanding shares of Symbililty Solutions Inc., not already owned by CoreLogic. CoreLogic currently holds a 28 percent ownership interest in Symbility.
Read on to learn more about this acquisition.
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ASA senior appraiser brings strength to advisory services
Posted Date: Wednesday, November 7, 2018
Jet Support Services, Inc. (JSSI) has acquired assets of S3 Aero Specialists. As a result of the acquisition, an American Society of Appraisers member will assume the role of director for JSSI. Read on to learn more.
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AI: Green home improvements can ‘pay’ off
Posted Date: Monday, November 5, 2018
The Appraisal Institute (AI) is encouraging home sellers to consider making energy-efficient improvements to their properties.
AI has urged potential buyers to seek homes with those features.
Read on to find out more of what is being recommended.
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More Veros market projections-Part II
Posted Date: Monday, November 5, 2018
Veros Real Estate Solutions released its third quarter 2018 VeroFORECAST, with predictions.
The report showed how property values in metropolitan statistical areas across the nation will fare between Sept. 1, 2018 and Sept. 1, 2019.
Read Part II for more numbers and predictions from Veros.
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LoanLogics enhances investor, lender module
Posted Date: Monday, November 5, 2018
LoanLogics announced it has enhanced its LoanHD Investor Module for Correspondent Loan Acquisition by expanding the mandatory loan commitment options and adding direct trade capabilities, improving the ability of both investors and sellers to lower costs and enhance profitability. Read on to find out more details.
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Real estate brand launches luxury home website
Posted Date: Monday, November 5, 2018
Long & Foster/Christie’s International Real Estate has invested in an all-new luxury website. The site creates an online experience for the real estate brokerage’s luxury clientele and makes it easier for consumers
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ListGlobally, BDX announce partnership
Posted Date: Monday, November 5, 2018
ListGlobally announced a partnership with BDX. The partnership will provide 100,000 new home listings to a global audience of more than 216 million consumers across 60 countries through ListGlobally’s network of property portals. Read on to learn more.
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