Appraiser News

The Appraisal Foundation (TAF) President David Bunton on Friday raised concerns about the action taken by the National Credit Union Administration (NCUA).

The NCUA quadrupled the threshold for commercial transactions requiring an appraisal from $250,000 to $1 million, according to a press release from TAF.

Read on to learn more.

Fannie Mae recently released a set of FAQs on waiver eligibility changes. Among the findings is that, effective June 22, the borrower name no longer needs to match the name on a prior appraisal for a refinance transaction to be eligible for an appraisal waiver offer. Read on for a listing of questions and answers to guide appraisers.

LRES Corp. has promoted Molly Merchant to senior director of REO asset management. Read on to find out more about Merchant and what her specific duties with LRES will be.

The Credit Union National Association (CUNA) President and CEO Jim Nussle penned a letter to the ranking members from the House Financial Services Subcommittee on Housing, Community Development and Insurance, commending them for taking an important step in governing appraisers as outlined in The Homebuyer Assistance Act of 2019. Read on to find more of what CUNA had to say in its letter.

CoreLogic announced that its Board of Directors has expanded the size of the board from 11 directors to 12 by electing banking, housing finance and public policy leader J. Michael Shepherd to the board, effective June 21, 2019. Read on to learn more about this appointment.

In Part II of this story, Valuation Review continues to examine testimony from the presidents of the Appraisal Institute (AI) and The Appraisal Foundation (TAF).

Both organizations encouraged Congress to act on valuation topics during a recent hearing on Capitol Hill.

Read the conclusion for more of what the leaders from these two organizations had to say.

SLK Global Solutions said it has hired Shannon Cobb as the new leader of its title and tax business. In his role as executive vice president, Cobb will oversee the strategic direction and expansion of the company's title insurance services. Read on to learn more.

The Federal Housing Administration (FHA) will conduct a free appraisal training session in Santa Ana, Calif., on July 24. This training is intended primarily for seasoned FHA appraisers, appraisers new to the FHA Appraiser Roster, and those working toward appraiser licensing. Read on for registration information.

The appraisal profession goes to Washington.

The presidents of the Appraisal Institute (AI) and The Appraisal Foundation (TAF) encouraged Congress to act on valuation topics during a recent hearing on Capitol Hill.

Read on to learn what both organizations’ presidents had to say by way of direct/written testimony.

International Valuation Standards Committee (IVSC) Chairman Sir David Tweedie will headline as keynote speaker at the American Society of Appraisers (ASA) annual conference in August.

The ASA did a Q&A with Tweedie, which included some predictions for significant future changes, and how adoption of the standards will impact appraisers in the U.S.

Read on to learn more.