Appraiser News

Recently, Valuation Review told its readers about the new assignment of appraiser Tony Pistilli, who now serves as general manager of valuations for Restb.ai.

We caught up with Pistilli, who shared more information about his new assignment and his thoughts about the current status of the appraisal profession.

Read on for the full conversation with this industry veteran.

Peter Christensen, owner of Christensen Law-Valuation Legal, shared more legal insight with Valuation Review about what appraisers should know.

Christensen outlined specifics dealing with the statute of limitations for a lawsuit against an appraiser.

Read on to find out what the legal expert had to say.

Property appraisers in Idaho County, Idaho, are facing increasing risks from people who are noncooperative and will not allow appraisers on their property.

The Idaho County Assessor’s office reported that staff has faced “potentially dangerous situations” from landowners.

Read on to learn more.

On June 1, the Consumer Financial Protection Bureau, along with five other agencies, invited comment on a proposed rule to implement the quality control standards mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act for the use of automated valuation models by mortgage originators and secondary market issuers in determining the collateral worth of a mortgage secured by a consumer’s principal dwelling. The focus is on homeowners who may be concerned about a technology model alone determining the value of their house.

Dustin Harris, “The Appraiser Coach,” highlights two key mindsets of business for the month of June.

Harris speaks to appraisers from his blogs “Who Are You Surrounding Yourself With?” and “Do What You Love and Love What You Do.”

Read on for more tips from the "coach."

Valuation Review reached out to Freddie Mac Single-Family Chief Appraiser Scott Reuter, who shared some facts about the government-sponsored enterprises’ (GSE) ACE+ PDR (automated collateral evaluation plus property data report) offering.

Reuter answered several FAQs about loan eligibility as it relates to Freddie Mac’s guidelines.

Read on for the full conversation.

On May 18, the Appraisal Institute (AI) announced the Appraiser Qualifications Board has provided approval of AI’s Practical Applications of Real Estate Appraisal (PAREA) program for the licensed residential path. The Appraisal Foundation’s Board of Trustees awarded the Pathway to Success Grant to the Appraisal Institute to assist with the development of the PAREA program.

Effective June 29, Freddie Mac’s Loan Collateral Advisor will include new feedback messages to alert users when certain prohibited, subjective or potentially biased words or phrases are included in appraisal reports submitted through the Uniform Collateral Data Portal. This insight is intended to help users identify potential issues and to assist in compliance with Freddie Mac Single-Family Seller/Servicer Guide requirements.

In support of Veros Real Estate Solutions’ goal to strengthen brand awareness and further penetrate the financial services and real estate markets by offering enterprise risk management and property valuation services, the company has announced a key hire.

The American Society of Association Executives (ASAE) announced the International Association of Assessing Officers recognized its executive director as one of five association leaders selected for the ASAE’s 2023 class of Fellows.