Join us on LinkedIn Follow us on Twitter Like us on Facebook Follow us on Instagram
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation4

Appraiser News

Appraisers make their lists, checking it twice

Email A Friend Printer Friendly Version
0 comments
Appraiser News
Wednesday, December 22, 2021

Once again, it is that time of the year to ask appraisers what their ideal gift from Santa Claus is. In just two days, everyone will discover what has been placed both underneath the holiday tree, and inside the stocking.

Appraisers and organizations were kind enough to reveal what they’re hoping for this year.

“The Appraisal Foundation (TAF) hopes that 2022 will bring reports from the PAVE Task Force and ASC Review that contain impartial recommendations which the foundation can put into action,” TAF President David Bunton told Valuation Review. “We also hope to continue to foster good working relationships and cultivate a place for collaboration for a diverse group of stakeholders.”

National Association of Appraisers’ Teresa Walker just had one item to request from that jolly man in the red suit, which is universal state approval of the model PAREA (Practical Application of Real Estate Appraisal).

“Every year, I wish for the same thing from Santa,” Dustin Harris (“The Appraiser Coach”) said. “Every year, sadly, it becomes more painfully obvious that either Santa doesn't exist, or he hates me. If I could get one thing for Christmas this year, it would be that all appraisal clients trust the appraiser again. It used to be that the appraiser was hired for his or her expertise, wisdom, knowledge, and abilities to make the right valuation decisions.

“Anymore, the client wants to direct the appraiser, rather than the appraiser being able to make decisions that best fit the scope of work,” Harris added. “It’s the appraiser who should decide if original comp photos are necessary to the assignment, if the signing appraiser is needed at the inspection, if the cost approach should be included in the report, etc. I long for Christmases past when these decisions were made by the valuation professional and not by arbitrary regulations.”

This year’s gift wish for the staff at Class Valuation is for everyone to embrace technology and innovation in appraising to modernize the industry.

“As we go into 2022 where the desktop appraisal will be implemented into GSE policy, a reminder that a complete visual inspection of the property is not required by USPAP but has been an assignment condition for as long as most of us can remember,” the team at Class Valuation told us. “Technology, it’s the gift that keeps on giving. Over the years the appraisal industry has seen technology launch it forward. From typewriters to personal computers and mobile devices; tape measures to laser devices; film to digital cameras; calculators to Excel to online applications that do much of the calculation and data entry for you—all of these to improve efficiencies and accuracy in our profession.”

Class Valuation reminds all appraisers that 3D data-rich property scans can replace 2D flat digital images collected by an appraiser, not to replace appraisers, but to make them stronger.

“For the holidays this year, I’d like to see a more diverse group of individuals than ever learn about the valuation profession, and ultimately choose a career in appraisal,” Appraisal Institute President Rodman Schley said. “This profession has been such an incredible gift to my family and me and I very much want others to experience that as well. In this season of gratitude, I’m thankful to Chase, Fannie Mae, Freddie Mac and the National Urban League for our ongoing collaboration with the Appraiser Diversity Initiative.”

Accurate Group Chief Appraiser Tony Pistilli said if he could have one present this holiday season, it would be a gift box delivered to every appraiser across our great nation filled with the following “presents:

  • Ten new clients.
  • One new trainee.
  • Doses of USPAP Advisory Opinion #2.
  • Revision-free appraisals for one week.
  • Rain-free days for one week.
  • Free background checks.
  • One hybrid/desktop assignment a day.
  • And following the above-mentioned present, three days off a week.
  • “Mind openers” for new technology and processes.
  • And last, but not least, he said, (“drum roll please”) a lidar measuring device.

“But most of all, I wish every appraiser health and happiness this holiday season and the most prosperous New Year in 2022,” Pistilli said.

 

Today's other top stories
A conversation with Craig Steinley, 2023 AI president
Veteran appraiser offers business advice
Webinar panelists address possible changes for appraisers
Accurate Group hires chief appraiser
HUD announces new fair housing rule


COMMENT BOX DISCLAIMER:
October Research is not responsible for the comments posted on its websites by readers. We will do our best to remove comments that include profanity or personal attacks or other inappropriate comments.
Comments:

Be the first to leave a comment.

Leave your comment
CAPTCHA Validation
CAPTCHA
Code:
: 
: 
Your Email is for reporting purposes only. It will NOT be displayed.
Popularity:
This article has been viewed 1255 times.
A Twitter List by ValuationReview

Print Edition - February 6, 2023

News by Topic   Special Reports   Events   Subscribe
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
 
 
2023 State of the Industry
2022 Appraisal Technology
Voice of the Appraiser
Finding and Training the Next Generation
Appraising in a New Environment
Green Appraisals
Archives
 
National Settlement Services Summit (NS3)
Women's Leadership Summit (WLS)
Webinars
 
Subscriptions
Free Email Updates
Try a Free Edition
News by Edition   About   Other Publications    
December 12, 2022
January 9, 2023
January 23, 2023
February 6, 2023
Archives
 
Valuation Review
Contact / Editors
Social Media
Advertise
Are You An Expert?
Subscriber Agreement
 
Dodd Frank Update
RESPA News
The Title Report
The Legal Description
   
Copyright © 2002-2023 Valuation Review
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.valuationreview.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Dodd Frank Update
> RESPA News
> The Title Report
> The Legal Description
> The October Store
Loading... Loading...
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
SPECIAL REPORTS
EVENTS
RESOURCES
FREE EMAIL UPDATES
ABOUT
SUBSCRIBE
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
Sponsored Content
Current Edition
January 9, 2023
December 12, 2022
November 28, 2022
November 14, 2022
Archives
2023 State of the Industry
2022 Voice of the Appraiser
Appraisal Technology
Real Estate Compliance Outlook
Best Practices
Finding & Training the Next Gen
Archives
National Settlement
Services Summit (NS3)
Women's Leadership
Summit (WLS)
Webinars
2023 Economic Forecast Series
Compliance Series
Manufactured Housing
Appraising Office Space Today
CFPB Unconstitutionally funded?
Eminent Domain
Move to ANSI Standards
Keys For Operational Efficiency
New DEI Regulations
Drones Do's and Don'ts
How to be an Expert Witness
Webinar Archives
Executive Interview Series
Social Media
Valuation Review
Contact Us
Advertise
Are You An Expert
Subscriber Agreement