News By Edition

John Moran Auctioneers has a new jewelry team led by director Tom Burstein and Peggy Gottlieb, senior specialist to the Jewelry & Watches department and former ASA member.

Valuation Review sat down with Burstein, who shared his decades of experience regarding this specific area of valuation.

Read on to find out what Burstein shared with us.

Valuation Review caught up with appraiser George Paquette, who recently accepted the position of chief operating officer at Valligent, a Veros Software company.

Paquette previously served in the capacity of chief appraiser for SettlementOne.

Read on for the full conversation.

For this month’s advice for appraisers from Dustin Harris, “The Appraiser Coach,” Harris notes how the clothes can truly “make the man (person).”

He also references in his blog that a clean inbox can make all the difference in one’s daily duties.

Read on for more appraiser tips. 

Kidder Mathews is growing its valuation advisory group.

The company announced a new senior vice president in its Seattle firm and a new executive vice president of Kidder Mathews Valuation Advisory Services companywide.

Read on for more details.

Tiger Group, which specializes in a variety of asset dispositions and commercial valuations, has expanded its offering for asset-based lenders by hiring two industry veterans with decades of combined experience in field examinations and related services.

The Tarrant Appraisal District in Texas is turning over data to an outside technology firm, which will determine whether any taxpayer’s personal information was stolen in a possible breach, according to a Dallas TV station.

JLL’s value and risk advisory platform recently announced it has hired a zoning department, project management director for the Americas.

She will focus on expanding the zoning line of services and lead the day-to-day operations of the zoning team.

Read on for more details.

Fannie Mae, in its September Newsletter, provided tips to state regulatory agencies when it finds appraisals with severe deficiencies. Fannie Mae’s goal is to give states actionable information to help improve the quality of appraisers and appraisals.

Recently, Black Knight, now a part of Intercontinental Exchange, announced the release of its latest Originations Market Monitor report, looking at mortgage activity through August month-end.

Valuation Review was at the 2023 Valuation Expo conference in Las Vegas where Bradford Technologies CEO Jeff Bradford outlined specific changes that will occur in real estate appraising.

The profession will look different in 2025 with modernization in full swing, according to Bradford.

So, what is the future of real estate appraising?

CAPE Analytics, the provider of AI-powered property intelligence, has unveiled a new, AI-powered, automated property condition report. The new report features instantly accessible property condition insights that can be easily integrated into existing valuation workflows to improve decisioning and efficiency. 

Pliable, an AI-powered SaaS platform that simplifies organizing and leveraging data without an engineer, launched out of stealth with a $2.5 million seed round. This funding will help Pliable expand its team and platform to create a single source of truth for anyone to streamline their data processes.

Recently, Black Knight, now a part of Intercontinental Exchange, announced that Mission Federal Credit Union, a credit union based in San Diego, Calif., signed a contract to use the MSP loan servicing system. Mission Federal Credit Union will also use the Black Knight Collections solution.

Valuation Review concludes its conversation with Alex Todak, owner and executive vice president of Kairos Appraisal Services, who shared his thoughts on the impact artificial intelligence (AI) will have within the appraisal profession.

Todak speaks to the confidence level and trust associated with AI data.

Read on for the conclusion of this story.

Veros Real Estate Solutions’ 2023 Q3 VeroFORECAST anticipates home prices are expected to increase on average 2.2 percent over the next 12 months.

This is up from last quarter’s forecast of 1.7 percent increase, indicative of a steady market.

Read on for more analysis.

CoreLogic released the Homeowner Equity Report for the second quarter of 2023 in September.

The report shows that homeowners with mortgages saw home equity decrease by 1.7 percent year-over-year, representing a collective loss of $287.6 billion and an average loss of $8,300 per borrower since the second quarter of 2022.

Read on to learn more.

The National Association of Real Estate Brokers strongly supports the Federal Housing Finance Agency’s proposed rule strengthening and codifying the equitable housing finance plans submitted by Fannie Mae and Freddie Mac and the agency’s other measures addressing racial disparities in homeownership.

Aloft, a technology provider in the real estate appraisal industry, recently announced the launch of its cutting-edge product, Appraiser Toolkit. This plans to be a “robust” solution for today’s appraisers.