News By Edition

At the 2019 Appraisal Institute Annual Conference in Denver, Valuation Review sat down with Appraisal Institute (AI) President Stephen S. Wagner,.

Wagner shared with us much insight about the appraisal industry, and what AI presents before appraisers to guide them along the path of their chosen career.

Read on to find out what he told us from the conference.

In June, the Appraisal Subcommittee received a request for a temporary waiver request from the state of North Dakota, the North Dakota Department of Financial Institutions and the North Dakota Bankers Association regarding appraiser certification or licensing requirements.

That waiver has been granted.

Read on to learn more.

Valuation Review has written many stories involving sources who are very particular about what identifying group label is used when referring to those conducting appraisals.

As to which term describes appraisers and what they do, is it an industry or a profession? One veteran appraiser recently addressed this subject by way of one of his podcasts, and we reached out to him for his thoughts.

Read on to find out what was shared with us. 

The demand for agricultural appraisals is not growing.

As agricultural operations grow in both size and scope, appraisal assignments are becoming more complex.

This is what Yankee Farm Credit Appraisal Services Vice President Bob Hostetter believes, and Valuation Review sat down with him to discuss this and other matters at a recent conference.

Valuation Review reached out to Allterra Group’s Karen Connolly, Vice President of Operations, for tips to help appraisers running their own business.

She looked at the many aspects of small-business ownership.

Read on to find out more of what Connolly told us.

The Appraisal Institute (AI) elected Pledger M. (Jody) Bishop III, of Mount Pleasant, S.C., as the 2020 vice president.

The announcements was made official by the AI Board of Directors in Denver.

Read on to learn more and hear what the newly elected official had to say.

Appraisal Logistic Solutions announced the addition of Mark Tague to serve as vice president of sales with Dennis Ashcroft being promoted to executive vice president of sales, effective immediately. Read on to find out more about these individuals and what their new assignments mean for the appraisal company.

A state certified tax appraiser from Bannock County in Idaho, hired last year to conduct local property assessments, has filed a civil suit against the county, its three commissioners and the assessor claiming a breach of contract. Read on to learn more.

The American Bankers Association joined the Mortgage Bankers Association in a comment letter to the Department of Housing and Urban Development (HUD).

The organizations offered feedback on the Federal Housing Administration’s single-family loan sale program.

Read on to find out what the organizations outlined in the comment letter.

The Federal Housing Administration (FHA) previously announced that it will delay compliance for digital signatures in its Electronic Appraisal Delivery (EAD) system, which originally was set to take effect Aug. 5.

Valuation Review reached out to FHA Home Valuation Policy Division’s Acting Director Erica Jessup, who offered more insight regarding this decision.

Read on to learn more.

Valuation Review concludes its story from the 2019 Appraisal Institute conference in Denver about Green properties.

Experts in the industry discussed what appraisers need to know before accepting these types of assignments.

Read Part II of this story to hear more of what the panel of experts had to say.

The Appraisal Institute conducted a four-hour classroom seminar on artificial intelligence, automated valuation models and Blockchain recently in Denver. Read on for more details and to register for a future seminar.

According to the July Origination Insight Report from Ellie Mae, the 30-year note rate dropped for the seventh straight month to 4.18 percent, down from 4.40 percent in June. The dramatic drop in interest rates has led to a significant increase in refinances. Read on to learn more.

The Federal Housing Administration (FHA) will conduct a free appraisal training session in Chicago on Sept. 17. This training is targeted primarily to appraisers and underwriters; however, other industry professionals may also benefit from attending, the FHA announced.  Read on to learn more and register for this event.

Valuation Review concludes its story from the 2019 Appraisal Institute conference in Denver, where a panel gave more insight to appraisal review theories.

More was discussed in pertaining to relational value concepts supporting validation processes.

Read Part II for the conclusion.

Valuation Review hosted a 60-minute webinar titled “Drones: New Rules, New Opportunities.”

Panelists Lamar Ellis and Erin Stackley outlined specific guidelines for appraisers utilizing drones in their assignments.

Read on for a brief overview of what our experts shared with the audience and find out how you can order your audio copy of this live event.

Exceleras released a scheduled software update to its DispoSolutions REO software. The updated functionality increases user ability to create and manage custom tasks, making the application more flexible and configurable to meet changing user needs. Read on to learn more.

In Part II of this story, Valuation Review concludes its interview with Yankee Farm Credit Appraisal Services Vice President Bob Hostetter.

He continues to share more responsibilities associated with rural/agricultural appraisers.

Read on for the conclusion.

The average home appraisal in July came in an average of 0.63 percent lower than owners’ estimates, according to Quicken Loans’ National Home Price Perceptions Index.

This is the third consecutive month of a tightening gap between the two data points.

Read on to learn more from this monthly report.

LoanLogics now is the technology provider behind Freddie Mac’s new tool, Freddie Automated Servicing TransferSM, which streamlines the transfer of mortgage servicing rights for Freddie Mac’s Cash-Released XChangeSM. Read on to learn more. 

New Capital Partners (NCP) has partnered with Pompano Beach, Fla.-based ARMCO, the leader in web-based quality assurance software for the financial services industry. Read on to learn more.

A significant proportion of applications for non-qualified mortgages (non-QM) are prevented from receiving approval as a result of straightforward administrative issues, according to data from Computershare Loan Services. Read on for more from this report.