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Celebrate Appraisers Independence, Not yet!!!

Thursday, July 2, 2009

by Bryan S. Reynolds, AQB Certified USPAP Instructor

The 4th of July is around the corner and millions of Americans will celebrate their Independence however should the appraiser be celebrating their appraiser independence as a result of the HVCC or any other pending or proposed legislation?  Although the number of requests to “hit the number” may be fading, appraisers are certainly shackled by the client dictating requirements many of which are unreasonable and unfounded.  Yet when clients demand appraisers to jump it appears many appraisers typical response is How High?

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Interview with Fred Holtsberry

Monday, June 29, 2009

Fred Holtsberry is the owner of Mid-Ohio Appraisal Services, a small appraisal firm in the central-Ohio region.

BUZZ: Fred, as an appraiser, tell me what negative impact HVCC has had on your business?

The only noticeable impact of the HVCC, thus far, has been a significant increase in the number of solicitations to join the rosters of Appraisal Management Companies (AMCs). Since our best clients moved their appraisal fulfillment functions over to AMCs over the past three years, there was no apparent impact on our order volume or client mix.

BUZZ: Has HVCC had any positive impact on the appraisal community?

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The Latest Buzz About Valuation 2009

Thursday, June 25, 2009

Who moved my cheese?   And, what’s that got to do with a bus tour?

You may have read this book. It’s the story of four characters living in a "Maze" who face unexpected change when they discover their "Cheese" has disappeared. The story tells how these four characters each adapt to change in their "Maze" or “Work Environment” differently. One of the characters does not adapt at all.

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IRR-Residential Chairman Provides Testimony Before House Subcommittee

Monday, June 22, 2009

Washington DC (June 19, 2009)—The Chairman of IRR-Residential, Kevin Nunnink, MAI, SRA, MRICS, testified Thursday, June 18 before the Oversight and Investigations Subcommittee of the House Financial Services Committee.  The purpose of the hearing was “Strengthening Oversight and Preventing Fraud in FHA and other HUD Programs.”   

“An independent appraisal serves as a safeguard for the protection of current and future parties to the loan transaction, including the borrower, the originating lender, the secondary market participant and as we are now seeing - the taxpayer. Any effort to circumvent the independence of the appraised value heightens mortgage risk,” Nunnink testified.

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