Tuesday , 27 October 2020

Allterra Group’s New President on the Latest CRN Meeting

For Allterra Group, the year 2016 has certainly had a theme. Whether it is Appraisal Buzz, Allterra Online, Valuation Expo, or Collateral Risk Network (CRN), we are working hard to bring you new resources. Recently, the first quarter CRN meeting was held in Fort Lauderdale, Florida. On that event and more, we speak with Steve Linville, a professional with almost 30 years of experience in financial services, our new Allterra Group President.

Buzz: Firstly, Steve can you tell us how a little about your background in the industry?

Steve: Many years ago, pre licensing, I began my career as an appraiser before becoming a mortgage banker in the early 90s. I then worked at Fannie Mae for a number of years where I was responsible for a national team that developed and implemented third party distribution strategies with Fannie Mae’s lending partners. Prior to joining Allterra Group, I was the Director for Single Family Finance at the National Association of Home Builders in Washington, DC, working on policy development and advocacy. Following the financial crisis, my focus was on housing finance reform while residential valuations were also an important aspect of my work.

Buzz: You recently attended the first quarter CRN meeting. Can you give our readers a brief summary of the event?

Steve: As many of you know, the CRN is a group of dedicated chief appraisers, collateral risk managers, regulators, appraisers, and valuation experts who are focused on resolving the many challenges facing the appraisal profession. The meeting was timed perfectly with Snowzilla, one of the largest snowstorms to hit the East Coast. It was quite an adventure for many members just to get to Fort Lauderdale.

The first day kicked off with the CRN committees continuing their efforts to identify appraisal challenges, develop viable solutions and ultimately share best practices with industry stakeholders. Everyone was rewarded for their hard work in the evening with another fantastic networking social hosted by ACI. The morning sessions of day two featured timely updates from Fannie Mae and Freddie Mac and a presentation from Juana Watkins, Director with the Florida Division of Real Estate, who informed members on how the Florida Appraisal Board was structured as well as some informative statistics. The afternoon sessions started off with a fascinating presentation on appraisal fraud from FBI Special Agent Carrie Fisher. Penny Reed, with Wells Fargo, delivered the easiest to understand presentation on the new TRID rules that I have ever heard. Closing out the informative day was AEI’s Ed Pinto, who presented his vision for the future of appraisals.

Buzz: What can we expect for the next CRN meeting in New Orleans in April?

Steve: The Allterra team is already hard at work putting final touches on the agenda for the next CRN meeting in New Orleans. One topic that continues to get tossed around is the declining number of active appraisers and new entrants into the profession. Joining us to discuss this important topic will be the President of The Appraisal Foundation (TAF), Dave Bunton. TAF’s Appraisal Qualifications Board (AQB) recently held a public hearing on this topic in Washington, DC back in October 2015. On February 11, the AQB published a discussion draft requesting public comments on potential areas of change to the Real Property Appraiser Qualifications Criteria. Let your opinion be heard, send in your comments.

Buzz: Steve you recently became the new President of Allterra Group. This is quite an exciting development. What do you see in the future for the company?

Steve: Participating in the CRN the last four years exposed me to the many devoted appraisal professionals who are CRN members. Their commitment to bring positive change impressed me to the point that I wanted to get more involved and totally focus on appraisal issues…so here I am.

Allterra’s mission is to keep appraisers plugged in to the latest news, provide them opportunities to learn, and to enrich their lives. We will continue to provide and introduce best-in-class resources for appraisers to learn, network and prosper. This year we are doubling down with two Valuation Expos, one in Baltimore in July and one in Las Vegas in November.   We also will publish two editions of the Appraisal Buzz magazine, which we are very excited about.

This year I will be particularly focused on facilitating CRN committee’s efforts to move forward actionable items that have been identified to bring about positive change to the appraisal industry. The goal of the committee is to align the three main groups of the appraisal industry; appraisers, lenders, and AMCs and leverage their expertise to identify solutions and best practices to some of the challenges we face today. An example would be, the Industry Relations Committee Chairman engaging appraisal coalitions and other stakeholders around the country to develop an appraiser bill of rights. We hope to have more to share on that soon!

It’s going to be a very busy year and we have a great team at Allterra who can get things done. I look forward to bringing my strong relationships with the right folks in Washington, DC and my experience working with committees to bring about positive change. I look forward to seeing you at one or both Valuation Expos this year and don’t hesitate to reach out!

Buzz: Thanks so much Steve. A lot of fun changes here at Allterra Group. As Steve said, we’re very pleased to offer two Valuation Expos in 2016. For more information or to register, click here.

Have any comments or would you like to submit content of your own? Email comments@appraisalbuzz.com

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    Steve, why would you need to spend the first DAY identifying appraisal challenges? The appraiser grunts in the field (ones not on your fancy panel) have been telling the industry since 2008/2009 (HVCC) and Dodd Frank (2010) what the issues are. Pull the petition signed by thousands of individuals 7 years ago. Steve, we’re going on seven years and you don’t know what the challenges are? Hold another conference Steve while states like VA just last week approved customary and reasonable fees are to be at the VA loan schedule. Go to the next CRN meeting in New Orleans while the state of VA tells the AMCs that operate in their state that extra requests require extra pay. If they want more than 3 sold comps, they will need to pay extra. If they want ANY active or pending sales, they will need to pay extra. If they want the cost approach, pay up. I look forward to your comments Steve. Thanks.

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