Saturday , 17 November 2018

Peter Christensen

Peter Christensen
Peter Christensen is an attorney who advises professionals and businesses about legal and regulatory issues concerning valuation and insurance. He represents appraisers, appraisal firms and mortgage service companies and also serves as general counsel to LIA Administrators & Insurance Services. He can be reached at peter@liability.com.

Appraiser Disciplinary Complaints: Who is Filing Them? What for?

By Peter C We were doing some research for a project and came up with some basic data that appraisers may find interesting about disciplinary complaints to state appraiser licensing agencies.  Who files the complaints? What’s the basis? Well, here’s some data from claims reported to LIA Administrators & Insurance Services in the last three years:  Source of disciplinary complaints …

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"Hybrid Appraisals" - Speaking about the Liability Risk to Appraisers and Others at Appraisal Foundation Joint Council Meeting

By Peter C “Hybrid appraisals” — which provide a desktop value opinion from a licensed/certified appraiser relying on a physical inspection of the property by a third party such as an agent or inspector — are being marketed by AMCs and technology companies as a big part of the future of residential real estate valuation.  Examples of these products include …

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Are Commercial Appraisers Entitled to Overtime? A Pending Class Action Filed Against a Bank Might Answer that Question

By Peter C Overtime class actions by residential real estate appraisers have ravaged large appraisal firms and management companies for the last six years. While there were a few earlier cases, the first signs that overtime litigation under the federal Fair Labor Standards Act (FLSA) would become a widespread problem for appraisal firms and AMCs came in 2012, as appraisers …

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California Appraisal Firms and "Hybrid" AMCs: Beware of the Dynamex Decision and Its Impact on Classifying Appraisers as Independent Contractors

By Peter C Classifying “staff appraisers” as independent contractors, rather than as employees, is a very common business practice among real estate appraisal firms. It also has become fairly common for appraisal management companies (AMCs) not only to manage the delivery of appraisals that are performed by independent contractor appraiser panel members but also to now employ staff appraisers, as …

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AMCs Fighting Over Next Generation Valuation Products and Technology

By Peter C The residential valuation business for mortgage lenders has been taking big steps lately toward wide scale replacement of the historical Uniform Residential Appraisal Report (URAR or 1004) form used in mortgage lending. As this movement happens, some would-be providers of replacement valuation products (such as “hybrid” appraisals) and automated valuation models (AVMs) are fighting over Via:: AMCs …

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AMCs Fighting Over Next Generation Valuation Products and Technology

By Peter C The residential valuation business for mortgage lenders has been taking big steps lately toward wide scale replacement of the historical Uniform Residential Appraisal Report (URAR or 1004) form used in mortgage lending. As this movement happens, some would-be providers of replacement valuation products (such as “hybrid” appraisals) and automated valuation models (AVMs) are fighting over Via:: AMCs …

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