Thursday , 21 January 2021

appraisal review

What to Do When Your Appraisal Is Under Review

Residential appraisers will often—if not just about always—have their work reviewed by another appraiser. Usually, this is a routine procedure that the original appraiser barely notices. Sometimes, the review appraiser will come back with requests for extra information, or doubts, that the original appraiser might find annoying. To be sure, the reviewer’s questions might sometimes seem nit-picky, and answering them …

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Is Now a Good Time to Get Into Commercial Appraisal Review?

In a word, yes. Based on recent market data regarding the recovery of commercial real estate following the COVID-19 pandemic, appraisers would do well to add commercial appraisal review assignments to their valuation service offerings. Keep reading to learn why now is a great time to gain or enhance your commercial review skills with our new CE course, Introduction to …

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6 Key Competencies for Appraisal Review Work

As a real estate appraiser, how do you know if you can credibly perform appraisal reviews? USPAP provides the review appraiser with plenty of flexibility, all grounded in ethics and competence. Competence comes with knowledge and experience, but it also requires you to possess certain skills, technology, and abilities. Here are some of the key competencies needed for appraisal review …

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7 Benefits of Providing Appraisal Review Services

A good appraisal review requires rigorous effort, including obtaining the necessary knowledge, skills, and experience required to review. As a reviewer, sometimes you must untangle conflicting data or rework poor methodology. Review assignments can be extremely complex and exceedingly time consuming. So why would you want to offer appraisal review services as part of your business model? Here are some …

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What Is an Appraisal Review?

Appraisal reviews serve many important purposes. Sometimes the appraisal review process is more time consuming and requires research and analysis well beyond the original assignment, while other times the process is smooth with no problems. One of the difficulties that reviewers face in appraisal practice is recognizing that it is the work product being reviewed, and not the appraiser. Additionally, …

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What Appraisal Topics Do You Want to Dive Into This Year?

We recently asked our appraisal community, “If you could take a class on ANY appraisal topic, what would it be?” The most in-demand appraisal topics right now seem to be: 1) extracting and supporting adjustments, 2) rural residential appraising, and 3) operating an appraisal business. Here, we break down all the different topics appraisers said they’re most interested in learning …

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FAQs About Fannie Mae’s Collateral Underwriter Program

Fannie Mae’s Collateral Underwriter (CU) program is intended to give lenders access to the same appraisal analytics that Fannie Mae uses in its quality control process. It performs an automated risk assessment of appraisals submitted to the Uniform Collateral Data Portal (UCDP) and returns a Risk Score and flags and messages to the lender. Lenders can use the CU Risk …

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