Features

New Jersey Giveth And Taketh Away: Recent Steps to Reduce And To Increase Regulatory Burden On Home Mortgage Lenders

appraisal fees

This article was originally published here. For additional articles by Robert M. Jaworski visit his website. Recently, the State of New Jersey has taken a small step in the direction of less regulation over home mortgage lenders and, virtually at the same time, a potentially more significant step in the opposite direction. Details are set forth below. NJDOBI Proposes to Eliminate a Regulation …

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Nostalgic and Progressive – I Can Be Both

Appraisers

It was in the early 90’s, my second born had made his grand entrance into the world, and as it turns out, I was working for one of my greatest mentors. Bank of America was employing one of the industry’s finest and as luck would have it, I happened to be his administrative assistant. As I am writing this I can peer …

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Understanding the Residential Green and Energy Efficient Addendum

Valuing Energy Efficient

Most appraisers likely agree that research has always been the most time-consuming part of the typical residential appraisal process. Unfortunately, this is especially true when the home being appraised has atypical features that are not openly comparable to other homes in the area. In today’s real estate market, the increasing number of homes with green or energy efficient features has …

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Reading the Tea Leaves

Appraisal Technology

The importance of appraisal professionals keeping an open mind After over 30 years in the valuation industry, I’m still astonished by the advancements in technology and how they have changed the landscape of our business. Just like how courthouse runners and MLS books are a thing of the past, technology is enhancing the valuation process from assignment to delivery. As …

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LREAB responds to FTC complaint

Appraisal Complaint

On May 31, 2017, the Federal Trade Commission (FTC) filed an administrative complaint against the Louisiana Real Estate Appraisers Board (LREAB). The FTC alleges that the LREAB is “unreasonably restraining price competition for appraisal services in Louisiana, contrary to federal antitrust law.” In a press release issued by the FTC, they state: “According to the FTC’s complaint, the 2010 Wall …

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(Mis)aligned Incentives in Valuation Land

Valuation Expo 2017

We are putting the finishing touches on our agenda for Valuation Expo. This year I am especially excited about our panel focused on misaligned incentives. This topic was inspired by my amateur obsession with Behavioral Economics. We have assembled an amazing panel: Ted Durant, MGIC Bill King, Real Info Karin Trost, Wells Fargo Steve O’Brien, House Canary It seems like …

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Most Valuable Appraiser Award – Nominees

Valuable Appraiser

This year Valuation Expo is unveiling our new annual appraiser award. Members of the Collateral Risk Network were asked to submit their nominations for the appraiser who exemplifies professionalism, influence, character/reputation, and achievement within the industry. The winner of this award will receive a free round trip flight to Las Vegas, two-night stay at the host hotel, and free entrance …

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Today we celebrate Memorial Day

Memorial Day

It is considered the official start of summer but to others it means so much more. Memorial Day is a very important holiday established to give us a time to honor and remember the men and women who have served in the armed forces of the United States of America. We would like to send our condolences to all the …

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