Saturday , 16 December 2017

Features

Quality vs. Condition

Quality and Condition are different lines on the grid for appraisal analysis. I can see how these two can become easily intertwined, but they are two separate and distinct issues. In practice, these two items are often comingled and intertwined. Here is the best analogy I heard identifying the difference between Quality vs. Condition. I can’t take credit for it. …

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Transparency vs. Privacy

There are some interesting currents in the financial transaction ocean. On one hand, there is the demand for greater transparency. I am a huge fan of radical transparency. And as I have learned with the launch of my own company that manages appraisers’ credentials, not everyone is a fan. Transparency is certainly something new to the entire mortgage transaction and …

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And the Assault Continues

TriStar Bank, a Tennessee community bank, submitted a request to the Appraisal Subcommittee (ASC) for a temporary waiver of appraisals for 2018. This waiver would apply to all property types. The request is based on a reported shortage of appraisers resulting in increased fees and reduced turn times on appraisals. Click Here to read the full letter. Sources tell The …

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Good Appraiser, Bad Appraiser

There are thousands of heroes among us. In my own mind, a hero is one who perseveres in times of crisis and operates on core principles. The fundamental belief system of an appraiser should be rooted in integrity. Yet every day, an appraiser is challenged not to be “so rigid.” “Come on; you can’t be that good.” Or one of …

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Do Third Party Inspectors Violate USPAP

This article is an excerpt from an article first published HERE. If you would like to read more from Dustin please visit TheAppraiserCoach.com. It was recently brought to my attention, by a reputable appraiser I might add, that the use of third-party inspectors may be a violation of USPAP. Or more specifically, that an appraiser relying on a third-party inspector …

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Appraisers, Scope of Work and the “Alternatives.”

Today, appraisers are presented with many opportunities to produce “alternative” valuation reports. For appraisers, a positive shift has occurred in the valuation marketplace. Valuation consumers in capital markets, loan servicing, and home equity are migrating away from the wholesale use of broker price opinions (BPOs) and evaluations to valuations produced by appraisers. This new appreciation for professional appraisers has given …

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Giving Thanks

It may be a little cliché to think about what we are thankful for during the Thanksgiving holiday, but in current society, we are constantly “doing” and rarely just sitting, thinking, and reflecting. Actively taking time to think about what we are grateful for helps us to pause and acknowledge our hard work. From all the members of the Allterra …

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Reliability: A Desirable Goal?

This article was originally published HERE. For more articles from George Dell, you can visit georgedell.com. Every profession I know that deals with numbers also provides some estimate of the reliability of the result.  An engineer would not say “the most probable life of this bridge is 87 years.”  The engineer might provide a minimum, or a range, or some indication of …

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