Saturday , 28 November 2020

Features

The Modernization of Appraisals: Becoming Trusted Advisors

Bifurcation continues to be a contentious topic in our industry. Often, appraisers worry about the quality of inspections when using a third-party, but I often remind them that we already rely on the inspections of others. We rely on information from appraisers we do not know more often than we think; we receive information from desk or field reviews as …

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Recap of CRN Meeting

The Collateral Risk Network, Inc. met last week in Sarasota, Florida to a packed house. We had a stellar line up of speakers including Brian Montgomery, the Assistant Secretary of Housing and Urban Development; and Lynn Fisher, the Senior Advisor for Economics with FHFA among others. Liz Green of Loan Logics spoke on data in the modern age of appraisal. …

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Are Baby Boomers Derailing the Housing Market?

This article was originally posted by The MReport and can be found here. An editorial by the Los Angeles Times looks at the possibility of the housing market being derailed by the Baby Boomer generation. Freddie Mac reported that there are more than 67 million U.S. homeowners are over the age of 55—owning about two-thirds of all U.S. home equity. Additionally, 63% …

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Appraisal Etiquette – Dotting I’s & Crossing T’s

For an appraiser, the report is the product. It is the culmination of your experience, expertise, and skills, coalescing in a multi-page work of art and science. The appraisal report, and all that goes into developing it, after all, is what your client pays for. Moreover, untold numbers of people who have the ability to affect your career and practice …

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An Interview with the New AI President – Jefferson Sherman

On January 1st, 2020, Jefferson Sherman began his term as the new president of the Appraisal Institute. With over 45 years of experience as a real estate professional, we believe Jefferson Sherman will be a great leader for this upcoming year. We sat down with Jefferson to discuss the Appraisal Institute and what we can expect from their association and …

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Appraisal Creep – An Interview with John Wake

Appraisal values should not be influenced by the price of the listing, but could a bias exist that proves otherwise? “Does the typical appraisal protect you from overpaying for a house?” asks John Wake in his article, The Hidden Reason Why House Prices Are Too High (And Income Growth Is Too Low) — Appraisal Creep. We sat down for an …

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2020 Valuation Visionary

We are pleased to announce the Valuation Visionary award winner for 2020 is Cristy Conolly, Chief Appraiser and Senior Vice President of Quality Control and Compliance at Nationwide Appraisal Network (NAN). Each year, the Collateral Risk Network presents the award in recognition of the person who demonstrates leadership, innovation, professionalism, and one who strives to better the industry for their …

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An Open Letter to Fannie Mae

By way of introduction, I am a 30+ year residential appraiser, AQB Certified USPAP Instructor, and former nine-year member of the State of IL Appraisal Board (where I served two years as Chairman). I come to you today with an urgent concern regarding appraisal advice contained in the Multiple Parcels article in the December 2019 issue of “Appraiser Update” from …

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