Features

Algorithms and American Homeownership – Is This A Dangerous Cocktail?

Big data… artificial intelligence… algorithms;  you cannot attend a conference, turn on the TV, surf the internet or read an article these days without hearing about how the world will be changed by these powerful tools. It is irrefutable, undeniable, and easily apparent. Increasing computational power combined with ever growing data promises the ability to see and interact with the …

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Meet the REAL Transformers!

Over the past ten years, regulations and industry fragmentation have upended the appraisal process. The appraisal is often considered an art that demands meticulous care and patience, yet despite this, appraisers today feel increasingly pressured by lenders and AMCs to complete appraisals in shorter time frames while simultaneously maintaining a high quality of work. These heightened expectations are coming at …

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Banking vs Non-Banking Loans, how are they being regulated?

As we continue to look into the major differences between banking and non-banking loans there are factors one most understand. The regulations, laws, guidelines, and protocols each institution holds play a significant role throughout the lending process. But what happens when a bank does not obey the laws? Does it affect appraisal independence? And does it create an uneven playing …

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Building Non-Lending Business

As lending policies continue to change, the appraisal industry is forced to react with an increasing amount of process and product changes.  Building professional relationships with non-lending business is more strategic now than ever. Although this is an opportunity many appraisers would be excited to make, one big question most appraisers face is, “Where do I start?”. On February 12th, …

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The Uneven Playing Field in Banking vs Non-Banking Loans

There are rules, guidelines, and regulations within the industry that all valuation professionals must follow – but what happens when someone begins to bend the rules? Non-banking vs banking loans have created an environment where the rules aren’t always enforced. Tony Pistilli with Computershare Property Solutions, helped give us a closer look on where the problems are arising.  Buzz: Tony, …

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New Numbers are Painting a Different Picture for the Appraisal Industry

This article, Appraisal Profession Sees Major Uptick in Millennial Interest, first appeared in HousingWire, For the past several years, the appraisal profession has battled the fact that a significant percentage of its workforce is aging. And as a greater number of appraisers approach retirement age, fewer newcomers are jumping in, meaning that their ranks are dwindling, and fast. A survey conducted …

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Lending a Helping Hand

The appraisal field is ever changing, challenging to enter the profession, and difficult to succeed in. As appraisers we are often micromanaged, critiqued, and criticized. It is sad to say, but some appraisers are more critical of their peers than the public or our clients will ever be. As an integrated community we need to focus on improving the industry …

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How the Government Shutdown Is Affecting Lending

On December 22, 2018 the U.S. entered the second federal government shutdown of 2018. The public did not know at the time that this shutdown would last for over 30 days (and counting), declaring it the longest government shut down in U.S. history. Over 800,000 federal employees have either been furloughed working without pay or forced to take a leave …

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