Wednesday , 21 October 2020

Features

Customary & Reasonable Fees: The Elephant in the Room

If you did not receive a print version of the magazine, fill out a sign up form. It’s here! Our second print edition of the Appraisal Buzz magazine is now available. Our goal has always been to provide real estate appraisers with valuable industry information through our free e-Newsletter and now we continue that effort with our free print magazine. …

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Hot Pockets & adjusting for an increasing market

This article was originally published HERE. For more articles from Ryan Lundquist, you can visit sacramentoappraisalblog.com. Hot Pockets. Yep, I’m about to use them to explain the housing market. That either makes me deeply creative or really immature. I’ll let you decide. On a serious note though, let’s talk about this analogy and consider the importance of giving value adjustments …

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Collateral Underwriter Update

When Fannie Mae unveiled Collateral Underwriter® there was a lot of talk regarding how the program would work. The Buzz staff recently asked Zach Dawson, Director of Collateral Policy and Strategy, Fannie Mae, to provide appraisers with an update on the development of Collateral Underwriter. Buzz: Can you bring us up to date on CU? What have you learned from …

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Never Had a Raise in 20 Years?

I hear it from various appraisers all the time, “We have not had a raise in 20 years! We are being paid the same amount per appraisal now as we were when I first started in this business.” The funny thing is that it is said as if appraisers have no ability to control their own prices. Ever hear of …

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State of the Industry Update

As many of you may be aware, I have been collaborating with Joan Trice, members of CRN, members of the National Appraisal Congress and the National Association of Appraisers to raise awareness of concerns relating to the future of the appraisal industry. In conversations with chief appraisers and senior management at various lenders and appraisal management companies, many are reporting …

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Let me tell you about Valuation Expo.

Three years ago I was new to the Valuation industry. Being a ‘newbie,’ I knew no one and the regulations and topics were all like a foreign language to me. I had no idea when I first started that I would be assisting with one of the best events in the industry, Valuation Expo. I know I may be a …

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Getting the Appraisal Fees You Are Owed

It seems like every few months there is news of another AMC shutting its doors and leaving appraisers unpaid for their appraisal services. I recently heard of yet another one in Washington State. Every time it happens, I send a frantic note to my office staff that sounds something like, “Will you check our database to see if this company …

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“Beware of the Undertoad”

It has been decades since I read the book, “The World According to Garp” but it still remains one of my all time favorite books. One of the messages in the book was “beware of the undertoad”. The “undertoad” was a child’s understanding of the unknown but dangerous forces that lie beneath the ocean waves. That is the cautionary tale …

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