Features

Our New Year’s Revolution!

You may have noticed already but there has been a big change this new year. I am not just talking about the brand new joke of the day or cute kitten calendar you have just hung up in your office. The Appraisal Buzz has undergone a major facelift! Both the email newsletter and the website have been drastically redesigned based …

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Reengineering the Collateral Risk Network

While never one for New Year resolutions, I do love this time of year to reflect about where our industry has been, it’s current state and what needs to happen to move forward. This year’s reflections took me all the way back to 2003 in Orlando, Florida and the very first Valuation Expo. It was also the first informal gathering …

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A Confluence at a Crossroads

Appraisal. Appraising… Valuation technology, opinion, daily practice and an industry have just found an event horizon. The valuation industry is forever changed and the processes we thought were “wrote” have become nothing less than a fallacy. Why? Mother – or Fannie Mae, has developed Collateral Underwriter. Collateral Underwriter is a review tool with some regression technology thrown in for good …

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Help For Appraisers Worried About Collateral Underwriter

Multiple Regression Analysis and the Collateral Underwriter: MRA Is Not Your Only Option Social media has been nuts the last couple of weeks with some appraisers seemingly clamoring for more information on multiple regression analysis (MRA). So what is the big deal? Fannie Mae has decided to implement a new analytics application, Collateral Underwriter (CU), available to assist lenders in …

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Collateral Underwriter and Chicken Little

“My, oh, my, the sky is falling. I must run and tell the others,” said Chicken Little. Apparently, a recent announcement by Fannie Mae has some appraisers thinking like Chicken Little. In October of this year Fannie Mae announced the release of Collateral Underwriter, a “proprietary appraisal risk assessment application developed by Fannie Mae to support proactive management of appraisal …

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Attack of the Drones

Drones Doing Appraisal Inspections? “Yes Ma’am, that is correct. Next Tuesday at 9:30 AM. Our drone will be at your door at that time to do the visual inspection. Typically, it will fly around the exterior of the home first to measure and take photos. After it is done, the drone will need access to fly through each of the …

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Rabble Rousing

I was at an industry sponsored Holiday luncheon the other day. A member of our State Appraiser Coalition was giving us an update on the petition that was distributed and delivered to Fannie Mae regarding Collateral Underwriter. To paraphrase, our coalition member said: Fannie Mae called because the Illinois Appraisers are Rabble Rousing again. The Uniform Standards of Professional Appraisal …

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All I Want For Christmas

Here is what I want for Christmas. I want to hear from you. The recent article in Wall Street Journal quoted the National Appraiser Survey that is still underway. If you don’t think your voice gets heard, it does if you respond to the survey the Appraisal Buzz conducts every year. That particular article spawned a whole lot of additional …

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