Features

You’ve Been Robbed!

The Great Collateral Underwriter Caper Hold the presses and rewrite the headlines! Retitle the newsletter, get ready to put this on your home page, and tweet everyone. You have been robbed! The data you have provided on every appraisal submitted since the development of the UAD communication system has been analyzed and the GSEs have created what is likely the …

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Early Warning System?

In the midst of the Mortgage Bankers Association Annual Conference, Fannie Mae announced on October 20th it will make available to sellers its proprietary appraisal review tool, Collateral Underwriter™ (CU). According to the press release, the tool will be available on appraisals submitted to the Uniform Collateral Data Portal (UCDP) and its results will be included in the response from …

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Breaking Down Fee Survey Results

Last month the Virginia Center for Housing Research and the Virginia Tech Program in Real Estate released the Virginia Residential Real Estate Appraiser Remuneration Survey Results. We sat down with Drew Sanderford who was the primary investigator to discuss the survey itself, the results, and what it means to the appraisal industry. Buzz: Thank you for joining us to discuss …

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Who Can You Trust?

Relationships are important. The bonds we form with a spouse, children, friends, or business associates can be powerful and a strength. When trust is broken, however, deep challenges emerge. Divorce, separation, or permanent dissolution can be the end result when someone’s integrity is on the line. The trust factor between an appraiser and the client is essential if professionalism and …

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Is it time for federal regulation of AMCs?

Appraisal Management Companies (AMCs) have a role to play in the brokerage, assignment, and management of real estate appraisals. That has been the case since the 1980’s at least. For some of us, beginning in that era, we likely got our start by doing work for such companies. Having worked for my mentor for a couple of years, AMCs were …

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