News

A Spreadsheet Solution for Land Value Extraction

When the cost approach is needed, either by client requirement or applicability, it’s necessary to derive an estimate of the land value.  Of course, the best way to determine an estimate of land value is through the use of the sales comparison approach.  If there have been recent, similar lot sales in the subject’s market area, the process is relatively …

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Focus on FHA Minimum Property Requirements

In today’s Buzz we sit down with Adrian Allen, Product Manager for McKissock to discuss the exclusive pre-conference class offered by McKissock at Valuation Expo in Chicago on March 18th. The class, FOCUS ON FHA MINIMUM PROPERTY REQUIREMENTS is being taught by the highly rated instructor Dale Shea on March, 18, 2019. We sat down with Adrian to find out …

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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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Valucentric Team Concept Revolutionizing the Appraisal Profession

  Valucentric can show you how our TEAM concept is revolutionizing the Appraisal profession! You may have read recently about the new “trend”, the TEAM concept. Well, sorry to break the news, but the founding partners of Valucentric have been mastering the TEAM Appraising concept for nearly 20 years. Valucentric, an employee-based Appraisal company, has grown to over 200 employees …

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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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