News

Bridging the Learning Gap

It is a tale as old as time, majority of appraisers do not participate in mentoring a trainee. For some appraisers, they may not know where to enroll in a mentoring program and for others, their assignments cannot be accepted by a lender if a trainee conducts it. Although the industry guidelines have changed over time for trainees, mentoring has …

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The Good, The Bad, and The Complex

When dealing with a complex property, many appraisers may feel a bit overwhelmed or hesitant. When one of these assignments roll across your desk there is something that is going to result in a conversation. Is it a million dollar mansion? Does the house have a historical value? Will the owner be waking up to a mountain or ocean front …

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AQB Helps Bridge the Gap

The Appraiser Qualifications Board is building effective training modules to help bridge the gap between supervisor and trainee. Mark Lewis with The Appraisal Foundation feels confident these new changes will add excitement for the younger generations coming into the industry.  Buzz: Mark, thank you for taking the time to speak with us. You spoke at Valuation Expo in Las Vegas …

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The Collateral Valuation Battle: Will Technological Improvements Actually Lead to Greater Mortgage Risk?

This article was first published here. Over the last decade, the US housing market has made a slow recovery of sorts, most notably reaching a major milestone almost a year ago when the S&P/Case-Shiller US National Home Price Index surpassed its pre-crisis peak level. This overall picture of health, however, belies a spottier record at the local market level, and …

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Wow, My Market Area is Slow

When your market area begins to slow down, how many times have you sat at your desk, twiddling your thumbs, gazing at the wall? Maybe you’ve cleaned your house one too many times.  You may think the solution may be to step outside your comfort zone and take on an assignment a little farther outside your market area. However, you …

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Making the Puzzle Piece Fit

Building a successful appraisal management program is similar to figuring out which puzzle pieces connect. Each piece will eventually fit perfectly in its specific spot to create the finished product, you can say the same for the checks and balances in the appraisal process. Understanding the proper policies and procedures, documenting the necessary information, how the AMC works, and more, …

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Green is Good

How can appraisers leverage “green homes” into earning green for their own pockets?  The simple answer is to get as competent as  possible. Take as many classes as you can to receive a better understanding. Read various books and articles. Associate with an appraiser that is competent in this property classification. The point of this article is to give a 10,000-foot …

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Is Your Appraiser LinkedIn Profile a Fixer-Upper?

Last week I presented at the Mortgage Bankers Association convention on how real estate professionals can leverage LinkedIn to generate more sales leads and expand awareness of their employer’s brand. The reality is that most appraisers only have their job title on LinkedIn, nothing more. They do not realize that people are increasingly searching for local professional services, such as …

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