Heating up the Appraisal Industry

While most the country was being battered with freezing temperatures and rain, sleet, or snow, members of the Collateral Risk Network met in Ft. Lauderdale, FL to talk about the compelling issues within our profession. The Buzz spoke with Joan Trice for a recap of last week’s conference.

Buzz: Joan, can you tell us a little bit about the most recent CRN meeting and why it was so important?

Joan: Well it was a great meeting for us. Attendance was strong with just over 100 present. We were lucky enough to have a huge turnout of chief appraisers, lenders, appraisers and decision makers in the industry. In addition to all the new members we had some fabulous speakers talking about the issues that are most vital to the industry. We also kicked off the CRN Council, which had its inaugural committee meetings the first day of the conference.

Buzz: Who were some of the industry leaders that spoke at the conference?

Joan: We want to thank all the great speakers we had who really helped the conference be such a success this year. We were fortunate to have Robert Murphy from Fannie Mae join us to talk about all of the new things they are doing including the introduction of Collateral Underwriter. The timing could not have been better.. Bob addressed all of the stakeholders and eased much of the anxiety around this new Fannie Mae initiative.

Herbert Holloway of Southeastern Louisiana University spoke about the Louisiana Fee Survey and the steps they took to help put it together. He also talked about some of the important processes that states should go through when designing and implementing their own C&R surveys. He is administering a Kentucky Fee Survey now.

We had several other speakers on really important topics. Paul Chandler of Property Sciences spoke on the appraiser selection process. Jeremy Sicklick of HouseCanary spoke about the Big Data Revolution and how it will affect transparency in valuation. We also had Rick Langdon and Katherine Kelton from Wells Fargo join the group to speak on appraisal specialties in consumer lending. Ed Pinto also spoke on the history of the appraisal industry.

Buzz: Can you tell us a bit more about the CRN Council?

Joan: The CRN Council is comprised of the chairs and vice chairs of 6 individual committees. They are: Government Affairs, Education, Best Practices, Data & Technology, Emerging Issues, and Industry Relations.

The members of the CRN Council were really excited by the opportunity to work together to effect meaningful change for the industry. The priorities will be established by the Council.

Buzz: Who are some of the companies that helped make the meeting such a success?

Joan: I really want to thank our sponsors of the event. ACI, Mercury Network, Clearbox, HouseCanary, Global DMS, Metro-West Appraisal Co., LLC and Property Sciences. They do so much to make sure the Collateral Risk Network is successful.

Buzz: Can people who have missed the first meeting still join the CRN Council?

Joan: We are always looking for new members to join the CRN. If you have any questions or would be interested in becoming a member contact Karen Connolly at Karen@allterragroup.com. We hope to see you at the 2nd Qtr CRN meeting which will be in New Orleans on April 8th and 9th.

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