Times Have Changed Appraisers no longer need to drop film off to be developed and then glue photos into their reports because of advances in digital imaging technology. We no longer need to run a tape measure through bushes and mud because technology has provided laser measuring devices. We also don’t need to print our reports and drop them off …
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Fannie Mae seems to have a problem with excess land. Perhaps more accurately, Fannie Mae seems to have a problem with appraisals that involve excess land, and the appraiser’s characterization of Highest and Best Use. Before we proceed with this discussion, let’s make sure everybody is on the same page by defining two terms: “surplus” land versus “excess” land. Surplus …
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COLLATERAL RISK NETWORK, INC. Covid-19 (Coronavirus) Bulletin March 19, 2020 Leadership of the CRN have been in discussions with policy makers all week. The CRN proposed measures to manage our way through the Coronavirus health crisis that are strategically focused on the following: • Health, Safety and Welfare of borrowers and the appraisal community • Safety and soundness of housing …
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Standards are in everything we do – from our job duties, to the cars we drive, and into how our homes are built. Appraisers all follow the same USPAP compliance standards when appraising a home, but sometimes these standards aren’t always so black and white – there can be ten different ways that one appraiser does things while another may …
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The Collateral Risk Network, Inc. met last week in Sarasota, Florida to a packed house. We had a stellar line up of speakers including Brian Montgomery, the Assistant Secretary of Housing and Urban Development; and Lynn Fisher, the Senior Advisor for Economics with FHFA among others. Liz Green of Loan Logics spoke on data in the modern age of appraisal. …
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