TRID v Customary and Reasonable Fees

By Josh

This past week, I had the opportunity to discuss TRID with appraisers, lenders, and AMCs when I attended and spoke at the Appraisal Summit and Expo. Clearly, there are misunderstandings of this lender disclosure rule. A few basics about the TRID rule (TILA RESPA Integrated Disclosure): The lender must disclose the appraisal fee to the […]

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About Joshua Walitt

Joshua Walitt
Joshua Walitt is a certified residential real estate appraiser, reviewer, and educator. As the Compliance Manager for Property Interlink, a national appraisal firm and management company, he oversees procedures, training, licensing, audit, and review functions. His ongoing goal is to increase accuracy and efficiency through the use of sound reasoning skills, appropriate methodology, and technological tools. Prior to joining Property Interlink, he provided fee appraisal and consultation services. In 2013, he was the appraiser member of Colorado’s AMC Rulemaking Taskforce. In 2015, Walitt designed the Market Machine, a market analysis and regression modeling tool used by appraisers throughout the U.S.. He has also provided valuation consulting for international applications. He writes for industry publications, and has spoken at events including the Appraisal Summit and Expo, the Appraisal Institute’s Annual Conference, the Valuation Expo, and client conferences. In addition, he designs and presents continuing education courses for online and classroom delivery. Walitt holds the SRA designation with the Appraisal Institute. He is also a member (MNAA) of the National Association of Appraisers and serves on their Board of Directors. He received his Certified Distance Education Instructor (CDEI) certificate in 2014.

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TRID v Customary and Reasonable Fees

By Michael Neal According to the Federal Reserve Board’s first quarter of 2017 release of …