Valuation Expo was an unforgettable experience. Hosted in Las Vegas at the Flamingo Hotel, we had appraisal professionals networking, meeting new clients, and growing their businesses. Over the course of several days, attendees earned up to 18 hours of CE and met with leaders in the industry. Val Expo started on Monday, September 30th with Vendors and Lenders Live.
Vendors and Lenders Live were short, ten-minute presentations that demonstrated company and product information relevant to appraisers. Attendees were able to see in a no-pressure setting what some of these names in the industry do. The companies represented: Iberia Bank, DataMaster, CoreLogic, Bank of America, AXIS, Computershare, Anow, UBS, Bradford, GeoDataPlus, Sekady, ServiceLink, McKissock, Fannie Mae, Valuelink, and Wells Fargo. This was one of the most popular sessions at Valuation Expo!
In the afternoon, there was a four-hour course titled, “Focus on FHA Minimum Property Requirements.” This course was presented by Wally Czekalski, CEO of Czekalski Real Estate, and hosted by McKissock Learning. This course focused on why these requirements exist and what the requirements are for location, site, and improvements. The course materials included many real-life scenarios and photos encountered by others in the profession.
The ANOW User Conference provided a focus on new technology introduced to help efficiency, an interactive panel from real ANOW customers, and collaborations of AMCs and appraisers. The Keynote Presentation was, “The Art & Science of the Modern Appraisal,” hosted by Tony Reese, Chief Residential Appraiser at Flagstar Bank. Next, were presentations entitled, “Technology that Transforms Appraising,” “Interactive Appraiser Panel,” with the final presentation on “Re-Imagining AMC-Appraiser Relationships.”
At 4:00 pm the Trade Show Opening Reception, sponsored by Class Valuation, opened for attendees to mingle and meet with clients, other attendees, and get to know on a first-hand basis what each company offers. The Trade Show was buzzing well into the night with a Cornhole Tournament sponsored by Computershare, raffle giveaways, and a cash machine brought by the Accurity Valuation team.
Pictured above are the first and second place winners of the Corn Hole Tournament (Left to right: First place winners: Rudy Riveria, Michael Carroll; Jordan Wilde of Computershare and the second place winners: Mark Verrett and Jeff Morely.) Congratulations go to Jennifer Blake-Parson and David Sober, the winners of the Best Team Name with, “Honk if You’re Corny.” Make sure to visit our Flickr page to see more photos!
The second day started off with an exciting panel from Fannie Mae and Freddie Mac entitled , “The ‘Modern Appraisal’ – Data, forms, policy, process, and more.” Sergio Johnson of Fannie Mae and Sean Murphy of Freddie Mac presented, “UAD and Forms Redesign Initiative Update”. This was followed by a policy update from Fannie Mae and Freddie Mac by Lyle Radke and Scott Reuter, respectively.
The afternoon brought us a panel on “Appraisal Technology.” Jeff Bradford, Bradford Technologies, spoke about how appraisers shouldn’t change what they do, but should change how they do it to adapt to the modernization of the appraisal process. Jared Preisler of DataMaster discussed how the real estate market is changing to favor the millennials. He expanded on the idea about “instant gratification”. Scot Rose, Class Valuation, spoke about the future of valuations and how the incorporation of 3D imaging should become the new standard in years to come. And, finally, John Holbrook, Collateral Analytics, discussed how appraiser have always adapted to change. He explained that “with the right tools and the right frame of mind, the future is bright for those willing to adapt, like we always have.”
Wednesday brought us the last day of CE with the panel, “The Role of the Appraiser.” Andrew Bough, Solidifi, focused on the expectation versus reality. Tony Reese, Flagstar Bank, and Matt Cowan, Residential Staff Appraiser, discussed where data breaches can occur by showing real-life examples of appraisals. Frank Gregoire, Gregoire & Gregoire, Inc., expanded on the Appraiser Independence. The final speaker, Peter Christensen, Christensen Law Firm, focused on the point-of-view of an attorney throughout the appraisal process today including liabilities and current claims being made.
The afternoon session was the “Policy Update.” Kelly Davids, The Appraisal Foundation discussed current TAF policies that are “open, transparent, and engaged, tracking appraiser stats, and attracting new appraisers.” Dee Sharp, AARO, presented on current AARO initiatives. Craig Morley, NAA, presented on evaluations and data collection versus appraisals, waivers, and the recent increase in the de minimis. James Heaslet, Department of Veterans Affairs, discussed new and existing VA policy. And, lastly, as an add on – the Moderator, Kim Perotti, AXIS Appraisal Management and Peter Christensen, Christensen Law Firm gave a quick review of the newly enacted California law AB-5 which centers on appraisers’ status as independent contractors in the state of California.
Thank you to all the exhibitors who participated and donated some great prizes for the famous Appraisal Bee!
Appraisal Bee Winners
Company, Item, Winner, Winner Company
Appraisal Buzz, Fit Bit, Steve Varon, North Point Appraisal
Accurity Valuation, Won $196 in the Cash Grab Booth, West McDaniel, Real Metrics AZ, LLC
Anow, $200 Amazon Gift Card, Boe Lindgren, McMillan Appraisals
Appraisal Institute, Appraisal Books – a $250 value, Sruthi Premial, Coventus
Appraiser eLearning, 14 Hours of CE, Danny Williams, Williams Appraisal Team
AXIS Appraisal Management, $100 Cash, Joseph Rodriguez, Mighty Appraisal
Bradford Technologies, $100 Gas Cards, Tony Gunderson, Genesis Appraisal Inc.
Clearbox, Roku Plus, Tim Mullin, Premier Appraisal Services, Inc.
Computershare, $100 Gift Card, Janye Hughes, Georgia Valuation Source
CoreLogic, $100 Gift Card, Meryl Brown, Konza Appraisals LLC
DataMaster, $100 Gift Card, James Thompson, Appraisers Network of Colorado, Inc
Fannie Mae, Ember Mug, Bob Givan, Statewide Appraisal Services
GeoData Plus, $150 Gift Card, Scott Deshazier, Elite Appraisal of Tennessee
Intercorp, Pennsylvania Gift Service (a delivery every quarter of PA favorites), Bill King, Real Info
LIA Administrators and Insurance Agency, $100 Gift Card, Justin Treptow, Appraisal Source
McKissock, CE Membership – a $798 Value, Lisa Dyer, Dyer Property Services Co.
Norman Spencer Insurance Agency, Echo Show, Susan Dilbeck, Porubski Appraisal Services
PropMix, $100 Target Gift Card, Derrick Robinson, Desert Sky Appraisals
Sekady Capital, $50 in Poker Chips, Stephen Frazier, Radian Group
ServiceLink, $250 Gift Card, Tom Reinbold, Residential Appraisal Services
SFREP, Anker Sound Core, Angela Davied, Konza Appraisals
ValueLink, $100 Gift Card, Trisha Smith, Stout Appraisal
We would like to thank everyone involved for making this Valuation Expo such an unforgettable event. To the exhibitors, sponsors, and attendees: We appreciate you all.
Join us for our Valuation 20/20 in New Orleans March 19th – 21st! This is going to be a totally new format, so appraisers can take advantage of educational opportunities and networking in a whole new way! Stayed tuned for more information on the Spring show.
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