Howard Beale was my hero. In one of my favorite movies, "Network", filmed in 1976, Beale, a TV anchor on a network with awful ratings, went for broke. Some considered his rants those of a lunatic. Others found truth and clarity in his message.
This summer will be the 15th occurrence of Valuation Expo. It is the biggest appraisal conference in the nation. This is the place to be for anyone in the industry. In honor of that we have put together 15 reasons why you should come to Valuation Expo in Las Vegas!
Most everyone has experienced a slowdown recently. Some of us over the last few months, some longer. Volume in the marketplace being where it is, the basic economic theory of supply and demand comes to mind. In the summer of 2013 we were all very busy. Appraisers had the ability to dictate fees, to a certain extent, and often commanded much higher fees. Now that volume has dropped, AMCs and lenders are leveraging what work there is so that appraisers are willing to take a much lower fee for their services.
I was cruising the showroom of the Valuation Expo a few years ago and had an interesting run-in with a few appraisers who happened to be brothers. They had just attended one of the many presentations and had some strong opinions of what they heard. "Can you believe that guy stood up there and told me what I should or should not wear on an appraisal inspection? I mean, if I live in North Dakota, I am going to wear cowboy boots and if I live in Hawaii, I am going to be sporting flip-flops.
Today, April 23rd, Allterra Group is hosting a free webinar on appraiser independence and the best practices to use when communicating. What are the limits of communication for real estate appraisers, when interacting with borrowers, listing agents, selling agents, buyers, sellers, clients or even AMCs? Recent laws and regulations concerning appraiser independence appear to have put restraints on the type of information that can be communicated to or from appraisers. Is appraiser independence compromised if the appraiser has any communication with REALTORS ® or borrowers?
The proposed AMC Rules from the Agencies are out in draft form.
Coalitions, industry organizations, and groups of appraisers are examining these and other Rules.
There is discussion amongst appraiser groups and other industry participants like never before.
It’s a great time to make your voice heard and to hear what others have to say!
We are getting ourselves ready for the Third Party Oversight Summit next week, April 16, in New Orleans at the Hotel Monteleone. If you are a lender or an AMC this is a must do event. It is not too late to sign up. Register here.
On April 9th, Allterra Group is hosting a special webinar on comparable data. This will be a great opportunity for appraisers to learn more about some specific aspects of the GSE Uniform Appraisal Dataset in regard to comparable data and some of the perceived challenges with the condition and quality ratings. The webinar will be presented by Elizabeth Green, Principal Consultant with rel-e-vant Solutions and Charles Gress, Senior Vice President & Chief Residential Appraiser for Martin & Wood Appraisal Group and moderated by John McIntyre.
The results of the April Foolery Contest are in! We are impressed with the creativity of all the submissions. We are pleased to award free Valuation Expo passes to the authors of the best poem, comic, and video about Valuation Expo or the Appraisal Industry as a whole. We were overwhelmed with the responses from appraisers across the country. We were finally able to narrow it down to one winner in each category. We also wanted to recognize some of the finalists who submitted some great entries.
Every year the Collateral Risk Network joins together to nominate and vote on the most influential mind in the appraisal industry for the year. The winner is presented with the prestigious Valuation Visionary Award. We are pleased to announce the winner of this year's award is Jeff Bradford, founder of Bradford Technologies.