Appraisal

Supply and Demand

Monday, May 5, 2014

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.

Are You a Professional Appraiser?

Monday, April 28, 2014

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.

Appraiser Confidentiality Communication: Best Practices

Wednesday, April 23, 2014

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?

Absolute, Relative, and the UAD

Monday, April 7, 2014

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.

April Foolery Contest Winners Announced

Wednesday, April 2, 2014

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.

2014 Valuation Visionary Award Winner Announced

Monday, March 31, 2014

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.