Collateral Risk Network

It's a Wrap

Monday, December 30, 2013

2013 Year End Wrap Up

I love this time of year. Of course what is not to like about the holidays? But it is nice to take a look back over the past year and reflect on accomplishments while simultaneously keeping an eye towards the future. I suppose if you aren’t careful, that means you would have each eye going in a different direction.

Third Party Oversight Summit Wrap Up

Friday, December 13, 2013

Wow, I am just recovering from my trip to Las Vegas to present at our Third Party Oversight Summit, along with Tony Pistilli at Axios, Peter Christensen of LIA Liability Insurance Administrators and Helge Hukari of Clear Capital. In spite of some crazy weather we had a packed house and actually oversold this event. Based upon our strong registrations and positive feedback we will be organizing a whole series on compliance next year. I wanted to take some time to let everyone know what was discussed at this event.

"Low Bid" Appraisal Ordering Yields Quality Work (Most of the time)

Sunday, December 8, 2013

Post No. 34 – Some of you may have seen a recent article by Isaac Peck, Associate Editor of WorkingRE. His article was titled "'Low Bid' Appraisal Ordering and Its Effect on Quality." It can be found at this link - http://www.workingre.com/low-bid-appraisal-ordering-effect-quality/

Regulatory Compliance of Third Party Valuation Providers

Monday, November 25, 2013

There is no question that operational risk and third party oversight are "buzz words" being spoken about inside the walls of the regulators of financial institutions. This is in large part a result of the recent regulatory changes due to the financial crisis of a few years ago. Operational risk is the risk of loss due to human error; inadequate or failed internal systems and controls; noncompliance with, laws, rules, regulations, policies, or ethical standards; and external influences such as market conditions and fraudulent activities.

Evaluations - My Letter to The North Carolina Chapter of the Appraisal Institute Board of Directors

Monday, November 18, 2013

Dear North Carolina Board of Directors,

First off, congratulations on your appointment for the upcoming year.

I was in attendance at the Chapter meeting in Pinehurst and the subject of Evaluations came up. This has been a pet project of mine for nearly 20 years - i.e. I believe every State should allow appraisers to perform true Evaluations (non-USPAP compliant valuations).