The new era in Appraiser, lender, and AMC relations has arrived. Clearbox has launched their totally redesigned and revamped website. This totally new responsive design allows subscribers to manage their profile in the palm of their hand. The user dashboard has also been modified to make registering and filling out your profile a breeze. We sat down with Joan Trice to ask her about the new Clearbox 2.0 and find out what some of the major changes are.
Vice President of Residential Appraisal at Union Bank®
Allterra Group, LLC, a national real estate appraisal continuing education provider, has joined forces with Union Bank and Rabobank to provide several seven (7) hour continuing education courses across the West Coast. We were able to sit down and speak with Ken DeFeo about Union Bank's involvement in these conferences.
The experts said it was a physical impossibility. The human body was not designed to do it. It was not a 'maybe.' It was not a 'someday it might be possible.' It was a 'not gonna happen.' Then, in the 1950's, a man decided that it was not only possible… he was going to be the first one to do it. On May 6, 1954 he was. Roger Bannister may not be a household name, but he is an inspiration to those who know his story. He was the first human being to run a mile in under four minutes. Six weeks later, another man did it.
Three major strategic initiatives recently announced by the Appraisal Institute have the potential to fundamentally reshape the global valuation profession.
The Appraisal Institute revealed in October that it will:
We hear from so many of our subscribers about the contentious relationship appraisers have with Loan Underwriters. We thought it would be a good idea to try and get into the mind of the Underwriter with a live webinar so that our subscribers can ask anything they ever wanted to know about the loan process from the underwriter's perspective. We were able to chat with Marianne Nover, VP - Valuation Officer for Frisco Lender Services, LLC., who will be leading the discussion on this topic during the webinar on Wednesday November 13th.
There are a few things that let you know that summer is officially over every year. The leaves begin to change color, there is a slight chill in the air, pumpkins are placed on doorsteps, and the Association of Appraiser Regulatory Officials (AARO) holds their Fall Conference in Washington D.C. I was lucky enough to head to D.C. and participate in the conference again this year. It was a great chance to hear about the upcoming changes that are sure to change the appraisal industry.
In the past two years over four AMCs have closed their doors and left appraisers unpaid. Some AMCs have done this in a very deceptive manner while others closed due to legitimate cash flow issues. When an AMCs continues to order appraisals knowing that they will not be able to pay for the work completed this should be looked at as a criminal act. My firm in Chicago has experienced this misfortune multiple times. In some instances we were able to get paid by the lender that engaged the AMC and other times it was a loss for the company.
"Paired Sales are a joke" …So some folks say.
Okay, I agree that paired sales are not the be-all and end-all of adjustments, and that there are other methods for supporting adjustments, but the paired sales method really can be valuable.
I read with interest an article in American Banker a week ago written by Clifford Rossi. The article can be found HERE. I spoke to Dr. Rossi briefly last week to inquire of his background. We had a fascinating, albeit brief conversation with a promise to meet up in person in Washington DC in a few weeks.