There is an old adage that says knowledge is power. Never have I found another industry this holds more true. The more we, as appraisers, understand about a specific area, neighborhood, or subdivision the more accurate and credible report is able to be produced. Let’s face it, that’s why we are here… To provide accurate estimates of value. I want to encourage all of us to reach out to our fellow colleagues to discuss current industry changes, with questions, with that tough one you worked on last week.
For anyone who has spent any time around the water cooler at any number of the continuing education classes or conventions of late, it seems the hot topic of discussion has been the out of date forms in use. Many of us may have to take a glance down to the corner of the page to realize the last time the forms were changed was in 2005 and before that it was in 1996. We’re coming up on the 10 year mark so we should all be expecting an overhaul of the forms soon, or at least we hope so...
Technology is changing the way business is done across the world. More and more people are able to do their jobs completely through their mobile devices. Like it or not, appraisers need to learn to keep up with the changing times. Most appraisers have made the leap by now to a tablet or smartphone because of the need to stay connected to the office. We put together a list of some apps to help appraisers do their jobs on the go.
In today's technologically forward era, every day there is less and less human interaction. Something as simple as going to the grocery store, you used to give the cashier money or a credit card. You might have even made small talk while you waited for your change or your credit card to go through and to sign off on the receipt once they handed it to you. You are lucky anymore to see someone say hello or acknowledge the cashier’s existence for a split second, then slide their card through the machine and look down at the machine to follow the prompts.
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.
This is the first part of a series that will briefly compare and contrast real estate assessment and standard fee practice. There are lots of similarities as well as differences between the two disciplines. There are both superior and inferior aspects to both sides, with both sides producing appraisers and analysts that are unique to their respective sides. Having worked both sides at staff and management levels, I can see how a combination of both disciplines could very well produce valuation professionals that are, to borrow one of my favorite band’s lyrics, “Some Kind of Monster”.
Technology is constantly growing and improving to help the appraisal industry keep up with the world around it. a la mode recently released a new mobile app to help appraisers eliminate common delays. We were lucky enough to catch up with Jennifer Miller of a la mode to find out more about this new mobile app.
Buzz: Jennifer, can you tell our readers a little bit about your career history leading up to your current position?
I have delayed my usual beginning of the year prognostication for a number of reasons. I spend a lot of time speaking to individual appraisers as well as clients of appraisers -- both lenders and AMCs. There are indeed some common threads and of course there are the looming regulatory hairballs that affect us all. I also wanted to review the responses to the Appraisal Buzz National Appraiser Survey to which, by the way, it isn't too late to respond.
I remember a time in the world, pre HVCC, when I would drive around to mortgage offices. I would stop in, introduce myself to every loan officer and staff member, hand out my business cards, and ask them to give me a try. I would repeat this pattern every week after that until they decided to give me a try. That was then and this is now...
It is with a good deal of lament that I am writing this post. I opened my email this morning to see an announcement from Appraisal Advisor (AA) stating that they that would be ceasing operation as of February 1, 2014. For those that did not know about them, they were, to my knowledge, the only source for appraisers to post reviews about working with Appraisal Management Companies (AMCs). AA also developed credit ratings based on appraiser reviews of working with each rated AMC.