You Can't Beat This Heat!

Monday, February 10, 2014

With most of the nation covered in ice and frigid temperatures, we know a lot of you have started daydreaming about Summer and warm weather already. We have too, and we wanted to fill you in on some of the great reasons to attend Valuation Expo 2014 in Las Vegas this Summer. Valuation Expo is the biggest appraisal industry conference and is celebrating its 15th Anniversary. Here are some of the reasons you won’t want to miss out!

Is it Time to Give up on Appraising?

Monday, February 3, 2014

Remember the good old days? Like me, you probably worked for multiple banks and local lenders. You had a steady volume of appraisal work coming in and got paid well for what you did. A typical appraisal consisted of three or four comparables, there was no MC Addendum, and revision requests were few and actually pertinent to the assignment. Ahhh, that was the life!

Application of UAD Quality and Condition Definitions

Monday, January 27, 2014

It has been almost three years since the Uniform Appraisal Dataset (UAD) was formally announced by Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. The first version of Appendix D outlining field-specific standardization requirements was dated February 11, 2011. This guide detailed specific formats and responses for certain fields of the four major residential appraisal report forms.

Compliance: What Appraisers and Lenders Need to Know

Wednesday, January 22, 2014

Changes in 2014 make it a pivotal year in appraising. Lender compliance emanating from the Dodd Frank Act will impact appraisal function considerably. How appraisals will be assigned, how they will be delivered and how they will be reviewed is changing both for lenders and appraisers. The answers to these "how" questions are emerging through technology innovation and the collaborative efforts of leaders in both the financial institution and appraiser communities who are seeking effective solutions.

Maybe it's Time to Get Out of the Basement!

Monday, January 13, 2014

Too many times we appraisers, especially the single person shops, get "tunnel vision" because we have no contact with our peers in the appraisal profession. We just keep plodding along in our everyday life doing the same thing, but even worse, thinking the same way. We get no external input to help us in our everyday appraiser life. What this does is makes us stagnant and our abilities to do our jobs as appraisers can become severely diminished. I learned this the hard way with my single man shop.

Four Keys to Great Appraiser Customer Service

Wednesday, January 8, 2014

We work in an interesting industry where, unless you do a majority of non-lender work, most of our human interactions do not occur with our actual clients. Instead, we communicate with the AMC and lenders through email and web-portals. Most appraisers spend a majority of their work time either in front of a computer, traveling, or inspecting homes. Typically, the only portion of that formula which includes human connection is with the home owner(s).

2014 National Appraiser Survey

Monday, January 6, 2014

It's the beginning of a new year, and with that it's time for the Annual National Appraiser Survey. We hear from appraisers throughout the year in comments to articles and interviews in Appraisal Buzz, on our blog and also in discussions on the Buzz Forum. We just want to affirm that we are indeed listening. So take a load off and let us know what are the most important issues to you.

We will share results of the survey on the Appraisal Buzz website as soon as the results are compiled. Thank you in advance for a being a loyal Appraisal Buzz subscriber.