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.
Clients & Vendors
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.
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.
Have you ever received a call from an Appraisal Management Company wanting to place an order from you and you had never heard of them. Most appraisers have had this issue before. This was one of the reasons the Allterra Group put together this comprehensive directory. This alphabetical AMC Directory list will help you quickly look up an AMC and find their important contact information. We haven't mentioned the best part yet, it's Free! This directory is completely free to Appraisal Buzz subscribers.
For all sorts of reasons, appraisers have fewer and fewer direct relationships with their lender clients. This is one of the reasons Allterra Group is so excited to announce their upcoming Appraiser Events. We have partnered with Union Bank and Rabobank to offer recruiting and training events for appraisers on the west coast. This is a tremendous opportunity for appraisers to get to meet and greet Ken DeFeo, Vice President, Residential Appraiser Manager at Union Bank and Robert Melfe, Vice President, Appraisal Manager at Rabobank.
I recently had the opportunity to attend 'The Five-Star Conference & Expo.' It was my first time attending this conference, and I found it to be very different from others conferences I have attended in the past. Though this conference concentrated on realtors, asset management, and preservation companies, there were several sessions regarding valuations. One topic to note was in regard to the declining number of appraisers and the increasing number of realtors.
Both of my children play soccer, just as my father and I did. And as with any game, you have good games and bad games. But what is a “good game” really? What does it mean to “play well”, and do we mean as a team or as an individual player? If I say I “had a good season”, some folks might assume my team won most of its games, others might think we at least finished off the season strong, and others may even believe that I mean I improved my performance compared to the previous season.
Have you ever gotten into a disagreement over whether including listings in the sales comparison approach is inappropriate – or even misleading? I'd like to say I’m torn over the issue and just present my opinion as some middle-of-the-road approach; however, I really do see the benefits of including listings as part of summarizing my appraisal process in my written report.
Last week, I discussed fee and turn-time management in running an appraisal business (“Business Management: Part 1 Fee and Turn-Time Management”). Today, I wanted to further explore how to actively manage our businesses: through managing our clients.
Are You Fitting Into the Good Ol' Boys Network
Today's article is a conclusion of Dustin Harris's two part article on where your appraisal values in reference to the purchase price. If you haven't read part one you can do so HERE.