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Thursday's Webinar: Top Five Questions Asked of an Appraiser and How to Answer. Learn the most common requests that appraisers face and how to answer these questions legally and correctly. Editor's Note: Is appraisal Independence a non-issue? You tell us.
Appraiser Independence and the Survey that Never Was
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I’m sure you hear the stories to the contrary, just like we do.
Appraisers say that influence is still a problem- a thorn that the
alphabet soup of regulation has not removed.
Most agree that it is less
flagrant today than in the days when mortgage brokers “told” appraisers what
number they needed. Most folks today are
a little more subtle. Still, appraisers
report that they are apt to lose a client for holding their ground and saying
“no” when they feel a request crosses the line.
Can you Please Change the Name of the Client? Hagar is an acknowledged expert, consulting with banks, regulators and others on appraiser and lender compliance issues. He was “there” when many of the laws were written, providing key input at the state and federal levels. More than that, he runs a successful appraisal business and faces these issues too. He shares his recipe for keeping the clients who are worth keeping without putting your license at risk: two parts knowledge and one part finesse allows you to respond authoritatively and professionally. Who attends Hagar’s webinars? Typically, AMCs and lenders attend in significant numbers, as well many appraisers, because they know he knows his stuff. AMCs/lenders face ruinous penalties if they are caught operating on the wrong side of the law- just like appraisers. Both sides of the equation learn how to do the right thing with Hagar’s webinars. We even see the occasional regulator in attendance, to learn what Hagar knows. You can learn more or sign up here: https://www.workingre.com/webinars/top-5-questions-asked-of-an-appraiser-and-how-to-answer/ New Appraiser Independence Survey (closes 9/15/13) 1. Since HVCC was implemented (5/09) “Appraiser Independence” for you has: A. Increased B. Decreased C. Remained about the Same 2. How often do you feel there is an attempt to influence your value conclusion? A. Never B. Infrequently C. Occasionally D. Fairly Often E. Regularly 3 Within the last year, you believe you were “dropped” from an AMC/Lender roster or lost work for not meeting conditions/requests that you felt were contrary to an accurate appraisal: a. Never b. Infrequently c. Occasionally d. Fairly Often e. Regularly
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