Fannie and Freddie Webinars Most know by now that, in a “quest to improve loan quality through more robust and uniform data,” Fannie Mae, Freddie Mac are introducing a new “language” called the Uniform Appraisal Dataset (UAD). The GSE’s are providing specific and mandatory guidance on how to fill out the 1004, 2055, 1073 and 1075…
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Editor’s Note: This is an actual claims rebuttal letter sent to opposing counsel, written by a claims adjuster on behalf of an insured. The names have been changed. Disclaimer: This article is written from an insurance perspective and is meant to be used for informational purposes only. It is not the intent of this article…
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The Appraisal Foundation Appoints New National Board The Appraisal Practices Board will be officially constituted July 1, 2010 The purpose of the ABP is to issue voluntary timely guidance to appraisers on emerging valuation issues that are occurring in the marketplace. This guidance will assist appraisers, appraiser regulators and educators. The new Board will enlist…
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Editor’s Note: Appraiser Sean Heath and others test out the new AVM Zillow and caution that while the name may be on everyone’s lips, let the zill-er (consumer) beware. That said, the results are far from black and white. Appraisers Put AVM Zillow to the Test by Sean Heath It seems that the quickest way...…
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Survey Results: How Reasonable are Appraisal Turn Times? (And is Quality Affected?) by David Brauner, Editor As of this writing, 2,455 appraisers have participated in the OREP/Working RE How Reasonable are Appraisal Turn Times? Survey. Find the data below. Appraisers report that turn times are unreasonable much of the time. Further, turn time demands do…
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Customary and Reasonable Fees Survey Results Please click on your state to download the Customary and Reasonable survey results. If the PDF for your state doesn’t open, please make sure you have the latest version of Adobe Reader. Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky…
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Staff from the Federal Reserve Board recently requested survey results from the OREP.org/Working RE Customary and Reasonable Fee Survey, with over 16,500 appraisers participating. Why? Because customary and reasonable fees and other issues related to the Dodd-Frank Financial Reform Legislation are not settled, according to the Federal Reserve, who is tasked with implementing the law-…
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“With all that you offer, it was a no-brainer to sign up.” – Jim Nishimura Everyone’s E&O rates has gone up some over the last few years but if your rates have skyrocketed this year in particular and you haven’t shopped for a while- it’s time to visit OREP. Here’s why. OREP Insurance offers price,…
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Appraisers/Agents and Brokers: Need General Liability Insurance? More and more Lenders are requiring appraisers to carry General Liability insurance. General Liability coverage includes Property Damage, Bodily Injury, Business Interruption, Loss of Income coverage, and much more. Real Estate Agents/Brokers also find they need and want this valuable coverage. OREP Has Your solution Whether you need…
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Real Estate Agent and Broker News – Working RE Magazine for Agents and Brokers Working RE Magazine publishes real estate agent and broker news to help agents and brokers stay informed and get the latest news, advice, tips, and training from others in their industry. As a real estate agent and broker magazine, we are…
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