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Robert Murphy, Director, Property Valuation & Eligibility at Fannie Mae, says appraisers are being held to a higher standard these days, thanks to the Uniform Mortgage Data Program and Uniform Appraisal Dataset, better known as UAD. Here’s what you should know.
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With over 1,000 appraisers participating, the results of this new survey shed some light on the state of appraiser independence in the last quarter of 2013.
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An alarming precedent has just been set for real estate appraisers in the bankruptcy case of Evaluation Solutions/ES Appraisal Services (ESA). Despite numerous objections from appraisers and agent/brokers alike, a Florida bankruptcy judge has ruled in favor of JPMorgan Chase in granting a Bar Order which absolves Chase of any liability on future claims from…
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Appraisers are coining a new term for certain appraisal management company (AMC) staff - “Checkbox Chimps.” These are the personnel who are “reviewing” appraisals, and no matter how solid they may be, are instructing appraisers to change their reports.
Are they really providing an “appraisal review” or are they just checking boxes on a form?
Are…
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Real Estate Appraiser Information Working RE Magazine is the #1 source of real estate appraiser information and appraisal news. We are committed to reporting relevant and timely appraisal news for real estate appraisers nationwide. Working RE is the only appraiser magazine that is delivered to the majority of the industry in print and is published…
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Editor’s Note: Some appraisers are being paid full fees for their appraisal work, even though the orders are coming from AMCs. Here’s how it works. First published in Working RE print, Volume 31. Fee Solution – Cost-Plus AMC Model? by Isaac Peck, Associate Editor Some appraisers are being paid full fees for their appraisal work,...…
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Editor’s Note: Appraiser Nelson Boswell shows us how to leverage new appraisal independence laws into more business. Making “Appraisal Independence” Work for Your Business by Nelson Boswell, Jr., SRA New federal legislation is leading to greater “appraiser independence” for many, but not in the way legislators intended. Smart appraisers are using the new laws to…
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