New lending guidelines are causing a spike in complaints to appraisal boards nationwide, and with it, more headaches for real estate appraisers. With borrowers now able to obtain a copy of their appraisal upon request, and agents/brokers attempting to intimidate appraisers by blaming low values on “bad appraising,” frivolous complaints to state boards are a…
Read More
Appraiser Continuing Education OREP Education Network Continuing Education for Real Estate Appraisers. Looking to meet your upcoming CE Requirements? The OREP Education Network has a variety of coursework for you to pick from! How to Support and Prove Your Adjustments (7 Hours) by Richard Hagar, SRA Do you have the proper support for your adjustments?…
Read More
Editor’s Note: Here are a few helpful tips on how to facilitate the real estate purchase process, from appraisers to real estate agents/brokers (with love). Comments were gathered from an online thread.
To Agents with Love (from Appraisers)
The quality of our work improves when we have more information. The more information agents can give…
Read More
by Isaac Peck, Associate Editor
The appraiser community is still reeling from the decision of a Florida bankruptcy judge to absolve JPMorgan Chase of all liability in the case of Evaluation Solutions/ES Appraisal Services (ESA) bankruptcy case.
Over 10,000 real estate appraisers and agent/brokers were left unpaid by…
Read More
by Roy Meyer
Imagine your appraisal business built primarily around non-lender work and continuing to grow every night while you sleep. Imagine having a dedicated team committed to the success of your appraisal business and taking extended vacations while your business doesn't skip a beat. Imagine…you fill in…
Read More
“Low Bid” Appraisal Ordering and Its Effect on Quality
by Isaac Peck, Associate Editor
Any appraiser who has worked with Appraisal Management Companies (AMCs) is likely familiar with the “order by email-blast” system that some AMCs rely on to fill orders.
The process goes like this: an AMC sends an email blast to all appraisers within a…
Read More
by Philip G. Spool, ASA
My previous two articles were about estimating physical depreciation and functional obsolescence. In my article on functional obsolescence, I indicated that it is very complicated to understand and to estimate. I also discussed calculating functional obsolescence in the cost and sales comparison approaches. This article discusses…
Read More
by David Brauner, Editor
We hear a lot of appraisers complain that illegal influence continues today despite new federal and state regulations designed to remove it from the process. This survey hopes to shine light on what some of you are experiencing. The results are mixed.
Over 1,000 appraisers participated in the survey;…
Read More
Real Estate Appraiser Insurance OREP Insurance Services is a leading provider of Appraisers Errors & Omissions Insurance for real estate appraisers. In addition to the lowest rates and broadest coverage, that is customized for real estate appraisers to fit their individual appraising needs, OREP provides timely information to help appraisers limit their liability and increase…
Read More
A recent lawsuit filed against Stearns Lending and its AMC, Trimavin, by the AMC’s former Chief Appraiser, Katherine A. Scheri, alleges that many of the practices that led to the extensive regulation of the appraisal industry are alive and well at one AMC/lender at least.
Read More