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Fannie Mae/Appraiser Quality Management Interview WRE: How many review appraisers are on staff to evaluate appraisals flagged by the automated system? Are they licensed in the states where the properties are located? Do they have local competency? You mention “review panels,” does this mean a panel reviews and reaches consensus on each anomaly before a…
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When I first got into the appraisal business, the person training me handed me a sheet of paper that listed all of the adjustments I was going to need to complete an appraisal.
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>> See Past News Editions >> Click to Print > NEW: State Appraisal Board “Insurance”-Bulletproof Your Workfile The new 2014 Expert’s Guide to a Defensible Workfile shows you how to “bulletproof” your workfile and protect your appraisal license and livelihood. Produce better reports: Click here to learn more. >Want to be a better FHA Appraiser?…
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While several state boards have adopted "prompt pay" provisions into their appraisal regulations, it is rare for AMCs to face formal sanctions over late payments.
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>> See Past News Editions >> Follow our NEW Home Inspector RSS Feed >> Click to Print >> Note: If you live in “high-priced” states like AZ, CA, IL, NJ, PA, FL, TX or WA, OREP does not limit coverage or raise your rates. The same rates apply in all states where program is offered.…
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>> See Past News Editions >> Click to Print > NEW: State Appraisal Board “Insurance”-Bulletproof Your Workfile The new 2014 Expert’s Guide to a Defensible Workfile shows you how to “bulletproof” your workfile and protect your appraisal license and livelihood. Produce better reports: Click here to learn more. >Want to be a better FHA Appraiser?…
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Working RE Summer 2014 Find these articles in the new edition of Working RE. OREP insureds enjoy the print magazine included with their member benefits. • State Board Moves to Curb Frivolous Complaints • Smoking Gun Allows Appraiser to Sue over Blacklisting • Highest and Best Use Analysis • 12,346 Appraisal Failures Every Week • Blacklisted for Refusing Low Fees…
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According to a recent government study, in a span of three months, 160,500 appraisals or 12,346 per week failed to pass a basic screening “review” by the GSEs
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