appraisals

“EDI” Open Standard Arrives

“EDI” Open Standard Arrives Anyone remember EDI? It was the often discussed “standard” for transmitting appraisal reports electronically that was always in development and right around the corner (for about six years). Without much fanfare, an open standard for describing property and appraisals, using XML markup language, has recently been ratified by the Mortgage Bankers… Read More

FNC-Appraiser Firestorm (Again)

FNC, Inc. is once again at the center of a firestorm in the appraisal world– this time over a user agreement that appraisers fear signs away their E&O insurance coverage. Appraisers are required to authorize the agreement if they want to continue working with many of the nation’s largest lenders via AppraisalPort. While the agreement… Read More

Appraisal & Identity Security Solution

Appraisal & Identity Security Solution by Stephen Nation, Executive Vice President of NATION Technologies, LLC Before the Internet and email, the appraisal business was largely a relationship-centered business conducted between appraisers and lenders or their agents. Relationships were primarily local and often conducted over a handshake. There was often a high level of confidence in knowing… Read More