Leveraging AVM Technology From Form-Filling to “Collateral Valuation” By: Darius Bozorgi & Jeff Bradford What business are you in? It’s a question that ice manufacturers should have asked themselves as the refrigeration business advanced with the invention of the refrigerator and they lost business. Or railroad tycoons pondered as the transportation business evolved from the...…
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Can AVMs Work for You? By Bradley H. Ellis, IFA, RAA By now, most of us have utilized technology to change the way we do business. We’ve been able to leverage technology to work faster, smarter and cheaper. But what do we do about AVMs, which many feel will eventually put appraisers out of business?...…
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Fitch, Fannie and Fraud: Conference Roundup WRE hit the road to bring you the latest from several important industry gatherings (see insert). With many practitioners working from home offices, these conferences help us all stay connected and up to speed. The issues that emerged this year are familiar but include some new twists: AVMs, fraud,...…
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Editor’s Note: The following is excerpted from a freewheeling online discussion among appraisers about AVMs. It makes for interesting reading: if you want to know about something – ask an expert. AVMs: Ask an Expert(s) Just what is “Value” Anyway? – Since accuracy is determined by sale price, how can an AVM not be the...…
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Fraud, AVMs and Fannie’s New Forms Report from Valuation 2003 While you were busy appraising, Valuation 2003 took place in Orlando, Fla. with many of the industry’s movers and shakers exhibiting, speaking and networking. Working RE Magazine was there too. Mark Simpson, Director of Property Valuation Standards & Practices, Single-Family Credit Administration, for Fannie Mae...…
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Enhanced Appraisers Data/Seamless Delivery The Future is Now Flash Gordon, move over. Reality (and technology) have finally caught up with the visionary dreams of many appraisers: a high octane blend of public records and enhanced appraisers data that can be sorted, downloaded and integrated seamlessly into appraisal forms with just a few mouse clicks. The...…
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Many appraisers are spending their time worrying about how and when AVMs will replace their services but few actually understand how AVMs are being used today. I hope this article will debunk some commonly held beliefs and shed light on how AVMs are being used today. It will also take you inside the review…
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Appraisers: Doing the Bump “Bump Logic” and Why It’s in Your Future This is why you may be doing the “bump” in the near future, even if you don’t dance. “Bump Logic,” as explained at the recent Predictive Methods Conference (hosted by Veros Software), is the process of selecting the appropriate valuation method for a...…
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Editor’s Note: In this visionary piece, David Biggers introduces you to the future of appraising. Internet: Highest and Best Use By David Biggers When it comes to technology, the appraisal industry has gone through two major upheavals over the past 20 years and is in the process of a third. The first two shifts substantially...…
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Editor’s Note: Support the in-depth and balanced reporting that your important industry deserves with a paid subscription to Working RE. Subscribe today ($30 annual) to guarantee delivery of Working RE and receive hundreds of dollars in discounts on education and other services! Special Edition: Appraisal Industry: A House Divided? AARO Mud fight, Run Away State...…
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