Saving Photos as an Appraiser

The Appraiser Coach

It is no secret that we as appraisers take a lot of photos. I probably take about 20-25 per house that I inspect. Then there are all the comp photos. Read More.

Agents, Don’t Skip the Appraisal

The Appraiser Coach

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.

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Keeping the Appraiser in the Appraisal Process

Appraisal Buzz

In today’s Buzzcast, we dive into the appraisal process and how appraisers need to remain in the forefront of it all. Today we have Mark Walser, President of Incenter Appraisal Management, with Joan Trice, Founder of Allterra Group, LLC.

Appraisers: Fraud is Not Okay

The Appraiser Coach

Some people might say a public forum isn’t the place to air this dirty laundry, but this is not really a public forum. Of my thousands of readers, very few. Read More.

Modernizing Appraisals: Collaborative Valuation

Appraisal Buzz

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. Our profession has been abuzz the last year or two with regards to the GSEs being mandated to modernize the appraisal profession. From there it is assigned to the appraiser, and the team.

How Appraisers are Handling Market Value

Appraisal Buzz

In today’s Buzzcast, we dive into the hot button issue of how appraisers are handling this market. In what ways are appraisers reacting? How is this information beneficial to the future of appraising?

The Appraisal Process in Spain

Appraisal Buzz

In today’s Buzzcast, we dive into the appraisal process in Spain and what we can learn and take away from their methods. We’ll be getting the inside scoop while they discuss the differences between the appraisal processes in Spain versus in the States.

Random Thoughts of an Appraiser – Part 6

Appraisal Buzz

Matt Simmons has been busy with his sixth edition of “Random Thoughts of an Appraiser!” There are plenty of times where appraisers have collectively had thoughts or concepts that can be communicated and/or questioned in a sentence and don’t need a dedicated article. The APPRAISAL is.

HUD official talks appraisal bias task force

Housing Wire

A liberal think-tank, regulators, the government-sponsored enterprises, the President of the United States, even fintech firms have all called attention to appraisal bias. Marcia Fudge with leading an inter-agency task force to root out bias in appraisals.

Appraisers: Pay Attention to Policy

Appraisal Buzz

Local, State, and Federal policy can play a significant role in an appraiser’s business – it is important to stay informed about what is happening around us. Most appraisers have been busier than ever over the past year and may be struggling to keep up with deadlines.

Appraisers – Don’t Fall for the Scam!

Appraisal Buzz

In today’s Buzzcast, we dive into the recent phone scam that has been targeting appraisers. Today we have Joan Trice, Founder of Alterra Group, and Alan Pair, Chief Appraiser of SVP Valuations. Why and how are appraisers being targeted? appeared first on Appraisal Buzz.

Your Best Friend as an Appraiser

The Appraiser Coach

Many appraisers work out of our homes, not interacting with office staff or other appraisers. Even when we’re out, we’re still doing work-related tasks like shooting pictures and doing inspections. Read More.

Opinion: The path to modernizing the appraisal process

Housing Wire

And the appraisal process is no exception. After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. The modern appraisal movement is accelerating.

How Tech is Working on the Solution to the Appraiser Shortage 

Appraisal Buzz

The shortage of appraisers within the industry has been well publicized recently and no doubt plenty of you reading this article have experienced the impact of this shortage first hand. According to the Appraiser Institute , more than 10,000 appraisers have left the industry since 2013.

Lessons from German Appraisers

Appraisal Buzz

and Germany appraisers can learn from each other. What exactly are appraisers seeing in the current market? How does the appraisal process differ compared to Germany? Become an Appraisal Buzz Forum Member and comment below or email comments@appraisalbuzz.com.

Oakland homeowner alleges appraiser bias

Housing Wire

Cora Robinson, who is Black, claims that appraiser Thomas Kearney violated the Fair Housing Act by undervaluing her home by over $400,000. Robinson also names as a defendant Class Valuation , an appraisal management company.

Learning from the Appraisers Down Under

Appraisal Buzz

In today’s Buzzcast, we dive into the current appraisal market and what U.S. and Australian appraisers can learn from each other. We’ll be getting the inside scoop while Joan and Chris discuss how we can streamline the appraisal process like they do in other countries.

FHFA to make desktop appraisals permanent

Housing Wire

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. How do remote valuation solutions benefit appraisers?

Role Play: Appraisers and their Intended Uses

Appraisal Buzz

Tell someone that you’re a professional fee appraiser and most folks won’t have any idea what that really means. In truth, human appraisers fill two vitally important roles today, (1) we collect information and (2) we analyze it so it can be presented to our clients.

Is Appraisal Obsolete (The Process)?

George Dell

In order to fully consider the place of appraisal—we have to look at the entire […]. The post Is Appraisal Obsolete (The Process)? Appraisal Obsolete Series Critical Thinking #AppraisalObsolete #ObsoleteProcess EBV

How Much Should a New Real Estate Appraiser Charge?

The Appraiser Coach

I was recently asked by a newbie in real estate appraisal how much I think a new real estate appraiser should charge. Many new appraisers and trainees want to get.

Dear Appraisers, Why do You Care about Your Competition’s Fees

The Appraiser Coach

As appraisers we often wear at least two different hats. You have heard me talk about the business owner cap versus the technician cap. While we often play both roles, Read More.

Increasing Diversity in Appraisal Profession.

Appraisal Buzz

The Urban Institute recently released a blog post entitled – Increasing Diversity in the Appraisal Profession Combined with Short-Term Solutions Can Help Address Valuation Bias for Homeowners of Color. The article accurately notes the lack of diversity in the appraisal profession.

Is Appraisal Obsolete?

George Dell

Other valuation methods and appraisal […]. The post Is Appraisal Obsolete? Appraiser Critical Thinking EBV© Education #changesinappraisal #criticalthinkingObsolete! Such a harsh word. Can it be? Is the problem convolution? Does it mean I will soon be obsolete? Not needed?

3 Ways Agents Can Help Appraisers to Be More Accurate

Cleveland Appraisal Blog

In most parts of the country, real estate appraiser’s main source of data is the multiple listing service. Let’s talk about three areas of a listing that, when completed accurately, can help appraisers to develop more supportable opinions of value. – APPRAISAL TODAY.

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Recruiting the next generation of appraisers

Housing Wire

The appraisal industry’s lack of diversity — in terms of age, gender and ethnicity — and the growing number of appraisers exiting the profession as they reach retirement age have been well-documented issues. Most appraisers are also white males (77% male, 85% white).

VA hikes appraisal fees, turn-times in select markets

Housing Wire

The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. Conventional buyers who need an appraisal done quickly can pay a premium. .

Can You Be an Appraiser and an Agent at the Same Time?

The Appraiser Coach

It is possible to be simultaneously licensed and practicing as a real estate appraiser while also being a licensed and practicing real estate agent.

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Is Appraisal Modernization Stymied?

George Dell

Appraisal is just one type of valuation, done by super-regulated, licensed appraisers. The post Is Appraisal Modernization Stymied? Appraisal Modernization Series Critical Thinking Future of AppraisalModernization means bring in modern methods. What are they?

An Opportunity to Change the Appraisal Industry

Appraisal Buzz

Fannie and Freddie are slowly rolling back some of the COVID-era regulations that have facilitated getting appraisals done during the pandemic. This would mean using technology backed by an experienced, licensed appraiser to solve a real problem and make turn times much faster.

Embracing New Technology and Desktop Appraisals

Appraisal Buzz

In today’s Buzzcast, we dive into the new technology that has emerged and how desktop appraisals are influencing the future of the industry. We’ll be getting the inside scoop while they discuss the hot topics impacting appraisers every day.

A New Appraiser Discusses his Journey into the Industry

Appraisal Buzz

“A New Appraiser Discusses his Journey into the Industry” was originally published in May 2021. When I heard about the Appraisal field, I was instantly intrigued and wanted to know more. I couldn’t have imagined that more than a year from now I’d be an Appraiser Trainee.

Appraisal Foundation: Appraisers must take course on bias

Housing Wire

Reacting to headlines pointing to racial bias in some home appraisals, the Appraisal Foundation this week said that it would require all appraisers to take a seven-hour course focused on fair housing laws and bias. Soon after, the Appraisal Foundation took control of USPAP.

Bracing for Impact: Navigating Accusations of Bias in Appraising

Appraisal Buzz

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. As a black appraiser responsible for collateral risk at a mortgage bank, racial bias in appraising claws at me from every direction.

FHFA extends relaxed appraisal, lending standards

Housing Wire

The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The post FHFA extends relaxed appraisal, lending standards appeared first on HousingWire.

Is the appraisal process color-blind?

Housing Wire

Recently, at an event marking the 100th anniversary of the Tulsa Race Massacre , President Biden announced the launch of a new interagency task force to root out what it calls inequity in the appraisal industry. The dramatic change in value from two appraisals seems unusual.

Appraisers give HUD an earful during bias roundtable

Housing Wire

As federal efforts to rid the appraisal profession of bias move forward, appraisers still have some burning questions. Hundreds of appraisers and representatives from appraisal management companies showed up.

Susan Rice to co-chair HUD appraisal task force

Housing Wire

The interagency task force to combat inequity in appraisals, led by Housing and Urban Development Secretary Marcia Fudge, will be co-chaired by former United Nations ambassador Susan Rice. How to reduce appraisal turn times and improve the borrower experience.

The Best Idea for IT Support for Your Appraisal Office

The Appraiser Coach

Technology is important to your business. Sometimes, it can be a challenge to keep your computer, your systems, your network, your internet, and the software you use all running and. Read More.

Voxtur acquires appraisal software firm Anow

Housing Wire

closed on the acquisition of appraisal management software firm Appraisal Now for approximately $30.5 Appraisal Now, better known as “ Anow ,” makes an automated appraisal workflow management platform for the global appraisal market.

Will hybrid appraisals become the new normal?

Housing Wire

The Federal Housing Finance Agency (FHFA) announced Monday it is requesting input on the appraisal policies, practices and processes of Fannie Mae and Freddie Mac, especially as it relates to the GSEs’ appraisal modernization efforts.

Obstacles to tech adoption & the question of appraisal bias

Housing Wire

During a panel on residential appraisals, experts posed technology as a way to make appraisals more efficient and less subjective, as regulators take steps to understand and counteract bias. But tech adoption in appraisal might face an uphill climb.

The New Appraisal Buzz Forum is Here

Appraisal Buzz

Appraisers are paid for their opinion. Because of that, we’ve modified the Appraisal Buzz website to give appraisers a playground for open discussion. If you haven’t had a chance yet to check it out, take some time to hit us with your opinions in the Appraisal Buzz forum.