Appraiserblogs

AUGUST 1, 2022

She went from viewing occupational licensing as a necessary means to protect the safety and welfare of the public to a cynical tool promoted by established businesses to erect barriers against innovation and competition. Are Bifurcated Appraisals Legal in Your State? Those promoting these questionable products claim it will reduce….

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Housing Wire

SEPTEMBER 13, 2023

The Appraisal Institute , the nation’s largest professional association of real estate appraisers, has launched a new program to increase the ranks of veteran and minority appraisers. With the AI PAREA program, participants can appraise properties virtually with one-on-one guidance from a mentor to become credentialed.

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Appraisal Buzz

APRIL 18, 2022

In response to this, mortgage fulfillment services provider SitusAMC has added a Licensed Underwriting offering as a component of its Loan Fulfillment Support Services. The post SitusAMC Adds Licensed Underwriting to its Loan Fulfillment Support Services appeared first on Appraisal Buzz.

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Housing Wire

DECEMBER 23, 2022

The Federal Housing Finance Agency (FHFA) isn’t doing all that it can to prevent appraisal bias, according to the agency’s Office of Inspector General. It should also alert regulators and licensing authorities when it files complaints against appraisals, the OIG said. million active appraisal records to the U.S.

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McKissock

MAY 11, 2023

All real estate appraisers must pass the National Uniform Licensing and Certification Examination as the final step toward earning their appraiser license. According to The Appraisal Foundation exam statistics for 2022 , 1 in 3 people fail the Licensed Residential exam and the Certified Residential exam on the first try.

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McKissock

JANUARY 4, 2022

You know there are good reasons to upgrade your appraisal license —including making more money —but you might be unsure of how to go about it. Depending on your state and the license level you wish to attain, the exact steps for how to upgrade your appraisal license will vary slightly. Self-evaluation. Your score.

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Appraisal Buzz

APRIL 20, 2022

PERSON OF THE WEEK: Licensing is an extremely important aspect of mortgage compliance, yet it is often taken for granted. – require licensing services. – require licensing services.

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McKissock

MARCH 18, 2022

Only 42% of the 78,000 state-credentialed appraisers in the United States are certified general appraisers. If you’re growing tired of appraising simple properties or you’re ready to take on more complex assignments with more income potential, it may be a good time to upgrade your appraisal license.

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Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!

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George Dell

NOVEMBER 3, 2021

Appraisal is just one type of valuation, done by super-regulated, licensed appraisers. The post Is Appraisal Modernization Stymied? We have big financial resources. We have motive. We have huge organizations in place. And we have regulatory clout! Competing valuation products, like AVMs (Automated […].

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Appraiserblogs

MAY 11, 2022

It provides no better illustration of how occupational licensing promotes groupthink and intolerance to differing viewpoints… CALIFORNIA: WHERE RIGOROUS INQUIRY GOES TO DIE It smothers innovation and silences debate. Low Appraised Value = Racial Bias? Appraisers Take Heed Her plight is an attack on occupational licensees everywhere.

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Chicagoland Appraisal Blog

MARCH 9, 2024

Sometimes consumers equate the appraisal inspection as a professional home inspection. Home Inspection A licensed home inspector performs a home inspection. Home inspectors are required to adhere to the standards set forth in the Home Inspector License Act [225 ILCS 441] , ensuring a thorough and professional home inspection.

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Housing Wire

SEPTEMBER 19, 2023

One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water. What is a real estate appraisal? A real estate appraisal is the assessment of a property’s value. Appraisals are required for homes financed with any type of mortgage. Why are appraisals important?

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Miller Samuel

MAY 18, 2021

Over the past year, beginning with this NY Times piece: Black Homeowners Face Discrimination in Appraisals that initiated a rising progression of news stories covering discrimination in the appraisal of houses. I've been an appraiser for 35 years and it's been very clear that there is nominal diversity in my profession.

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McKissock

JANUARY 18, 2022

Are you looking for reasons to upgrade your appraisal license ? Here are some stats to consider: As of December 31, 2018, only 42% of the 78,000 state-credentialed appraisers in the United States were certified general appraisers. Here are some top reasons to upgrade your appraisal license: 1.

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Housing Wire

JUNE 6, 2023

Nationwide Property & Appraisal Services LLC (NPAS), a pioneer in the real estate appraisal sector, announced on Tuesday the launch of its product line, Pinnacle Desktop Appraisals. By separating the data collection and valuation processes, potential bias is eliminated, ensuring that homeowners and appraisers never meet.

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Appraisal Buzz

JANUARY 24, 2022

LOUIS — January 24, 2022 — With Fannie Mae and Freddie Mac accepting desktop appraisals beginning in March, Incenter Appraisal Management and McKissock Learning are partnering to help appraisers update their remote inspection skills in response. About Incenter Appraisal Management. Click here to register.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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McKissock

NOVEMBER 2, 2021

If you are considering a career in real estate appraisal, you’re probably curious about appraiser salary and income potential. According to the Bureau of Labor Statistics, the median annual wage for all appraisal license levels was $58,650 in 2020—$16,700 more than the median annual wage for all occupations in the U.S.

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Housing Wire

MAY 7, 2021

The booming real estate market has created a high demand for appraisal services. This is good news for lenders, but it puts a tremendous amount of pressure on appraisers who have to be diligent in their work, while also meeting closing dates. HousingWire: What’s the biggest pain point appraisers are currently facing?

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The Appraiser Coach

APRIL 27, 2021

It is possible to be simultaneously licensed and practicing as a real estate appraiser while also being a licensed and practicing real estate agent. The answer is yes, but there. Read More.

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Appraisal Buzz

JULY 26, 2021

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. This article addresses several issues with the real estate appraisal profession that are worthy of further examination and comment.

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Valuation Review

MAY 8, 2023

The Portal for Appraisal Licensing Act was reintroduced in the U.S. House of Representatives. PAL #bipartisanlegislation #appraisallicensingmodernization

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Appraisal Buzz

DECEMBER 8, 2021

The Residential Staff Appraiser position is responsible for completing appraisals on a wide variety of properties, including single family dwellings, 2-4-unit properties and vacant land. Completed appraisal reports are expected to follow accepted appraisal techniques and methodology which adhere to USPAP, lending and bank guidelines.

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McKissock

OCTOBER 2, 2020

In July 2020, the Tennessee Real Estate Appraiser Commission approved three qualifying education courses to be completed online. Basic Appraisal Principles, Basic Appraisal Procedures, and the 15-hour National USPAP Course no longer have to be completed in a live classroom. How to become an appraiser in Tennessee.

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Appraisal Buzz

MAY 26, 2021

In today’s Buzzcast, we dive into a firsthand account from a new appraiser of the Appraiser Diversity Initiative (ADI) by Fannie Mae and the challenges facing trainee appraisers today. They delve into what exactly he faced during the program and how diversity in the appraisal industry is necessary for its continual growth.

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Appraisal Today

DECEMBER 2, 2022

NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience. Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process.

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Appraisal Buzz

NOVEMBER 15, 2021

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. Matt’s random thoughts are strictly for your entertainment.

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Appraisal Buzz

JANUARY 10, 2022

When it comes to the appraisal report, there are five primary risks lenders are working to mitigate. Here’s a brief look at valuation risk through the eyes of a lender or an Appraisal Management Company. Risk 1: Appraiser risk. Banks are required by regulation to use licensed and certified appraisers.

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Appraisal Buzz

OCTOBER 27, 2021

“A New Appraiser Discusses his Journey into the Industry” was originally published in May 2021. In this Buzzcast, we have Marcus Knight, a recently licensed appraiser diving into his firsthand account with the Appraiser Diversity Initiative (ADI) by Fannie Mae and the challenges facing trainee appraisers today.

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Appraisal Buzz

JULY 16, 2021

Are you about to take your appraisal licensing and certification exam and have knots in your stomach? Then you’re in luck, because our Pro-Series webinar, “Proven Test Taking Tips for Your Real Estate Appraiser Exam,” is back by popular demand! Sign up now.

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Appraiserblogs

DECEMBER 22, 2023

“Well, I guess no one will be doing appraisals in New Jersey… or maybe the standard fee is going to be $10,000?” said one appraiser. Related Posts: New Suspicious Law in CA.any suspicion of a discriminatory appraisal by the holder of a real estate appraiser license.

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Appraisal Buzz

JUNE 14, 2021

Fannie and Freddie are slowly rolling back some of the COVID-era regulations that have facilitated getting appraisals done during the pandemic. Appraisers are starting to get one-off requests from Fannie and Freddie for more information and an interior inspection, even though the property already had a COVID-alternative accepted.

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Appraisal Buzz

MAY 23, 2022

As an appraiser, I cannot help but make the connection between the characters in the book and appraisers. Complainers like Hem and Haw are abundant in the appraisal world. They are the most vocal amongst us appraisers. Most of the appraisers that identify with Scurry and Sniff, that’s who! This is inevitable.

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Housing Wire

DECEMBER 8, 2022

Appraisal turn times have historically been a pain point in the mortgage process and in boom times, when transaction volumes soar, turn times tend to be one of the first casualties. In 2020 and 2021, for example, some markets saw appraisals take as long as three to six weeks. What’s going on? New products speeding up the process.

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George Dell

AUGUST 11, 2021

“Appraisal is not an exact science” are words I used to hear a lot. In the USA, appraisal is an opinion of value by an appraiser. Licensed, and when required, for “federally related transactions”.) The post Is Appraisal Scientific? The post Is Appraisal Scientific? However, they are […].

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Appraisal Buzz

MARCH 21, 2022

Now that the GSEs have approved desktop valuations for purchase, appraisers need a way to collect trustworthy, verifiable data while also submitting floor plans on reports! Join us for our upcoming webinar on March 22 nd at 2 pm, “ Appraiser-Controlled Desktop and Remote Valuations ” with Mark Walser and Lisa Ratzke!

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