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Class Valuation Requests for Proposals

Appraiserblogs

Last week, Class Valuation, the esteemed AMC known for their impeccable reputation, sent out an email to appraisers claiming that they do not “bid for the cheapest and fastest appraisal.” Just imagine the appraisers scrambling to put together PowerPoint presentations and fancy graphs to impress Class Valuation.

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Class Valuation Maximizing ROV Conversion Rates

Appraiserblogs

Recently, Class Valuation took to social media to boast about their Reconsideration of Value’s process (ROVs), claiming higher conversion rates and urging clients to choose them for a confident closing. Related Posts: Class Valuation Requests for Proposals It turns out they were actually rejecting your proposals and not your bids!

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Valuation Connect Demands Licenses, Denies Fair Pay

Appraiserblogs

Based on the local market appraisal fee, Valuation Connect values the “appraisal expertise” component of a hybrid appraisal at 18% of what the consumer pays for an appraisal. This firm hasn’t awarded us work in about two years, and they only hire us when they are in a jam, and we require the local market rate.

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Race and the Property Valuation Industry

Appraisal Buzz

The second appraiser could also have been incompetent, resulting in an over valuation of the couple’s property. The property valuation industry has a system for dealing with situations where a home’s appraised value is in dispute; it’s called the review process. Let’s unpack this situation…. My Journey.

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Under-Valuations Unrelated to Racial Bias

Appraiserblogs

The AEI Housing Center recently released an analysis revealing that reports by the Federal Housing Finance Agency (FHFA) and by Brookings, attributing the greater prevalence of under-valuations in home purchase appraisals. The post Under-Valuations Unrelated to Racial Bias appeared on Appraisers Blogs.

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VA Alternative Valuation Methods

Appraiserblogs

On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. The post VA Alternative Valuation Methods appeared on Appraisers Blogs.

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How U.S. Home Valuations Are Being Subverted

Appraiserblogs

At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations.

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