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Verification solutions provider Xactus acquires MassiveCert

Housing Wire

With the acquisition, Xactus will offer flood zone determinations to its clients by using its proprietary flood data and technology products, the firm said Wednesday. MassiveCert will be rebranded as Xactus Flood Solutions. The terms of the deal were not disclosed. Up until now, Xactus obtained data from third parties.

Insurance 311
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3 Things An Appraisal Should Tell You That You May Not Know

Cleveland Appraisal Blog

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? Slap a few sales in a report, and make a few guesstimate adjustments to come up with their opinion of a property’s value? Isn’t that all that appraisers do?

Appraisal 354
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Ethics is Our Solution

Appraisal Buzz

Appraisers are tasked with protecting the public trust, and yet, I have seen appraisers who knowingly and on an ongoing basis disregard facts and truth to provide reports with values or directions in values that advocate the cause of their client. Where does one go to question or clarify AVMs?

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Fannie Mae Takes A Closer Look at Appraisals

Appraisal Today

From accusations of bias or discrimination to failure to disclose significant real property appraisal assistance, it can be really alarming if a licensing board reaches out and notifies you of a complaint. Failure to analyze the sales history of the subject property. By McKissock November 15, 2022. To read more, click here.

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Reconsideration of Value and Appraisers

Appraisal Today

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Get the relevant date of value from the client or client’s attorney. Excerpts: 2.