Contracts Lending Modernization Training 
Appraisal Buzz
APRIL 15, 2024
Reports in the new standard, will be dynamic, expanding and contracting, based on the scope of work for that appraisal assignment. Appraisers will want to make sure that their software vendors can accommodate non-lending work in their new platforms. No longer will appraisers find the right field and check the right box.
Appraisal Today
APRIL 19, 2024
For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. Private Money Lending – fast turn times, high fees. Their role is to provide impartial, data-driven opinions of value.
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Appraisal Today
JULY 28, 2023
Tired of working for AMC/lenders with their UAD, forms, “modernization”, words to not use, etc? Activities through the rest of 2023 and during 2024 will include software development, system updates and testing, and the kick-off of training for appraisers, AMCs, and mortgage lenders. Try doing non lender appraisals.
Appraisal Today
MAY 19, 2023
NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = The reality is you don’t know what you don’t know, especially if you’ve never done non-lending appraisals.
Appraisal Today
FEBRUARY 24, 2023
Even the larger appraisal firms (with deep pockets) who’ve spent the last few years aggressively training and recruiting appraisers, acquiring small appraisal firms, and rolling up their competitors have rapidly changed their tone. AMCs had taken over the mortgage-lending work. Budget cuts. Retraction. percent from 6.39 percent from 6.26
Appraisal Today
FEBRUARY 16, 2024
Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. This differs from residential, where small independent appraisal companies do most of the training. To read more about the 4 ways, plus information on why I take ads, etc.
Appraisal Today
NOVEMBER 17, 2023
While there is some overlap, being qualified to perform an appraisal requires much more training, education, and expertise, and the job goes far beyond gathering physical data. Myth #3: PDCs are not properly trained or qualified While there isn’t a license, PDCs are still required to be trained and competent to do their job.
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