Appraisal Buzz
JUNE 7, 2021
Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. Buzz : Why do AMCs need the training?
Housing Wire
MARCH 26, 2024
The changes include communicating to applicants that they have the right to request a reconsideration of value (ROV); explaining why an ROV is denied or the valuation is unchanged; and training its credit, valuation and customer service staff on the topic.
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Housing Wire
MARCH 23, 2023
The White House also says that it is aiming to change the nature of the appraisal profession itself, “taking steps to remove unnecessary educational and experience requirements that make it difficult for underrepresented groups to access the profession and to strengthen anti-bias, fair housing, and fair lending training of existing appraisers.”
Housing Wire
JANUARY 18, 2023
There are several ways we can do that from how we allocate orders, set fee schedules, and handle reconsiderations of values. It’s important to make sure that your appraisal department and vendors are trained and understand all the criteria around each option. Consolidation and lower volumes. C) Appraisal Quality.
Housing Wire
JANUARY 24, 2022
Apart from questions of governance, the report found significant gaps in the Appraisal Foundation’s fair housing requirements and training. Appraisal complaints are most often made directly to the lender, when a borrower asks for a reconsideration of value. That process varies from lender to lender.
Birmingham Appraisal
FEBRUARY 20, 2024
The sales can be considered during the development of the appraisal rather than after it is completed through a reconsideration of value which can delay the home buying process. By making this information available to the appraiser upfront the appraisal process will go more smoothly.
Housing Wire
MARCH 9, 2021
The Department of Housing and Urban Development (HUD) has announced that JPMorgan Chase has come to an agreement with a Black homeowner who claimed the bank’s mortgage division – relying on a valuation done by an appraiser – valued her home at an amount lower than its actual worth because of her race.
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