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- AppraisalPort Weekly Poll Analysis: Property Data
- Appraisal Institute Northern CA Chapter Annual Spring Conference
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- AppraisalPort Poll Analysis – Source of Work
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Category Archives: Appraisal Institute
Appraisal Institute Northern CA Chapter Annual Spring Conference
On the last Monday in March in Modesto, CA, I attended the Annual Spring Conference of the Appraisal Institute’s Northern California Chapter. This month, I want to share some very useful information from one of the presentations that concerned both the national and California markets.
The presentation was given by Mr. Loren Gonella, who runs Coldwell Banker Gonella Realty in Merced, CA. I was impressed with Gonella’s extensive… Continue reading
Posted in Appraisal Institute
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Recap: Effective Collateral Risk Management Panel at AI National Conference
Last month I mentioned that I attended the Appraisal Institute’s national conference in San Diego on Aug. 1-3. This month I will cover some interesting highlights from the panel discussion on Effective Collateral Risk Management. The panel moderator was Leland Trice, Principal, The Trice Group. The panel consisted of Danny Wiley, VP, Staff Appraiser Manager, LSI; Rick Foos, President, Foos & Associates; Ernie Durbin, Director of Valuation Technologies, Valuation Vision… Continue reading
Posted in Appraisal Institute, Appraising
Tagged AMCs, Appraisal Institute, Flagstar Bank, valuation
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UAD Aftereffects: Are You Really UAD Compliant?
On April 4, 2012, the Appraisal Institute sponsored a two-hour webinar, “UAD Aftereffects: Are You Really UAD Compliant?” I attended this webinar to bring you some of the important highlights. The knowledgeable speakers included: Robert Murphy, Director of Property Valuation and Eligibility at Fannie Mae; Steven Feyerick SRA, Director of Collateral Policy at Freddie Mac; AJ Jackson, Vice President and District Manager of LandSafe Appraisal Services; and Dawn M… Continue reading
Posted in Appraisal Institute, Appraising
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Pop Quiz: Do you know the three UAD Ratings…
Pop Quiz: Do you know the three UAD ratings to describe the overall effect on value and marketability of the view factors associated with the subject property? The answer is after the break.**
Sept. 1, 2011, is a date residential appraisers do not need to mark on our calendars. We have had it embedded in our minds for at least the past 7 months. Sept. 1 usually brings to… Continue reading
Posted in Appraisal Institute, Appraising, Data Delivery
Tagged Appraisal Institute, appraisal reports, Fannie Mae, Freddie Mac, Sept. 1, UAD, UMDP
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Appraising’s Secret to Success
I’ve been closely associated with the real estate appraisal industry for more than 20 years. I’m not an appraiser but I’ve been connected to and know many appraisers as co-workers, associates, clients, and/or friends. I’ve watched this relatively small, close-knit community survive major changes in the market and industry, and still maintain thriving businesses. Appraisers seem to have limitless hope; they are dedicated to the profession and seem to truly… Continue reading
Posted in Appraisal Institute, Appraising
Tagged Appraisal Institute, appraising, education, real estate
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Appraisal Institute Course A Great Value
Although appraisers and underwriters have different roles in mortgage lending, their responsibilities are interrelated. Common goals focus on making certain that appraisal reports are well documented and the valuations are supported. Reviewers, quality control personnel, real estate brokers and agents also share these goals.
This past summer I took a continuing education seminar through the Appraisal Institute entitled, “Whatever Happened to Quality Assurance in Residential Appraisals: Avoiding Risky Appraisals and… Continue reading
Posted in Appraisal Institute, Appraising, Underwriting, Valuation
Tagged Appraisal Institute, appraising, continuing education, FNC
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The Real Estate Market Was Cold Enough before the Foreclosure Freeze
As if the real estate market wasn’t facing enough pitfalls, the process of flushing the foreclosures through the system has created a new challenge–a legal one. All 50 states’ attorneys general are suing or requesting servicers to stop foreclosing because of their practices. This behavior has damaging implications on the recovery of the real estate and mortgage industry.
Falling home prices and record defaults caused enormous problems within the foreclosure… Continue reading
Posted in Appraisal Institute, Legal, Lending, Mortgage, Valuation
Tagged accountability, Bank of America, foreclosure, mortgage servicing
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