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Appraisal Institute lobbies Congress for less rigid standards
Posted Date: Wednesday, May 27, 2015
More than 100 Appraisal Institute professionals descended upon Capitol Hill May 20-22 in hopes of bringing about national change in how the appraisal profession is regulated. Keep reading to see why the institute said it’s time to ease the regulatory burden on appraisers, and what types of changes it’s advocating.
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What’s missing in appraisal education, and how to fix it
Posted Date: Wednesday, May 20, 2015
There are a number of issues facing appraisers today — low fees, scope creep and the influence of risk assessment models, to name a few. And although these issues merit discussion, it also makes sense to consider ways that appraisers might prepare themselves to face these obstacles before they take center stage. Keep reading to see what a pair of industry experts said is missing in appraisal education and how fixing the way appraisers are taught might lead to a stronger profession overall.
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Shortage of appraisers imminent, experts say
Posted Date: Monday, May 25, 2015
The disproportionate number of appraisers set to retire in the coming years, compared with the number of appraisers expected to join the workforce, has mortgage professionals of all disciplines scratching their heads asking, “What’s next in home valuation?” Read on to see what the potential impact could be.
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MBA’s Stevens wants end to ‘dialogue of distrust’
Posted Date: Monday, May 25, 2015
Mortgage Bankers Association President and CEO David Stevens recently took sharp aim at regulators, saying the Qualified Mortgage rule does not work, that lenders live in an environment of fear, and that the “dialogue of distrust” in the industry must come to an end. Read on for all the details from Stevens’ speech.
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The day the appraisals (almost) died
Posted Date: Wednesday, May 20, 2015
Appraisers across the state of Illinois probably thought they still were dreaming when they awoke earlier this month to find that more than 70 of the state’s appraisal management companies were on the verge of getting their licenses revoked for failure meet the state’s bonding requirements. However, despite reports of the contrary, the state ultimately decided not to suspend the licenses at the 23rd hour. Keep reading for the details.
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Appraisal Institute announces nomination of vice president
Posted Date: Wednesday, May 20, 2015
The Appraisal Institute National Nominating Committee announced its nomination for the 2016 Appraisal Institute vice president seat at a May 6 meeting in Chicago. Continue reading to see who the committee picked to assume leadership within the organization next year.
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Appraisal provider names new executive to oversee valuations
Posted Date: Monday, May 25, 2015
A nationwide provider of appraisals, broker price opinions, and other valuation-related products to the financial services industry has appointed a 20-year veteran as its new assistant vice president of operations. Keep reading for the details.
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AI talks about the value landscaping brings to housing
Posted Date: Monday, May 25, 2015
The Appraisal Institute, the nation’s largest professional association of real estate appraisers, sent out a release May 19 encouraging homeowners to maintain their landscaping to potentially enhance their property’s value. Keep reading for the details.
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Housing production back to highest level in years
Posted Date: Monday, May 25, 2015
According to new data, nationwide housing starts in April rose to the highest level in years, causing one industry expert to say, “This month’s report shows … evidence of a sustainable housing recovery.” Keep reading to learn more.
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Home prices across the country on pace to meet pre-crash levels
Posted Date: Wednesday, May 27, 2015
Home prices across the county are approaching levels not seen since the days leading up to the housing crash, causing some industry experts to wonder whether the continued overvaluation of today’s market is unsustainable. Keep reading for the details.
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Leader of million-dollar appraisal scam sentenced
Posted Date: Monday, May 25, 2015
The first domino fell in the prosecution of a New York mortgage fraud ring that profited off of scamming first-time homebuyers. The leader of the ring was sentenced up to seven years in prison May 21. Keep reading to see how the scams hinged off of fraudulent appraisals prepared by a veteran New York appraiser.
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Battle over mobile-home appraisals nears conclusion
Posted Date: Wednesday, May 27, 2015
The uncertain future of a California mobile-home park whose properties were at the center of a hotly contested debate amongst appraisers now seems clear after the city council ruled May 26. Continue reading to see how the city council opted to settle the appraisal dispute.
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New property research solution hits the market
Posted Date: Wednesday, May 27, 2015
A new property research solution built on the industry’s largest database of property and homeowner information and document images was unveiled May 27. Keep reading to see how the new software is designed to give real estate professionals more capabilities when researching a property.
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Company announces direct connection to FHA appraisal portal
Posted Date: Wednesday, May 20, 2015
A provider of collateral valuation services and predictive analytics for the mortgage industry has developed a solution for lenders and technology vendors interested in the option of implementing a direct connection to FHA’s recently announced Electronic Appraisal Delivery portal for electronic appraisal submission. Keep reading for the details.
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AMC announces integration to streamline communication
Posted Date: Wednesday, May 27, 2015
An independently owned nationwide appraisal management company announced an integration to help streamline communication with lenders. Keep reading to learn how the integration is designed to facilitate timely updates and document submission between the AMC and its lender clients.
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NS3 Preview: Panel to discuss TRID compliance as Aug. 1 approaches
Posted Date: Wednesday, May 20, 2015
Harry Gardner, vice president of eStrategies at Ellie Mae, will discuss how settlement agents and their partners can comply with the changing TILA-RESPA Integrated Disclosure rule at the National Settlement Services Summit (NS3) June 10 in Atlanta. Keep reading to learn more about what Gardner and his fellow panel members will be touching on in the run up to Aug. 1
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AMC to donate to veterans for every mortgage appraisal in May
Posted Date: Wednesday, May 20, 2015
A leading AMC announced it is celebrating Military Appreciation Month by giving back to active military personnel and veterans for each appraisal completed through May. Keep reading to learn about the AMC honoring the nation’s servicemen and women.
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