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AMC exec says C&R regulations can be confusing
Posted Date: Monday, February 22, 2016
The Dodd-Frank Act gave the Consumer Financial Protection Bureau the authority to draw regulations to define what customary and reasonable (C&R) fees are that should be paid to appraisers. Because the bureau has yet to promulgate such rules, some states have conducted their own fee studies to determine what C&R fees are, and to what standard they should hold AMCs. One AMC executive says navigating different standards and fees from state to state, or complying with earlier federal regulations in states which have not done fee studies, can be a confusing task. Read on for more details.
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AI president addresses fiduciary rule concerns
Posted Date: Wednesday, February 24, 2016
The House Education and the Workforce Committee approved HR 4293 earlier this month, a bill which includes amending the definition of fiduciary under federal rules. The approval sparked some confusion on behalf of the Appraisal Institute (AI). What are these concerns, and can they be officially addressed before a final ruling? Valuation Review spoke with AI President Scott Robinson about it.
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Set standards could hinder an appraiser
Posted Date: Monday, February 29, 2016
In a profession where one would believe one set of policies and guidelines for everyone to follow would be a welcome sight, one appraisal expert believes such an implementation may “stifle” both expertise and creativity amongst appraisers. Valuation Review once again sought insight from Dustin Harris, the “Appraiser Coach,” who spoke about a universal plan among other topics. Read on to hear what he told us.
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Commercial Corner: Appraisal company ‘going commercial’
Posted Date: Wednesday, February 24, 2016
Metro-West Appraisal Co. has announced it will expand its operation to include commercial real estate valuation services. Valuation Review spoke with the company’s chief operating officer for more details on this expansion.
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Texas appraisal district nearly perfect in appraisals
Posted Date: Wednesday, March 2, 2016
The Harris County Appraisal District in Texas reported the initial results of the state comptroller’s 2015 Property Value Study to its board of directors. Read on to find out what those results were.
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Appraiser's award hold in eminent domain case
Posted Date: Monday, February 29, 2016
The value of a dozen acres located along a major interstate was the focal point of a Supreme Court case in Mississippi. A jury and a lower court agreed on the value of the property, but appraisers for both sides disputed the value and the case was appealed. Read on to see what the Supreme Court ruled on appeal of this case.
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Court backs appraisers, vacates law property value
Posted Date: Wednesday, March 2, 2016
The Kansas Supreme Court has made a change to the state’s property appraisal process lawmakers instituted in 2014, siding with a county appraiser’s department against freezing a property’s value for three years after a successful valuation appeal. Read on for more details surrounding this case.
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Jersey City revaluation case may hinge on ‘illegal’ contract change
Posted Date: Wednesday, March 2, 2016
As a judge in Hudson City, N.J., gets ready to announce his decision in a breach-of-contract trial between Jersey City and Realty Appraisal Co., the city has introduced a new argument into the proceedings regarding why the contract should not be honored. Read on to learn more.
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Officials say appraisals show IP rights valued fairly
Posted Date: Monday, February 15, 2016
DNC Parks & Resorts at Yosemite officials quickly responded to the government’s request that their claim for more than $10 million in damages tied to the loss of the Yosemite National Park concessions contract be dismissed, denying that their valuation of intellectual property was overvalued. Read on to learn more details of this case.
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Georgia chief appraiser predicts continued housing boom
Posted Date: Monday, February 22, 2016
It would not be shocking, according to a chief appraiser in Georgia, that more than 500 new homes would surface within his county in 2016. Read on to hear what this appraiser had to say about this rise in housing.
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Some agents inflating prices, MLS study shows
Posted Date: Monday, February 29, 2016
Are some realty agents hyping the pricing information on closed sales they report to their local multiple listing services? If so, who does this most affect and what are the ramifications of such a practice? Read on for answers to these and other questions.
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Affordability rises in fourth quarter
Posted Date: Monday, February 29, 2016
Modest home price and interest rate decreases resulted in a slight increase in nationwide housing affordability in the fourth quarter of 2015, according to a report from the National Association of Home Builders/Wells Fargo Housing Opportunity Index. Read on to find out what the numbers reveal.
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Home prices up from 2014, Quicken Loans report says
Posted Date: Wednesday, March 2, 2016
The Case-Shiller Home Price Index for December reported that home prices rose from 2014, and the 20-city index was unchanged from the previous month. Read on to learn more about what this market report revealed.
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CoreLogic names managing director
Posted Date: Wednesday, February 24, 2016
CoreLogic has hired a new executive to its new valuation solutions group. Read on to learn more about this appointment and what it means for the valuation division.
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Appraisal reports made easier with help of technology
Posted Date: Wednesday, February 24, 2016
Regression analysis is an accepted methodology for appraisers when it comes to calculating adjustments. Bradford Technologies helps appraisers with this by way of its Redstone analytics program. Valuation Review reached out to its CEO for a progress report.
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Technology provider releases due diligence whitepaper
Posted Date: Monday, February 29, 2016
A provider of technology-based solutions for the real estate and settlement services industry is offering a whitepaper that provides considerations for lenders or servicers charged with building out robust third party due-diligence platforms for compliance purposes. Read on for more details.
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ValuTrac aligns with EAD portal
Posted Date: Wednesday, March 2, 2016
ValuTrac announced the integration with FHA’s Electronic Appraisal (EAD) portal. Read on to learn more.
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Valuation company releases new report
Posted Date: Monday, February 22, 2016
Summit Valuations, LLC, announced that it will provide monthly reports to include real estate data and analysis of interest to mortgage loan servicers and capital market firms that trade mortgage portfolios. Read on to learn how these reports will enhance the overall marketplace.
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AMC adds new member to development team
Posted Date: Wednesday, February 24, 2016
ValuAmerica, a national title agency, appraisal management company (AMC) and technology provider, announced a new member will be joining its team. Read on to learn who it is and what this person will bring to the job.
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Property values unaffected by pipeline presence, IRR report says
Posted Date: Wednesday, March 23, 2016
The presence of an underground natural gas transmission pipeline does not affect the sales prices or value of residential properties, according to a new study. Read on to find out who put this study out and what parts of the country were examined with regards to property values.
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Commercial Corner: Commercial property brokerage firm up for sale
Posted Date: Wednesday, March 23, 2016
Cushman & Wakefield Inc., a commercial property brokerage controlled by Italy’s Agnelli family, hired two companies to assist in the sale of their own business. Read on to find out who will help make the sale, and why it is being done.
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National AMC expands sales team with new hire
Posted Date: Wednesday, March 23, 2016
CoesterVMS, a national appraisal management company, has hired someone to assume the position of account executive for the national sales team. Read on to hear what the newest member of the team had to say as well as comments from the company CEO.
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Georgia chief appraiser recommends revaluation of county
Posted Date: Monday, March 21, 2016
A chief appraiser says Baldwin County (Ga.) is in desperate need of a revaluation of properties. Read on to learn what information and data this appraiser supplied the county to validate his claim.
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Homeowners in denial about appraisals, report says
Posted Date: Monday, March 21, 2016
The difference of opinion between homeowners and appraisers on the value of their property widened in February for the first time in six months. Read on to learn what these numbers from Quicken Loans revealed.
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AI updates book addressing ‘Scope of Work’ concepts
Posted Date: Monday, March 21, 2016
“Scope of Work,” a book published by the Appraisal Institute, assists appraisers in objectively and impartially performing an evolving variety of services, the association says. Read on to learn more about the book and how appraisers can get their copies.
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Exceleras names new CEO
Posted Date: Monday, March 21, 2016
Exceleras, creators of the DispoSolutions REO management platform and the ValueSolutions enterprise collateral valuation management technology, announced an industry veteran has joined their leadership. Read on to learn the identity of this new administrator.
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Environmental testing next step for Florida appraised shelter site
Posted Date: Monday, March 21, 2016
The Lauderdale County Commission in Florida agreed to order an environmental assessment on 16 acres of property in Florence-Lauderdale Industrial Park, which has been identified as a site for a new city-county animal shelter. Read on to learn why such testing is necessary for the property.
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CFPB to offer webinar concerning mortgage disclosure rule
Posted Date: Wednesday, March 16, 2016
The Consumer Financial Protection Bureau, in conjunction with the Federal Reserve, is hosting a webinar addressing frequently asked questions regarding the Know Before You Owe mortgage disclosure rule. Read on to learn more and how to register for this program.
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