The appraisal issue triggering higher CU risk scores
There is one appraisal issue that has jumped out front and center in the infancy of Fannie Mae’s Collateral Underwriter. It is being cited as the main cause of higher risk scores. Keep reading to find out what is leading to more reports being flagged than anything else, and what one industry expert says you can do to prevent it.
NY appraiser sues state for $10M
A New York property appraiser is fighting back to the tune of $10 million against the state that he claims ruined his reputation and destroyed his business. Keep reading to see the details behind the case that took a New York appraisal institution from 30 employees down to one, and what that appraiser is doing to get his livelihood back.
Appraisal district employees indicted for bonus scam
A chief appraiser of a Texas appraisal district and two fellow employees were indicted by the District Attorney’s Office on March 16 for their roles in scamming the county out of hundreds of thousands of dollars in unwarranted bonuses while in office. Keep reading to see what led to the trio getting caught.
Nine issues the appraisal industry needs to address
A group of six appraisal organizations have come together over the past year to both diagnose problems with the appraisal industry and offer potential solutions. Keep reading to see the nine things the organizations think need to change and why.
Rules for readdressing a report to another party
In an effort to help promote USPAP and dispel common myths about the appraisal profession, Valuation Review has partnered with experts from The Appraisal Foundation to answer your on-the-job questions about appraisal best practices. In this incarnation of Appraisal Q&A, the foundation lays out the rules for readdressing a report to another party after an assignment has been completed and the report has been delivered.
ASB chair explains USPAP changes
The Appraisal Standards Board of The Appraisal Foundation has finalized changes to the 2016-17 edition of the Uniform Standards of Professional Appraisal Practice. Valuation Review talked with the chairman of the ASB about what the changes are, why they’ve been made, and what appraisers need to know about the upcoming edition of USPAP.