Appraisal Institute lobbies Congress for less rigid standards
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.
Shortage of appraisers imminent, experts say
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.
What’s missing in appraisal education, and how to fix it
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.
Appraiser avoids jail for admission of guilt in $1M scheme
A Syracuse, N.Y., appraiser won’t face jail time for his role in a $1 million scheme to defraud prospective homebuyers after he confessed to inflating values as part of the scam. Continue reading for the details.
Blacklisted appraiser alleges pressure to inflate values
A Massachusetts appraiser seeking retribution after being placed on a lender’s “Do Not Use” list for the second time filed a lawsuit against the lender alleging that he was blacklisted for refusing to inflate values at the lender’s request. The lender, however, moved for summary judgement, claiming that the appraiser was put on the DNU list as the result of shoddy work. Keep reading to see who the court sided with.
New data backs why green appraising is the next big thing
If you’re still on the fence about whether green building is really set to take off, a look into recent data might make you consider signing up for those green valuation courses sooner rather than later. Keep reading for the details.