Appraisers can be barred from interior inspections, court rules
The Supreme Court of New York’s Appellate Division, Fourth Judicial Department determined that Buffalo, N.Y., homeowners have the right under the Fourth Amendment to refuse appraisers entry into their homes during property assessments. Keep reading for the details.
Go where the jobs are: A look towards the future of appraising
The tectonic legislative- and institutional-level shifts in appraiser requirements over the past handful of years have left many appraisers to wonder what alternatives there are to the mounting regulations, lower fees, and scope creep that come standard with some residential assignments. Valuation Review talked with a panel of experts to see which specialized appraisal jobs are going to be most in demand over the next few years.
USPAP changes for 2016-17 announced
The Appraisal Standards Board of The Appraisal Foundation has announced changes to USPAP that will be incorporated in the 2016-17 edition of USPAP, effective Jan. 1, 2016. The modifications came as a result of 19 months of discussion, four exposure drafts of proposed revisions to USPAP, one exposure draft of new proposed Advisory Opinions, and edits to an existing Advisory Opinion. Keep reading to see what the 2016-17 edition of USPAP will look like.
Fannie addresses appraisal policy changes, blacklisting
Fannie Mae issued a Lender Letter Feb. 4 seeking to provide clarifications for lenders and appraisers regarding its recent policy updates, including those on making adjustments, selecting comps, and getting blacklisted by the AQM program.
Fannie letter addresses appraisers’ CU concerns
Fannie Mae released a Lender Letter Feb. 4 to clear up perceived misconceptions and misinformation among lenders and appraisers on the government sponsored enterprise’s policy changes over the past year-and-a-half. Not surprisingly, Collateral Underwriter was front and center among the topics the letter addressed. Keep reading to see what Fannie wanted appraisers to know about the rollout of CU.
Former Fannie analyst on CU: Appraisers bring your A-game
Long before the nationwide launch of Collateral Underwriter became the single most polarizing event since the 2000 presidential election, the appraisal risk assessment tool had a more inconspicuous inception within Fannie Mae. One former Fannie analyst talked with Valuation Review about the origins of CU, what appraisers need to know about complying with it, and why CU is actually good for the industry.