Real Estate Appraisers

AMC Fails: Appraisers Stiffed Again

Editor’s Note: Fast becoming one the profession’s most pressing problems, another AMCs has failed; this time leaving individual appraisers owed thousands or tens of thousands of dollars. How the lender and regulators respond may create important precedence for the industry. AMC Fails: Appraisers Stiffed Again by Isaac Peck, Associate Editor Evaluation Solutions/ES Appraisal Services is… Read More

Lender Paying Appraisers Stiffed by AppraiserLoft

Editor’s Note: Hundreds, possibly thousands of appraisers are left with unpaid invoices as a result of AppraiserLoft shutting its doors; now one major lender is stepping up and paying up. Lender Paying Appraisers Stiffed by AppraiserLoft By Isaac Peck, Assistant Editor The argument is unsettled to what degree lenders are responsible for the agents they… Read More

Customary and Reasonable Assignments

Editor’s Note: Andy Anderson looks around and ahead toward fixing a now broken appraisal profession. Customary and Reasonable Assignments By Andy Anderson The appraisal profession was not broken. Just like other professions, there were (and are) some bad actors, but appraising was not broken and should have been allowed to do its job correctly. That is not… Read More

Mobile Appraising: Saving Both Time and Money

Mobile Appraising: Saving Both Time and Money By Dustin Harris, “The Appraiser Coach” Appraisers who are truly ‘mobile’ are using laser measurers, tablet PCs or smartphones, and software to upload reports remotely to the office to be more competitive- to save time and money. As I travel the country mentoring various appraisal business owners, I… Read More

Turning Tide? Appraiser Independence Legislation

Turning Tide? Appraiser Independence Legislation * Mortgage Reform and Anti-Predatory Lending Act * CRS report on H.R. 3915 * Explanation of HOEPA loans * H.R. 1852: Expanding American Homeownership Act Still Pending in Congress * The Homeownership Preservation and Protection Act of 2007 * H.R. 1723: Fair FHA Appraisal Act, or visit http://www.opencongress.org/bill/110-h1723/show * H.R.… Read More