COVID-19 Appraisal Risk Management by Isaac Peck, Editor Five months into the Coronavirus pandemic, it’s beginning to feel like this is the new normal. Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency (FHFA) have extended their appraisal flexibility guidelines through August 31, suggesting that the new alternative appraisals, such as the desktop and…
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> The Appraiser Coach > AMC Guide > OREP E&O ★★★★★ “They are knowledgeable, professional, and understand urgency.” – Joe Thweatt The Great Debate on Appraisal Fees by Isaac Peck, Publisher The appraisal industry is abuzz with a discussion about appraisal fees. The Consumer Financial Protection Bureau (CFPB) recently issued a Request for Information Regarding…
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by Isaac Peck, Associate Editor
The appraiser community is still reeling from the decision of a Florida bankruptcy judge to absolve JPMorgan Chase of all liability in the case of Evaluation Solutions/ES Appraisal Services (ESA) bankruptcy case.
Over 10,000 real estate appraisers and agent/brokers were left unpaid by…
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“Low Bid” Appraisal Ordering and Its Effect on Quality
by Isaac Peck, Associate Editor
Any appraiser who has worked with Appraisal Management Companies (AMCs) is likely familiar with the “order by email-blast” system that some AMCs rely on to fill orders.
The process goes like this: an AMC sends an email blast to all appraisers within a…
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by David Brauner, Editor
We hear a lot of appraisers complain that illegal influence continues today despite new federal and state regulations designed to remove it from the process. This survey hopes to shine light on what some of you are experiencing. The results are mixed.
Over 1,000 appraisers participated in the survey;…
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A recent lawsuit filed against Stearns Lending and its AMC, Trimavin, by the AMC’s former Chief Appraiser, Katherine A. Scheri, alleges that many of the practices that led to the extensive regulation of the appraisal industry are alive and well at one AMC/lender at least.
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Editor’s Note: Kenneth W. Brown, SRA wants you to work the system- in a good way. Appraisers- Working the System By David Brauner, Editor Kenneth W. Brown, SRA wants you to work the system- in a good way. Here’s what he means. Brown, appraising since 1991, is sending and posting the following message (below) to…
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