Editor’s Note: Appraiser Nelson Boswell shows us how to leverage new appraisal independence laws into more business. Making “Appraisal Independence” Work for Your Business by Nelson Boswell, Jr., SRA New federal legislation is leading to greater “appraiser independence” for many, but not in the way legislators intended. Smart appraisers are using the new laws to…
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Editor’s Note: What seems to bother appraisers most these days, even more than low fees, are what they consider to be "unnecessary" challenges to their reports by AMC staff who, in many instances, appear to be less than qualified.
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According to appraiser David Smith, AMCs just need to be told to do their job.
“When an AMC receives a request from a lender for more information, BANG, it is immediately forwarded to the appraiser for correction without the AMC reviewing the legitimacy of the lender’s request,” says Smith (not his real name). “I often wonder…
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Editor’s Note: Appraisers report that despite tough new appraisal independence laws, lenders, AMCs and others haven’t stopped trying to influence the process- they’re just being more careful about covering their tracks. Fraud expert Richard Hagar, SRA, explains how to protect yourself and your independence. Pressure, Subtle Influence and Plausible Deniability by Isaac Peck, Associate Editor...…
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Editor’s Note: Appraiser and real estate broker Justin T. Stevens looks at the issue of “low appraisals” from both sides of the fence. This story first appeared in Working RE’s Agent/Broker News Edition. About “Low” Appraisals by Justin T. Stevens There are well-supported appraisals that come in low, and then there are poorly prepared appraisals…
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Editor’s Note: Here, one appraiser explains why he is better off after HVCC and shares the names of a few AMCs he says are worth working for. The individual profiled here has been appraising 21 years in a large metro area in Texas and wishes to remain anonymous. Diary of a Happy (AMC) Appraiser I’m…
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Editor’s Note: Appraiser Phil Spool shows how an effective engagement letter puts you in control of an assignment. Doing it Right: Engagement Letters by Phil Spool, ASA Now that many of you are searching for new non-lender clients in the aftermath of the mortgage crisis and HVCC (Home Valuation Code of Conduct), it is advisable…
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