Lenders up to Old Tricks? Ex-Chief Appraiser Sues Stearns Lending
I wish her luck and appreciate her standing up for what is right, if the allegations are true, of course. This sounds very common to me. Many AMCs are giving the lenders the appraiser they want and price shopping. I know loan officers who…
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Home Builders White Paper: Appraisers are Idiots
As you are likely aware, the National Association of Home Builders (NAHB) published a whitepaper on housing finance system reform in February of this year. It is 18-pages long, so you can read and digest it in about an hour. All appraisers…
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by David Brauner, Editor
Looking over the current issue it seems obvious what ails appraisers: the marketplace is not incentivizing quality work.
The system of appraisal orders by email blast used by some appraisal management companies (AMCs), as reported in Low Bid Appraisal Ordering (in upcoming issue), leads to…
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Readers Respond Fannie/Freddie/Cuomo Agreement The proposed changes to the appraisal process are well intentioned but are the equivalent of “throwing out the baby with the bath water.” While the process does need some reforming, this change appears to be an overreaction. Effectively, it will put me out of business. I have spent over 20 years developing my…
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From the Publisher Older, Wiser and Greener In February of this year WRE became the first publication in this industry to post an interactive digital edition of the print magazine online for free- readers can zoom in/out, flip pages, click links to advertisers and more! The print magazine is posted in its entirety in the…
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Industry News Appraiser off the Hook The suit against appraiser Pamela Crowley for alleged misstatements on her site, MortgageFraudWatchList.org, was dropped by eAppraiseIT in March 2008. The suit was voluntarily dismissed by eAppraiseIT, which means they can open it again at any time. According to the newspaper Florida Today (February 28), in a court filing…
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Working RE Announces New Interactive Digital Edition Greater Access to Information/Save a Tree! By David Brauner, Editor WRE Working RE Magazine (WRE) announces a new interactive digital edition hosted online, including unique features such as zoom in/out, page-flipping, advertiser “hot” links and more. WRE is now available in an interactive format in its entirety at…
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Readers Respond Making $300,000 a Year Appraising To complete 1,000 residential appraisals a year, that is 2.74 reports per day, 365 days a year. It is not humanly possible for one person to inspect that number of homes per day, every day without fail and prepare a complete error-free report. There are just too many variables-…
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“My email account is changing and I don’t want to miss any editions, so please update this info. in your system. Thank you.” – Niki Tippets Appraisal Services, Riverton, WY WRE Online: Keep Current, Save Money Now for Inspectors Too! Appraisers and now inspectors can stay up-to-speed on industry news, marketing and business-related developments (free)…
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Director’s Message What’s Bad is Good? Echoing the story Bad News is Good News, current market troubles may have a silver lining for appraisers. Bad News talks about the flood of REO/foreclosure business appraisers are enjoying in certain markets as a result of the current real estate troubles. It explains REOs and how to find…
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