Appraiser Independence

Sincerity vs. Competency

Sincerity vs. Competency By Diana Jacobs Question: “Can you believe in your heart that you did the right thing and still be wrong?” The answer is yes. Why? Because USPAP instructs us that “ethics” are about intent while “competency” is about judgment and execution. When developing a “scope of work” decision, professional appraisers are not...… Read More

Lender’s Choice: Violate USPAP or Blacklisted

The new normal for too many appraisers these days is being banished to a “do not use” list by a lender, without any opportunity for rebuttal or even knowing why. Now here’s a new twist: at least one large lender is giving appraisers the chance to rebut a questionable review- the problem is that doing… Read More

How Well Do You Know Your Rights?

Editor’s Note: You’d be amazed all you don’t know regarding your rights as an appraiser. The following was gleaned from the webinar series: How to Limit Liability, Maintain Independence, and Fight Influence by Richard Hagar, SRA. How Well Do You Know Your Rights? By David Brauner, Editor Here are some questions for you- the answers...… Read More

AMC “Recovery Fund” for Appraisers First of Its Kind

Editor’s Note: Here are details on a new “recovery” fund designed for appraisers who are owed money by bankrupt AMCs. AMC “Recovery Fund” for Appraisers First of Its Kind by David Brauner, Editor More than one appraisal management company (AMC) has shuttered its doors owing millions of dollars to appraisers in unpaid fees- now one… Read More

Making “Appraisal Independence” Work for Your Business

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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… Read More

Pressure, Subtle Influence and Plausible Deniability

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...… Read More