Appraisers

Appraisers Respond: Cert #23

Editor’s Note: The following is reaction to our story: Fannie offers Cert #23 “Fix” & More. Appraisers Respond: Cert #23 Big Bad Fannie If you play Family Feud and one of your partners gives a stupid answer to a question, most everyone on your panel knows its stupid but they applaud, scream, and cheer anyway. If… Read More

Fannie Offers Cert #23 “Fix”

Fannie offers Cert #23 “Fix” By David Brauner, Editor WRE Just days after the new forms took effect and in the midst of widespread confusion and fear among appraisers nationwide regarding their increasing liability and responsibility under the new forms, and especially Cert. #23 (Intended User), Fannie Mae’s Mark Simpson, speaking to appraisers at Valuation...… Read More

Appraiser Wins “AMC-Agent” Judgment Against One-West Bank

Appraiser Wins “AMC-Agent” Judgment Against One-West Bank 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… Read More

Why Value is Not an Exact Number

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Editor’s Note: Here is some food for thought from regular contributor and Mobile Appraising Training Package author, Dustin Harris. His suggestion makes sense from a valuation perspective and also might release some of the pressure on appraisers to “hit the number.” The OREP/WRE Appraiser Independence Survey has over 1,000 respondents and hundreds of comments. We… Read More

Will Appraiser Bond Requirement Put You Out of Business?

S.2452 is a bill intended to “amend the Truth in Lending Act to provide protection to consumers with respect to certain high-cost loans, and for other purposes.” Among other things, it’s intended to establish a duty for mortgage brokers and lenders to consider the best interests of their clients first. Lenders will be required to… Read More