Items Tagged with 'Uniform Standards of Professional Appraisal Practice'

ARTICLES

  • The Evolution of Review Appraisals and Having Only One Throat to Choke

    Have you ever wondered about the origin of Appraisal Management Companies (AMCs) reviewing appraisal reports before sending them on to clients? Much of the current day rhetoric about AMCs and "review appraisals" revolves around a contention that a "review of an appraisal report" and a "review appraisal" are one in the same thing. Comments in the blogosphere and relevant sections of some states' AMC registration acts suggest that they may be one in the same. But it wasn't always this way. I should know: I was the first ever AMC review department manager on the face of the earth.
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  • HAFA Harmony: Two Heads are Better Than One

    Strong words have recently been exchanged in the disagreement between the National Association of Realtors (NAR) and the industry’s leading appraisal organizations over the type of valuation product that should be used in the Home Affordable Foreclosure Alternatives (HAFA) program, and more precisely, who should render that product.
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  • Appraisals Have a Problem, Bank on it

    Since the inception of the Home Valuation Code of Conduct (HVCC) in May 2009, there has been much discussion, and misinformation, about the benefits and harm caused by the controversial agreement with the New York Attorney General’s office and the Federal Housing Finance Agency.
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  • Company Touts "No Influence" Appraisal Guarantee

    It was only a matter of time, in our eyes, until an enterprising appraisal management company decided to warrant its appraisers' work as free from outside influence. That company? Indianapolis-based StreetLinks National Appraisal Services, which said Thursday that it would offer a "Certificate of Non-Influence," warranting the objectivity of real estate appraisals procured on behalf of its clients.
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  • FNC Touts Solution for Appraiser Independence

    Officials of mortgage technology company FNC, Inc. are touting the company's platforms as a solution to help mortgage lenders comply with new Fannie Mae/Freddie Mac rules spelling out how home appraisals can be conducted. FNC CEO Bill Rayburn said the company's Collateral Management System for enterprise lenders and its Collateral Headquarters platform designed for regional and community banks can provide the compliance management tools needed when the new rules take effect Jan. 1.
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  • The Game's Afoot: NY Attorney General Sues First American

    Probably the biggest news item this Friday is a press release put out by New York AG Andrew Cuomo's office, which said it has sued First American and subsidiary eAppraiseIT for conspiring with Washington Mutual to inflate appraisals. The press release reads like an episode of your favorite TV drama - some excerpts:
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