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Bottled Water and AVM – Sold on a Lie - Appraisers Blogs

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Bottled Water and AVM Sold on a Lie. Published on the AppraisersBlogs. On May 12, 2015. Advertising is a powerful tool and very smart people will do some very dumb things, if they are properly motivated. There are many examples of how advertising creates an illusion and how we all fall victim (at least for a while) to smooth ad campaigns. One great example is automobile insurance rates. “ Switch and Save. How about bottled water? If advertising didn’t work, mega companies wouldn’t spend billions a year o...

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Unintended Consequences of the Dodd-Frank Law and Potential Remedies - Appraisers Blogs

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Unintended Consequences of the Dodd-Frank Law and Potential Remedies. Published on the AppraisersBlogs. On May 8, 2015. For well over a year, the Columbia Society of Real Estate Appraisers and five other nonprofit appraiser groups have been working on an industry paper entitled Regulatory Issues Affecting the Real Estate Appraisal Profession (subtitled: Unintended Consequences of the Dodd-Frank Law and Potential Remedies). Create a more effective training structure to support Appraiser Trainees. Supporti...

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Thank You Wall Street for Killing off my Hallmark Moments

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Thank You Wall Street for Killing off my Hallmark Moments. Published on the AppraisersBlogs. On April 16, 2015. Thank you Wall Street, your mothers must be very proud of you! Prior to the Great Depression, a typical mortgage loan was for 50% of the cost of a home, was interest only, was for 5 years with a balloon payment due at maturity, was funded by the same bank or savings and loan where you banked, and was approved by a banker that knew you, your family, and the house personally. And replacing them w...

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Workfile With Submitted Appraisal Reports? - Appraisers Blogs

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Workfile With Submitted Appraisal Reports? Published on the AppraisersBlogs. On April 30, 2015. Should You Include Your Workfile With Your Submitted Appraisal Reports? On several forums frequented by real estate appraisers, there has been recent discussions about a particular Appraisal Management Company (AMC) owned by a lender who is requiring appraisers to include their ENTIRE WORKFILE. With every appraisal report submitted. The AMC is LenderVend. Owned by Provident Funding. In the bathroom(s) would ha...

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LenderVend Requirement For Appraisers to Upload Copies of Appraisal Workfiles - Appraisers Blogs

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LenderVend Requirement For Appraisers to Upload Copies of Appraisal Workfiles. Published on the AppraisersBlogs. On May 1, 2015. Ur business is appraiser professional liability prevention and defense, however. And, looking at this requirement from the sole perspective of an appraiser’s professional liability risk, we do not see the submission of a workfile in this manner. At the time of delivering the appraisal report. Although we see the submission of a workfile at the time of delivering the appraisal r...

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The Dilemma of Indemnity Agreements – What Should an Appraiser Do? - Appraisers Blogs

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The Dilemma of Indemnity Agreements What Should an Appraiser Do? Published on the AppraisersBlogs. On May 14, 2015. Some States have or are considering legislation that would place limitations on such burdensome indemnity language required by a lender or AMC. In most cases however, such legislation does not protect the party that voluntarily signs the agreement. John Torvi is the Vice President of Marketing and Sales at the Landy Insurance Agency. Raquo; Inline Ad Purchase:. You may also like. Erros &#03...

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Blacklisting Lawsuit Continues - Appraisers Blogs

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Published on the AppraisersBlogs. On May 15, 2015. In early 2014, North Carolina appraiser Michael J. McSwain filed a lawsuit against Yadkin Valley Bank and the appraisal management company (AMC) StreetLinks Lender Solutions, alleging that he was retaliated against for failing to reach targeted values. (See Smoking Gun Allows Appraiser to Sue Over Blacklisting. StreetLinks has sent out a BUTCHER. Yadkin then demanded that StreetLinks remove McSwain from the bank’s Approved Appraiser List. The lawsuit rem...

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Evolution of C&R fees - Alter Your Thinking - Appraisers Blogs

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Evolution of C&R fees – Alter Your Thinking. Published on the AppraisersBlogs. On April 27, 2015. Appraisers reluctant to force actual C&R fees on AMC clients…. I’ve spent the last two days reviewing the ‘new Rule’ involving the registration of AMCs, which has – buried within it by reference – information relating to Customary and Reasonable Fees for appraisal reports. I’m grateful to an appraiser acquaintance in Pennsylvania for her assistance. The ‘new Rule’ does not yet have an Effective Date; that wi...

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It's Not a Comp, It's a Sale; Stop Fannie Mae Lies!

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It’s Not a Comp, It’s a Sale; Stop Fannie Mae Lies! Published on the AppraisersBlogs. On April 23, 2015. It is merely a SALE…. Something’s been gnawing at my craw ever since January when FNMA’s wonderful Collateral Underwriter (CU) was unleashed to the world. And before that, when FNMA’s Appraiser Quality Monitoring (AQM) process was introduced to judge the work of appraisers. What exactly is a Comp? Within that news release is this quotation from a VP at a mortgage lender:. That was previously unavailab...

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You are Not Valuing Property | The Appraiser Coach

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The Coach’s Dream Team Mastermind. The Coach’s Dream Team Mastermind. You are Not Valuing Property. Posted by The Appraiser Coach. June 24, 2015 Purchases. What do you do for a living? I am a real estate appraiser. What does that mean? I value real estate. Actually, that is not quite true. Okay, technically it is, but what is the value of real estate really? Decisions. Decisions of buyers and sellers in that marketplace. Thousands and thousands of decisions determine value. Appraisal is not so much about...