Appraisal Institute Archive

AI Comments on Geographic Competency Issue

Jim Amorin, President of the Appraisal Institute, commented on appraisers who may be violating the Uniform Standards of Professional Appraisal Practice (USPAP) or other professional and ethical standards of appraisers. Mr. Amorin’s comments focused on geographic competency – an...
August 26, 2009

Latest on the Suspension of Taylor, Bean & Whitaker

Last week the US Department of Housing and Urban Development (HUD) suspended Taylor, Bean & Whitaker preventing the company from originating and underwriting FHA-insured mortgages. Additionally, Ginnie Mae defaulted and took over TBW’s mortgage backed securities program. Finally, TBW’s...
August 13, 2009

AMCs v. Direct Contact – It’s A Dead Heat

The Appraisal Institute reports on a finding by Global DMS that the number of lenders directly ordering appraisals is roughly the same as the number of lenders using AMCs. According to the report, AMCs may be suffering from client...

State Regulatory Clearinghouse

The Appraisal Institute has created a clearinghouse for state appraisal regulations. It’s a website that lists key regulatory issues facing each indivicual state appraisal board. Every state has some type of body that governs appraisers, and their decisions can...
January 22, 2009

State Law Regarding the Use of BPO’s

The Appraisal Institute has released a document listing the applicable laws regarding Broker Price Opinions. The list covers every state and breaks the states into three general categories: Unlimited Authority, Limited Authority and Broad Authority. Here is a link...
December 23, 2008

Appraisal Institute Board Votes Down NAR Affiliation

From the Appraisal Institute website: In a November 6 vote, the Appraisal Institute Board of Directors voted not to pursue affiliation with the National Association of Realtors. The vote, which occurred during the Board’s fall meeting in San Antonio,...
November 12, 2008

AMC Model Legislation Proposed

Last week the Appraisal Institute announced draft legislation for states to regulate appraisal management companies (AMC). AI worked with the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent...
November 11, 2008