State AMC Legislation Should Include Language Prohibiting Indemnification

With the passage of Dodd-Frank many states are working to enact legislation that requires appraisal management companies (AMC) to register with the appropriate state regulatory body. While many states have already passed AMC legislation other states are trying to...

Get on Track – the Fast Track

Many appraisers hold one, and sometimes more than one, designation from a host of professional appraisal organizations. These designations tell clients and, more broadly, the real estate industry that an appraiser has gone above and beyond the requirements for...

NAR Releases Appraisal Statement

Today, the National Association of Realtors (NAR) released a statement regarding appraisers and appraiser independence on their appraisal web page. In the statement, NAR expresses concerns about recent attempts to interfere with the appraisal process and the independence of...

NAR Announces UAD Webinar through Realtor University

The National Association of Realtors (NAR) announces a 60-minute webinar through Realtor University on the new Uniform Appraisal Dataset (UAD) on June 9, 2011 at 11:00am EST. The cost will be $19.95. RAA/GAA designees will receive a $10 discount...

FHA to Require UAD Compliance

Appraisers are getting up to speed on the Uniform Mortgage Data Program (UMDP), Fannie Mae and Freddie Mac’s joint effort to standardize loan delivery and appraisal data. Specifically, Uniform Appraisal Dataset (UAD), which will standardized appraisal data, including data...
April 21, 2011

No Joke: States Aim to Prohibit Foreclosures in Appraisals

An American Banker article last week notes that four states are considering legislation that would prohibit an appraiser from using foreclosures in an appraisal report. According to the article, the rationale is that the high number of foreclosures in...

The RVM is Churning & Burning

The RPR blog recently announced that the Realtors® Valuation Model (RVM) is up, it’s running and it’s better than your AVM. Don’t take our word for it – check out the fancy chart in the post. The RVM is...

AQB Exposure Draft – Comments Welcome

The Appraisal Foundation’s Appraisal Qualifications Board (AQB) issued the third draft of Proposed Revisions to the Future Real Property Appraiser Qualification Criteria earlier this month. Previously, the AQB held a public hearing in Minneapolis, MN, on the types of...

Updates Available for Uniform Appraisal Dataset

The Uniform Appraisal Dataset (UAD) standardizes key appraisal data elements to enhance data quality and promote consistency for mortgages purchased by the government sponsored enterprises (GSE), Fannie Mae and Freddie Mac. For appraisals with an effective date (date of...

Appraisal Foundation Webinar on Fair Value & Financial Reporting

The Appraisal Foundation announced a Webinar on March 16, 2011, at 1:00p (ET) on Fair Value and Financial Reporting issues for appraisers. The cost is $20 and you can register here. Discussion will focus on the following: An orientation...
February 22, 2011