Should appraisers make the effort and take valuable time to become designated? It seems there is no right or wrong answer. For each individual appraiser there is a different answer. Here is some great information on the who, what and why and what it takes to earn a particular appraiser designation.
Should appraisers make the effort and take valuable time to become designated? It seems there is no right or wrong answer. For each individual appraiser there is a different answer. Here is some great information on the who, what and why and what it takes to earn a particular appraiser designation.
Some states are beginning to wonder how fair it is that a bank has a vested interest in the appraisal company that determines who handles the valuation of the homes used in its real estate finance transactions. Ohio state Rep. Stephen Slesnick and the Ohio Coalition of Appraisal Professionals last week introduced a bill that would regulate and license appraisal managment companies under the state's Department of Commerce's Real Estate Division.
Some states are beginning to wonder how fair it is that a bank has a vested interest in the appraisal company that determines who handles the valuation of the homes used in its real estate finance transactions. Ohio state Rep. Stephen Slesnick and the Ohio Coalition of Appraisal Professionals last week introduced a bill that would regulate and license appraisal managment companies under the state's Department of Commerce's Real Estate Division.
Mortgage lenders are seeking some relief from Fannie and Freddie as they are getting slammed with repurchases, stemming from faulty appraisals, fraudulent activity and incorrect paperwork.
Read more here at Bloomberg News about how taxpayer money is helping lenders at the local level.
Mortgage lenders are seeking some relief from Fannie and Freddie as they are getting slammed with repurchases, stemming from faulty appraisals, fraudulent activity and incorrect paperwork.
Read more here at Bloomberg News about how taxpayer money is helping lenders at the local level.
Appraisal Institute's President Leslie Sellers told a Congressional subcommittee last week that it was time to clamp down on the industry. The entire speech can be found here.
Appraisal Institute's President Leslie Sellers told a Congressional subcommittee last week that it was time to clamp down on the industry. The entire speech can be found here.
Over 100 members of the Appraisal Institute attended a congressional meeting to share the organization's position on financial regulatory reform and other business issues.
Over 100 members of the Appraisal Institute attended a congressional meeting to share the organization's position on financial regulatory reform and other business issues.
