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FORUMS ARCHIVE
Contact our friendly support team via live chat, email (support@anow.com) or by phone (1-800-403-7121)! Bradford Technologies (www.bradfordsoftware.com - 800-622-8727) is dedicated to producing innovative solutions for Valuation Professionals. THE FUTURE OF MILLENNIAL HOMEBUYERS The Future of Millennial Homebuyers. By MReport. June 4, 2021. 5:40 pm. No Comments. Here’s how these important cohorts are differentiating themselves within the modern housing market. The post The Future of Millennial Homebuyers appeared first on theMReport.com. OVERCOMING POST-PANDEMIC PROPERTY TAX CHALLENGES The pandemic has exacerbated challenges of identifying and ingesting property tax information, but there is help if servicers know where to look. The post Overcoming Post-Pandemic Property Tax Challenges appeared first on DSNews. A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. RED SKY IS HIRING RESIDENTIAL STAFF APPRAISERS Job Description. This role is with Red Sky Risk Services which is a wholly owned subsidiary of U.S. Bank NA. The Residential Staff Appraiser position is responsible for completing appraisals on a wide variety of properties, including single family dwellings, 2-4-unit properties and vacant land. Completed appraisal reports are expectedto follow
HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
FORUMS ARCHIVE
Contact our friendly support team via live chat, email (support@anow.com) or by phone (1-800-403-7121)! Bradford Technologies (www.bradfordsoftware.com - 800-622-8727) is dedicated to producing innovative solutions for Valuation Professionals. THE FUTURE OF MILLENNIAL HOMEBUYERS The Future of Millennial Homebuyers. By MReport. June 4, 2021. 5:40 pm. No Comments. Here’s how these important cohorts are differentiating themselves within the modern housing market. The post The Future of Millennial Homebuyers appeared first on theMReport.com. OVERCOMING POST-PANDEMIC PROPERTY TAX CHALLENGES The pandemic has exacerbated challenges of identifying and ingesting property tax information, but there is help if servicers know where to look. The post Overcoming Post-Pandemic Property Tax Challenges appeared first on DSNews. A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. RED SKY IS HIRING RESIDENTIAL STAFF APPRAISERS Job Description. This role is with Red Sky Risk Services which is a wholly owned subsidiary of U.S. Bank NA. The Residential Staff Appraiser position is responsible for completing appraisals on a wide variety of properties, including single family dwellings, 2-4-unit properties and vacant land. Completed appraisal reports are expectedto follow
APPRAISAL BUZZ
Career Buzz & Press Releases. Chase Home Lending is hiring Staff Appraisers near you! May 6, 2021. Home Lending Appraiser Details Must Haves: Active State Appraisal License and a Certification (allowing you to appraise homes 1MM and Accurate Group, LLC is Looking to Fill Positions for Quality Control Analysts. May 5, 2021.LESSONS THAT LAST
A selection of mortgage executives discuss the wisdom that shaped their careers and the lessons they’re passing on to others to help shape the industry’s future. The post Lessons That Last appeared first on theMReport.com.FORUMS ARCHIVE
Contact our friendly support team via live chat, email (support@anow.com) or by phone (1-800-403-7121)! Bradford Technologies (www.bradfordsoftware.com - 800-622-8727) is dedicated to producing innovative solutions for Valuation Professionals. INDUSTRY AND GOVERNMENT COLLABORATE ON SOLUTIONS On Wednesday, Five Star’s one-day virtual event brought together execs from the mortgage industry with governmental agency representatives to share ideas and insights about the future of the mortgage marketplace. The post Industry and Government INDUSTRY REACTS TO HUD DEPUTY SECRETARY CONFIRMATION 22 hours ago · Housing advocates express support for the U.S. Senate Committee on Banking, Housing, and Urban Affairs' unanimous confirmation of former NAHRO CEO Adrianne Todman. The post Industry Reacts to HUD Deputy Secretary Confirmation appeared first on THE INFAMOUS HISTORY OF ZONING IN THE HOUSING INDUSTRY In today’s Buzzcast, we dive into the history of zoning in the housing industry and how past practices shape the problems we are currently experienced today. GINNIE MAE REPORTS 288,000-PLUS HOMES FINANCED IN MAY For the 10th straight month, Ginnie Mae MBS issuance has surpassed the $75 billion mark, keeping pace after a record month in April. The post Ginnie Mae Reports 288,000-Plus Homes Financed in May appeared firston
BIRCHWOOD CREDIT SERVICES ANNOUNCES DIRECTOR OF SALES In this new role, Samia DeMarco will be focusing on new customer acquisition with banks, mortgage companies, mortgage brokers, and credit unions across the nation. The post Birchwood Credit Services Announces Director of Sales appeared FORBEARANCE VOLUME DIPS WITH UPTICK IN JOB MARKET The number of U.S. homeowners in forbearance declined for the 14th consecutive week, with the Bureau of Labor Statistics reporting strong job gains in May as more exit their plans. The post Forbearance VolumeDips With
HUD RESCINDS ‘PRESERVING NEIGHBORHOOD AND COMMUNITY CHOICE 23 hours ago · Department Secretary Marcia Fudge says HUD will restore certain definitions and other selected parts from 2015's Affirmatively Furthering Fair Housing rule, which the previous administration ended last year. The post HUD Rescinds ‘PreservingNeighborhood
HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. TEN MOBILE APPS FOR APPRAISERS For the busy appraiser, mobile appraisal apps are an essential tool in the box. Expensify. Keeping track of your mileage and expenses is a must for a business owner. Expensify allows you to do all of that as well as download it directly into QuickBooks. I simply take a photo of my business receipts and Expensify does all the rest. 25 COMMON ERRORS IN APPRAISAL REPORTS As a real estate appraiser, much of your success relies on your reputation as a competent professional. Unfortunately, certain appraisal violations are quite common—including errors in appraisal reports. Make sure you’re aware of these mistakes so that you canavoid them.
CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
CLIENT VERSUS INTENDED USER USPAP makes it clear there is a big difference between what “client” and “intended user” imply in the appraisal process. The appraiser can disclose assignment results (opinions and conclusions, including but not limited to value) to a client, and has client obligations related to confidentiality. By comparison, the intended user is the HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. TEN MOBILE APPS FOR APPRAISERS For the busy appraiser, mobile appraisal apps are an essential tool in the box. Expensify. Keeping track of your mileage and expenses is a must for a business owner. Expensify allows you to do all of that as well as download it directly into QuickBooks. I simply take a photo of my business receipts and Expensify does all the rest. 25 COMMON ERRORS IN APPRAISAL REPORTS As a real estate appraiser, much of your success relies on your reputation as a competent professional. Unfortunately, certain appraisal violations are quite common—including errors in appraisal reports. Make sure you’re aware of these mistakes so that you canavoid them.
CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
CLIENT VERSUS INTENDED USER USPAP makes it clear there is a big difference between what “client” and “intended user” imply in the appraisal process. The appraiser can disclose assignment results (opinions and conclusions, including but not limited to value) to a client, and has client obligations related to confidentiality. By comparison, the intended user is theAPPRAISAL BUZZ
Career Buzz & Press Releases. Chase Home Lending is hiring Staff Appraisers near you! May 6, 2021. Home Lending Appraiser Details Must Haves: Active State Appraisal License and a Certification (allowing you to appraise homes 1MM and Accurate Group, LLC is Looking to Fill Positions for Quality Control Analysts. May 5, 2021.LESSONS THAT LAST
A selection of mortgage executives discuss the wisdom that shaped their careers and the lessons they’re passing on to others to help shape the industry’s future. The post Lessons That Last appeared first on theMReport.com. INDUSTRY AND GOVERNMENT COLLABORATE ON SOLUTIONS On Wednesday, Five Star’s one-day virtual event brought together execs from the mortgage industry with governmental agency representatives to share ideas and insights about the future of the mortgage marketplace. The post Industry and Government HOW HOMEOWNERS PREPARE FOR SEVERE WEATHER Residents, servicers, and financial institutions can benefit from understanding disaster risk—researchers take a look at how homeowners are planning. The post How Homeowners Prepare for Severe Weather appeared first on DSNews. INDUSTRY REACTS TO HUD DEPUTY SECRETARY CONFIRMATION 13 hours ago · Housing advocates express support for the U.S. Senate Committee on Banking, Housing, and Urban Affairs' unanimous confirmation of former NAHRO CEO Adrianne Todman. The post Industry Reacts to HUD Deputy Secretary Confirmation appeared first on TOP 10 METROS FOR LBGTQ+ HOMEOWNERS Unaffordable housing in some of America's most LBGTQ+-friendly cities have many looking for alternatives, so researchers sought out some lesser known LBGTQ+ meccas. The post Top 10 Metros for LBGTQ+ Homeowners appeared first on DSNews. FHFA REQUESTS INPUT ON GSE EXECUTIVE PAY 18 hours ago · FHFA Director Mark Calabria says the information gathered will help the agency ensure transparent and appropriate compensation policies at Fannie Mae and Freddie Mac. The post FHFA Requests Input on GSE Executive Pay appeared first BIRCHWOOD CREDIT SERVICES ANNOUNCES DIRECTOR OF SALES In this new role, Samia DeMarco will be focusing on new customer acquisition with banks, mortgage companies, mortgage brokers, and credit unions across the nation. The post Birchwood Credit Services Announces Director of Sales appeared INTERFIRST ADDS AUSTEN RICHARDS TO ITS WESTERN DIVISION The company’s new Wholesale Senior AE will work to bolster the lender’s Western Division and foster business-to-business relationships. The post Interfirst Adds Austen Richards to Its Western Division appeared first on theMReport.com. FORBEARANCE VOLUME DIPS WITH UPTICK IN JOB MARKET The number of U.S. homeowners in forbearance declined for the 14th consecutive week, with the Bureau of Labor Statistics reporting strong job gains in May as more exit their plans. The post Forbearance VolumeDips With
HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors WHAT’S HAPPENING IN NEW HOME CONSTRUCTION AND SALES Keep reading to catch up on the latest stories and market data related to new home construction and sales. Plus, join us for a high-energy Pro-Series webinar on Wednesday, May 26, 2021, “Power to Prevail in 2021 and Beyond—New Residential Construction Outlook.”. New home construction in the news New homes are selling like it’s 2006 again. HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. TEN MOBILE APPS FOR APPRAISERS For the busy appraiser, mobile appraisal apps are an essential tool in the box. Expensify. Keeping track of your mileage and expenses is a must for a business owner. Expensify allows you to do all of that as well as download it directly into QuickBooks. I simply take a photo of my business receipts and Expensify does all the rest. 25 COMMON ERRORS IN APPRAISAL REPORTS As a real estate appraiser, much of your success relies on your reputation as a competent professional. Unfortunately, certain appraisal violations are quite common—including errors in appraisal reports. Make sure you’re aware of these mistakes so that you canavoid them.
HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled SHAWN TELFORD, AUTHOR AT APPRAISAL BUZZ Shawn Telford currently serves as the chief appraiser for CoreLogic, where he has worked since 2007. In this role, he provides strategic leadership and direction to CoreLogic’s Collateral Solutions and Valuations businesses. Telford began his appraisal career in 1993 in Salt Lake City, Utah. In 1998, he joined Washington Mutual Bank (WAMU)as
HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors WHAT’S HAPPENING IN NEW HOME CONSTRUCTION AND SALES Keep reading to catch up on the latest stories and market data related to new home construction and sales. Plus, join us for a high-energy Pro-Series webinar on Wednesday, May 26, 2021, “Power to Prevail in 2021 and Beyond—New Residential Construction Outlook.”. New home construction in the news New homes are selling like it’s 2006 again. HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. TEN MOBILE APPS FOR APPRAISERS For the busy appraiser, mobile appraisal apps are an essential tool in the box. Expensify. Keeping track of your mileage and expenses is a must for a business owner. Expensify allows you to do all of that as well as download it directly into QuickBooks. I simply take a photo of my business receipts and Expensify does all the rest. 25 COMMON ERRORS IN APPRAISAL REPORTS As a real estate appraiser, much of your success relies on your reputation as a competent professional. Unfortunately, certain appraisal violations are quite common—including errors in appraisal reports. Make sure you’re aware of these mistakes so that you canavoid them.
HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled SHAWN TELFORD, AUTHOR AT APPRAISAL BUZZ Shawn Telford currently serves as the chief appraiser for CoreLogic, where he has worked since 2007. In this role, he provides strategic leadership and direction to CoreLogic’s Collateral Solutions and Valuations businesses. Telford began his appraisal career in 1993 in Salt Lake City, Utah. In 1998, he joined Washington Mutual Bank (WAMU)as
HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
APPRAISAL BUZZ
Career Buzz & Press Releases. Chase Home Lending is hiring Staff Appraisers near you! May 6, 2021. Home Lending Appraiser Details Must Haves: Active State Appraisal License and a Certification (allowing you to appraise homes 1MM and Accurate Group, LLC is Looking to Fill Positions for Quality Control Analysts. May 5, 2021. DELINQUENCIES ON PACE FOR RETURN TO PRE-PANDEMIC LEVELS The numbers are in—this monthly report covers late payments, foreclosures, originations, affordability, and more. The post Delinquencies On Pace for PREMIUM FOR HIGH FLOOD RISK HOMES ROSE DURING PANDEMIC 4 hours ago · Researchers found that while flood risk is escalating in many parts of the country, it doesn't appear to be a deal-breaker for large number of house hunters. The post Premium for FUTURE-PROOF YOUR MARKETING FOR MILLENNIALS AND GEN Z 23 hours ago · To make sure your mortgage business doesn’t miss out on growth driven by these younger generations, it’s crucial to rethink how you engage with prospects and customers. The post Future-Proof Your Marketing for Millennials and MORTGAGE APPLICATION VOLUME DECLINED ON HOLIDAY-SHORTENED Mortgage application activity slowed further during the week ended June 4, a short business week due to Monday’s Memorial Day holiday. The impact of the holiday was magnified in annual comparisons because it occurred a week earlier in 2020. BIRCHWOOD CREDIT SERVICES ANNOUNCES DIRECTOR OF SALES In this new role, Samia DeMarco will be focusing on new customer acquisition with banks, mortgage companies, mortgage brokers, and credit unions across the nation. The post Birchwood Credit Services Announces Director of Sales appeared TOP 10 METROS FOR LBGTQ+ HOMEOWNERS 5 hours ago · Unaffordable housing in some of America's most LBGTQ+-friendly cities have many looking for alternatives, so researchers sought out some lesser known LBGTQ+ meccas. The post Top 10 Metros for LBGTQ+ Homeowners appeared first on DSNews. PURCHASE VOLUME AND REFIS TAIL OFF 2 hours ago · Even with rates bordering the 3% mark, both purchase applications and refi volume saw slight declines this week with the continued cloud of low inventory and high prices factoring into homebuyer’s decisions. The post Purchase BRIAN MONTGOMERY JOINS RADIAN’S BOARD 1 day ago · Former HUD Deputy Secretary and FHA Commissioner joins the board of directors of mortgage insurance company. The post Brian Montgomery Joins Radian’s Board appeared first GINNIE MAE REPORTS 288,000-PLUS HOMES FINANCED IN MAY 4 hours ago · For the 10th straight month, Ginnie Mae MBS issuance has surpassed the $75 billion mark, keeping pace after a record month in April. The post Ginnie Mae Reports 288,000-Plus Homes Financed in May appeared first onAPPRAISAL BUZZ
Career Buzz & Press Releases. Chase Home Lending is hiring Staff Appraisers near you! May 6, 2021. Home Lending Appraiser Details Must Haves: Active State Appraisal License and a Certification (allowing you to appraise homes 1MM and Accurate Group, LLC is Looking to Fill Positions for Quality Control Analysts. May 5, 2021. HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. MOST COMMON ERRORS AND REQUESTS FOR APPRAISAL REVISIONS Note: This revision request is 100% on us Appraisers. While the above “Top 5” are the most common revision requests that we see, there are many others that we see regularly. Some of those are: a) “Include two pending sale/active listing comps for FHA reports.”. Remember, those two extra comps are required. See the HUD Handbook4000.1
HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled MULTIPLE PARCEL ARCHIVES Bill Dallas, president of Finance of America Mortgage, will speak at engage.marketing on the panel: Winning in a red-hot purchase market. Dallas is a mortgage industry veteran, building two mortgage companies from the ground up: First Franklin and Ownit Mortgage Solutions,starting in 1981.
HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
APPRAISAL BUZZ
Career Buzz & Press Releases. Chase Home Lending is hiring Staff Appraisers near you! May 6, 2021. Home Lending Appraiser Details Must Haves: Active State Appraisal License and a Certification (allowing you to appraise homes 1MM and Accurate Group, LLC is Looking to Fill Positions for Quality Control Analysts. May 5, 2021. HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. MOST COMMON ERRORS AND REQUESTS FOR APPRAISAL REVISIONS Note: This revision request is 100% on us Appraisers. While the above “Top 5” are the most common revision requests that we see, there are many others that we see regularly. Some of those are: a) “Include two pending sale/active listing comps for FHA reports.”. Remember, those two extra comps are required. See the HUD Handbook4000.1
HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled MULTIPLE PARCEL ARCHIVES Bill Dallas, president of Finance of America Mortgage, will speak at engage.marketing on the panel: Winning in a red-hot purchase market. Dallas is a mortgage industry veteran, building two mortgage companies from the ground up: First Franklin and Ownit Mortgage Solutions,starting in 1981.
HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
LESSONS THAT LAST
1 day ago · A selection of mortgage executives discuss the wisdom that shaped their careers and the lessons they’re passing on to others to help shape the industry’s future. The post Lessons That Last appeared first on theMReport.com.ONE MOVE AHEAD
1 day ago · With the end of forbearances on the horizon, what should the industry expect from government leadership in the months ahead? Policy experts weigh in. The post One Move Ahead appeared first onDSNews.
DELINQUENCIES HIT LOWEST RATE SINCE START OF PANDEMIC 7 hours ago · The mortgage loan delinquency rate for March 2021 reportedly hit its lowest since March one year prior, when side effects of the global pandemic were just starting to drag down the U.S. economy. March was TEN MOBILE APPS FOR APPRAISERS For the busy appraiser, mobile appraisal apps are an essential tool in the box. Expensify. Keeping track of your mileage and expenses is a must for a business owner. Expensify allows you to do all of that as well as download it directly into QuickBooks. I simply take a photo of my business receipts and Expensify does all the rest. THERE’S NO CORRECT ANSWER IN APPRAISING 11 hours ago · The very first truly “knowledgeable” (one with an insight, understanding, or clear perception of a truth, fact, or subject) property purchaser I met was nearly four decades ago. In this case, he was also the client. He was buying an 1800s Victorian house in which his parents had operated a retail business for many years. INTERFIRST ADDS AUSTEN RICHARDS TO ITS WESTERN DIVISION 6 hours ago · The company’s new Wholesale Senior AE will work to bolster the lender’s Western Division and foster business-to-business relationships. The post Interfirst Adds Austen Richards to Its Western Division appeared first on theMReport.com. THE FUTURE OF MILLENNIAL HOMEBUYERS Here’s how these important cohorts are differentiating themselves within the modern housing market. The post The Future of Millennial Homebuyers appeared first on theMReport.com. CLASS VALUATION ANNOUNCES ACQUISITION OF SOUTHEASTERN 6 hours ago · TROY, Mich, June 8, 2021 – Today, Class Valuation announced it has acquired South Carolina-based appraisal management company (AMC), SouthEastern Evaluation (SEE). Class Valuation is a leading, technology-enabled AMC focused on providing regulatory-compliant appraisals to RADIAN NAMES FORMER FHA COMMISSIONER MONTGOMERY TO ITS 8 hours ago · Brian Montgomery named to the board of directors of MI provider after two tenures as HUD Deputy Secretary and head of the FHA. The post Radian Names Former FHA Commissioner Montgomery to FREE WEBINAR: COMPONENTS OF AMC TRAINING BY JOSH WALITT 1 day ago · Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, "Components of AMC Training" will be held on June 10th atAPPRAISAL BUZZ
Career Buzz & Press Releases. Chase Home Lending is hiring Staff Appraisers near you! May 6, 2021. Home Lending Appraiser Details Must Haves: Active State Appraisal License and a Certification (allowing you to appraise homes 1MM and Accurate Group, LLC is Looking to Fill Positions for Quality Control Analysts. May 5, 2021. HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. MOST COMMON ERRORS AND REQUESTS FOR APPRAISAL REVISIONS Note: This revision request is 100% on us Appraisers. While the above “Top 5” are the most common revision requests that we see, there are many others that we see regularly. Some of those are: a) “Include two pending sale/active listing comps for FHA reports.”. Remember, those two extra comps are required. See the HUD Handbook4000.1
HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled MULTIPLE PARCEL ARCHIVES Bill Dallas, president of Finance of America Mortgage, will speak at engage.marketing on the panel: Winning in a red-hot purchase market. Dallas is a mortgage industry veteran, building two mortgage companies from the ground up: First Franklin and Ownit Mortgage Solutions,starting in 1981.
HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
APPRAISAL BUZZ
Career Buzz & Press Releases. Chase Home Lending is hiring Staff Appraisers near you! May 6, 2021. Home Lending Appraiser Details Must Haves: Active State Appraisal License and a Certification (allowing you to appraise homes 1MM and Accurate Group, LLC is Looking to Fill Positions for Quality Control Analysts. May 5, 2021. HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. MOST COMMON ERRORS AND REQUESTS FOR APPRAISAL REVISIONS Note: This revision request is 100% on us Appraisers. While the above “Top 5” are the most common revision requests that we see, there are many others that we see regularly. Some of those are: a) “Include two pending sale/active listing comps for FHA reports.”. Remember, those two extra comps are required. See the HUD Handbook4000.1
HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled MULTIPLE PARCEL ARCHIVES Bill Dallas, president of Finance of America Mortgage, will speak at engage.marketing on the panel: Winning in a red-hot purchase market. Dallas is a mortgage industry veteran, building two mortgage companies from the ground up: First Franklin and Ownit Mortgage Solutions,starting in 1981.
HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
LESSONS THAT LAST
21 hours ago · A selection of mortgage executives discuss the wisdom that shaped their careers and the lessons they’re passing on to others to help shape the industry’s future. The post Lessons That Last appeared first on theMReport.com.ONE MOVE AHEAD
23 hours ago · With the end of forbearances on the horizon, what should the industry expect from government leadership in the months ahead? Policy experts weigh in. The post One Move Ahead appeared firston DSNews.
DELINQUENCIES HIT LOWEST RATE SINCE START OF PANDEMIC 2 hours ago · The mortgage loan delinquency rate for March 2021 reportedly hit its lowest since March one year prior, when side effects of the global pandemic were just starting to drag down the U.S. economy. March was TEN MOBILE APPS FOR APPRAISERS For the busy appraiser, mobile appraisal apps are an essential tool in the box. Expensify. Keeping track of your mileage and expenses is a must for a business owner. Expensify allows you to do all of that as well as download it directly into QuickBooks. I simply take a photo of my business receipts and Expensify does all the rest. THERE’S NO CORRECT ANSWER IN APPRAISING 6 hours ago · The very first truly “knowledgeable” (one with an insight, understanding, or clear perception of a truth, fact, or subject) property purchaser I met was nearly four decades ago. In this case, he was also the client. He was buying an 1800s Victorian house in which his parents had operated a retail business for many years. INTERFIRST ADDS AUSTEN RICHARDS TO ITS WESTERN DIVISION The company’s new Wholesale Senior AE will work to bolster the lender’s Western Division and foster business-to-business relationships. The post Interfirst Adds Austen Richards to Its Western Division appeared first on theMReport.com. THE FUTURE OF MILLENNIAL HOMEBUYERS Here’s how these important cohorts are differentiating themselves within the modern housing market. The post The Future of Millennial Homebuyers appeared first on theMReport.com. CLASS VALUATION ANNOUNCES ACQUISITION OF SOUTHEASTERN TROY, Mich, June 8, 2021 – Today, Class Valuation announced it has acquired South Carolina-based appraisal management company (AMC), SouthEastern Evaluation (SEE). Class Valuation is a leading, technology-enabled AMC focused on providing regulatory-compliantappraisals to
RADIAN NAMES FORMER FHA COMMISSIONER MONTGOMERY TO ITS 3 hours ago · Brian Montgomery named to the board of directors of MI provider after two tenures as HUD Deputy Secretary and head of the FHA. The post Radian Names Former FHA Commissioner Montgomery to FREE WEBINAR: COMPONENTS OF AMC TRAINING BY JOSH WALITT 1 day ago · Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, "Components of AMC Training" will be held on June 10th atAPPRAISAL BUZZ
Career Buzz & Press Releases. Chase Home Lending is hiring Staff Appraisers near you! May 6, 2021. Home Lending Appraiser Details Must Haves: Active State Appraisal License and a Certification (allowing you to appraise homes 1MM and Accurate Group, LLC is Looking to Fill Positions for Quality Control Analysts. May 5, 2021. HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. MOST COMMON ERRORS AND REQUESTS FOR APPRAISAL REVISIONS Note: This revision request is 100% on us Appraisers. While the above “Top 5” are the most common revision requests that we see, there are many others that we see regularly. Some of those are: a) “Include two pending sale/active listing comps for FHA reports.”. Remember, those two extra comps are required. See the HUD Handbook4000.1
HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled MULTIPLE PARCEL ARCHIVES Bill Dallas, president of Finance of America Mortgage, will speak at engage.marketing on the panel: Winning in a red-hot purchase market. Dallas is a mortgage industry veteran, building two mortgage companies from the ground up: First Franklin and Ownit Mortgage Solutions,starting in 1981.
HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
APPRAISAL BUZZ
Career Buzz & Press Releases. Chase Home Lending is hiring Staff Appraisers near you! May 6, 2021. Home Lending Appraiser Details Must Haves: Active State Appraisal License and a Certification (allowing you to appraise homes 1MM and Accurate Group, LLC is Looking to Fill Positions for Quality Control Analysts. May 5, 2021. HOW TO DETERMINE TIME ADJUSTMENTS Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. He also owns and operates The Appraiser Coach where he personally advises and mentors HOW TO IDENTIFY A RESIDENTIAL COMPLEX PROPERTY A complex one-to-four family residential property is defined as a property that meets at least one of the following criteria: The property to be appraised is atypical. The form of ownership is atypical. The market conditions are atypical. Below we dig a little deeper into each type of complex property outlined above, providingdetailed
A SPREADSHEET SOLUTION FOR LAND VALUE The equation is shown on the graph along with the square of the correlation coefficient. In this example, the equation is y = 7.476x -.650 where y is the lot value/sqft and x is the lot size in acres. The Subject’s lot size is .175 acres: y = 7.476 x .175^-.650 = $23.215/sqft. $23.215/sqft x .175 acres x 43560 sqft/acre = $176,966. CAN YOU BE AN APPRAISER AND AN AGENT AT THE SAME TIME Dustin Harris is a successful, self-employed, residential real estate appraiser. He has been appraising for nearly two decades. He is the owner and President of Appraisal Precision and Consulting Group, Inc., and is a popular author, speaker and consultant. WHAT YOU NEED TO KNOW FOR DIVORCE APPRAISALS Craig Capilla is a trial lawyer with the Franklin Law Group focusing on civil litigation and administrative law. As a former prosecutor for the Illinois Department of Financial and Professional Regulation, Craig frequently represents licensed professionals in state licensing matters involving real estate brokers, real estate appraisers, and home inspectors, among others. MOST COMMON ERRORS AND REQUESTS FOR APPRAISAL REVISIONS Note: This revision request is 100% on us Appraisers. While the above “Top 5” are the most common revision requests that we see, there are many others that we see regularly. Some of those are: a) “Include two pending sale/active listing comps for FHA reports.”. Remember, those two extra comps are required. See the HUD Handbook4000.1
HOW APPRAISERS SHOULD VALUE SOLAR PANELING An appraiser should ask for a year’s utility bills on the property to analyze the usage and the kilowatt hour rate at the location. PV Value® can estimate the production or establish a wattage needed to produce the energy at a location and develop a value conclusion using the cost and income approaches. It is designed to be used by skilled MULTIPLE PARCEL ARCHIVES Bill Dallas, president of Finance of America Mortgage, will speak at engage.marketing on the panel: Winning in a red-hot purchase market. Dallas is a mortgage industry veteran, building two mortgage companies from the ground up: First Franklin and Ownit Mortgage Solutions,starting in 1981.
HOW DO APPRAISERS ACCOUNT FOR A DIFFERENCE IN AGE BETWEEN Most of the time buyers tend to buy based on condition instead of age. Thus if there is a difference of a few years or so within a subdivision, it might not have any impact on value as long as the condition is similar. For instance, in some tracts we see an age range of 1977 to 1983. If one house was built in 1977 and another in 1983,and they
LESSONS THAT LAST
20 hours ago · A selection of mortgage executives discuss the wisdom that shaped their careers and the lessons they’re passing on to others to help shape the industry’s future. The post Lessons That Last appeared first on theMReport.com.ONE MOVE AHEAD
21 hours ago · With the end of forbearances on the horizon, what should the industry expect from government leadership in the months ahead? Policy experts weigh in. The post One Move Ahead appeared firston DSNews.
DELINQUENCIES HIT LOWEST RATE SINCE START OF PANDEMIC 45 minutes ago · The mortgage loan delinquency rate for March 2021 reportedly hit its lowest since March one year prior, when side effects of the global pandemic were just starting to drag down the U.S. economy. March was TEN MOBILE APPS FOR APPRAISERS For the busy appraiser, mobile appraisal apps are an essential tool in the box. Expensify. Keeping track of your mileage and expenses is a must for a business owner. Expensify allows you to do all of that as well as download it directly into QuickBooks. I simply take a photo of my business receipts and Expensify does all the rest. THERE’S NO CORRECT ANSWER IN APPRAISING 4 hours ago · The very first truly “knowledgeable” (one with an insight, understanding, or clear perception of a truth, fact, or subject) property purchaser I met was nearly four decades ago. In this case, he was also the client. He was buying an 1800s Victorian house in which his parents had operated a retail business for many years. INTERFIRST ADDS AUSTEN RICHARDS TO ITS WESTERN DIVISION 14 minutes ago · The company’s new Wholesale Senior AE will work to bolster the lender’s Western Division and foster business-to-business relationships. The post Interfirst Adds Austen Richards to Its Western Division appeared first on theMReport.com. THE FUTURE OF MILLENNIAL HOMEBUYERS Here’s how these important cohorts are differentiating themselves within the modern housing market. The post The Future of Millennial Homebuyers appeared first on theMReport.com. CLASS VALUATION ANNOUNCES ACQUISITION OF SOUTHEASTERN 14 minutes ago · TROY, Mich, June 8, 2021 – Today, Class Valuation announced it has acquired South Carolina-based appraisal management company (AMC), SouthEastern Evaluation (SEE). Class Valuation is a leading, technology-enabled AMC focused on providing regulatory-compliant appraisals to RADIAN NAMES FORMER FHA COMMISSIONER MONTGOMERY TO ITS Brian Montgomery named to the board of directors of MI provider after two tenures as HUD Deputy Secretary and head of the FHA. The post Radian Names Former FHA Commissioner Montgomery to FREE WEBINAR: COMPONENTS OF AMC TRAINING BY JOSH WALITT 1 day ago · Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, "Components of AMC Training" will be held on June 10th at__
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* Spring 2020 | Shining a Light on Appraisal Career Opportunities * Fall 2019 | Blue Door, Red Door, Doggie Door Value * Spring 2019 | Opportunity Awaits * Fall 2018 | Blockchain Technology * Spring 2018 | Man & Machine * Fall 2017 | Home Prices Up in Smoke * Spring 2017 | Change * Fall 2016 | Reengineering the Appraisal Process * Spring 2016 | Customary & Reasonable* Survey
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YEAR IN REVIEW – WHAT HAPPENED FOR APPRAISERS IN 2020? There were many major launches that allowed appraisers to be more efficient, work from wherever they…*
INVESTING IN THE FUTURE OF APPRAISING What a year! By all accounts, residential appraisers are as busy as they have ever been. In fact, th…*
ILLINOIS BILL INTRODUCED TO INCLUDE PROHIBITIONS AGAINST DISCRIMINATION IN APPRAISER AND REAL ESTATE LICENSING ACTS This article was originally published here on valuationlegal.com. A bill to amend Illinois’ appraise…*
WEBINAR INTERVIEW FOR SOCIAL MEDIA AND THE APPRAISER: THE NEED-TO-KNOWTIPS
Social media profiles can be one of the first ways people see and hear about your business. What doe…*
COMPLIANCE IS THE CORNERSTONE OF A SOUND HOUSING FINANCE SYSTEM As companies learn to deal with the continued restrictions, more and more companies struggle with ho…* 1
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VIDEOS
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Learning from the Past – An Interview with Tom Inserra"
original-title="Learning from the Past – An Interview with TomInserra">
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Thanksgiving 2020 Buzzcast"
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Buzzcast: Appraisal Adaptation and Modernization with George Opelka"
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Training Appraisers and How to Make it Work for You with Brian Ahrens"
original-title="Training Appraisers and How to Make it Work for Youwith Brian Ahrens">
BUZZTOONS
HOME-SCHOOLING KIDS OF APPRAISERS __September 21, 2020SUPER HERO
__May 5, 2020
TP
__May 5, 2020
VIRTUAL INSPECTION
__May 5, 2020
DRONE
__May 1, 2020
HOARDERS
__May 1, 2020
DON’T WORRY
__January 20, 2020
25 YEARS LATER
__January 20, 2020
SCHEDULING CONFLICT
__January 20, 2020
HAUNTED HOUSE
__October 30, 2019
APPRAISER SHORTAGE
__August 13, 2019
DOLL HOUSE
__August 13, 2019
ONLINE ESTIMATE
__June 17, 2019
MARKETING DIRECTOR
__June 11, 2019
INDOOR POOL
__May 7, 2019
ARTIST MURAL
__April 17, 2019
APPRAISAL INJURIES
__April 15, 2019
APPRAISAL DRONE
__April 12, 2019
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AROUND THE WEB
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RISING SEA LEVELS THREATEN AFFORDABLE HOUSING SUPPLY __DS News __December3, 2020
Flooding and other natural disasters are increasing due to carbon emissions and climate change, scientists say, putting the nation’salready …
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REAL ESTATE VALUATIONS IN A TIME OF CRISIS __DS News __December3, 2020
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REAL ESTATE FUND DESIGNATES $1 BILLION TO COMMUNITIES OF COLOR __DS News __December2, 2020
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FHA LOAN LIMITS OFFICIALLY INCREASE; BREAKING DOWN THE CRAZY RELATIONSHIP OF MBS, MORTGAGE RATES, AND TREASURIES __Mortgage News Daily__December
2, 2020
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FHFA EXTENDS FORECLOSURE MORATORIUM __DS News __December2, 2020
CAREER BUZZ & PRESS RELEASES*
A TOP NATIONAL AMC IS SEEKING A NEW CHIEF APPRAISER __Appraisal Buzz Staff__November 9, 2020
National AMC looking to bring on Chief Appraiser to round out the executive team for 2021. The desired candidate will …Read More »
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INCENTER APPRAISAL MANAGEMENT __admin __October 23,2020
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PROXYPICS RECRUITS BRETT KAROL AS VP OF STRATEGIC OPERATIONS __admin __September 25,2020
TOP RATED PRODUCTS
* Comparable Sales Photos is About Managing Risk$4.99
* How Joining an Appraiser Panel Can Benefit Your Business$0.00
MOST RECENT BUZZCAST*
LEARNING FROM THE PAST – AN INTERVIEW WITH TOM INSERRA__December 1, 2020
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RECENT POSTS
* Year in Review – What Happened for Appraisers in 2020?December 7, 2020
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* Mortgage Rates Continue to Hit New Lows While Home Sales Have‘Hit a Wall’
December 4, 2020
* American Property Guard Expands Coverage to All 50 StatesDecember 3, 2020
THE LATEST BUZZ
* __RT @ReCareerHQ : Thank you @SacAppraiser @aspenappraisals@AppraiserCoach
, @appraisalbuzz
@McKissock_Appr
and others mentioned in thepost…2020/12/04
* __Have you seen our latest Buzzcast? Joan Trice sat down with Tom Inserra - here we learned to look into our past to… https://t.co/QOk07gLngH2020/12/04 * __A 20 year old house you are appraising has newly remodeled kitchen and bathrooms, but no other improvements besides… https://t.co/Qjp9DnwJ4p2020/12/03Details
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