Author: Guest Author

Experienced and New: A Review of Appraiserfest 2018 - Appraisers Blogs 7

Experienced and New

Experienced and New: A Review of Appraiserfest 2018 By Tom Horn, SRA and Woody Fincham, SRA, AI-RRS, RAA Member of RAC A Newbie Conference Attendee’s Take on Appraiserfest 2018 Tom Horn, SRA I just got back from the first ever Appraiserfest conference, held in San Antonio, Texas, and while it is fresh on my mind I thought I would share my thoughts. This is my first national appraisal conference to attend and I have to say it did not disappoint. I have been an appraiser for quite a while but have never been interested in spending my money or time to attend...

See Something, Say Something - Engage in a Campaign to Expose Lies 6

See Something, Say Something

…engage in a brief healthy debate with the other side to expose the falsities being spread… Anyone wanna play the “what if” game with me? Ok fine… I’ll be the dreamer and you tell me the reality of it. Here we go…. What if… all of us independent appraisers, since we are the only ones with a voice for the industry, were to actively engage in a campaign to call out real estate and mortgage marketing propaganda across the internet as and when we see it, which should be several times a day. The internet is riddled with lies that...

Independent Appraisers Task Force to Overcome the Number Game 12

Independent Appraisers Task Force

Create a task force of only independent appraisers… Appraisers are a minority in the real estate/lending world and tasked as the gatekeepers of mortgage transactions to protect everyone in the transaction from their immediate rapacity. Of the 40 some thousand residential appraisers I have no idea of the exact division of field appraisers to reviewers. I’m guessing that maybe it’s divided in half, or say a third which are reviewers and then there’s probably another third or so that are newer licensed appraisers. So now we have around 20,000 or so Certified Appraisers that are in the field and are...

Human Real Estate Appraisers Unnecessary? - Appraisers Blogs 72

Human Real Estate Appraisers Unnecessary?

“Real estate appraisers will not exist in the future.” – Reasons Behind Matt Rider’s Projection and Why He’s Wrong Technology in real estate is advancing to a point where any user can “pull up a property’s data together” and create an appraisal. This is the main point raised by Franklin American Mortgage’s Chief Information Officer Matt Rider in his interview with National Mortgage News. He claimed that as a result, real estate appraisers wouldn’t exist in the future. Rider’s projection seems to be based on society’s increasing dependence on Big Data and artificial intelligence (AI). According to Forbes contributor Jason...

Story of My Appraisal Fee is Told to the Consumer, Not Buried on Page 26 20

Front & Center

The story of my fee! Disclosure of my Fee is Front & Center Remember those dreaded book reports in grade school? Remember the oral presentations in front of the class? We did not think much of it then, but this was the beginning of public speaking. Fast Forward to today: Our appraisal reports are similar to those dreaded book reports except there is no oral presentation, no public speaking. No way to BS your way through it because you only read the Cliff Notes, not the actual book itself. We have come a long way and today we write reports...

Community Banks Appraisal Waivers Deja Vu - If I Could Turn Back Time 61

If I Could Turn Back Time

Community Banks want to bypass appraisals in rural area… Evaluations are the answer, right? There have been lots of discussions lately concerning property inspection waivers, waivers of appraisals in rural areas, and allowing appraisers to complete Evaluations outside of USPAP standards. Doesn’t this all sound familiar? It should, we have already lived it 30 some years ago, prior to FIRREA. Back then Savings and Loans had staff appraisers to complete appraisals. The appraisal was not completed by a licensed appraiser, because licensing to protect the public did not exist. Today Community Banks want to bypass appraisals in rural area. Their...

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