Category: National Real Estate Information Services (NREIS)

Appraisal news for real estate appraisers and real estate professionals regarding National Real Estate Information Services (NREIS), an appraisal management company, which closed its doors in early 2013.

Forecasting Your Appraisal Business 0

Forecasting Your Appraisal Business

Improving your financial management through cash flow forecasting Memorize this statement: “Cash flow is the lifeblood of all businesses.  Without cash flow your business will die.” I stress this statement often when I talk to appraisers during conferences, meetings, and webinars. Why? Because you are a small business owner first… and an appraiser second! Appraisers do a remarkable job and take great pride in their appraisal work. I recommend that you also take this attitude and approach towards your appraisal business, particularly your cash flow. What Is Cash Flow Forecasting? Cash flow forecasting is defined as planning what cash will come into the business in...

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Deadbeat AMCs – FBI Wants to Know

We are passing along this message from Dave Towne:  “Ivor Hill has been working with the FBI. Today (1/24/13) the FBI collected all the files he had for JVI and appraisers that are owed money.”  “He has asked to ask everyone, and that they ask everyone they know, to spread word that if anyone is owed money from ES Appraisal or any other AMC

NREIS AMC closure 4

National Real Estate Information Services (NREIS) Closing

National Real Estate Information Services (NREIS) to Close in February. Information is circulating from various sources that National Real Estate Information Services (NREIS) will be closing within the next sixty days. Sources say NREIS employees have been notified that it will be closing. If you are owed for unpaid appraisal reports, you should contact NREIS immediately and demand payment. When the shutdown happens, and you are still unpaid, contact the LENDER directly. LENDERS are responsible under federal lending regulations for the actions of their AGENTS (such as NREIS), and thus are legally responsible for your fee payment. If you are in...

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