Hearing on Appraisals

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VaCAP Board

Coalition of Appraisers in Virginia at Virginia Coalition of Appraiser Professionals
Coalition of individual appraisers working together to unite, promote and protect the collective interests of all appraisal professionals in Virginia; to promote needed changes in laws, rules, regulations, policies and standards affecting all appraisers in Virginia; to observe and report the actions of regulatory, legislative, oversight, and standards-setting entities of the Commonwealth.
VaCAP Board

Latest posts by VaCAP Board (see all)

US House Financial Hearing on Appraisals - Another Appraisal WaiverUS House Financial Services Committee Hearing on Appraisals – The subcommittee on Housing, Community Development and Insurance is holding a hearing entitled “What’s Your Home Worth? A Review of the Appraisal Industry” on June 20, 2019 at 2:00 PM. The hearing is open to the public and can be lived streamed. To find out more about this hearing, go to the US House Financial Services Committee website.

Contact the Representatives on this subcommittee. Make sure consumer protection is at the forefront at this hearing and not the profits of the GSE’s. Are the representatives aware the GSE’s are sending unlicensed, unregulated individuals into their constituents homes for data collection? Hybrids and unlicensed inspectors do not protect the consumer and are harmful to the economy as a whole. You can also share your story to the House Financial Services Committee here. Hybrid Educate our representatives!

The Appraisal Subcommittee Wants Public Comments on Another Appraisal Waiver. Well, not exactly. The ASC wants comments on the revised waiver request submitted by the State of North Dakota. See the request and comment instructions here.

Last week VaCAP shared the DOJ was investigating CoreLogic. Today we learned the Chief Legal Officer for CoreLogic, Arnold Pinkston has resigned. Coincidence or getting out ahead of what is coming? Time will tell. Mr. Pinkston has been Chief Legal Officer since January 2018. See the story here.

Corelogic’s chief counsel is leaving the company as it deals with a DOJ inquiry. The move comes a week after the US Department of Justice demanded the multiple listings service vendor hands over its data…

Licensed in Washington DC? The Department of Consumer and Regulatory Affairs is holding public meeting on the regulations of Appraisal Management Companies. DCRA wants your feedback.

June 6th @ 1:00 PM
1100 4th Street SW
Washington, DC 20024
Room E 200

Preregistration of the meeting is required. See the flyer and registration instructions here.

VaCAP Board

VaCAP Board

Coalition of individual appraisers working together to unite, promote and protect the collective interests of all appraisal professionals in Virginia; to promote needed changes in laws, rules, regulations, policies and standards affecting all appraisers in Virginia; to observe and report the actions of regulatory, legislative, oversight, and standards-setting entities of the Commonwealth.

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10 Responses

  1. Avatar Tom Granito says:

    Can someone stand up for the appraisers who has high intelligence and can let them know why we are getting screwed around please represent us. I’m tired of seeing the same old people from the same old organizations sit in front of Congress and bite their tongues.

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  2. Joy Lynn on Facebook Joy Lynn on Facebook says:

    Fox news needs to be sent all this data. And all local news in every state. American people need to know what is going on.

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  3. Avatar Bill Johnson says:

    Lots of people, some in power, some not may hear us, but 10+ years post HVCC, no one appears to be listening.

    Seek the truth.

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  4. Avatar Koma says:

    Come on you know they will only listen to us after the next crash. Or blame us is more like it!

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  5. Baggins Baggins says:

    This months news; Earnings for American workers are tracking upward at the highest pace in 20 years. (Except of course for real estate appraisers…)

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  6. Avatar Tom Granito says:

    I mean all these guys who have blogs, weekly videos, monthly newsletters etc. All the expo’s in Vegas or Texas and we can’t get any of these smart people to come forward and represent us?

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    • Baggins Baggins says:

      Take a photo of everyone speaking, and replace their face with their corporations logo. They’ll all be there, except for individually licensed people. Agreed though, someone needs to schedule this in immediately. Somebody important, well mannered, experienced, but most importantly is not going to be advocating for big corporations and big tech, but rather will advocate for everyday hard working full time focused appraisers whom does not agree with the use of hybrids or waivers.

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  7. Avatar Tamster says:

    I believe that appraiser organizations have stood up but don’t seem to get any traction. Is it due to low membership, or money? Appraisers need a large organization to support them (the NAR certainly does not) and go to the Hill.

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  8. Avatar Tom Granito says:

    The appraisal organizations that stood up for themselves, their wallets and shrinking memberships got us no where. We have powerful organizations like VaCap and LREAB that represent more of the working appraiser to take a stand. Here is the time for some action. Here is the time to rise up and make a difference. If not then we all will be talking about it in months to come. Like “why didn’t we go there and say that or do this”. The same garbage I keep reading about in every other newsletter and the same frustrations I keep seeing people post after the fact and we don’t get our point across and make a difference.

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    • Baggins Baggins says:

      I’m often taking a moment to inform realty agents about the dire state of the appraisal industry, and the emerging movement to replace us with unlicensed inspectors and tech people. The general consensus from licensed agents is that the appraisers job is highly difficult, usually well respected, most think we should get paid better and remain in place. There is often a clear sense of relief when I tell them the appraisal request was not sourced from any third party or amc company.

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Hearing on Appraisals

by VaCAP Board time to read: 1 min