Pushing Back Against Appraisal Waivers
AI & 37 Appraisal Organizations pushing back against Appraisal Waivers…
Clarification on Treasure Valley Factors:
Last week we shared with you information about Treasure Valley Factors no longer accepting invoices from Managed Appraisal Services. Many interpreted this to mean Treasure Valley Factors was no longer accepting appraisal management companies’ invoices. This is not correct.
Managed Appraisal Service, Inc. is an Appraisal Management Company located in Horsham, PA. It is this company’s invoices Treasure Valley Factors is no longer accepting. Treasure Valley Factors is still accepting invoices from other Appraisal Management Companies. Treasure Valley Factors reviews each company individually and makes decisions based on their own risk assessment criteria.
We apologize if the wording of our post was unclear.
The Appraisal Institute Speaks Out Against PIW and ACE Appraisal Waivers
On Friday September 8th, The Scotsman Guide published an interview with AI President Jim Amorin concerning why the Appraisal Industry is pushing back against appraisal waiver programs. The interview covers several topics, including the appraisal shortage. It appears AI has reversed their commentary on appraiser shortages. Their position is more in line with what the boots on the ground appraisers have been saying and a step towards a more unified industry. Well worth a look. Click here to see the article.
37 Appraisal Organizations Unite as one large voice!
VaCAP along with 36 other appraisal industry groups signed joint letter against the PIW and ACE appraisal waiver programs. See the article written by ICAP and the letter on AppraisersBlogs here.
Our fellow Appraisers need our help!
Harvey and Irma have made a mess. Our friends and colleagues in Texas and Florida have been impacted by these storms. A GoFundMe page has been established by a group of appraisers to help our fellow appraisers impacted by Harvey. Click here to donate what you can to help.
Heads up! Lenders will be asking for property damage reports on properties we have appraised and are going to appraise over the next few weeks. Try to stay positive when we get these requests. Hurricane Irma has a 450 mile radius and in all fairness to the lenders, they simple want to verify the property is free from damage. Try to remain positive with these requests and understand the underwriter, AMC, and processors are simply doing their jobs.
- It’s Just Responsible Journalism! - February 21, 2024
- Limitations for Damages Against Appraisers - January 9, 2024
- AMC Engagement Letter: Appraisers Do Not Include Your Invoice - July 28, 2023