Abdur Abdul-Malik - Certified Real Estate Appraiser

Expert Wants to “Eliminate” Appraisers

Abdur Abdul-Malik — Mon, 07 Jan 2019 13:30:29 +0000

Mortgage Industry Expert Wants to “Eliminate” Appraisers – A Response The National Mortgage News website just published an interview with an industry expert who openly stated she wants to “eliminate” the appraisal profession. No subtlety, no nuance — she wants us gone! Given the name of the website, I didn’t expect to find too many pro-appraiser viewpoints. I ran a search for the term “appraiser” on the website’s internal search engine and many of the articles that came up were about eliminating the profession or the current state of appraisal waivers.…to “eliminate” the appraisal profession… Rather than read the article...

First Impressions of Clear Capital’s AVM An Appraiser’s First Impressions of Clear Capital’s AVM... It’s no secret the lending industry is aggressively pursuing alternatives to traditional…
The Expert Only Gets 10% of Fee In the Appraisal World, The Expertise Only Gets Ten Percent of Fee An Indiana state certified appraiser based in Indiana…
Bank Profits: Eliminate Appraisers Zestimate Gone Wrong. It all comes down to money and profits… Once again the Zestimate has a home-owner up in…

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First Impressions of Clear Capital’s AVM

Abdur Abdul-Malik — Wed, 02 Jan 2019 13:30:53 +0000

An Appraiser’s First Impressions of Clear Capital’s AVM… It’s no secret the lending industry is aggressively pursuing alternatives to traditional appraisals. While most participants in the industry will concede an appraisal is still the gold standard for collateral valuation, they increasingly see the appraisal as something to be steered around or avoided altogether. An array of products/alternatives are being bandied in lieu of a traditional appraisal: Hybrids, Evaluations, BPOs (broker price opinions), Desktop Appraisals, and outright Appraisal Waivers. The industry is also turning its attention more and more to AVMs (automated valuation models). AVMs have been around for nearly three...

Uncovering Flaws in FHA Appraisal & Loan Review Process The story of this single mother's harrowing experience with a defective home purchase and HUD's negligent oversight exposes deep flaws…
USPAP’s Typical Buyer Standard in the Fair Housing Era The Irreconcilable Conflict Between USPAP's Typical Buyer Standard and the Current Fair Housing Compliance Regime. Retain this document as a…
County Assessors' Standards | AVM Final Rule Guidance County Assessors have the advantage of being able to calibrate their models specifically for one market, allowing for a more…

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Just Because You’re Paranoid Doesn’t Mean They Aren’t After You

Abdur Abdul-Malik — Fri, 03 Aug 2018 12:30:38 +0000

It appears the government sees the future of appraising as one driven largely by Automated Valuation Models, Hybrids, and outright appraisal waivers…. The title for this article comes from a famous quote by Joseph Heller (the author of Catch-22 fame). I thought of his pithy quote when reading the recommendations by the Department of Treasury to the president. The title of the report: “A Financial System That Creates Economic Opportunities Nonbank Financials, Fintech, and Innovation” seems innocuous enough. However, some decidedly non-innocuous observations / recommendations regarding the appraisal industry appear starting on page 103. The report starts off promising enough;...

What IS a “ClearVal Appraisal”? Clear Capital ClearVal... Value Not So ClearCut... I’ve finally had an opportunity to read a hybrid ‘appraisal’ start to finish.…
Top DEI Bosses Have a Problem - Diversity The ranks of the new DEI bosses at the financial institutions are no more diverse than the appraisers their institutions…
Is the GSE's "Appraisal Modernization" Really Just… Mass Appraisal tend to exhibit a regressive nature... In the intricate landscape of real estate mortgage financing, the notion of…

The post Just Because You’re Paranoid Doesn’t Mean They Aren’t After You appeared on Appraisers Blogs.

Slamming the Appraisal Industry

Abdur Abdul-Malik — Wed, 27 Jun 2018 12:30:18 +0000

A Rebuttal to Real Estate Agent Slamming the Appraisal Industry… Forbes recently published an opinion article that attacked the appraisal industry and placed all the blame on appraisers for real estate transactions falling through due to a “low” opinion of value. The article was written by a real estate agent out of Arizona. While he raises some good points, he is conflating a lot of issues together. 1) He does point out that there are bad appraisals. We all know that. There are bad appraisers just like there are bad agents who have clients list a property far above any...

USPAP’s Typical Buyer Standard in the Fair Housing Era The Irreconcilable Conflict Between USPAP's Typical Buyer Standard and the Current Fair Housing Compliance Regime. Retain this document as a…
Is the GSE's "Appraisal Modernization" Really Just… Mass Appraisal tend to exhibit a regressive nature... In the intricate landscape of real estate mortgage financing, the notion of…
The Real Cause of the Home Value Gap Is the Income Gap Blaming appraisers for the income gap will never solve the real underlying problem... Blaming appraisers for the income gap is…

The post Slamming the Appraisal Industry appeared on Appraisers Blogs.

Abdur Abdul-Malik - Certified Real Estate Appraiser

Expert Wants to “Eliminate” Appraisers

Related Posts:

First Impressions of Clear Capital’s AVM

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Just Because You’re Paranoid Doesn’t Mean They Aren’t After You

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Slamming the Appraisal Industry

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