Author: AppraisersBlogs

ANSI Measuring Standard Required by FNMA 807

ANSI Measuring Standard Required in 2022

On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. Appraisers will be required to use the Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections with effective dates of April 1, 2022 or later for loans sold to Fannie Mae. For more information, watch this video and check out this fact sheet.   Here are some items for appraisers to consider when using the ANSI standard Measurements...

American National Standards Institute / ANSI / Appraisal / Appraisal News / Appraisers News / Fannie Mae - Freddie Mac

ASC 2021 Roundtable: Building a More Equitable Appraisal System 6

Building a More Equitable Appraisal System

ASC 2021 Roundtable: Building a More Equitable Appraisal System The Appraisal Subcommittee is hosting the second in a series of roundtables to explore issues of bias and inequities facing the appraisal industry and how to chart a path forward. On November 9, 2021, the Appraisal Subcommittee (ASC) will convene its second ASC 2021 Roundtable: Building a More Equitable Appraisal System, to build upon the success of the first roundtable and address historical and contemporary factors that have contributed to the inequities challenging the appraisal system today. Please join us for the second event of this groundbreaking series, which will bring...

Appraisal / Appraisal News / Appraisal Organizations / Appraisal Subcommittee / Appraisers News / ASC

Is There Systemic Racism in Appraising? Where is the Evidence? 19

Is There Systemic Racism in Appraising?

Brian Stevens of NREP questions why no evidence has been put forward to support systemic racism in appraising. He proposes that a comprehensive non-partisan study of the industry be conducted before labeling an entire industry with easy and cheap terms like “systemic”. So we have all heard the story about systemic racism in residential appraising. There have been a handful of cases where it’s been determined that appraisers have brought appraisals in low based on the homeowner’s race. Now I don’t know if this is true and you don’t know if this is true. We don’t know the value, the...

Appraisal / Appraisal News / Appraisers News / Trending / Video

Racial Bias in Appraisals Survey - Appraisers Blogs 7

Racial Bias in Appraisals Survey

Fannie Mae wants to hear from you about racial bias in appraisals. The survey closes on October 3, 2021. News media reports alleging racial bias in home appraisals have turned a spotlight on the appraisal process in the mortgage industry. We at Fannie Mae take allegations of appraisal bias seriously, and as one of the largest consumers of residential appraisals in the United States, we want to make sure we are doing all we can to identify and help prevent it. Many of the conversations on this topic have excluded appraisers. To help us address appraisal bias from all perspectives,...

Appraisal / Appraisal News / Appraisers News / Fannie Mae - Freddie Mac

Why So Many Appraisers Say NO to Bifurcated Hybrid Appraisals 13

Why Appraisers Say NO to Hybrids

Could this be another reason why so many real estate appraisers refuse to do bifurcated hybrid appraisals? Recently, a Mueller Services ‘inspector’ posted a comment on the article titled “Mueller Sample Report. You Decide!“. Could this be another reason why so many real estate appraisers refuse to do bifurcated hybrid appraisals? It goes without saying that bifurcated hybrid appraisals are uniformly performed by very low paid, with third grade level writing skills, untrained property ‘inspectors’ using a checklist – but with no appraisal training and skill. Tbhiitsch: Ah yes, Ive worked for Mueller services. It’s an easy job kind of,...

AGA / ANSI / Appraisal / Appraisal News / Appraisal Organizations / Appraisers News

Vaccines Mandate for Realtors? 20

Vaccines Mandate for Realtors?

 Brian Stevens of NREP discusses vaccines mandates in a video blog and whether real estate companies have the right to mandate vaccinations for agents who see see themselves as independent contractors. The video got a fair amount of attention. A good deal of comments were unfavorable to the vaccines mandate. COVID, our current seven day average right now with COVID cases is 145,724 cases with 36,953 cases on September 12 alone. These numbers are about half of the COVID high back in January 9 which was 253,946 cases… Here is the thing, RedFin, Warburg Realty, Remax and Coldwell Banker Bain,...

Appraisal / Appraisal News / Appraisers News / Trending

Subscribe - Moving Subscription Service 6

Please Subscribe

We’re Moving Our Subscription Service! We are moving our subscription service from Google to a new service since Google FeedBurner is deprecating its email subscription beginning July 2021. Unfortunately, the new service does not allow us to import our subscribers from a third-party service such as FeedBurner. This is done to avoid spammers from abusing their system. If you want to continue receiving email notifications from us when new articles are published, you will need to subscribe below. Starting July 1, 2021, you will no longer be receiving email notifications from our old subscription service, Google FeedBurner.  

Appraisal / Appraisal News / Appraisers News

Appraisal Issues: Waivers, Racism, Fees & Trainees 18

Let’s Talk Waivers, Racism, Fees & Trainees

Frank Garay with National Real Estate Post interviewed Mark Skapinetz on Monday May 17, 2021. They discussed racism, entry into the appraisal field, appraisal fees and appraisal waivers. Frank intends on having Mark back to discuss other issues at hand within the appraisal industry. Kudos to NREP for using their platform to allow boots on the ground appraisers explain the current state of affairs with regards to the appraisal profession. On racism and racial bias allegations, Mark explains What we don’t know is the other side of it. We don’t know the appraiser side of it. We haven’t seen any...

AGA / Appraisal / Appraisal News / Appraisal Organizations / Appraisers News / Customary & Reasonable Fees

Amrock Mandatory Diversity Training 25

Amrock Mandatory Diversity Training

An appraiser shared the following with us. Amrock is requiring all appraisers on their panel to complete a diversity, equity and inclusion training by April 19, 2021. Amrock Diversity, Equity and Inclusion Training Requirement: You’re Cordially Required to Take Part in This Training Hello, As an organization, we firmly believe in the importance of diversity, equity and inclusion (DE&I) for everyone – and we’ve taken a stance through the implementation of our DE&I Strategic Plan. As part of that plan, all Amrock team members have completed an online Cultural Competency Training. We’re now extending that requirement to all our Amrock...

AMC / Appraisal / Appraisal Management Companies / Appraisal News / Appraisers News / Trending

Opinion of an Insider on the New Form - Appraisers Blogs 13

Opinion of an Insider on the New Form

An appraiser shared the following with us which was posted on one of the appraisers’ groups. There’s been a lot of mis-information about the new FNMA form posted so i thought i might clear the air a little bit. Being a software provider i’m in the loop but i can’t disclose every thing i know due to confidentiality. That being said i’m just the messenger and don’t shoot the messenger. the new form is not to put appraisers out of business. if they weren’t providing the new form, then i’d be worried. the previous forms were designed for a typewriter....

Appraisal / Appraisal News / Appraisal Software / Appraisal Technology / Appraisers News / Fannie Mae - Freddie Mac

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