Category: Appraisal Technology

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Appraisal Advisor Now Completely Free for Appraisers

Appraisal Advisor is completely free for appraisers from here on out. They will not be charging appraisers anything to rate and review clients, and appraisers won’t be charged to view other appraisers’ reviews either. The OCC is now requiring that lenders “assess the third party’s reputation, including history of customer complaints or litigation,” and “assess the third party’s financial condition.” What does this mean for appraisers? It means that lenders are required to listen to what you’re saying about AMCs based on your scores, the invoices, reviews, and fees

AMC / AMC Ratings / Appraisal / Appraisal Management Companies / Appraisal News / Appraisal Technology

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OCC bulletin regarding AMCs, lenders, and Appraisal Advisor

On October 30, the OCC issued a bulletin to all national banks and savings associations entitled “Third-Party Relationships: Risk Management Guidance.” The bulletin, in a nutshell, outlines how lenders should manage and ensure compliance of their third party vendors. AMCs, third parties in the OCC bulletin, must be managed by specific guidelines in order for lenders to maintain compliance. Appraisal Advisor offers compliance with that regulation by providing lenders, AMCs, and appraisers with its ratings and reviews system. Appraisers’ constant scoring of AMCs on Appraisal Advisor is now, more than ever, THE key deciding factor in which AMCs lenders use....

AMC / AMC Ratings / Appraisal / Appraisal Management Companies / Appraisal News / Appraisal Technology

Extinction of the Appraisal Industry - Image courtesy of Nujalee / FreeDigitalPhotos.net 23

The Imminent Extinction of the Appraisal Industry?

Late yesterday afternoon a bill was introduced in the House of Representatives that would alter the mortgage process and ultimately the way millions of Americans receive a mortgage. HR 1108 would eliminate the need for an appraiser to appraise a home prior to the funds being disbursed to the

AMC / Appraisal / Appraisal Management Companies / Appraisal News / Appraisal Organizations / Appraisal Technology

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Appraisal Advisor, a Real Estate Appraisal Technology Company, Launches Nationwide

Real estate appraisers find, rate, and manage clients using Appraisal Advisor’s new platform. Atlanta, GA – Tuesday, April 16 – Appraisal Advisor, LLC announced today the launch of an exciting new service focusing on helping real estate appraisers better evaluate and manage the clients, appraisal management companies (AMCs), and lenders that they do business with. Appraisal Advisor provides appraisers with instant access to client ratings and reviews, written by other appraisers, and gives appraisers an avenue to have complaints and non-payment issues be heard. Already boasting an unprecedented database of hundreds of thousands of individually-verified clients and thousands of reviews...

AMC / AMC Ratings / Appraisal / Appraisal Management Companies / Appraisal News / Appraisal Technology

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Rate AMCs and Lenders

Because life’s too short for a bad client Appraisal Advisor provides a suite of tools to anonymously view, rate and review AMCs and Lenders using criteria that only matter to appraisers like you. You can search for good and bad clients, view average payment time frames, see average fees, gain a better negotiating stance, and much more. Founded in 2011, Appraisal Advisor is a real estate appraisal technology company that gives appraisers the tools to better manage their clients. It provides an anonymous community to score AMCs and lenders with its review and ratings

AMC / Appraisal / Appraisal Management Companies / Appraisal News / Appraisal Technology / Appraisers News

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There’s An App For That!

There’s An App For That! Finance Management Apps For Your Appraisal Business Americans love their mobile devices!  We use them to browse the Internet for information, text our families and friends, email our business colleagues, post statuses in social media platforms, and much more. To put things into perspective, consider the recent data provided by Business Insider. It shows the landscape of the US smartphone market, its popularity, and usage. Let’s look at the numbers. There are approximately 310 million people in the United States. Comscore.com says 114 million used smartphones in July 2012. Flurry.com reports that there are at least 165...

Appraisal / Appraisal News / Appraisal Technology / Appraisers News / Business Development

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FloodInsights Provides National Flood and Florida Sinkhole Reports

Sinkholes have become a very hazardous and costly risk in Florida. There are certain counties: Pasco, Hernando, and Hillsborough where the land is inundated with sinkholes. However over the last few years the risk of sinkhole and subsidence events has been spreading geographically. According the state of Florida, 211 property insurers noted that claims increased from 2,360 in 2006 to 6,694 in 2010.  The total dollar amount of those claims was near $1.4 billion dollars. There has not been a simple answer to why sinkhole incidents have been on the rise in Florida.  It is believed that

Appraisal / Appraisal News / Appraisal Technology / Appraisers News / Business Development

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We Need More Regulations?

“There oughtta be a law!” This is the typical rant from well-meaning Americans who feel they have been wronged in some way. In some cases, they may be right. There is a place for government and there are a reasons for regulations. The problems is, we have too dang many of them! Appraisers of any walk are usually the first ones to complain against excess government overreach. Yet surprisingly, they can also be the first ones to call for more when it appears to be in their favor. Take a recent thread I was reading on a popular appraiser web...

AMC / Appraisal / Appraisal Management Companies / Appraisal News / Appraisal Technology / Appraisers News

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Playing the Violin and your Company’s Image

If I said to you the name Joshua Bell, would it mean anything to you? No fair Googling. Well, it did not mean anything to literally thousands of commuters in a Washington D.C. subway terminal recently either. Neither did the music he played mean much to them as they hurried past. Here, watch the video: So, who is Joshua Bell? He is a Grammy award-winning violinist who is considered by some to be the best in the world! The experiment you just viewed was sponsored by the Washington Post. They placed one of the best violinists in the world, holding...

Appraisal / Appraisal News / Appraisal Technology / Appraisers News / Business Development

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DataMaster Releases Beta UAD Compliant Version

DataMaster has recently released a beta UAD compliant version, called DataMaster Plus. With the new DataMaster Plus, all of the imported information is “UAD compliant” and in the proper format. No need to translate MLS data to meet the UAD standards. DataMaster Plus does this automatically. To learn about DataMaster Plus and its features, register for the webinar. The webinar includes: Brief overview of UAD. How DataMaster handles the UAD requirements. How to customized your DataMaster to fit your requirements. How to build profiles for different lenders and clients. DataMaster is offering a free 14 day trial and is available...

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

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