ACOW - Appraisers Blogs https://appraisersblogs.com/tag/acow-2/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 03:18:17 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 ACOW - Appraisers Blogs https://appraisersblogs.com/tag/acow-2/ 32 32 52046035 WA Appraisers Stung by Fee Hikes and Veto https://appraisersblogs.com/washington-appraisers-stung-by-fee-hikes-n-veto/ https://appraisersblogs.com/washington-appraisers-stung-by-fee-hikes-n-veto/#comments Fri, 06 Jun 2025 12:30:50 +0000 https://appraisersblogs.com/?p=32888 Washington state appraisers are facing skyrocketing fees to cover a debt caused by mismanaged funds — while a veto blocked relief, leaving them to pay for a problem they didn’t create.  In Washington, where evergreen forests meet bustling real estate markets, appraisers are caught in a bureaucratic drama that’s anything but charming. Robert Mossuto Jr., owner of B.N. Appraisals, Inc., with over two decades of experience appraising residential real estate, recently took to LinkedIn to expose a saga of skyrocketing fees, mismanaged funds, and a gubernatorial veto that’s left the state’s nearly 3,000 credentialed appraisers reeling. This tale is as...

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]]> https://appraisersblogs.com/washington-appraisers-stung-by-fee-hikes-n-veto/feed/ 19 32888 County Assessors’ Standards | AVM Final Rule Guidance https://appraisersblogs.com/county-assessors-standards-avm-final-rule-guidance/ https://appraisersblogs.com/county-assessors-standards-avm-final-rule-guidance/#comments Fri, 23 Aug 2024 12:30:47 +0000 https://appraisersblogs.com/?p=31284 County Assessors have the advantage of being able to calibrate their models specifically for one market, allowing for a more tailored and precise approach.  The OCC, FDIC, NCUA, CFPB, and FHFA (collectively, the Agencies) are adopting a final rule to implement AVM quality control standards mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The quality control standards apply to mortgage originators and secondary market investors in determining the value of a dwelling that is the collateral for mortgage financing. Under the final rule, institutions involved in specific credit decisions or securitization activities are required to...

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]]> https://appraisersblogs.com/county-assessors-standards-avm-final-rule-guidance/feed/ 17 31284 Insights from CFPB’s Public Comment Period https://appraisersblogs.com/insights-from-cfpb-public-comment-period/ https://appraisersblogs.com/insights-from-cfpb-public-comment-period/#comments Tue, 13 Aug 2024 12:30:20 +0000 https://appraisersblogs.com/?p=31229 The comment period on the Consumer Financial Protection Bureau’s (CFPB) “Request for Information Regarding Fees Imposed in Residential Mortgage Transactions” concluded on August 2, 2024, with a total of 959 comments received. Upon reviewing some of these submissions, several noteworthy perspectives emerged regarding appraisal fees and the role of Appraisal Management Companies (AMCs). The National Association of REALTORS® (NAR) highlighted the lack of transparency surrounding AMC fees, which are often bundled together with the actual appraisal fee on the Closing Disclosure (CD). This opaque structure prevents consumers from understanding the true cost of the appraisal service and hinders their ability...

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]]> https://appraisersblogs.com/insights-from-cfpb-public-comment-period/feed/ 53 31229 The Illogical Reality of Mortgage Appraisal Reviews  https://appraisersblogs.com/reforming-the-appraisal-review-process-the-illogical-reality-of-mortgage-appraisal-reviews/ https://appraisersblogs.com/reforming-the-appraisal-review-process-the-illogical-reality-of-mortgage-appraisal-reviews/#comments Thu, 13 Jun 2024 12:30:28 +0000 https://appraisersblogs.com/?p=30943 Reforming the appraisal review process is essential to maintaining the integrity of the real estate market and protecting consumers and homeowners.  In mortgage financing, the appraisal process is often seen as the foundation of accurate property valuation and market stability. However, beneath this façade of reliability lies a troubling rift: while real estate appraisers must navigate stringent licensing protocols and scrutiny, the individuals reviewing the appraisals often operate with minimal oversight, instead leaning heavily on automated systems and algorithms. This stark disparity not only undermines the credibility of the review process but also revives the threat of past missteps, once...

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]]> https://appraisersblogs.com/reforming-the-appraisal-review-process-the-illogical-reality-of-mortgage-appraisal-reviews/feed/ 27 30943 The One-Mile Rule: Prudent Policy or Modern Day Redlining? https://appraisersblogs.com/the-one-mile-rule-prudent-policy-or-modern-day-redlining/ https://appraisersblogs.com/the-one-mile-rule-prudent-policy-or-modern-day-redlining/#comments Thu, 18 Apr 2024 12:30:24 +0000 https://appraisersblogs.com/?p=30730 …whether through redlined maps or implicit “one-mile rule,” the result can be undervalued properties in historically marginalized neighborhoods.  Throughout the history of mortgage banking and lending in the United States, underwriting policies have significantly influenced the appraisal process for home purchases and refinances. Appraisers must follow underwriter appraisal review guidelines meticulously to ensure their appraisal reports are accepted by the lender. Unfortunately, in the past, these policies became the basis for redlining, wherein certain communities were systematically denied access to mortgage credit. In this article, we delve into the historical context of underwriting policies and their influence on the appraisal...

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]]> https://appraisersblogs.com/the-one-mile-rule-prudent-policy-or-modern-day-redlining/feed/ 8 30730 Appraisers Take on Washington DC https://appraisersblogs.com/regulators-amcs-appraisers-working-together https://appraisersblogs.com/regulators-amcs-appraisers-working-together#comments Fri, 26 Oct 2018 12:30:42 +0000 https://appraisersblogs.com/?p=19637 Hybrids were a big topic & many regulators are concerned about their compliance… Independent Fee appraisers representing 15 different states were well represented in Washington DC this past weekend. Appraisers from  Virginia, North Carolina, South Carolina, West Virginia, Ohio, Louisiana, California, Illinois, South Dakota, Michigan, Utah, Rhode Island, Delaware, Maryland and Washington State joined together in DC for several gatherings. To sum it up simply… Positive Unity among all. On Friday, three members of VaCAP attended the Appraisal Standards Board Meeting. This meeting was live streamed, so hopefully you were able to watch live. Lots of discussions on the proposed changes to the 2020-2021...

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]]> https://appraisersblogs.com/regulators-amcs-appraisers-working-together/feed/ 3 19637 Historic Meeting of State Appraiser Organizations https://appraisersblogs.com/appraisal/historic-meeting-of-state-appraiser-organizations/ https://appraisersblogs.com/appraisal/historic-meeting-of-state-appraiser-organizations/#comments Mon, 20 Oct 2014 12:30:03 +0000 https://appraisersblogs.com/?p=6644 Representatives of several independent state professional appraiser organizations met in Chicago, Illinois on Saturday October 11th, to further discuss collaboration on issues affecting their membership. The network, which started as a conversation among three State appraiser organizations less than a year ago, now comprises 16 such State Organizations which is expected to continue growing. The group, which functions as a network rather than a formal organization is unique in its focus and operation. The network has no single elected leader but is comprised of leaders from each participating state organization; it is self-governing by consensus. Participating organizations do not pay...

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]]> https://appraisersblogs.com/appraisal/historic-meeting-of-state-appraiser-organizations/feed/ 3 6644 Washington State Raises AMC Bond Requirement to $100,000 https://appraisersblogs.com/appraisal/washington-state-raises-amc-bond-requirement-to-100000/ https://appraisersblogs.com/appraisal/washington-state-raises-amc-bond-requirement-to-100000/#comments Thu, 06 Jun 2013 12:30:00 +0000 https://appraisersblogs.com/?p=4736 As a direct result of the recent financial failure of appraisal management companies like Evaluation Solutions and ES Appraisal, the State of Washington recently enacted a new law raising the state’s AMC bond requirement from $25,000 to $100,000.  As of July 28, 2013, all AMCs registered in Washington will be required to carry a bond in the new amount. One of the purposes of the bond is to provide security for payments owed to appraisers by AMCs. If an AMC fails to pay an appraiser in accordance with Washington’s requirements, the appraiser then may have a claim against the AMC’s bond....

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]]> https://appraisersblogs.com/appraisal/washington-state-raises-amc-bond-requirement-to-100000/feed/ 1 4736 A Refreshed Warning about Some Risky E&O Sold to Appraisers https://appraisersblogs.com/appraisal/a-refreshed-warning-about-some-risky-eo-sold-to-appraisers/ https://appraisersblogs.com/appraisal/a-refreshed-warning-about-some-risky-eo-sold-to-appraisers/#respond Mon, 05 Mar 2012 12:00:51 +0000 https://appraisersblogs.com/?p=2434 We first warned appraisers about this problem almost a year ago, but many appraisers are still falling prey to the marketing for some “no frills” E&O insurance policies and their lack of coverage. Advertisements for this product appear in some respectable newsletters and publications. Fortunately, others have taken steps to protect their members and readers by providing information, e.g., the Appraisers Coalition of Washington published a warning for its members in April last year on the ACOW website and Ann O’Rourke also published a warning last year in her popular Appraisal Today newsletter. The central problem is what might be...

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]]> https://appraisersblogs.com/appraisal/a-refreshed-warning-about-some-risky-eo-sold-to-appraisers/feed/ 0 2434 AMC’s Filing Complaints Against Appraisers https://appraisersblogs.com/appraisal/amcs-filing-complaints-against-appraisers/ https://appraisersblogs.com/appraisal/amcs-filing-complaints-against-appraisers/#comments Sat, 11 Feb 2012 12:00:13 +0000 https://appraisersblogs.com/?p=2268 AMC’s are sending in complaints on appraisers… From ICAP – Illinois Coalition of Appraisal Professionals “Good afternoon ICAP’ers, I am writing to our residential members regarding a growing problem that ICAP is concerned with regarding lenders and AMC’s filing complaints against appraisers. THE SETUP: You receive a call from a lender or an AMC who wants to talk to you about an appraisal assignment you recently completed for them. The call usually comes from the QC Department at the post closing stage of the loan. They start questioning you on your line item adjustments. All the comparables are on smaller...

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