confidentiality - Appraisers Blogs

Cindy Chance Terminated

Dave Towne — Mon, 16 Sep 2024 12:30:01 +0000

On September 13, 2024, the Appraisal Institute President, Sandra Adomatis, SRA, announced that Cindy Chance is no longer the CEO of the Appraisal Institute. “We are writing to inform you that as of today, September 13, Cindy Chance is no longer in her role as CEO of the Appraisal Institute.” In an interview published by HousingWire, Cindy Chance disclosed that the Board of Directors had terminated her. Rumors that this was pending have been circulating around AppraiserVille for several weeks. I’ve been reading comments on various forums asking “will we be told the real reason for this?” My answer: Nope....

The Great Debate on Appraisal Fees She included several different fee split examples indicating AMCs retained as much as 70 percent of the total appraisal fee…
The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…
Security Bars Removal Law Debunks Alleged Racial… Complainant stated appraiser told them they should remove security bars from windows. Complainant stated this is evidence of "racist discrimination"...…

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Can an AMC Tell Appraisers How to Dress?

Dustin Harris — Wed, 09 Dec 2020 13:30:04 +0000

I recently saw a Facebook post where an appraiser was quite upset and offended that an AMC asked him to dress professionally for an appraisal walkthrough. Now, this was a request that was made up front as one of the conditions for accepting the order. Reading the post, it sounded like this appraiser was upset for two reasons. One, he was offended that the AMC was implying that he does not take his job seriously enough or dress professionally enough. Two, he felt like the AMC did not have a right to tell him how to do his job (i.e....

It’s Time to Take Out the Junk: AMC Practices Exposed Appraisers have spent years carrying the weight of broken AMC practices, and this article pulls every one of those practices…
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…
The New & Improved Fannie Mae “FRAUDULATOR 2.0” Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie…

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UAD and Forms Redesign

Ann O'Rourke — Wed, 06 May 2020 12:30:26 +0000

Last year the hot topic was Appraisal Modernization – mostly bifurcate appraisals and UAD changes. In late 2019, FHFA decided to not do much more on bifurcated. However, the GSEs have been working on UAD fields. There is an active work group of appraisers advising the GSEs on UAD changes. There has been a sample of what is being worked on floating about the internet. Per Danny Wiley, Senior Director of Single Family Valuation at Freddie Mac since 10-19, in a Facebook post, this a very preliminary UAD list and is not to be relied on as representing what will...

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…
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…
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…

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Is SmartExchange Not USPAP-Compliant?

Guest Author — Wed, 30 Jan 2019 13:30:58 +0000

Is Smartexchange Resulting in USPAP Non-Compliance? This blog is likely going to stir up controversy. It is likely going to have a few folks calling me a loyalist to a la mode, or other similar things. Am I a loyalist? I do not see myself as such, but a la mode has been the only software that I have used in my career for residential form reporting. I do use ACI in the corporate setting as a reviewer and manager in my firm. I like and consider many of the staff at a la mode to be my friends, and I have had long relationships...

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…
The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…
Fannie Mae Filed a Complaint Against Me An appraiser shared the following with us which was posted on one of the appraisers’ groups. Fannie Mae filed a…

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USPAP & Questions on Confidentiality

Dustin Harris — Fri, 18 Jan 2019 13:30:11 +0000

How can using such a contractor not be a violation? In the context of a real estate appraisal, especially a residential real estate appraisal for a lender thru an AMC, what is confidential? First, look at USPAP’s definition of confidential information (lines 105 – 108 in the 2018-2019 edition). It says “confidential information [is] information that is either…identified by the client as confidential when providing it to an appraiser and that is not available from any other source; or…classified as confidential or private by applicable law or regulation” (ibid; emphasis added). Notice confidentiality flows to the client, not to any...

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…
It’s Time to Take Out the Junk: AMC Practices Exposed Appraisers have spent years carrying the weight of broken AMC practices, and this article pulls every one of those practices…
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…

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The Possibly Just Became Reality!

Guest Author — Wed, 24 Oct 2018 12:30:46 +0000

Using SmartExchange? You May Have Violated State Law & USPAP I will not drag this out. I will simply be direct and to the point. IF YOU OPTED IN TO ALAMODE’S SMART EXCHANGE, YOU MAY HAVE JUST VIOLATED STATE LAW AND USPAP ON EVERY APPRAISAL YOU HAVE EVER COMPLETED. Let me repeat that so it sinks in a bit… If you opted in to alamode’s Smart Exchange, you may have violated State Law and USPAP on every appraisal you have ever completed. Now that it has sunk in, let me explain. Each state statute may define an appraisal differently. Some...

Is that not Significant Assistance? Is the property inspection by an unlicensed person considered assistance? We came across an article written by fellow appraiser, George…
Is Smart Exchange Really a Smart Idea? Alamode recently launched Smart Exchange to its users. The idea is appraisers can see what others have stated as property…
Theft of Appraisers' Data ...they charge appraisers an upload fee for the privilege of having their data stolen... I would never allow my data…

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What is Real Estate Valuation Partners Hiding?

VaCAP Board — Thu, 04 Jan 2018 13:30:55 +0000

In the case of the FTC vs Louisiana Real Estate Board, Real Estate Valuation Partners (REVP) was issued a subpoena by Louisiana to provide some documents. They have filed a motion to quash the subpoena and not provide documents. When you read through the 11 page document, and we highly recommend you do, it appears REVP is hiding crucial documents that may be incriminating to themselves and other appraisal management companies. There are 12 specific items being requested. Take a look for yourself here. It is very telling! b. Requests No. 4, 5, 6, and 11 ask for REVP’s internal...

Restraint of Trade Investigation I am heartened that the Federal Trade Commission has recognized the need to assure that appraisal “…consumers deserve to benefit…
Look in the Mirror The phrase “take a look in the mirror” is a common idiom used to encourage self-reflection and introspection. It is…
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…

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What Goes On Behind The Scenes…

AppraisersBlogs — Mon, 18 Dec 2017 13:30:52 +0000

This year it appears many AMCs have turned to blast requests of fee and turn time. We get them constantly and simply delete them. Last week we received a blast email from an AMC that sends out blast requests for bids. We have never worked with Appraisal Nation before and don’t know how we ended up on their panel. In their rush shopping for the cheapest and fastest appraisers, they forgot to BCC the appraisers they blasted. It appears that this AMC is not only incapable of maintaining quality control and assuring competency for specific assignments but by disclosing appraisers’...

AMCs Bidding Game An appraiser's response to AMCs bidding system. Recently, we came across an interesting story and thought it's something fruitful that…
Let the Bids Begin! Bid assignments are more often than not awarded to lowest bidders... For the past couple of days, we have been…
Appraiser's Response to Metro-West Metro-West Appraisal, thank you for your bulk email solicitation... I will consider accepting work from you on the following basis:…

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Appraiser Versus Machine?

VaCAP Board — Mon, 19 Dec 2016 13:30:21 +0000

Loan officer, the bank, homeowner… want a higher value… Automated Valuation Models: Are they any good? Appraiser vs Machine? AVMs were run on a few properties that were recently appraised. The results are well, ….. they are what they are. The questions are: Are they good? Are they good enough? Will the consumer accept them? Will the banks and lenders accept them? Below are the samples. We have to be careful as we are appraisers and don’t want to be sitting in front of the VREAB explaining why we shared assignment results in violation of the confidentiality requirements of the...

Hybrid Appraisals - Why They Are Impacting Appraisal… How hybrid appraisals may impact your future Appraisers, A day or so ago, I found out about the rebranding of…
AVMs Can NEVER Replace Appraisals AVMs Can NEVER Replace Appraisals & why FNMAs vaunted CU AVM is flawed! Yesterday (March 15, 2016), an appraiser called…
Freddie Mac Criminal Aspects of Its Appraisal Free Mortgages Freddie Mac is opening itself up to over 150,000± potential individual lawsuits... This is a response from Mike Ford to…

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Why Not the Appraiser? Guess Who’s Watching!

VaCAP Board — Wed, 31 Aug 2016 12:30:46 +0000

No Time to Spare & Social Media Spies! Business has been crazy! We are hearing from appraisers how swamped they are; 2-3 week backlogs, working late and report writing at 4:30 AM. We are also hearing how tired and stressed they are. AMC and lender demands, updates, scope creep, and revision requests, are all taking a toll. An appraiser posted on Facebook she “broke down in tears” last Friday because she did not know how it was all going to get done. Life is too short to allow this… Take control of your time and your schedule. Spend some time...

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…
Fannie Mae Filed a Complaint Against Me An appraiser shared the following with us which was posted on one of the appraisers’ groups. Fannie Mae filed a…
The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…

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Think It Through Before You Post!

VaCAP Board — Mon, 11 Jul 2016 12:30:49 +0000

Appraisers are Professionals, Social media is a fact of life. There are many appraisal industry social media outlets for appraisers to connect. These forums provide a great resource for appraisers to seek advice from other appraisers, voice their opinions on industry related issues, and sometimes just to vent a bit after a rough day. This is where we need to be careful….. We have all read comments on social media outlets that you just have to stop and think to yourself, “I can’t believe someone actually posted this”. Confidentiality is a requirement of the Uniform Standards of Professional Appraisal Practice....

Sharing Report with Fellow Appraisers a USPAP Violation? Is Sharing a Report with a Fellow Appraiser a Violation of USPAP Confidentiality?...Appraisers routinely share confidential information & communicate assignment…
The New & Improved Fannie Mae “FRAUDULATOR 2.0” Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie…
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…

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Observations of a Review Appraiser

Brian L. Trotrier — Thu, 21 Apr 2016 12:30:28 +0000

Adjustments appeared to come from some List or Automated… Recently I had the opportunity to work on a Class Action case. The case settled, and there are confidentiality agreements for both sides, so I cannot reveal any details. I will summarize the allegations and findings, as well as the scope of work performed. I should say also that before being hired, I was interviewed, and vetted. Every reference provided, was contacted, as well as a records check and background check. What they were looking for was a combination of a clean reputation for being unbiased, as well as depth of...

Adjustments - Your Opinion Doesn’t Count Regulations state that appraisal adjustments cannot be based upon an appraiser’s opinion. According to federal and state law, adjustments must…
Collateral Underwriter, What’s Under the Hood? Collateral Underwriter - Garbage In, Garbage Out (GIGO) FNMA has a fascination for first patenting garbage, & then implementing it…
If I Cannot Support a Small Adjustment, I Just do… I am more circumspect about the adjustments I make. The most feared date in the appraisal industry has come. January…

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Sharing Report with Fellow Appraisers a USPAP Violation?

Guest Author — Thu, 01 May 2014 12:30:39 +0000

Is Sharing a Report with a Fellow Appraiser a Violation of USPAP Confidentiality?…Appraisers routinely share confidential information & communicate assignment results with other appraisers… Appraisers frequently are faced with chances to make mistakes related to confidentiality. The Confidentiality Section of the ETHICS RULE of Uniform Standards of Professional Appraisal Practice (USPAP), as published by the Appraisal Standards Board (ASB) of the Appraisal Foundation and enforced by the North Carolina Appraisal Board, provides the rules for appraisers in North Carolina. Appraisers often are reminded about and advised how to avoid the pitfalls of communicating with property owners, real estate brokers, lenders...

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…
From Data to Value: How Mass Appraisal Delivers Fair… Behind every annual notice of assessments is a complex valuation system most property owners never realize exists. The Appraisal Foundation…
It’s Time to Take Out the Junk: AMC Practices Exposed Appraisers have spent years carrying the weight of broken AMC practices, and this article pulls every one of those practices…

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Appraiser Confidentiality: USPAP Absurdity

Peter Christensen — Wed, 07 Aug 2013 12:30:37 +0000

Appraiser Confidentiality: Loose Lips, Big Claims, USPAP Absurdity, and Subpoenas Allegedly “Loose Lips” Cause a Big Claim. A recent and relatively big appraiser liability claim involved a commercial appraiser’s alleged breach of confidentiality. The damages paid to the plaintiff were significant. According to the plaintiff’s complaint (my recounting of the facts here is simplified), a lender had engaged the appraiser to perform an appraisal for a construction loan to the developer of a shopping center. Some of the information received by the appraiser included lease commitments from prospective tenants. The anchor tenant was a well-known retailer. The appraiser completed the assignment, but...

Tenant in Distress... What Would You Do? These situations apparently caused a severe depression to engulf the tenant. Appraisers, last week I received a call from an…
The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…
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…

The post Appraiser Confidentiality: USPAP Absurdity appeared on Appraisers Blogs.

One Small Step for an Appraiser; One Giant Step for the Profession of Real Estate Appraising

Guest Author — Wed, 29 Aug 2012 12:30:59 +0000

On August 10, the Arizona Board of Appraisal dismissed the USPAP violation complaint filed by Chase Bank against John Dingeman on initial file review. Why is this newsworthy? Because it represents a major victory for appraisers everywhere. Dingeman, has been fighting strong arm tactics employed by Chase Bank in an attempt to force him to violate Client confidentiality by discussing details about an appraisal on a no-defunct loan that Chase acquired. Dingman took his fight right to the street starting a petition on Change.org and other outlets to share his story with fellow appraisers. We are happy to also report...

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…
The New & Improved Fannie Mae “FRAUDULATOR 2.0” Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie…
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…

The post One Small Step for an Appraiser; One Giant Step for the Profession of Real Estate Appraising appeared on Appraisers Blogs.

confidentiality - Appraisers Blogs

Cindy Chance Terminated

Related Posts:

Can an AMC Tell Appraisers How to Dress?

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UAD and Forms Redesign

Related Posts:

Is SmartExchange Not USPAP-Compliant?

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USPAP & Questions on Confidentiality

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The Possibly Just Became Reality!

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What is Real Estate Valuation Partners Hiding?

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What Goes On Behind The Scenes…

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Appraiser Versus Machine?

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Why Not the Appraiser? Guess Who’s Watching!

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Think It Through Before You Post!

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Observations of a Review Appraiser

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Sharing Report with Fellow Appraisers a USPAP Violation?

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Appraiser Confidentiality: USPAP Absurdity

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One Small Step for an Appraiser; One Giant Step for the Profession of Real Estate Appraising

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