Errors & Omissions - Appraisers Blogs https://appraisersblogs.com/tag/errors-omissions-2/ Appraisal News and Tips for Real Estate Appraisers Thu, 22 Oct 2026 05:27:30 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 Errors & Omissions - Appraisers Blogs https://appraisersblogs.com/tag/errors-omissions-2/ 32 32 52046035 Surviving UAD 3.6: Secondary Market Risk Protocols https://appraisersblogs.com/surviving-uad-3-6-secondary-market-risk-protocols/ https://appraisersblogs.com/surviving-uad-3-6-secondary-market-risk-protocols/#comments Mon, 19 Oct 2026 12:30:31 +0000 https://appraisersblogs.com/?p=35244 If economic necessity forces you to accept UAD 3.6 assignments, you cannot afford to sign blindly while exposed to massive secondary market liability risks. The reality on the ground for independent real estate appraisers is unforgiving. While the industry debates the long term dangers of data harvesting, many independent business owners face an immediate, binary choice: sign the new UAD 3.6 reports and accept Certification 25, or stop feeding your family. Not every appraiser has a robust book of private estate, divorce, and non lending work. Transitioning away from AMCs takes time, marketing skills, and capital that many simply do...

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]]> https://appraisersblogs.com/surviving-uad-3-6-secondary-market-risk-protocols/feed/ 38 35244 UAD 3.6 and the Danger of Corporate Pragmatism https://appraisersblogs.com/uad-3-6-and-the-danger-of-corporate-pragmatism/ https://appraisersblogs.com/uad-3-6-and-the-danger-of-corporate-pragmatism/#comments Wed, 14 Oct 2026 12:30:30 +0000 https://appraisersblogs.com/?p=35186 The rollout of the new UAD 3.6 framework has triggered a major wave of compliance literature, and a perfect example is a recent article by Woody Fincham at Valuation Nation, titled “Certification 25: What’s the Real Risk to the Appraiser?”. In his piece, Woody sets aside the rhetoric and lists my AppraisersBlogs article regarding our legal defenses under this dataset as a citation reference at the end of his post. While he acknowledges the existence of this perspective, his broader argument claims that the legal risks of signing Certification 25 are low, the threat of regulatory discipline is minimal, and...

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]]> https://appraisersblogs.com/uad-3-6-and-the-danger-of-corporate-pragmatism/feed/ 61 35186 Inspectors Blocked the Door, Appraisers Handed Over the Keys https://appraisersblogs.com/inspectors-blocked-the-door-appraisers-handed-over-the-keys/ https://appraisersblogs.com/inspectors-blocked-the-door-appraisers-handed-over-the-keys/#comments Mon, 12 Oct 2026 12:30:11 +0000 https://appraisersblogs.com/?p=35156 A fellow appraiser dropped a direct message in my inbox with a link to home inspector Preston Kincaid’s Facebook video, and watching him warn the public sent a chill through me because his words mirrored the exact warnings I have been shouting about our own appraisal profession. To understand the shock, you first need to know what Spectora is and how home inspectors work. Spectora is the dominant cloud software platform used by roughly 7,000 independent home inspectors across the country to draft, format, and deliver digital property inspection reports. By law and standard contract, home inspectors operate under strict...

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]]> https://appraisersblogs.com/inspectors-blocked-the-door-appraisers-handed-over-the-keys/feed/ 39 35156 UAD 3.6 Erases My Legal Defenses: Insurance Industry Agrees https://appraisersblogs.com/uad-3-6-erases-my-legal-defenses-insurance-industry-agrees/ https://appraisersblogs.com/uad-3-6-erases-my-legal-defenses-insurance-industry-agrees/#comments Thu, 08 Oct 2026 12:30:15 +0000 https://appraisersblogs.com/?p=35134 The insurance industry just verified the erasure of my legal defenses under UAD 3.6. The corporate apologists and tech insiders have spent weeks trying to downplay the Certification 25 confidentiality crisis. They’ve lined up to tell independent appraisers that the new language is just a passive weather report, a routine disclosure, or an innocent acknowledgement of a reality that has existed for many years. But the ultimate reality check just arrived from the very people who calculate risk for a living, and it completely blows the corporate defense strategy out of the water. Isaac Peck, Publisher of Working RE Magazine...

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]]> https://appraisersblogs.com/uad-3-6-erases-my-legal-defenses-insurance-industry-agrees/feed/ 38 35134 Shane Lanham Countersuing Black Homeowners for Defamation https://appraisersblogs.com/shane-lanham-countersuing-black-homeowners-for-defamation/ https://appraisersblogs.com/shane-lanham-countersuing-black-homeowners-for-defamation/#comments Thu, 08 Feb 2024 13:30:29 +0000 https://appraisersblogs.com/?p=30330 Shane Lanham, a Maryland appraiser, has found himself in a difficult situation as he is being sued in The United States District Court of Maryland. However, he is not backing down and fully intends to fight these allegations through trial. In addition, he is countersuing the accusers for defamation and seeking $500,000 in damages. Lanham firmly believes that the accusations of racism against him are baseless and he has engaged a consultant with significant experience in handling such cases. To ensure he has the best chance of success, Mr. Lanham has engaged a consultant with extensive experience in similar cases....

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]]> https://appraisersblogs.com/shane-lanham-countersuing-black-homeowners-for-defamation/feed/ 31 30330 The New & Improved Fannie Mae “FRAUDULATOR 2.0” https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud#comments Mon, 15 May 2023 12:30:53 +0000 https://appraisersblogs.com/?p=29449 Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie Mae is increasingly being referred to by some, if not many American Appraisers as The Fraudulator / Underwriter 2.0 (FU-2). To be clear it is not limited to the Collateral Underwriter (CU & CU-2) software. The new Fraudulator (FU-2) combines the CU products with their numerous improper uses. The end result of which includes OUTRIGHT FRAUD being perpetrated against banks via the repurchase letters Fannie Mae now issues on a quota based system rather than because of legitimate appraisal defects....

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]]> https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud/feed/ 42 29449 Lender Liability for a Negligent Appraisal? https://appraisersblogs.com/lender-liability-for-a-negligent-appraisal-n-buyer-borrower-remorse-cases https://appraisersblogs.com/lender-liability-for-a-negligent-appraisal-n-buyer-borrower-remorse-cases#comments Wed, 26 Oct 2022 12:30:36 +0000 https://appraisersblogs.com/?p=28004 Does a mortgage lender have liability to the borrower for a negligent appraisal?  As residential property prices plateau or decline in various markets and as borrowers have financial problems with fewer financing options, there are more legal claims being filed by borrowers against appraisers and lenders in relation to appraisals for loans made in recent years. Essentially, the cases are situations of “buyer-borrower remorse.” Leaving aside the appraiser’s potential liability, does a mortgage lender have liability to the borrower for a negligent appraisal? An Ohio appellate court recently said “no.” It ruled that the lender did not owe the borrower...

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]]> https://appraisersblogs.com/lender-liability-for-a-negligent-appraisal-n-buyer-borrower-remorse-cases/feed/ 12 28004 Protect Yourself Against Racial Bias Claims https://appraisersblogs.com/protect-yourself-against-discrimination-ins-n-out-of-racial-bias-webinar-n-forum https://appraisersblogs.com/protect-yourself-against-discrimination-ins-n-out-of-racial-bias-webinar-n-forum#comments Thu, 23 Jun 2022 12:00:47 +0000 https://appraisersblogs.com/?p=27270 Free webinar on how to protect yourself against discrimination claims on 6/30/22, and today there will be a forum on “Racial Bias in the Home Appraisal Process”… OREP is sponsoring a free webinar on how to protect yourself and your business against discrimination claims. Leading trial attorney Craig Capilla has handled nearly 1,000 appraiser cases in his career and has been on the frontlines defending appraisers from lawsuits, state board complaints, and now, HUD Fair Housing (Discrimination) complaints. Capilla began his legal career working for Illinois’ professional regulation agency as a real estate prosecutor and since then has become one...

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]]> https://appraisersblogs.com/protect-yourself-against-discrimination-ins-n-out-of-racial-bias-webinar-n-forum/feed/ 5 27270 States Want Appraisers to Play Ball https://appraisersblogs.com/states-want-appraisers-2-play-ball-grievance-filed-against-appraiser https://appraisersblogs.com/states-want-appraisers-2-play-ball-grievance-filed-against-appraiser#comments Fri, 10 Dec 2021 13:30:47 +0000 https://appraisersblogs.com/?p=26101 “[The builder] filed a grievance against me… and threatened to file a grievance every time I or others appraised below purchase price.” California and Nebraska couldn’t be more different, but both clearly want their states to be more like the fictional town of Lake Wobegon – a place where all the men are good-looking, all the children are above average and all properties appraise at or above their sale price. Parts of California Assembly Bill 948, which was signed into law in September, read like something from the satirical news site The Onion. The statute requires the state’s appraiser enforcement...

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  • Phony Complaint Against Appraiser ...a laundry list of 'pile on' purported USPAP "violations" were fabricated deriving for the above oversights ‘confirmed’ by the out…
  • Frivolous Complaints Against Appraisers TALCB noted that roughly 70% of all complaints against appraisers are unfounded... The American Guild of Appraiser recently wrote to…
  • Phony Low-Value Complaints ALL unintended users are specifically excluded from any right of reliance on this appraisal report... Recently, Mr. Steve Kahane, Board…

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]]> https://appraisersblogs.com/states-want-appraisers-2-play-ball-grievance-filed-against-appraiser/feed/ 10 26101 Listening to Appraisers https://appraisersblogs.com/wre-surveyed-appraisers-say-no-2-bifurcated-model https://appraisersblogs.com/wre-surveyed-appraisers-say-no-2-bifurcated-model#comments Fri, 31 Jan 2020 13:30:07 +0000 https://appraisersblogs.com/?p=23464 …appraisers believe that the bifurcated model and the use of unlicensed, untrained and unaccountable contractors for key elements of collateral assessment will adversely affect the health and welfare of the housing finance system, increase their own liability and damage the public trust… It is the goal of the Federal Financing Housing Agency (FHFA) to ensure the health and welfare of the housing finance system. FHFA oversees Fannie Mae and Freddie Mac and has, for the time being, paused the testing and development of bifurcated appraisals that bypass the participation of licensed appraisers (FHFA Puts Brakes on Fannie’s Bifurcated Program). I...

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]]> https://appraisersblogs.com/wre-surveyed-appraisers-say-no-2-bifurcated-model/feed/ 18 23464 California AB 5 – Legal For Appraisers https://appraisersblogs.com/california-AB-5-legal-4-appraisers https://appraisersblogs.com/california-AB-5-legal-4-appraisers#comments Wed, 15 Jan 2020 13:30:44 +0000 https://appraisersblogs.com/?p=23382 More than 375 California appraisers registered for the AB 5 webinar – I hope you didn’t miss it. I’ll be hosting my next free webinar for appraisers on January 31, 2020 – it’s the “California Legal Update just for Appraisers!” In this free video webinar, I’ll cover: New 2020 laws relevant to California appraisers and appraisal firms (other than AB 5), including the California Consumer Privacy Act, and The very most important thing that appraisers can do in 2020 in every appraisal report of every type (whether residential, commercial, lending or non-lending) to avoid liability. The webinar will last approximately 45...

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]]> https://appraisersblogs.com/california-AB-5-legal-4-appraisers/feed/ 1 23382 Fee Transparency, Pivotal Point for Appraisers https://appraisersblogs.com/appraisal-fee-transparency-act-2019-pivotal-point-4-appraisers https://appraisersblogs.com/appraisal-fee-transparency-act-2019-pivotal-point-4-appraisers#comments Wed, 23 Oct 2019 12:30:10 +0000 https://appraisersblogs.com/?p=22985 …appraisers may finally have a chance at making the goal of fee transparency a reality… Keep your eyes open, events are happening fast. Ever since the passage of the Home Valuation Code of Conduct (HVCC) in 2010 and the monumental rise of Appraisal Management Companies (AMCs), one of the main issues appraisers have pressed for is transparency for consumers in terms of the fee split between appraisers and AMCs. Specifically, how much of the actual “Appraisal Fee” being paid by the consumer goes to the licensed real estate professional and how much is withheld by the AMC “manager.” Now, over...

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]]> https://appraisersblogs.com/appraisal-fee-transparency-act-2019-pivotal-point-4-appraisers/feed/ 21 22985 ACI Software Users https://appraisersblogs.com/aci-software-users-hold-harmless-agreement https://appraisersblogs.com/aci-software-users-hold-harmless-agreement#comments Tue, 20 Aug 2019 12:30:53 +0000 https://appraisersblogs.com/?p=22571 I just received a message from another appraiser that I believe uses ACI software. He received a request from ACI to sign a “Digital Signature Application” along with a few other forms. This appears to me to be in connection with a new form of an appraisal product which they have developed. The first paragraph of this “Digital Signature Application” read as follows 1.1 Signature Using BLACK INK, sign within the box below. Signature must remain within the confines of the box (see sample). All signature cards are destroyed after they are scanned, tested, and delivered. Passwords are not kept...

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]]> https://appraisersblogs.com/aci-software-users-hold-harmless-agreement/feed/ 22 22571 Phony Complaint Against Appraiser https://appraisersblogs.com/phony-non-client-complaint-n-review-appraiser-flawed-review https://appraisersblogs.com/phony-non-client-complaint-n-review-appraiser-flawed-review#comments Mon, 08 Jul 2019 12:30:22 +0000 https://appraisersblogs.com/?p=22282 …a laundry list of ‘pile on’ purported USPAP “violations” were fabricated deriving for the above oversights ‘confirmed’ by the out of area review appraiser… In fighting or appealing a false complaint filed against you as an appraiser, truth, factual evidence and professional competency is no longer enough! More important than all these things, is conformity to the detailed technical rules of a state’s administrative law procedures. In short, in many if not most cases, appraisers MUST HIRE AN ATTORNEY to represent them before any administrative board. Anything less, is playing with fire and your professional career. Worse, E&O won’t cover...

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  • Frivolous Complaints Against Appraisers TALCB noted that roughly 70% of all complaints against appraisers are unfounded... The American Guild of Appraiser recently wrote to…
  • Phony Low-Value Complaints ALL unintended users are specifically excluded from any right of reliance on this appraisal report... Recently, Mr. Steve Kahane, Board…

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]]> https://appraisersblogs.com/phony-non-client-complaint-n-review-appraiser-flawed-review/feed/ 14 22282 Hybrid Inspectors Offering Appraisal Opinions https://appraisersblogs.com/clear-capital-hybrid-inspectors-offering-appraisal-opinions https://appraisersblogs.com/clear-capital-hybrid-inspectors-offering-appraisal-opinions#comments Mon, 17 Jun 2019 12:30:03 +0000 https://appraisersblogs.com/?p=22150 Clear Capital admission: This is an admission that inspector were previously offering appraisal opinions re Q&C. There remain many other areas in hybrids that also are appraisal opinion being provided by non appraisers. I have written many blog posts here, mainly for the consumer to read and understand what is actually happening in the world of Real Estate Valuations. My blogs range from being overcharged for appraisals so the middle man (the appraisal management company or AMC) can make money, lenders still pressuring appraisers to hit a value, and now having untrained and unlicensed people perform inspections (see my last...

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  • 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…
  • 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.…

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]]> https://appraisersblogs.com/clear-capital-hybrid-inspectors-offering-appraisal-opinions/feed/ 34 22150 Frivolous & Retaliatory 3rd Party Lawsuits https://appraisersblogs.com/AGA-supports-bill-protecting-appraisers-against-frivolous-lawsuits https://appraisersblogs.com/AGA-supports-bill-protecting-appraisers-against-frivolous-lawsuits#comments Tue, 14 May 2019 12:30:47 +0000 https://appraisersblogs.com/?p=21914 Appraisers are routinely coerced & intimidated by third parties to violate their independence and integrity… Honorable Committee Members: We are writing to add our voice to that of the Massachusetts Board of Real Estate Appraisers (MBREA is a State Coalition of professional real estate appraisers) in support of each of the above bills. The American Guild of Appraisers is a Guild within the Office Professional Employees International Union (OPEIU) of the AFL-CIO, representing the appraisal and real estate related financial consumer / taxpayer interests of over twelve and a half million AFL-CIO Family Union & Guild Members; their families, retirees...

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]]> https://appraisersblogs.com/AGA-supports-bill-protecting-appraisers-against-frivolous-lawsuits/feed/ 6 21914 Cyber Attacks on Corelogic https://appraisersblogs.com/cyber-attacks-hacked-corelogic https://appraisersblogs.com/cyber-attacks-hacked-corelogic#comments Mon, 04 Mar 2019 13:30:16 +0000 https://appraisersblogs.com/?p=21107 Recent Cyber Attacks on CoreLogic and a Large Appraisal Firm Expose a Real Business Risk to Valuation Firms and Companies. As two recent attacks show, cyber crimes pose a real risk – legally and economically – to appraisal firms, management companies and other businesses involved in property analytics. If an operation like CoreLogic can be victimized by criminal hackers seeking property information, as it was in an attack earlier this month, any valuation firm or property analytics company is at risk. And, more seriously, the losses suffered by an appraisal firm in the separate cyber attack discussed below demonstrate how...

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  • 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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]]> https://appraisersblogs.com/cyber-attacks-hacked-corelogic/feed/ 17 21107 AMC Asking Appraisers to Violate State Law https://appraisersblogs.com/amc-inducing-appraisers-2-violate-state-law https://appraisersblogs.com/amc-inducing-appraisers-2-violate-state-law#comments Thu, 24 Jan 2019 13:30:54 +0000 https://appraisersblogs.com/?p=20735 …inducing another to violate… Appraisers Beware! VaCAP has been informed an email has been sent to Virginia Appraisers from Xome Vender Manager, Adam Burg. The email, addressed to “undisclosed recipients,” starts with “Dear Virginia Appraisers.” The body of the email announces that SunTrust Bank has begun ordering a bifurcated valuation product with an interior inspection. The appraiser is to use information from a third party property inspection for subject property data. VaCAP cautions appraisers on this product. Virginia Statutes and Regulations are very clear the appraiser who signs the appraisal report must have complete direction and control over the appraisal. The Virginia Real Estate Appraisal...

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]]> https://appraisersblogs.com/amc-inducing-appraisers-2-violate-state-law/feed/ 40 20735 Class Action Against AMCs on the Horizon https://appraisersblogs.com/amcs-property-inspectors-denied-minimum-wage https://appraisersblogs.com/amcs-property-inspectors-denied-minimum-wage#comments Thu, 04 Oct 2018 12:30:10 +0000 https://appraisersblogs.com/?p=19374 Property inspectors suing ServiceLink to obtain minimum wage… Peter Christensen wrote another article on LinkedIn about wages being paid by lenders and AMCs. This one should get your attention as it is from Independent Contractors suing an AMC. This will set a precedent and start a chain reaction. In a nut shell, property inspectors are suing ServiceLink for work performed to obtain minimum wage. Yes, you read that correctly, minimum wage. According to the article, property inspectors receive between $3 and $5 for each assignment. The article does not specify the specific service the property inspectors perform, but think bifurcated or...

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]]> https://appraisersblogs.com/amcs-property-inspectors-denied-minimum-wage/feed/ 11 19374 Is Smart Exchange Really a Smart Idea? https://appraisersblogs.com/smart-exchange-pros-cons-4-appraisers https://appraisersblogs.com/smart-exchange-pros-cons-4-appraisers#comments Wed, 03 Oct 2018 12:30:30 +0000 https://appraisersblogs.com/?p=19331 Alamode recently launched Smart Exchange to its users. The idea is appraisers can see what others have stated as property characteristics and transfer that information directly into your report. The system is based on mutual sharing, so if you participate, you will share all your comparable data with everyone else that is using Smart Exchange and you can see their data. The last update from alamode installed the programming and changed the way the side by side screen looks. Now I must make a disclaimer here, I am in the over 50 category and my kids are all grown. It...

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]]> https://appraisersblogs.com/smart-exchange-pros-cons-4-appraisers/feed/ 65 19331