The Foundation - Appraisers Blogs https://appraisersblogs.com/tag/the-foundation/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 03:45:47 +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 The Foundation - Appraisers Blogs https://appraisersblogs.com/tag/the-foundation/ 32 32 52046035 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 Recap of the 4th ASC Appraisal Bias Hearing https://appraisersblogs.com/recap-of-the-4th-asc-appraisal-bias-hearing/ https://appraisersblogs.com/recap-of-the-4th-asc-appraisal-bias-hearing/#comments Wed, 28 Feb 2024 13:30:47 +0000 https://appraisersblogs.com/?p=30405 On February 13th, 2024, the fourth ASC appraisal bias hearing took place. For those who were unable to attend, the video of the hearing has been included below. The hearing was a crucial event for the appraisal industry, and it is important for all appraisers to be aware of the discussions and topics addressed. The panel of witnesses included: David Bunton, President, The Appraisal Foundation E.C. Neelly IV, Executive Director, Mississippi Real Estate Appraisal Board Maureen Sweeney, Principal, Maureen Sweeney, Real Estate Appraiser Ltd. Melissa Tran, Director, Texas Appraiser Licensing and Certification Board Jillian White, Chief Executive Officer, Appraisal Insights...

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]]> https://appraisersblogs.com/recap-of-the-4th-asc-appraisal-bias-hearing/feed/ 11 30405 HUD’s Private Inquisitors Will Chill Protected Speech of Appraisers https://appraisersblogs.com/hud-hands-54-million-dollars-2-nonprofits-in-quest-2-cow-appraisers https://appraisersblogs.com/hud-hands-54-million-dollars-2-nonprofits-in-quest-2-cow-appraisers#comments Mon, 03 Apr 2023 12:30:14 +0000 https://appraisersblogs.com/?p=29191 HUD awarded $54 million to 182 nonprofits to serve as posses in a a Spanish Inquisition-style drive. The deep pockets of the federal government will be used to help the nonprofits chill the protected First Amendment rights of appraisers to develop disinterested opinions of value of the properties they appraise.  In the early 1990s, the Texas Legislature established an unusual nonprofit known as the Boll Weevil Eradication Foundation. The times were dire. A near-biblical plague of weevils had descended on the state’s cotton crop. So, state lawmakers granted the private organization the powers of government to combat the malevolent creatures....

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]]> https://appraisersblogs.com/hud-hands-54-million-dollars-2-nonprofits-in-quest-2-cow-appraisers/feed/ 17 29191 How U.S. Home Valuations Are Being Subverted https://appraisersblogs.com/how-u-s-home-valuations-are-being-subverted https://appraisersblogs.com/how-u-s-home-valuations-are-being-subverted#comments Wed, 22 Mar 2023 12:30:16 +0000 https://appraisersblogs.com/?p=29041 At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations.  Sometimes when the hair on the back of your neck stands up, there’s a reason for it. The nation’s $11 trillion mortgage market has been nationalized. This coup occurred in broad daylight and gradually. With Freddie and Fannie now in their second decade in federal conservatorship, the prospect that they will ever again be subjected to the watchful eye...

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]]> https://appraisersblogs.com/how-u-s-home-valuations-are-being-subverted/feed/ 21 29041 Confusing Language for USPAP Ethics Rule Addition https://appraisersblogs.com/confusing-language-4-uspap-ethics-rule-addition https://appraisersblogs.com/confusing-language-4-uspap-ethics-rule-addition#comments Fri, 17 Feb 2023 13:30:52 +0000 https://appraisersblogs.com/?p=28719 A proposed update of professional guidelines for property appraisals contains confusing language about what constitutes discrimination, and would even suggest appraisers could engage in “ethical” discrimination.  Folks, the following article is in the ABA Banking Journal e-newsletter, posted on Wednesday, February 15, 2023. I’m really glad this has been released. Hopefully the Appraisal Standards Board will closely examine the concerns of the regulators. I read the USPAP 4th Exposure Draft. It contains so much new Ethics Rule “legaleze” language about conduct that it is, and can be, overwhelmingly confusing to a majority of appraisers. It’s written by lawyers in such...

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]]> https://appraisersblogs.com/confusing-language-4-uspap-ethics-rule-addition/feed/ 31 28719 Homeowner Rejects Hybrid Appraisal https://appraisersblogs.com/senior-citizen-homeowner-rejects-hybrid-appraisal https://appraisersblogs.com/senior-citizen-homeowner-rejects-hybrid-appraisal#comments Wed, 10 Jan 2018 13:30:59 +0000 https://appraisersblogs.com/?p=16148 Appraiser Alert: Don’t Mess with a 4’ 10” Senior Citizen! Last week I called a borrower to schedule the appraisal appointment. She asked me some very odd questions; “Are you a licensed appraiser? What is your license number? How can I verify this information?” Well I had never been asked any of these questions in my entire career, but I answered as there really wasn’t anything I was hiding. It was 19 degrees outside when I arrived at the property and this senior citizen, not more than 4 feet 10 inches tall, was sitting on the porch. I proceeded up the porch...

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]]> https://appraisersblogs.com/senior-citizen-homeowner-rejects-hybrid-appraisal/feed/ 27 16148 Appraisal Standards Should Age Like Fine Wine https://appraisersblogs.com/appraisal-standards-should-age-like-fine-wine https://appraisersblogs.com/appraisal-standards-should-age-like-fine-wine#comments Tue, 19 Jan 2016 13:30:49 +0000 https://appraisersblogs.com/?p=9943 Changes in Appraisal Standards? We have barely got into the “New” 2016-2017 copy of USPAP and the ASB is meeting on February 19, 2016 to discuss making changes to the 2018-2019 edition of USPAP. Here is part of what I have written to the ASB. I believe it should be the duty of every appraiser to write to the Foundation and any board that is contemplating making changes. You have that right, and they will read your comments. Letter to ASB: I have been a real estate appraiser since the mid 1980’s and prior to mandatory licensure. I have been...

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