trainee appraiser - Appraisers Blogs https://appraisersblogs.com/tag/trainee-appraiser/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 20:59:15 +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 trainee appraiser - Appraisers Blogs https://appraisersblogs.com/tag/trainee-appraiser/ 32 32 52046035 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 Appraisers Liable for Third Parties Data https://appraisersblogs.com/appraisers-are-ultimately-liable-4-data-collected-by-third-parties https://appraisersblogs.com/appraisers-are-ultimately-liable-4-data-collected-by-third-parties#comments Mon, 25 Apr 2022 12:30:36 +0000 https://appraisersblogs.com/?p=26735 Ultimately the appraiser is responsible and liable for data collected by third parties. There has been a lot of discussion and debate among appraisers around liability issues for data collected by third parties for hybrid and desktop appraisals. On April 22, 2022, the Maryland Commission of Real Estate Appraisers cautioned its appraisers that they are responsible for the data they rely upon. Hello Maryland Appraiser: It has come to the attention of the Maryland Commission of Real Estate Appraisers, Appraisal Management Companies, and Home Inspectors (“Commission”) that there may be confusion over where a supervising appraiser and trainee are supposed...

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]]> https://appraisersblogs.com/appraisers-are-ultimately-liable-4-data-collected-by-third-parties/feed/ 25 26735 Customary and Reasonable Fees? https://appraisersblogs.com/appraisal-firm-owners-fix-low-appraisal-fees https://appraisersblogs.com/appraisal-firm-owners-fix-low-appraisal-fees#comments Tue, 23 Apr 2019 12:30:47 +0000 https://appraisersblogs.com/?p=21360 …appraisal firm owners roll up your sleeves & hold the line on fees… I have been the owner of HF Appraisal Ltd since 1993 and I have sat on the sidelines in regards to Customary and Reasonable appraisal fees. I can no longer stand by and read nor hear about this issue. It is amazing to me that over the past five to ten years our fees have remained the same and in some cases are lower than they were 10 years ago. The more that I read about this and talk to appraisers across the country in classes and...

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]]> https://appraisersblogs.com/appraisal-firm-owners-fix-low-appraisal-fees/feed/ 59 21360 Open Letter to Taxpayers https://appraisersblogs.com/open-letter-2-taxpayers https://appraisersblogs.com/open-letter-2-taxpayers#comments Mon, 26 Nov 2018 13:30:56 +0000 https://appraisersblogs.com/?p=20239 An Open Letter to Taxpayers Dear Ms; Mrs. & Mr. Taxpayer: In a recent article published by Housing Wire; authored by Ben Lane (November 20, 2018) it was reported that our federal “regulators” are at it again. “At what?” One might ask. Facilitation of increased LOAN FRAUD & consumer deception with Taxpayers yet again left holding the bag. Click here for the article Back in 1994 (actually it started in 1989-91 when FIRREA was being drafted) the Fed agreed that the loan threshold for banks when an appraisal of real estate would not be required was $250,000. That was roughly...

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]]> https://appraisersblogs.com/open-letter-2-taxpayers/feed/ 32 20239 Death Grip on Trainees Loosening https://appraisersblogs.com/trainee-appraisers-unsupervised-inspections https://appraisersblogs.com/trainee-appraisers-unsupervised-inspections#comments Wed, 15 Feb 2017 13:30:39 +0000 https://appraisersblogs.com/?p=13210 Allowing associated trainee appraisers to complete unsupervised inspections… Appraisers, and others, A ‘significantly large’ nationwide AMC has notified it’s vendor appraisers that certain lenders contracted with this AMC will now accept appraisal reports signed by properly trained (and presumed properly approved by the State) Trainees as the ‘Appraiser.’ This follows the Jan. 31, 2017 FNMA announcement that they will accept reports signed by Trainees. So far, I have not seen any similar announcement from FrMAC, FHA, VA, or USDA, or any other specific lender. The AMC’s message to their appraiser panel is below. NOTE: This memo says the Trainee is...

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]]> https://appraisersblogs.com/trainee-appraisers-unsupervised-inspections/feed/ 31 13210 “Hiring of Trainees to Remain Slow” Shocking News? https://appraisersblogs.com/appraisal/hiring-of-trainees-to-remain-slow-this-is-shocking-news/ https://appraisersblogs.com/appraisal/hiring-of-trainees-to-remain-slow-this-is-shocking-news/#comments Sun, 25 Aug 2013 12:30:39 +0000 https://appraisersblogs.com/?p=5020 “Hiring of Trainees to Remain Slow” This is ‘Shocking News?’ According to a recent survey conducted by the Appraisal Institute, “trainee hiring will remain relatively weak for the next one- to two-years.” Um, I hate to disagree with the results of what I am sure is a credible survey, but this is just a gross underestimation. One-to two-years? How about FOREVER unless something drastically changes in our industry? Most know me as a fairly optimistic voice in the appraisal world. I am not usually one of those on the sidelines calling “foul” at every supposed indiscretion and ‘unfair’ practice that...

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]]> https://appraisersblogs.com/appraisal/hiring-of-trainees-to-remain-slow-this-is-shocking-news/feed/ 6 5020 Reminder to States regarding changes effective July 1, 2013 https://appraisersblogs.com/appraisal/reminder-to-states-regarding-changes-effective-july-1-2013/ https://appraisersblogs.com/appraisal/reminder-to-states-regarding-changes-effective-july-1-2013/#respond Mon, 29 Apr 2013 12:30:06 +0000 https://appraisersblogs.com/?p=4519 As a reminder to State Appraiser Regulatory Officials, effective July 1, 2013, the Appraisal Subcommittee (ASC) will formally incorporate new requirements into its State Compliance Review process.  As required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of2010 (Dodd-Frank Act) amendments to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (Title XI), and in accordance with Bulletin No. 2011-01 issued by the ASC on March 18, 2011, the ASC will formally incorporate the following requirements into the State Compliance Review process beginning July 1, 2013: Reciprocity:  In order for a State’s appraisers to...

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]]> https://appraisersblogs.com/appraisal/reminder-to-states-regarding-changes-effective-july-1-2013/feed/ 0 4519 Overtime Lawsuits Affecting Appraisal Firms, Lenders and AMCs https://appraisersblogs.com/appraisal/overtime-lawsuits-affecting-appraisal-firms-lenders-and-amcs/ https://appraisersblogs.com/appraisal/overtime-lawsuits-affecting-appraisal-firms-lenders-and-amcs/#comments Mon, 11 Feb 2013 12:30:22 +0000 https://appraisersblogs.com/?p=4056 Are employee appraisers of appraisal firms, AMCs or lenders “exempt” from overtime pay under the FLSA? Under the federal Fair Labor Standards Act (FLSA), employees in most types of businesses are required to be paid overtime at 1.5x their hourly rate if they work more than 40 hours in a seven-day workweek, unless they are properly classified as “exempt.” As I’ll show in three cases below against an appraisal firm, a lender and an AMC, this law presents a genuine liability risk to businesses in the valuation industry. Let’s start with what should seem like a basic question: Are employee...

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]]> https://appraisersblogs.com/appraisal/overtime-lawsuits-affecting-appraisal-firms-lenders-and-amcs/feed/ 1 4056 Supervisory Appraiser & Trainee Appraiser https://appraisersblogs.com/appraisal/aqb-issues-proposed-supervisory-appraiser-and-trainee-appraiser-course-objectives-and-content-outline/ https://appraisersblogs.com/appraisal/aqb-issues-proposed-supervisory-appraiser-and-trainee-appraiser-course-objectives-and-content-outline/#comments Tue, 07 Aug 2012 12:30:48 +0000 https://appraisersblogs.com/?p=3213 AQB Issues Proposed Supervisory Appraiser and Trainee Appraiser Course Objectives and Content Outline The goal of the Real Property Appraiser Qualification Criteria (Criteria) is to promote and maintain a high level of public trust in appraisal practice by establishing minimum education, experience, and examination requirements for real property appraisers. On December 9, 2011, The Appraiser Qualifications Board (AQB) adopted changes to the Criteria that will become effective January 1,2015. These changes represent minimum national requirements that each state must implement no later than January 1, 2015. One of the changes adopted by the AQB requires that both Supervisory Appraisers and...

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