At the end of January 2015, Fannie Mae will make Collateral Underwriter (CU), an appraisal risk-assessment tool, available to lenders. CU is an optional, free tool that lenders can use to assign a risk score to appraisals and identify aspects of the appraisal that may require further attention. The tool can provide the lender a list of additional comps for possible appraiser review. NAR members are concerned that this could add time to the appraisal process and force appraisers to use lower-value, lower-quality comps—a tool that appears to encourage lower-value… Read More
In recent weeks, there have been a number of news articles involving appraisers, including some that have unfairly accused appraisers of inflating home values.
The Historical Development of the Appraiser Regulatory System, from The Appraisal Foundation.
Fannie Mae developed a new proprietary appraisal risk assessment application called Collateral Underwriter™ (CU™). CU will be made available to lenders in January 2015. Here is Fannie Mae’s latest FAQ on CU, which addresses some appraiser concerns.
Pay your 2015 Appraisal Dues online. A $25 late fee applies after January 31. Questions? Contact the Appraisal Dept at 800-874-6500 x8268.
The Appraisal Practices Board (APB) of The Appraisal Foundation has issued the following document for comment:
All interested parties are encouraged to comment in writing to the APB before the deadline of December 12, 2014. Respondents should be assured that each member of the APB and the SME Group will thoroughly read and consider all comments.
Written comments on this Exposure Draft can be submitted by mail, email and facsimile.
Appraisal Practices Board
The Appraisal Foundation
1155 15th Street NW, Suite 1111
Washington, DC 20005
If you have any questions regarding this Exposure Draft, please contact Staci Steward at email@example.com.
NEW ORLEANS (November 8, 2014) – Realtors® shouldn’t be afraid of the plethora of available real estate data online, and it’s their responsibility to educate buyers and sellers about the different valuation models and data available, according to panelists at a property valuation forum here at the 2014 Realtors® Conference & Expo.
The panelists discussed the challenges of helping buyers and sellers understand the difference between actual appraisals and those from automated… Read More
Soda Creek Homes For Sale
Soda Creek in Evergreen, CO is one of the nicest neighborhoods in the Denver Foothills. If you are looking for luxury homes in Evergreen, you need to view some Soda Creek Real estate. I personally am a real estate agent that specialize in luxury home sales. I have viewed some of the nicest homes that I have ever seen in the Soda Creek neighborhood.
Don’t get me wrong you will pay a price for the luxury horse properties and beautiful views from this North Evergreen Neighborhood.
The other very desirable aspect of this area is the close proximity to Denver and the ski resorts. You can shave 20 minutes off your commute living in Soda Creek as apposed to other neighborhoods in Evergreen.
Please let me know if you would like to view any real estate for sale in Soda Creek, one of the premier neighborhoods in Evergreen.
The Appraisal Foundation offers a host of video resources, including the series “Understanding the Appraiser Regulatory System.”
The Alliance for Valuation Education, a non-profit established with the support of thirteen leading valuation-related organizations (including the National Association of REALTORS), is soliciting applications for course authors as well as those interested in serving as subject matter experts (SMEs).
If you are interested in applying to be a course author or SME, please visit the Alliance for Valuation Education website.
If you have any questions, please contact Magdalene Vasquez, Staff Executive, at firstname.lastname@example.org or 202-595-3321.