22nd July 2014

In 4 years Dodd-Frank has yet to create a fail safe system

repost from: http://www.bloombergview.com/articles/2014-07-20/dodd-frank-s-four-years-of-doing-nothing

dodd-frank

Four years after President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, polling suggests that most Americans think it hasn’t done enough to protect them from a repeat of the 2008 financial crisis, a disaster from which the global economy has yet to fully recover.

Unfortunately, they’re right. …continue reading the rest of this post: In 4 years Dodd-Frank has yet to create a fail safe system

posted in Dodd-Frank C&R Topics | 0 Comments

21st July 2014

Is Chase really calling it quits in home lending?

I came across this post the other day:

http://thenationalrealestatepost.com/chase-calls-it-quits/?utm_source=dlvr.it&utm_medium=facebook

Chase getting out of home mortgages?I am really wondering if they are calling it quits in the home loan industry.  If anyone has any additional information on this, I would love to hear it!

The short article goes in to some information about how Chase is getting out of lending, but all I could find was some information that they are getting out of the student loan business last year.

With all the ups and down in the home loan industry and how they have a really bad relationship with real estate appraisers, I would really love to know if they are getting out of home lending completely!

Bryan

http://appraiserincome.com

 

posted in Appraiser News | 0 Comments

18th July 2014

One technique I use to get more appraisal orders

So I was checking out the forums today and came across a post asking if people use video to promote their appraisal services.

Of course on the forums there were a lot of comments, not giving any real information if people use video, more reasons why they do not do any marketing and then some more about how they hate their jobs… Lol.

So I posted something along these lines and I hope it helps if you are thinking of using video to promote your appraisal services.

– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – –

I definitely use video quite a bit when marking appraisal services to potential clients, you can see a bunch that I recently created for this purpose.

http://appraiseallrealestate.com/appraiser-sandiego/new-real-estate-appraiser-videos/

There really is nothing special in the videos, I really don’t plan on people even watching them, that is why they are very short videos.  They are super easy to create using Animoto and they work VERY WELL!

Appraiser Videos

There are a number of reasons why you would want to spend the time to make videos to promote your appraisal services.

  1. The first one is that YouTube is owned by google, the largest and most used search engine around.  I think I recently read that more people search for products on services on YouTube possibly even more than in Google itself.  So being owned by google, they will display videos related to the keywords that your customers are using to find appraisal services in their area.  Google will sometimes display those results at the top of the page even before all the other search engine results!
  2. Google also loves new content, new media and all forms of new content, they will quickly add it to their database and give it a little boost when it is new.  You have a way better chance of showing up in the search engine results quickly with a new video that a new website. (websites will usually rank for longer periods of time though)
  3. If you optimize the title, keywords and description in YouTube, you can easily add a clickable link to your website right in the description and your phone number in the title so your customers can find you easily.
  4. When you add videos to your website, in to your google+ or google my business accounts, your profile will get a boost, giving you better chances to show up in the search engine results and the map on the side of the page.
  5. The link to your website in the description will help your actual website to rank better in the search engine results for the keywords your potential clients are using.

One final note.  They are super easy to make.  You can easily create short slideshows in animoto and upload them from animoto to your youtube account. You can also create more informative videos that have the possiblility of getting tens of thousands of views, furthering improving the rank to both your youtube channel and your website.

Before you discount this completely, try search for major cities in the United States followed by appraisal or appraiser.  Most likely you will see great examples of this.  If there are none in your market area, you should be able to get your videos to show up with proper optimization.

If you would like to see a tutorial on this process, you can get a $1.00 trial to the Appraiser’s club and check it out.

Give it a try, you will be surprised with the results!

Bryan

http://appraiserincome.com

 

 

posted in Appraiser Marketing | 0 Comments

16th July 2014

Court Certifies Class and Approves Nationwide Class Settlement for Bank of America Review Appraisers

Editor’s Note: A federal court in California has certified a class action challenging Bank of America’s failure to pay overtime to staff appraisers. In another case, staff review appraisers stand to receive a settlement averaging over $10,000 each from BOA/LandSafe.

Landsafe Appraisal

Court Certifies Class and Approves Nationwide Class Settlement for Review Appraisers
by Bryan Schwartz

http://workingre.com

United States District Court for the Central District of California, Hon. David O. Carter, certified a class action challenge on behalf of hundreds of real estate appraisers employed by Bank of America and its appraisal subsidiary, LandSafe Appraisal Services, around California, seeking back wages for unpaid overtime, meal and rest period premiums, and other wages and penalties

Judge Carter also granted his preliminary approval to a $5.8 million settlement on behalf of another group in the case, called Review Appraisers – who verify the Residential Appraisers’ reports. Approximately 370 review appraisers nationwide will soon receive notice of the settlement, which is expected to receive final approval in November 2014, barring any successful objections. Each participant, on average, will net a payment of over $10,000 in the settlement, and the position will be reclassified in 2014 so that Bank of America’s Review Appraisers will be paid overtime going forward.

Boyd, et al., v. Bank of America, et al
The case in question, Boyd, et al., v. Bank of America, et al., was brought by San Francisco Bay Area attorney Bryan Schwartz along with Schonbrun, Desimone, Seplow, Harris & Hoffman of Los Angeles. The action alleges that Bank of America wrongly called appraisers exempt from wage laws based upon the notion that they were company administrators or policy-makers (like human resources officials) or learned professionals (like attorneys and doctors), who must undergo a prolonged course of specialized academic instruction. …continue reading the rest of this post: Court Certifies Class and Approves Nationwide Class Settlement for Bank of America Review Appraisers

posted in Appraiser News | 0 Comments

15th July 2014

Newly updated 2014 Appraisal Management Company Directory

2014 Appraisal Management Company Directory Newly updated 07/01/2014! 

On this last update, I went through the entire list of appraisal management companies and removed any of the companies that have had problems paying appraisers, those that have gone out of business as well as adding a bunch of new companies to the list. They are all clickable links on the electronic version and a printed version is also available for those that want to write their usernames and passwords directly in to the book.

With the incredible slowdown that has been experienced recently, it is a great time to update all of your information with the AMCs and sign up to a bunch of new companies. The list has over 200 companies with the top 42 on the list are the companies that sent me the most work in the past year. There is still a lot of work out there.

 

Why are you not getting the appraisal orders?

There are a lot of reasons why you might not be getting a ton of work from the appraisal management companies. Topping the list of reasons is due to document updating when you get a new license or e&o insurance. You can also reach out to all the appraisal management companies by phone to speak with the vendor managers. AMCs like to work with appraisers that reach out to them and you might even get on their preferred list of appraisers.

Of course fees vary from one company to the next. I have not accepted less than customary and reasonable fees for many years now and I am not about to get started. A lot of these AMCs still work with the fees with appraisers as long as you explain the situation.

Well, I just wanted to let everyone know the new directory is available and you can order your copy today. Thanks again for being a valued subscriber to Appraiser Income! http://appraiserincome.com/shop/catalogue.php

Wishing you success in 2014,
Sincerely,
Bryan Knowlton
http://www.appraiserincome.com

 

posted in Appraiser Marketing | 0 Comments

15th July 2014

Appraiser Qualification Changes for 01/01/2015

The Bureau of Real Estate Appraisers would like to remind all Licensees and potential licensees that the Appraiser Qualification Changes become effective on January 1, 2015.  These changes affect the minimum education requirements and mandate courses for those in a supervisory or trainee role.  If you or someone you know is planning on submitting an initial or upgrade license application before the January 1, 2015, deadline, the application must be complete, which means that the applicant MUST PASS THE EXAM prior to the January 1, 2015 deadlineTHERE ARE NO EXCEPTIONS!

EDUCATIONAL CHANGES

…continue reading the rest of this post: Appraiser Qualification Changes for 01/01/2015

posted in Appraiser News | 0 Comments

15th July 2014

How Does Your Appraiser Website Rank?

Appraiser Website RankingHey Everyone! Hope you are having a great week.  Today I came across a question from a fellow appraiser about traffic to their website.  They have a relatively new website that is getting a few hundred hits a month and just wanted to see if they are doing the right stuff to get more traffic and such.

One of the first things you want to determine is the number of people that contact you after they visit your website.   Even if your website is getting visits, it is worthless unless people are taking the next step to contact you.

Make sure your contact information is placed throughout the website and that you have a mobile version of your website as well.  That is a good starting point.

The next step you will probably want to take is to get some good analytics added to your website so you can see where that traffic is coming from, and if it is from the search engines, what keywords they are using to find your website.

You can have thousands of visits a month, but if they are finding your website because you are ranking for the wrong terms (funny cat at appraisal, real estate for sale, etc….), then that traffic is pretty worthless to your appraisal business.

You want to determine your keywords as soon as possible, usually prior to building a website, but you can also make changes to your website to help the search engines and other websites determine it is actually an appraiser website.

So optimize your website for those primary keywords and use those keywords in your social profiles, throughout your websites, in your blog posts if your blog, when creating videos and in all of your marketing efforts.

You can track the progress you are making by checking your analytics from time to time and by getting an app that tracks your website ranking.  I like to use an app called SEO Ranking.  It keeps track of your placement in Google.

Iphone – https://itunes.apple.com/us/app/seo-search-ranking/id320423449?mt=8

Android – https://play.google.com/store/apps/details?id=com.leonhuang.seosearchranking&hl=en

Most likely if your website is showing on the first page of google, you are top ranking on all the other search engines.

If you would like more information on optimizing your website, or getting a free optimized website by being a member of the Appraiser’s Club, please visit http://appraisersclub.com for more information and to attend one of our free webinars!

I hope you found this helpful!!

 

Bryan Knowlton

http://appraisersclub.com

 

posted in Appraiser Marketing | 0 Comments

23rd April 2014

Fannie Mae Updates Appraisal Policies

On April 15, Fannie Mae announced changes to its Selling Guide that affect appraisal policies relating to appraisal updates, required photos and acceptable comparable properties. The changes, which are effective immediately, follow a comprehensive review of the Guide’s appraisal requirements chapters.

“As a result of that review, new policies have been developed, current policies have been clarified, and additional guidance has been incorporated,” Fannie Mae noted in its announcement. “Further, significant changes to the organization of both chapters have been made. In some cases, topics and paragraphs have been re-titled and content has been reorganized with the expectation that searching for specific information will be much easier.”

Among the changes, Fannie now requires appraisers who are performing an appraisal update to include a photograph of the front of a subject property so that the exterior inspection can be validated. Appraisal updates must be reported on the Appraisal Update and/or Completion Report (Form 1004D).

Fannie Mae noted that origination appraisals can be utilized for subsequent transactions if there is no change to the property condition impacting the market value and certain requirements are met. The requirements relate to the transaction type, age of the appraisal, continuity of ownership and the lender.

When identifying an addition that doesn’t have a required permit, the appraiser must comment on the quality and appearance of the work. Comments also are needed on the impact, if any, on the market value of the subject property.

Fannie Mae clarified that it no longer needs an explanation when using comparable sales that are more than six months old. The lender also added an example in its Selling Guide that illustrates when it might be appropriate to use older sales with proper time adjustments instead of a more recent but dissimilar sale.

“An older sale may be more appropriate in situations when market conditions have impacted the availability of recent sales as long as the appraisal reflects the changing market conditions,” the GSE stated in the announcement.

The complete details about the update are outlined in Fannie Mae’s Selling Guide Announcement SEL-2014-03.

 

posted in Appraiser News | 0 Comments

22nd April 2014

Let the California Bureau of Real Estate Appraisers know what you think about them

Dear Valued Stakeholder,
This note is a reminder to provide your responses to our planning survey. We originally sent you this request on April 8, 2014.
The Bureau of Real Estate Appraisers is beginning the development of its strategic plan for 2014-2019. The Department of Consumer Affairs, SOLID Planning Solutions (SOLID) is assisting the Bureau with its strategic planning process.
As a stakeholder involved with the Real Estate Appraisal profession, you have an important perspective and stake in the success of the Bureau. Your completed survey will provide input as to how the Bureau is doing by identifying strengths, challenges, and current trends to consider for the future direction of the Bureau.
Thank you for taking time to participate in this short survey. All responses are anonymous. This will allow us to add your feedback to our analysis as we prepare our strategic plan.
Sincerely,
Jim Martin
Bureau of Real Estate Appraisers, Chief

posted in Appraiser News | 0 Comments

11th April 2014

2014 Appraisal Management Company Directory Now Available!

I just wanted to let everyone know the new 2014 AMC Directory is now available! You can find it inside of the store.

On this last update, I went through the entire list of appraisal management companies and removed any of the companies that have had problems paying appraisers, those that have gone out of business as well as adding a bunch of new companies to the list. They are all clickable links on the electronic version and a printed version is also available for those that want to write their usernames and passwords directly in to the book.

With the incredible slowdown that has been experienced recently, it is a great time to update all of your information with the AMCs and sign up to a bunch of new companies. The list has over 275 companies with the top 47 on the list are the companies that sent me the most work in the past year. There is still a lot of work out there.

2014 AMC DirectoryWhy are you not getting the appraisal orders?

There are a lot of reasons why you might not be getting a ton of work from the appraisal management companies. Topping the list of reasons is due to document updating when you get a new license or e&o insurance. You can also reach out to all the appraisal management companies by phone to speak with the vendor managers. AMCs like to work with appraisers that reach out to them and you might even get on their preferred list of appraisers.

Of course fees vary from one company to the next. I have not accepted less than customary and reasonable fees for many years now and I am not about to get started. A lot of these AMCs still work with the fees with appraisers as long as you explain the situation.

 

Well, I just wanted to let everyone know the new directory is available and you can order your copy today. Thanks again for being a valued subscriber to Appraiser Income! http://appraiserincome.com/shop/catalogue.php

Wishing you success in 2014,
Sincerely,
Bryan Knowlton
http://www.appraiserincome.com

posted in Appraisal Management Companies | 0 Comments



FREE REPORT INCLUDED:
3 Steps to get
More AMC Orders

SECURE & CONFIDENTIAL
Your email will NEVER be rented, traded or sold.
WE GUARANTEE YOUR CONFIDENTIALITY.
We hate spam just as much as you do.


E&O Insurance
Appraisers Club Appraisal Management Companies





Get More Orders - Private Appraisers Club
Get More Estate Work!
Divorce, Bankruptcy,
Date of Death and
Estate orders are
needed in your area!