6th February 2020

FREE Green Appraiser Certification in San Diego

Date And Time

Mon, Mar 2, 2020, 9:00 AM –

Wed, Mar 4, 2020, 5:00 PM PST

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Location

San Diego Gas & Electric Energy® Innovation Center

4760 Clairemont Mesa Blvd

San Diego, CA 92117

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Earth Advantage describes that the purpose of this training is to “educate appraisers about sustainable building practices and appraisal strategies for valuing the energy efficient and green features of a home.”

…continue reading the rest of this post: FREE Green Appraiser Certification in San Diego

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4th February 2020

Bureau of Real Estate Appraisers 2020 – 2025 for CA Appraisers

The new strategic plan has been posted, you can find the whole plan here: http://www.brea.ca.gov/pdf/19-352_BREA_Strategic_Plan_2020-25_ForWeb.pdf

Message from the Bureau Chief

The Bureau of Real Estate Appraisers 2020-2025 Strategic Plan is the result of participation by a broad range of stakeholders including consumers, licensees, registrants, and education providers. Survey results were insightful on both the current position of the Bureau and the state of the environment in which we operate.

The Bureau’s staff contributions were instrumental in identifying opportunities relating to dayto-day operations and mission-critical objectives.

With this input, and guidance from the Department of Consumer Affairs’ SOLID staff, the Bureau executive team developed a strategic plan that is both responsive and actionable. The plan will allow the organization to respond to change while remaining faithful to our mission.

Services provided by the appraisal profession are integral in business and the everyday life of consumers. California, with the largest number of licensees in the nation, plays a critical role in partnering with the federal government to implement requirements supporting a high level of public trust in the appraisal industry.

The Bureau must respond not only to a changing regulatory climate but also to real estate market conditions and trends which impact program processes and workload. This plan positions the Bureau to be flexible and excel in a leadership role protecting the public and consumers of appraisal services in California and nationwide.

I am proud of the work and contributions of my executive team and staff, and grateful to the survey participants for their vital input. With that I offer this road map to guide our vision of real estate appraisal excellence in California.

Sincerely,

James S. Martin, Bureau Chief

Read the entire plan here: http://www.brea.ca.gov/pdf/19-352_BREA_Strategic_Plan_2020-25_ForWeb.pdf

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30th January 2020

Fannie Mae Appraiser Update

You can find the whole newsletter here: https://www.fanniemae.com/content/news/current-appraiser-newsletter.pdf

This year has been a busy one. In addition to our policy work and appraisal modernization testing highlighted in earlier editions of this newsletter, we’ve been building stronger relationships with you. We’ve had thousands of conversations, answered hundreds of questions through our mailbox, listened to feedback — positive and negative — at the 25+ industry events we’ve attended, and even launched a new continuing education class through our partnership with The Columbia Institute. We’re also especially proud of our collaboration with the National Urban League to promote appraisal careers, and we’re thrilled that the Appraisal Institute has recently signed on as well. So, we want to celebrate the season by dedicating this newsletter to our partnership with you. This edition includes an overview of our mission, appraisal tool tips, a summary of the most frequent appraisal defects, and responses to common questions, including multiple parcel properties and appraisal waivers.

We hope you and your loved ones have a wonderful holiday season!

Collateral Policy Team Fannie Mae

You can find the whole newsletter here: https://www.fanniemae.com/content/news/current-appraiser-newsletter.pdf

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30th January 2020

Avoid Spot Value Solicitations

I received an email from Spot Value regarding the need for appraisers to join their panel by “invitation only” last month. Since I sign up to all the AMCs out there to test them and see if they are a good fit for the Appraisal Management Company Directory that I publish annually, I started the process and stopped immediately when they asked for payment.

ANY COMPANY THAT ASKS FOR $ TO JOIN THEIR PANEL IS A SCAM!!!!

After further research, I came across an excellent post I found over at AppraiserBlogs. Beware of Spot Value Solicitations was republished with permission from AppraisersBlogs below.

Many appraisers have gotten invitation letters in the mail from Spot Value to join their panel. The letter states that the appraiser was recommended by one of their clients and that their panel is by invitation only!

They have a website which makes them look legit. Their address at 2601 Main St, Irvine, CA 92614 is to Century Centre building but they do not provide a suite number. The domain is registered to a Michael Miller who is also the CEO and sender of the invitation letters. We were unable to reach Michael Miller at 919-404-4889. Their greeting message is computer generated and there is no voicemail setup to leave a message.

We researched the name Michael Miller and found the following:

“Mehdi Moarefian, also known as “Michael Miller,” 37, Irvine, California, was sentenced by U.S. District Judge Stefan R. Underhill in Bridgeport, Connecticut, to 52 months of imprisonment, followed by three years of supervised release, for participating in an extensive mortgage loan modification scheme. Moarefian also was ordered to pay restitution in the amount of $2,390,496.59.”

Per HousingWire, he was the ringleader of a massive mortgage modification fraud scheme.

..falsely purported to provide home mortgage loan modifications and other consumer debt relief services to numerous homeowners in Connecticut and across the United States in exchange for upfront fees…Homeowners were charged fees that typically ranged from approximately $2,500 to $4,300 for their services.

In order to induce homeowners to pay these fees, the group made a series of false representations, including: stating that the homeowners already had been approved for mortgage loan modifications on “extremely favorable” terms;

If this is the same person as the CEO of Spot Value, then it is clear that he is using the same type of tactics to scheme appraisers.

Spot Value appears to be operating as a portal, meaning they just provide a central repository of appraisers the lenders can access.

Per Spot Value website:

Spot Value makes the appraisal process quick and efficient. Appraisal orders will be assigned via email and text message and based on your member profile coverage areas and good standing within our performance rating system. You may accept or decline appraisal orders as your schedule allows, but we will continually expect a high standard of quality and timely work.

Appraiser fees: Spot Value operates with full transparency and with an ethical business model: Cost Plus. 100% of the appraisal fee goes to the appraiser, who completes the assignment. Spot Value charges a separate fee to the client for using our uniquely developed SaaS (Software as a Service) platform . Each appraiser is required to enter the fees for areas and products and are paid that amount for each order completed.

Application Fee: The application processing fee is $39.00. Application processing fee is a one-time fee for processing your application and checking against our customers blacklist. Please note that we will not review your application until your application processing fee is received.

Not an AMC: platform as a non-biased means to introduce appraisers to lenders and facilitate the flow of information and files between them.

Sounds like another pay to pay scam. Beware!

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30th January 2020

New 2020 AMC Directory

UPDATED: JANUARY 01, 2020

 

2020 Appraisal Management Company Directory
Fully Updated for 2020

    • Now With over 200 AMCs Listed
    • TOP 46 on the list send me 90% of all appraisal orders
    • TOP 10 on the list are my BEST clients
    • Money Back Guarantee

Published by a full time Real Estate Appraiser

Do you want more appraisal orders? Are you looking to recession proof your appraisal business by getting more Estate and FHA appraisal requests? Have you signed up to appraisal management companies and are still not getting any offers from the AMCs? Do you need a GOOD list with all the bad guys removed?

Don’t Hesitate! If you have any questions please contact me any time during the day! email me at bryan@appraiserincome.com and I will get back to you immediately!!!

…continue reading the rest of this post: New 2020 AMC Directory

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23rd August 2019

ASC OKs North Dakota Request for Temporary Appraisal Waiver

The Appraisal Subcommittee on July 9 granted a request from North Dakota for a temporary waiver from appraisal licensing requirements after state officials claimed a scarcity of appraisers. The ASC granted the one-year waiver from licensing requirements by a 5-2 vote; an additional year is possible if state officials again seek a waiver based on the scarcity argument. 

The Federal Financial Institutions Examination Council still needs to approve the decision, which is expected to happen at its meeting later this month. It’s important to note that the temporary waiver is not a waiver from appraisals, but from appraisal licensing requirements. All appraisals still need to comply with the Uniform Standards of Professional Appraisal Practice.  

…continue reading the rest of this post: ASC OKs North Dakota Request for Temporary Appraisal Waiver

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12th August 2019

New Redfin-Opendoor ‘iBuying’ partnership: another transformation in how you sell your house

Discount real-estate brokerage Redfin will partner with Opendoor, one of the leading home-buying services, allowing homeowners to get an instant offer when they want to sell with Redfin RDFN, -2.17%  , the firms announced Thursday.

The tie-up is the latest sign of the increasingly fuzzy lines between traditional ways of transacting residential real estate and the increasing popularity of new tech-enabled disruptors. Companies like Opendoor, known as “iBuyers,” buy homes from consumers directly, allowing them to skip the hassle of open houses, repairs and renovations, and uncertain closing schedules.

At a moment when consumers increasingly expect more bespoke and favorable experiences for less cost, the two companies say their initiative “gives homeowners more options for selling their home in a simple and convenient way.”

…continue reading the rest of this post: New Redfin-Opendoor ‘iBuying’ partnership: another transformation in how you sell your house

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8th August 2019

Appraisal Institute Opens Valuation Profession’s Premier Event

DENVER (July 22, 2019) – More than 525 real estate professionals from around the world today attended the opening session of the valuation profession’s most important annual event, hosted by the Appraisal Institute, the nation’s largest professional association of real estate appraisers.

The 2019 Appraisal Institute Annual Conference, being held at the downtown Hyatt Regency Denver today through Wednesday, features world-renowned keynote speakers, 30 breakout sessions on trend-setting valuation topics, networking opportunities for industry professionals, an exhibit hall featuring cutting-edge products and services and an awards ceremony honoring the valuation profession’s best and brightest.

…continue reading the rest of this post: Appraisal Institute Opens Valuation Profession’s Premier Event

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6th August 2019

Veros: Home Price Appreciation Steady

Veros Real Estate Solutions, Santa Ana, Calif., said average projected appreciation rate for residential real estate in the nation’s 100 largest markets should hold steady at 3.7 percent through June 2020, maintaining the same rate from the previous quarter’s forecast and marking a leveling out after a four-quarter decline from a projected appreciation rate of 4.5 percent a year ago.

The VeroFORECAST said 5 percent of markets are projected to depreciate over the upcoming year, a figure that has remained the same since fourth quarter 2018, after it jumped from 3 percent in a single quarter.

“This flattening indicates that although there is definite softness overall in the housing market the fundamentals are healthy,” said Eric Fox, Veros Vice President of Statistical and Economic Modeling. “One potential contributing factor we saw in the models is some softening of mortgage interest rates, which is helping to prop up values and stem the decline.”

…continue reading the rest of this post: Veros: Home Price Appreciation Steady

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4th August 2019

Appraisal Standards Board Considering Creating Standards for Evaluations – ASB to Issue Concept Paper and Hold Public Hearing

(Washington, DC) August 1, 2019 – The Appraisal Standards Board (ASB), an independent board of The Appraisal Foundation, announced today that it intends to examine the concept of creating standards for evaluations, which are alternatives to appraisals used by financial institutions.

Currently, there are no uniform standards for appraisers to follow when conducting an evaluation, which leads to greater risk to the safety and soundness of the real estate transaction and diminished protection for consumers. The ASB intends to issue a concept paper around Labor Day, and will follow up with a public hearing with panels of constituents on October 18, 2019 in Washington, DC. As with all public meetings of the ASB, the public hearing will be broadcast via livestream.

…continue reading the rest of this post: Appraisal Standards Board Considering Creating Standards for Evaluations – ASB to Issue Concept Paper and Hold Public Hearing

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