13th February 2020

Non-Lender Marketing Guide Available

No More Middlemen

Have you noticed a significant decline of lender work over the past few months? Do you want to learn how to get more appraisal orders and finally get off the Appraisal Management Company roller coaster ride for good?

Like many appraisers I have seen a very significant decline in AMC orders over the past few months. I have been kicking myself in the butt for not getting started on my marketing to Attorneys, bail bond companies and credit unions prior to the interest rates going up.

Luckily I have a steady stream of attorney work that keeps me busy due to having a good contact management system in place and a steady client base of bail bond companies that refer their customers to me.

In this book I have detailed the steps that I take to create an inexpensive mailer to get more work from credit unions, attorneys and bail bond companies as well as the systems I use to continually get more referral work from all my past clients.

This is an incredible resource to those appraisers that are really looking to learn how do market your appraisal company and build up your client base so you don’t have to deal with seasonal and economic slow downs. This kind of work never goes away!

Possibly one of the most valuable aspects of this book is the spreadsheets that include:
2500+ Credit Unions
550+ Bail Bond Companies
300+ Direct Lenders

Chapters Include:

  • How To Use the Spreadsheets Included With This Book
  • Will Rising Interest Rates Affect Your Appraisal Business?
  • Getting Off The Appraisal Management Company Roller Coaster Ride for Good
  • How to Market to Attorneys, Bail Bond Companies, Direct Lenders and Credit Unions
  • Step-by-Step Instructions to Make a Postcard Mailer From Card Design to Mailing
  • How To Get Low Cost Mailing Lists Made Targeting Local Divorce and Bankruptcy Attorneys
  • Tested Methods on How To Get More Referral Work From Past and Existing Clients
  • How to get a FREE Local Listing in Google and Optimize it for Best Results

You are going to especially love the Bail Bond marketing information. These orders are amazing and I have been focusing a lot of my efforts to getting more of their referrals. Why?

When I am referred a customer, I quote 3 fees. I base my first fee off of complexity of the appraisal. Lets say it is a standard tract home in San Diego. I quote them $400 and will inspect within 2 working days and have the appraisal report back to them within 2 days. The second fee is to inspect within 24 hours and have back within 24 hours for $800, and finally a same day inspection and deliver of the appraisal is $1200.

Which one do you think the client wants when they are trying to get a loved one out of jail? 75% of the time it is the $1200 fee for a simple tract home appraisal.

But you do have to follow up to keep these clients, and I have listed all the techniques I use to stay in contact with these clients so the work doesn’t go away.

This resource is jammed packed with information and the spreadsheets are 100% sortable by state to make it easy to create your postcard and do your mailing as noted in Chapter 5: Step-by-Step Instructions to Make a Postcard Mailer From Card Design to Mailing

The next chapter lays out the steps I use to get a massive list of Attorneys in my market area by an inexpensive virtual assistant.

Take the time today to order my New Book & Directory – No More Middlemen – Full Fee & Appraisal Managment Free : 2014 Appraiser Marketing Guide and List of 3400+ Direct Lenders, Credit Unions and Bail Bond Companies and finally get off the crappy appraisal management company roller coaster ride for good!

Click Here To Order

Bryan Knowlton
Appraiser Income
http://www.appraiserincome.com

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11th February 2020

Fannie Mae, Freddie Mac loan limit increases to more than $510,000

Conforming loan limit has now increased by nearly $100,000 since 2016

The Federal Housing Finance Agency announced Tuesday that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000.

In most of the U.S., the 2020 maximum conforming loan limit will be raised to $510,400, up from 2019’s level to $484,350.

This marks the fourth straight year that the FHFA has increased the conforming loan limits after not increasing them for an entire decade from 2006 to 2016.

In 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has gone up by $93,400.

Back in 2016, the FHFA increased the conforming loan limits from $417,000 to $424,100. Then, the next year, the FHFA raised the loan limits from $424,100 to $453,100 for 2018. And in 2018, the FHFA increased the loan limit from $453,100 to $484,350 for 2019.

And now, loan limits will top $510,000.

…continue reading the rest of this post: Fannie Mae, Freddie Mac loan limit increases to more than $510,000

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7th February 2020

FHA loan limits increasing for almost all of U.S. in 2020

https://www.housingwire.com/articles/fha-loan-limits-increasing-for-almost-all-of-us-in-2020/

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020. 11 counties will actually see loan limits decrease
According to an announcement from the FHA, the 2020 FHA loan limit for most of the country will be $331,760, an increase of nearly $17,000 over 2019’s loan limit of $314,827.
That loan limit applies to much of the country, with the figure determined as a percentage of the national conforming loan limit for Fannie Mae and Freddie Mac, which is increasing in 2020 to $510,400.
FHA is required by the National Housing Act, as amended by the Housing and Economic Recovery Act of 2008, to set single-family forward loan limits at 115% of median house prices, subject to a floor and a ceiling on the limits. FHA calculates forward mortgage limits by Metropolitan Statistical Area and county.
FHA’s 2020 minimum national loan limit, or “floor,” of $331,760 is 65% of the national conforming loan limit of $510,400. This floor applies to “low-cost areas,” which are counties where 115% of the median home price is less than the floor limit.
Meanwhile, there are a number of counties (approximately 70) where the median home price far exceeds the FHA loan limit floor. Those areas where the loan limit exceeds this floor are considered “high-cost areas”, and HERA requires the FHA to set its maximum loan limit “ceiling” for those high-cost areas at 150% of the national conforming limit.
Therefore, for those approximately 70 “high-cost” counties, the FHA’s 2020 loan limit will be $765,600, an increase of nearly $40,000 over 2019’s total of $726,525.
…continue reading the rest of this post: FHA loan limits increasing for almost all of U.S. in 2020

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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

Add to Calendar

Location

San Diego Gas & Electric Energy® Innovation Center

4760 Clairemont Mesa Blvd

San Diego, CA 92117

View Map

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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