Author Archives: VaCAP Board

Warning to Appraisers

We have all been there; you are busy and you lose track of your accounts receivables. Suddenly, you have 45, 60 and 90 day past due invoices.  VaCAP wants to remind you to pay attention not only to your receivables, but industry news to make informed decisions going forward. Two days ago HousingWire reported Ocwen… Read More »

Covid 19 Issues Addressed

  Fannie and Freddie have come out with updated guidelines for appraisals. There is much confusion on what is and what is not required. The below matrix simplified what is allowed by Fannie Mae. Additional questions and answers can be found on Lender Letter LL-2020-04. The unknown to the appraiser is the  ownership of the loan. … Read More »

Something Different

As we all navigate the unchartered territory we find ourselves in during this pandemic period, much attention is being placed on supporting local small businesses and restaurants. True, we need to support them, but what about those once in a lifetime events that so many are missing out on?  Adults take so much for granted… Read More »

Crazy Dumb Things

Well who said 2020 would be a nice calm year for appraisers?  VaCAP has been receiving messages from appraisers about some of the crazy dumb stuff lenders and amcs are doing. What is scary is the things we are hearing are very reminiscent of 12-15 years ago. A long time VaCAP member forwarded an appraisal… Read More »

Appraisal Organizations Step Up

Over the past week or so, Presidential Candidate Joe Biden publicly called for more regulation and oversight over appraisers to combat racial bias.  He specifically cited the Brookings Institute Study ” The Devaluation of Assets in Black Neighborhoods, The Case of Residential Property”  If you are unfamiliar with this study, in a nutshell, the findings… Read More »

Breaking: Appraisal Concerns in the Spotlight in DC

Congresswoman Maxine Waters and  Congressman William Lacy Clay request a formal study/investigation into  Title XI (FIRREA) and the recent dilution of its intent by the Federal Agencies. The letter to  Gene Dodaro, Comptroller General, Government Accountability Office, addresses threshold increases, regulatory exemptions, appraisal waivers, the North Dakota appraiser certification waiver and evaluations in lieu of… Read More »