Tag Archives: Lenders

Appraisers – Eyes, Ears & Market Pulse

The appraisal profession came about because of the Great Depression and our relevance is still strong today. Exceptional circumstances such as the current pandemic create a need for temporary allowances for information gathering for the valuation of collateral. The appraisal community has come together to insure our clients’ needs are met. Be it extra precautions… Read More »

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 »

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 »

Hybrids and the State Appraisal Board

Some are for and some are opposed. It is a business decision on which types of assignments you choose to accept.  If you choose to complete a hybrid or bifurcated appraisal, you need to pay attention and ask yourself a few questions.  Is the fee I am receiving for completing this assignment reasonable for the … Read More »

Giving to VaCAP

For the past several years, VaCAP, a non profit organization, has participated in the Giving Tuesday Campaign.  If you are unfamiliar with this movement, it is the Tuesday after Thanksgiving which is dedicated to giving to non profit organizations. VaCAP is appreciative of all the donations received throughout the year and to those who have… Read More »

You Just Have to Laugh

Over the past few weeks VaCAP has been hearing from our members on some of the concerns they have with how amcs are conducting themselves. It started when appraisers on the USDA panel received notifications that USDA was no longer ordering appraisals directly and that task has been outsourced. Verdi Consulting and Jones Lang LaSalle… Read More »

Fannie and Freddie Will Fail!

That comes straight from Dr. Mark Calabria, the Federal Housing Finance Director that oversees Fannie and Freddie! In a prepared statement given to the US House of Representatives Committee on Financial Services, FHFA Director Mark Calabria  did not hold back in his comments. “But in their current condition, Fannie Mae and Freddie Mac will fail… Read More »

Hold On, It’s the Ride of Your Life!

We are sure you have heard the old saying what goes around comes around, right. Well, here we are again; The FTC vs Louisiana Real Estate Appraisal Board case has been brought back into the spot-light. As you may recall, the LREAB filed a civil case against the FTC in attempt to stop the case… Read More »

Momentum is Strong. Act Now

Late Friday afternoon, VaCAP learned the Financial Services Committee Chairwomen. Maxine Waters and Senator Sherrod Brown, Ranking Member of the Senate Committee on Banking Housing and Urban Affairs, sent a letter to the Appraisal Subcommittee Chairman Arthur Lindo inquiring around the circumstances of the North Dakota Appraisal Waiver that was granted a few months back.… Read More »

Breaking News – Unprecedented Appraisal Waiver Questioned!

Congresswomen Maxine Waters and Senator Sherrod Brown are questioning the Appraisal Waiver granted to North Dakota.  See the Press Release below and the entire letter sent here.    For Immediate Release September 27, 2019 Waters and Brown Call on Appraisal Subcommittee to Provide Answers on Unprecedented Appraisal Waiver WASHINGTON, D.C. – Congresswoman Maxine Waters (D-CA), Chairwoman… Read More »