We are entering week 4 of the comment period on the proposed hybrid guidance document. With only 1 week to go, please post your comments now. As of this writing, only 11 comments have been posted. What are you waiting for? A hybrid appraisal proposed guidance document has been posted for public comment. As most… Read More »
VaCAP and 27 other State Appraisal Organizations reached out to the House Finance Services Committee concerning the upcoming Subcommittee meeting entitled “What’s Your Home Worth,? A Review of the Appraisal Industry” on June 20th. The Network stresses the most qualified to testify on the appraisal profession is an appraiser. The letter also outlines some of… Read More »
Who is Up to the Task? Each day we are encountering agents and broker who are unaware of hybrid appraisals. We need to educate them on these products and the risks associated with them. VaCAP is officially challenging you. For the next 10 days, we challenge you to educate 1 person per day about hybrid… Read More »
This guy wanted to help one of our members measure a house. From the angry homeowner who is chasing you because you took a picture of his house to unwanted helpers like the guy in the picture, we never know what we will encounter out in the field. This time of year, snakes and other… Read More »
VaCAP Membership Renewal Time Your Membership to VaCAP is expiring on June 30, 2019. New member and renewal yearly dues remain at $84 per year. VaCAP represents Virginia appraisers as one of the leading coalitions within the Network of State Appraisal Organizations, currently 31 members strong. We are members of the Appraisal Foundation Advisory Council,… Read More »
A hybrid appraisal proposed guidance document has been posted for public comment. As most of you know, hybrid or bifurcated appraisals are a very controversial topic currently. Virginia statutes and regulations have language which gives many of us pause on the compliance of hybrid appraisals as they are being presented in the industry. The Board… Read More »
There is strength in numbers. We believe this is an accurate statement. Richard Hagar, SRA recently wrote an article titled ” Come Together” that VaCAP was been given permission to redistribute. The article discusses the benefits of working in a large firm, co-op office and communicating with other appraisers. Belonging to professional organizations such as… Read More »
US House Financial Services Committee Hearing on Appraisals The subcommittee on Housing, Community Development and Insurance is holding a hearing entitled “What’s Your Home Worth? ” A Review of the Appraisal Industry on June 20, 2019 at 2:00 PM. The hearing is open to the public and can be lived streamed. To find out more… Read More »
Last week VaCAP shared the DOJ was investigating CoreLogic. Today we learned the Chief Legal Officer for CoreLogic, Arnold Pinkston has resigned. Coincidence or getting out ahead of what is coming? Time will tell. Mr. Pinkston has been Chief Legal Officer since January 2018. See the story here. https://therealdeal.com/national/2019/05/29/corelogics-chief-counsel-is-leaving-the-company-as-it-deals-with-a-doj-inquiry/?fbclid=IwAR0UmvITPJcSn9IaJUwX3qeq9G2WOGbzLjwje4FeKitzp9sZoD8cuZcFoiw
“All because inwardly focused and entitled Fan and Fred are smug bugs in a rug.” That is a quote from the article by Jeff Lazerson in The Orange County Register on May 23, 2019. The article is about Fannie and Freddie maintaining property valuation data and how it is harming consumers. The article touches on… Read More »