VaCAP has learned another AMC is gone. This makes the second one in two days. Appraisal Quick out of Laguna Niguel, CA has filed for Chapter 7 Bankruptcy. According to DPOR’s website, Appraisal Quick is not licensed to conduct business in Virginia. Unfortunately VaCAP has learned of several amcs operating here in Virginia without proper… Read More »
Rob Chrisman Reports Appraiser Connections Closes it Doors. “It is with great sadness that I must inform everyone that effective immediately Appraiser Connections is shutting down. All orders in the system will be complete, just no new orders. Retail loan officers will be given new user IDs for the new AMC that will be taking over and… Read More »
VaCAP has just been made aware of a Sunshine Act Meeting that will take place on Tuesday August 20th. We have been told that the FDIC meeting on Tuesday will vote with no discussion to raise the residential de minimis. This is scheduled to happen despite the volumes of opposition and in the wake of… Read More »
This is a CALL TO ACTION . Please listen to Phil Crawford’s Voice of Appraisal Show released this morning. He has put out a call to action to every appraiser to write a letter of recommendation for VaCAP President Pat Turner to be appointed to the Appraisal Standards Board. Send your emails /letters of recommendations… Read More »
Phil Crawford has a new Voice of Appraisal Show out today. This is one of the best shows Phil has ever done. He touches on issues with Bifurcation, Board competitors and even mentions VaCAP and our “Other Side of Things” article that received a lot of attention on Appraisers Blogs last week. Phil encourages support… Read More »
VaCap, along with 27 other state appraisal organizations signed a letter of support in favor of HR 3619. HR3619 requires the disclosure of amc fees and the appraiser fee on closing statements of a mortgage loan, registration of appraisal trainees on the ASC registry, adds a representative of the Veterans Administration to ASC and authorizes… Read More »
Appraisal Buzz published an article written by Joshua Walit on July 31, 2019 titled Nothing New Under the Sun: The Varied Face of Appraisal. The article brings up some good points, however; it does not take into account the reality of the market and the control of the lenders and appraisal management companies in the… Read More »
The Virginia Real Estate Appraiser Board met for its quarterly meeting yesterday. We are happy to report CoesterVMS no longer has a license to operate in Virginia. The Board voted to accept the consent order accepting the voluntary surrender of his license. The Board also passed a motion to draft legislation to be introduced into… Read More »
VaCAP has learned this afternoon that Atlantic1 Appraisal Management is 60 days past due on paying one of our members. As most of you may recall, Atlantic1 is associated with Mathew Moore, who has a history of not paying appraisers. There have been numerous articles and comments on this operation. Appraisers have the upper hand… Read More »
The Department of Justice announced yesterday they have initiated a review of anti- trust concerns with Big Tech Companies. From the Wall Street Journal article, the Federal Trade Commission and the Department of Justice collaborated on who would take the lead on this investigation. Also pointed out in the article, both the FTC and DOJ… Read More »