These videos are actual presentations presented at TED Conferences. Each video is about 15 minutes and well worth every second to watch. “Algorithms decide who gets a loan, who gets a job interview, who gets insurance and much more — but they don’t automatically make things fair. Mathematician and data scientist Cathy O’Neil coined… Read More »
The following is written by a VaCAP guest author. The author, writing under the pen name “Steadfast Appraiser” is an appraiser who values the profession and believes in promoting public trust. The Shifting Narrative of Appraisal Modernization Is there a Crisis? Rahm Emanuel eloquently stated “You never let a serious crisis go to waste. And… Read More »
Happy Anniversary to the Network of State Appraisal Organizations! Five years ago this week Appraisers from VaCAP, NCREAA and SCPAC met and the Network was formed. It has now grown to 30 organizations. Appraisers have a strong voice! 1000% growth in five years! Washington, Georgia (AGREA), Georgia (GCAP), Arizona, Arkansas, California (REAA), Californa (CCAP), Nevada,Delaware,… Read More »
Appraisers Beware! VaCAP has been informed an email has been sent to Virginia Appraisers from Xome Vender Manager, Adam Burg. The email, addressed to “undisclosed recipients,” starts with “Dear Virginia Appraisers.” The body of the email announces that SunTrust Bank has begun ordering a bifurcated valuation product with an interior inspection. The appraiser is to… Read More »
Don’t Let This Be Your Future! Join Us on February 7 & 8th for Stats, Graphs and Data Science 1* Register Now *Stats Graphs and Data Science is taught by George Dell. See the positive feedback here.
Freddie Mac has an Enhanced Sweat Equity Program where borrowers (aka purchasers) can purchase a home and use sweat equity as a downpayment and closing costs. No money to the table! Here’s what’s allowed: Sweat equity to be used for the entire amount of down payment and closing costs with maximum 97 percent LTV/105 percent… Read More »
From our friends at the South Carolina Professional Appraiser Coaltion… Trump Chooses Pence Aide Calabria to Lead FHFA (From CQ News) President Donald Trump tapped conservative economist Mark Calabria to lead the Federal Housing Finance Agency, the government agency that oversees mortgage giants Fannie Mae and Freddie Mac. Calabria, who is Vice President Mike Pence’s… Read More »
Senate Bill No. 1168 Senate Bill 1168 has been introduced into the Virginia Senate by Senator Bill DeSteph and impacts Real Estate Appraisers and Appraisal Management Companies. The bill allows for a regulatory Board within the Department of Professional Occupation Regulations to “expunge” a disciplinary record of a licensee. See the bill in the Virginia… Read More »
VaCAP sent out a “Call to Action” a month ago to comment on the proposed increase in the appraisal threshold to $400,000. As of this writing, only 168 comments have been received. This is our Future, Please Comment Now! The OCC, Board, and FDIC (collectively, the agencies) are inviting comment on a proposed rule to… Read More »
Thank you for your continual support of VaCAP. We are not successful with you! Change is happening. Yes, you have heard that before, but to be honest, it is true. For the first time ever, VaCAP is offering continued education in conjunction with our conference. This was a long time coming and was done in direct… Read More »