Only a few days left to post your comments concerning the hybrid appraisal document on Town Hall. VaCAP can not express enough the importance for each appraiser to voice their opinions. This is our profession and each of us, individually and collectively, are the best ones to advocate for the profession. If you will not… 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 »
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 »
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
VaCAP has learned our friend and supporter, Ken Harney has passed away. Ken was a supporter of appraisers and an advocate for consumers. He has helped educate the consumer on industry concerns and always shared the perspective of the appraiser. Our hearts our sadden by this great loss. Please keep his family and friends in… Read More »
The Department of Justice has sent a Civil Information Demand (CID) notice to CoreLogic. The CID requires CoreLogic turn over documents and answer questions. The article by Rob Hahn explains that the case revolves around not only the search features of the MLS systems, but the contracts and agreements on the use of MLS data… Read More »
Yes, you read that correctly! Lenders Allies, LLC, an appraisal management company, has agreed to a consent order with the Texas Appraiser Licensing and Certification Board (TALCB). On May 1, 2019 Lenders Allies agreed to a final order neither admitting guilt or denying guilt of violations of Texas law. The case revolved around the investigation… Read More »
Things went a bit crazy, but in a very good way! Monday April 29th, VaCAP launched a consumer protection campaign on WRVA 1140 AM News Radio. Our email and social media accounts were non stop. Many of our sister Coalitions in The Network of State Coalitions helped spread the word and shared our Press Release… Read More »
The Importance of an Appraiser Simply put, an appraiser is the only person within a real estate transaction that is unbiased and is not compensated based on a sale price or loan amount. Agents, lenders, and loan officers are all compensated based on a percentage of the loan amount or sale price. They have an… Read More »
Going on over three years now, the law suit between the Department of Justice and HUD against Quicken Loans was ordered to mediation to settle prior to the upcoming trial start date. The allegation that is the center of the lawsuit, concerns loans Quicken submitted to FHA that did not comply with HUD/ FHA requirements.… Read More »