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 »
Fannie and Freddie have come out with updated guidelines for appraisals. There is much confusion on what is and what is not required. The below matrix simplified what is allowed by Fannie Mae. Additional questions and answers can be found on Lender Letter LL-2020-04. The unknown to the appraiser is the ownership of the loan. … Read More »
Ok appraisers let us be blunt about the Covid -19 Virus. It is serious and no one should be ignoring all the warnings. We could learn a thing or two from other countries that have experienced the outbreak prior to us. Fannie, Freddie, HUD and VA have all altered their appraisal requirements as a result… Read More »
Everyone, not just appraisers is getting bombarded with information on Covid-19. So much of the information differs, it is hard to know what is real, hype or hysteria. So much has been shared within the appraisal groups on social media that there are more conversations about Covid-19 then appraisals. VaCAP is a volunteer organization of… Read More »
Last week we shared with you Congresswoman Maxine Waters and Congressman William Lacy Clay requested a formal study/investigation into Title XI (FIRREA) and the recent dilution of its intent by the Federal Agencies. VaCAP has learned GAO has agreed to complete the study. The Network of State Coalitions has sent the following to their state… Read More »
The Virginia Real Estate Appraisal Board meets tomorrow February 11th @ 10:00 AM. The meeting will be held at the DPOR offices located at 9960 Mayland Dr Suite 200 Richmond, VA 23233. There will be a public comment period allowing anyone to address the board with questions, comments or concerns. There are lots of changes… Read More »
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 »
Class Valuation sucker punches appraisers! Class Valuations has been celebrating completing 1,000,000 orders and sent a Tweet thanking their clients and staff. There is no mention of the boots on the ground licensed professional appraisers who actually completed those appraisals. Is this the true feelings of Class Valuations? Do they not realize not one… Read More »
Your Personal Information is Being Sent to Multiple Unknown Companies by Amrock! VaCAP has learned this morning Amrock, a nationwide appraisal management company, has sent the personal and financial information of their appraisal panel to a third party to issue 1099’s. Sadly, this company in turn has sent your personal and financial information to another… Read More »
VaCAP has an exclusive story that was released on AppraisersBlogs this morning. We are redirecting everyone to AppraisersBlogs to read the article about the Best Decision You Will Make in 2020. Reminder, Registration for USPAP on Steroids with Maureen Sweeney is on February 5th in Virginia Beach and February 7th in Abingdon. Registration… Read More »