Tag Archives: HUD

Virginia Appraiser Board Reaffirms Commitment to Appraiser Independence, Denies Reconsideration Request

At the June 24, 2026 Virginia Real Estate Appraiser Board Meeting an attorney representing  Financial Asset Services and Brandon Sison asked the Board to reconsider the discipline ruled by the Board at the March 16, 2026 meeting. Neither Financial Asset Services or Brandon Sison were present. On March 16, 2026, The Virginia Real Estate Appraiser… Read More: Virginia Appraiser Board Reaffirms Commitment to Appraiser Independence, Denies Reconsideration… »

Suspended – AMC & Chief Review Appraiser

An Appraisal Management Company has one purpose, to be an unbiased third-party middleman between the lender and the appraiser. Their sole purpose is to eliminate undue pressure on the appraiser; to insure appraiser independence.  This is mandated in both Federal and State Statutes throughout the country. When you provide pressure, threaten a complaint to the… Read More: Suspended – AMC & Chief Review Appraiser »

When Things Go Unchecked…..

Last month marked the 7-year anniversary of Appraiser Fest. The conference was truly like nothing that had been done before. It was organized by appraisers for appraisers. The agenda was more about bringing the profession together and protecting the public trust. Appraiser Fest was not about promoting the profit of others at the expense of… Read More: When Things Go Unchecked….. »

It’s Just Responsible Journalism

The local television station WWBT, NBC 12 in the Richmond market is airing a story on Thursday February 22 during the 6:00 News Broadcast about racial bias in real estate appraisals.  We know this is not a new topic and previous stories that have aired have been extremely one sided and not from the appraiser’s… Read More: It’s Just Responsible Journalism »

New Legislation Impacting Appraisers

  House Bill 53 has been introduced into the 2024 Virginia General Assembly, directly impacting Virginia Real Estate Appraisers. The legislation introduced by R. Lee Ware places a statute of limitations for damages against appraisers and appraisal management companies at 5 years.     SUMMARY AS INTRODUCED: Actions against real estate appraisers or appraisal management… Read More: New Legislation Impacting Appraisers »

Are They Finally Listening?

The CFPB is reviewing bias in Automatic Valuation Models (AVMs). The proposed rules are a joint effort by the Consumer Financial Protection Bureau, the Office of the Controller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration and the Federal Housing Finance Agency. These agencies are concerned AVMS may reflect bias… Read More: Are They Finally Listening? »

Action Required Now

Reminder to Comment – Only Four Days Remain! The FTC is asking for public comments on the consent decree by the Louisiana Real Estate Appraisal Board. The time line to comment is short and ends on July 22, 2021. VaCAP asks each of you to take a few minutes and read the consent decree as… Read More: Action Required Now »

Have a Seat Please

              “If you don’t have a seat at the table, you are on the menu.”     Would it be misleading to disclose you performed a personal inspection of a property done with significant appraisal assistance in which you relied on supported demographics? Well maybe… The Appraisal Foundation has… Read More: Have a Seat Please »