Is the Welcome Mat Down and the Door Opened Wide for Fraud? “What Appraisers Need to Know about Property Data Collection” is a topic of discussion in the latest Fannie Mae Newsletter. The article describes how property data is being collected and being sent to Fannie Mae to determine the type of valuation that is… Read More »
The information is on the website… They could have picked up the phone and called… They could have sent an email… They could have sent a fax… Did They? A recruiter for Mueller Services, Inc. (Mueller Reports) contacted a VaCAP member about joining their team as a W-2 employee to complete bifurcated appraisals. Our… Read More »
AppraisersBlogs has published an article this morning that is worthy of sharing. The article highlights a reason lenders want automated values and not appraisers. The reason may surprise you. Check it out for yourself. While you are there, please show AppraiserBlogs how much you appreciate their dedication to the profession by clicking a few Google… Read More »
Clarocity Cites Possible Upcoming Government Shutdown as Excuse to Delay Payments to Appraisers! From our Sister Coalition in Mississippi: “BEWARE if you accept any orders from Clarocity. I got a call from one of our members today telling me that Clarocity is citing the upcoming government shutdown as a reason appraisers may not get… 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 »
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 »