IVSC

APRIL 12, 2024

CAS-IVSC International Valuation Conference 2024 The China Appraisal Society (CAS) and the International Valuation Standards Council (IVSC) recently co-organised an international valuation conference, hosted by the Shanghai National Accounting Institute (SNAI) from 11 – 12 April 2024.

Intangible Assets 130

Intangible Assets Banking Appraisal Finance 130

Brian DeChesare

DECEMBER 20, 2023

If you want to know how to get an investment banking internship, it’s simple: Start very, very early and have a great “Plan B” if something goes wrong. And yes, you read the news correctly: Banks like RBC, DB, Houlihan Lokey, Rothschild, and Guggenheim opened 2025 summer internship applications in calendar year 2023. Corporate banking.

Banking 96

Banking Start-ups Finance Corporate Finance 96

Appraisers Blog

MARCH 9, 2024

What you need is 60,000+ appraisers willing to walk off of the job until AMCs are abolished. banking lobby is the most powerful and well funded lobby in America. banking lobby is the most powerful and well funded lobby in America. Do you think they will be willing to surrender billions in annual AMC profits to lowly appraisers?

Appraisal 73

Appraisal Banking 73

Appraisers Blog

MAY 2, 2024

I am a Real Estate Broker owner and a Certified Residential Appraiser in California. I was an appraiser even before licensing , so have seen several different real estate markets since the 1970’s to the present. My appraisal work plan shifted during Covid when I received 30-40 calls day for an appraisal.

Appraisal 66

Appraisal Banking Marketability 66

Appraisers Blog

JANUARY 1, 2024

I am not encouraged by the fact that our largest local bank has appraisal fees listed on their web page at $450. I was considering coming out of retirement and taking on one order per week just to stay active. You can bet that I would be asking top dollar for my work.

Appraisal 95

Appraisal Banking 95

Appraisers Blog

MARCH 6, 2024

Pay attention to announcements of failing banks and then look at how the big banks are doing -[link] – Ask yourself why would the financial services industry have as their mission statement to reduce appraisal fees to 10 years ago and encourage 3rd party inspections.

Appraisal 71

Appraisal Banking 71

BV Specialists

OCTOBER 9, 2023

Like many professions, the appraisal industry is full of acronyms that only those well-versed in the lingo can identify at first glance. It is considered a universally accepted appraisal measurement and is also used in accounting circles. EBITDA considers a wide range of factors in business finances.

Appraisal 87

Appraisal EBITDA Business Valuation Banking 87

Appraisers Blog

JANUARY 6, 2023

The appraisers are the convenient scapegoats every time. Anytime the real estate market takes a hit, 99% of the time it is because of banking and lending practices. The appraisers are the convenient scapegoats every time. A Low Appraisal is Now a Bad Appraisal A low appraisal is now a bad appraisal.

Appraisal 78

Appraisal Banking Marketability 78

Appraisers Blog

AUGUST 5, 2023

I am a RE Appraiser with 33 years of experience. I am not biased- I am on the VA panel and approved with every major banks fee panels, I am not biased in any way. You come in low on a value in the homeowner’s eyes (they are uneducated about appraisals) and they are now going “Defcon 5” on appraisers.

Appraisal 88

Appraisal Banking 88

Appraisers Blog

FEBRUARY 21, 2022

As Real Estate Appraisers, we are encountering an assault on our profession from the GSE’s with the hybrid appraisal reports, the rollout of the new desktop product and with appraisal waivers. As appraisers, we need. Related Posts: Are You a Hybrid Appraiser? Big banking is counting….

Appraisal 84

Appraisal Banking 84

BV Specialists

JULY 17, 2023

Determining if you need to engage with an independent professional business appraiser will commonly arise when you are looking to purchase or sell a business. Bank (Re)Financing: Virtually every bank or related lending institution will require an appraisal for loan purposes.

Appraisal 78

Appraisal Banking Finance Business Valuation 78

Appraisers Blog

FEBRUARY 5, 2024

I would need to see as an independant appraiser how “Pam Plus” works, how it will benefit me and how I can get the “retail and wholesale” lenders in my market to buy in.

Appraisal 52

Appraisal Banking Marketability 52

Appraisers Blog

NOVEMBER 8, 2023

My friend, I’ve spent 40 years in the Real Estate business, including 30 as an appraiser. The Banks don’t WANT protection, they want to make money. An we don’t need no stinking property appraisal. To do that, they simply want to do every deal they can, and sell off the paper. We don’t got no Badges.

Appraisal 75

Appraisal Banking 75

Appraisers Blog

SEPTEMBER 22, 2023

I’ve been a full time appraiser for 40 years and have wrestled with many changes that have taken place. I think that most of us enjoy the appraisal process, just not the garbage that we have to endure from AMC’s and such. Now, the push is for these banks to be bought out by the big guys.

Appraisal 75

Appraisal Banking 75

Appraisers Blog

JANUARY 3, 2024

The GSE’s are rigging the game against the appraisers. Over-appraised that house? They all b h about the lack of appraisers, appraisers leaving the industry, lack of trainees, and appraisers refusing difficult/rural assignments. But a few more DEI classes and USPOOP training will fix you silly appraisers.

Appraisal 56

Appraisal Banking 56

N Contracts

FEBRUARY 7, 2023

The federal regulatory agencies started off the year with a bang with a record-setting redlining settlement, the denial of a bank application, and a warning of potential limits on the nation’s biggest banks. Then there’s all the guidance and proposals.

Banking 52

Banking Appraisal Compliance 52

Appraisers Blog

MARCH 19, 2024

Unfortunately, the banks have all the gold. In reply to Mary T Thompson. Hybrids and AVMs are here to stay. The old saying is the one who has the gold is the one who makes the rules.

Appraisal 80

Appraisal Banking 80

Appraisers Blog

JANUARY 4, 2024

This has been going on for sometime and it is not just the fault of the “outsiders” Appraisers are at fault as well and it started in the late 80’s and early 90’s when some appraisers created the “puppy mill affect”, those that have been appraising for the last 30 to 40 years know what I am talking about.

Appraisal 71

Appraisal Start-ups Banking 71

IVSC

JULY 31, 2023

Drawing the conclusions from the global financial crisis, the Basel Committee on Banking Supervision (BCBS) published in December 2017 new requirements for the valuation of real estate for lending purposes in the context of the so-called ‘Standardised Credit Risk Assessment Approach’ (SCRA). The new Article 229 CRR reads: 1.

Banking 246

Banking Appraisal Marketability 246

Appraisers Blog

APRIL 29, 2024

Article quote: The bank had received an ultimatum from Fannie: Either the bank or the appraiser must buy back a mortgage originated by the bank and later sold to Fannie Mae. In reply to Spencer Paul.

Banking 65

Banking Appraisal 65

Appraisers Blog

APRIL 16, 2024

So they charge us $30 and place 1/2 the money into a straw bank account. These portal fees are shared with the lenders. Let’s say ABC Portal charges $15 but the lender also wants $15 for each order. I was told this directly from one of the portals we all use. Blows my mind! They do not see any wrong in it.

Appraisal 74

Appraisal Banking Marketability 74

BV Specialists

NOVEMBER 21, 2022

You may answer this by claiming there is no benefit to having a formal appraisal completed until you absolutely have to. If there is no requirement such as for bank/SBA financing, new investor buy-in, partner dissolution, sale of the business, or other ownership shifting events, then is it really necessary?

Appraisal 84

Appraisal Banking Compliance Finance 84

Appraisers Blog

AUGUST 5, 2023

I am a RE Appraiser with 33 years of experience. I am not biased- I am on the VA panel and approved with every major banks fee panels, I am not biased in any way. You come in low on a value in the homeowner’s eyes (they are uneducated about appraisals) and they are now going “Defcon 5” on appraisers.

Appraisal 68

Appraisal Banking 68

Appraisers Blog

MAY 16, 2022

This is especially true in the Real Estate Appraisal profession and the newly introduced H.R. Bill entitled: Fair Appraisal and Inequity Reform Act of 2022. Are You a Hybrid Appraiser? We won’t take appraiser trainees, but we’ll take real estate trainees. Big banking is counting…. Dear ASC: Details.

Appraisal 74

Appraisal Banking 74

Appraisers Blog

AUGUST 5, 2023

I am a RE Appraiser with 33 years of experience. I am not biased- I am on the VA panel and approved with every major banks fee panels, I am not biased in any way. You come in low on a value in the homeowner’s eyes (they are uneducated about appraisals) and they are now going “Defcon 5” on appraisers.

Appraisal 66

Appraisal Banking 66

Appraisers Blog

MAY 10, 2023

It’s very simple, the mortgage banking industry has been trying to get rid of appraisers for as far back as I can remember. The bottom line is no one in the banking industry wants appraisers because they can’t bypass the appraisal process until now. Good observations. Great idea! This is brilliant.”…

Appraisal 64

Appraisal Banking 64

Appraisers Blog

JUNE 12, 2023

As Baggins noted, finding a law firm that is not afraid of taking on the banking lobby (AMCs) is the key. We must convince a firm that appraisers are willing to go out and sign up homeowners for the class action in order to be taken seriously. Appraisers are the only wild card in this gamble.

Appraisal 63

Appraisal Banking 63

Appraisers Blog

FEBRUARY 29, 2024

Should property data collectors who inspect properties & provide information to real estate appraisers be licensed by state appraiser boards?

Banking 68

Banking Appraisal 68

Appraisers Blog

FEBRUARY 1, 2024

The Interagency Appraisal and Evaluation Guidelines clearly state that the AMC is an agent of the bank/lender. And, the bank/lender is responsible for ensuring any 3rd party vendor they use for ordering appraisals complies with all federal laws. In reply to Seneca.

Banking 97

Banking Appraisal Marketability 97

Appraisers Blog

FEBRUARY 6, 2024

I did a VA appraisal some years ago, and the same bank wanted a different appraisal on a different property. The box checking AMC’s that ‘QC’ the appraisal before delivering to client have 2 revisions. If you’ve been doing this racket for long enough you’ll have handfuls of these stories.

Appraisal 54

Appraisal Comps Banking 54

Appraisers Blog

JULY 14, 2022

If the allegations are true, it means the think tank, under the general’s watch, was secretly taking illicit cash from at least one outside interest group at a time it was engaged in research that irreparably damaged the reputation of the nation’s real estate appraisers. Racial Bias in Real Estate: Is it the Appraisers’ Fault?

Appraisal 103

Appraisal Banking 103

Appraisers Blog

JUNE 10, 2023

I agree the second (usually higher) appraisal is not always the correct one. It was the one the bank and homeowners wanted but not reality in many cases. Valuation should not change based upon the color of the Appraisers skin and/or the homeowners, but if it does that is biased appraising.

Appraisal 65

Appraisal Banking 65

Appraisers Blog

AUGUST 12, 2023

Mary, I had an itchy feeling that banks are stirring all. They are crying that appraisers are too expensive. What is a percentage of an appraisal cost today per the mortgage cost, vs. 10/20/30 years ago? Banks set the appraiser fee. They decide who gets the mortgage, but the appraisers are blamed.

Banking 93

Banking Appraisal 93

Reynolds Holding

AUGUST 7, 2023

On July 18, 2023, Federal Reserve Vice Chair for Supervision Michael Barr cautioned banks against fair lending violations arising from their use of artificial intelligence (AI). Vice Chair Barr noted the interagency work on adapting CRA regulations and evaluations to address technological advancements in banking.

Banking 40

Banking Appraisal Technology Compliance 40

Appraisers Blog

APRIL 21, 2024

Apparently they don’t realize home owners share their prior appraisals, or we have to go behind desktop appraisers who aren’t geographically competent, nor do they realize banks ask for reviews on appraisals. Pretty much everyone on the Florida coast. It’s highly confusing. Bring back common sense!

Appraisal 92

Appraisal Banking Marketability 92

Appraisers Blog

OCTOBER 11, 2022

Loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify for so-called appraisal waivers… It feels like Ground Hog Day all over again. Dozens of loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify. That was in 2016. Wells Fargo at It Again!

Appraisal 90

Appraisal Banking Finance 90

Appraisers Blog

AUGUST 24, 2023

If you think that just because you’ve been appraising for 35 years with no adverse legal consequences, that this kind of thing couldn’t happen to you, you’ve been out in the field too long. Who says that appraisal (if there even is one) is more credible, or even credible at all? In reply to hammering hank.

Appraisal 67

Appraisal Comps Banking 67