We Watched the Committee Hearing about Appraisals, So You Don’t Have To

by Taylor Hughes | Jul 12, 2019 | Industry News

On June 20, 2019, Congress held a hearing under the U.S. House Committee on Financial Services called “What’s Your Home Worth? A Review of the Appraisal Industry.” The hearing was supposed to discuss solutions on topics such as: De Minimis Threshold for FRTs,...

E&O Risks: Should You Accept a Hybrid Appraisal Request?

by Taylor Hughes | Apr 12, 2019 | Industry News

A hybrid appraisal (HA) entails a number of E&O risks due to its potential conflict with USPAP rules. Extreme caution should be taken prior to performing an appraisal based on information collected by an anonymous field inspector, especially if the intent of the...

The Pros and Cons of Banking and Nonbanking Loans

by Taylor Hughes | Feb 21, 2019 | Industry News

You may already have a good idea of the difference between banking and nonbanking loans. However, this article contains some great information that can help you act ethically when dealing with nonbanking loans. Banking Versus Nonbanking Loans From the actual appraisal...

Why Real Estate Appraisers are better than AVMs

by Taylor Hughes | Feb 8, 2019 | Industry News

Digital home value estimations could be officially accepted over an appraisal from a real live real estate appraiser. In a world where technology is rapidly replacing human-placed jobs, this is a frightening horizon for all property appraisers. Is there really...