Within the last several days, HUD/FHA and VA have both issued updated guidance for appraisers regarding appraisal scope of work and COVID-19. HUD issued Mortgagee Letter 2020-05 on March 27, 2020. On a temporary basis, appraisers are permitted to perform desktop or exterior-only inspection…
In response to the COVID-19 crisis, Fannie Mae has posted Lender Letter 2020-04 (LL-2020-04), which permits temporary revisions to GSE appraisal requirements in this time of national emergency. This Lender Letter can be found here. Fannie Mae and Freddie Mac have been working together…
On March 16th, 2020, the Department of Veterans Affairs (VA) issued Circular 26-20-7 which includes guidance for appraisers regarding COVID-19. Many government entities have advised that all non-essential businesses should close at this time, in order to avoid spreading the virus. Large numbers of…
This is a reprint from the Appraisal Buzz Blog and can be found here. Social media, whether we approve of it or not, is beginning to evolve the marketing game. From giant corporate restaurants to your local mechanic, there is almost always a Facebook page…
How can you make your real estate appraiser resume as impressive as it can be, if you’re an appraiser looking to be employed by a bank? How about if you’re an aspiring appraiser looking for a company that will hire you as a trainee?…
This article was first published in the Fall 2019 Edition of Appraisal Buzz Magazine. “In the Trenches… Appraiser Stories” is among one of the favorite sections for our readers. Appraisers share their crazy tales ranging from unexpected “guard dog” animals to testifying for murder. These…
Ever since the residential appraisal threshold increase passed in November 2019, luxury homes are becoming a safe haven for appraisers. Not only are these homes typically above the new threshold ($400,000), but they are more complex to appraise, making automation difficult, if not nearly…
This is a reprint from the Appraisal Buzz Blog and can be found here. When it comes to social media, it’s easy to spot a comment or status that will make you say, “I can’t believe they said that for the world to see.”…
So, you’re contemplating a career switch to commercial real estate appraising? What goes into the process and what skills are necessary to make that transition smooth? The following is my attempt (and I use attempt very loosely because there a myriad of things that…
It’s no secret that the general public does not have a thorough understanding of the appraisal profession, even though the work of appraisers has a profound effect on people’s lives. At McKissock, we not only want to be a go-to resource for appraisers, but…
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