Want to know which resources are popular right now among your fellow real estate appraisers? McKissock’s Unlimited Learning Members enjoy unlimited access to a variety of online appraisal classes, videos, and tools. Let’s take a look at the most-used resources among our appraisal membership…
Quality training is crucial when it comes to bringing up the next generation of appraisers. The S.T.A.R.T. program (Standards to Assure Responsible Training) is an appraisal training technique developed initially in 2011. It aims to 1) ensure integrity and credibility, and 2) provide a…
Many appraisers report that they’d like to spend less time on email. The task of providing status emails eats up time in the workday and tends to be more complex and time-consuming than typing a quick email reply. Status requests from AMCs typically require…
Apparently, a misunderstanding has led to shrinkage of the appraisal business—and a clarification might allow it to flourish again. For the past several years, a common complaint has been that the appraisal industry is aging, and that the influx of new appraisers (such as…
The US housing market may be in trouble. One author argues FHA mortgage insurance premium pricing is not likely to drop, despite what others have predicted. Marcus by Goldman Sachs® and HouseCanary roll out a home addition calculator for homeowners considering renovations. Freddie Mac…
There is only so much work that one appraiser can do in one day. If you’re ready to take your business to the next level, hiring an appraisal assistant can save time and enable you to complete more reports every month. An assistant or…
Hard stops are data “errors” that cannot be overridden by the lender. When the UAD and the UMDP were first implemented, lenders were allowed to override errors that would pop up when they did their check of the report. Eventually, Fannie Mae and Freddie…
Whether finished or unfinished, the presence of a basement will almost always have an impact on the overall value of a home. Here are six basic, but critical, rules for appraising basements. As you consider the value of basements, keep these important steps and…
On August 29, Freddie Mac released Bulletin 2018-13 which officially confirmed what almost everyone had already suspected—they are following Fannie Mae’s lead in eliminating the requirement for appraisers to include the 1004MC (Freddie Mac Form 71) as an attachment to appraisal reports. In…
Today about 70–80% of all residential appraisals are ordered by appraisal management companies. In the 2015 National Appraiser Survey by the Allterra Group, 55% of appraisers said the majority of their work came from AMCs. With that volume of engagement, working with AMCs is almost…
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