If you are considering a career in the appraisal field, you may be curious about how long it takes to get licensed and start earning an income as a real estate appraiser. The exact answer will vary due to a number of factors, including…
Fannie Mae’s Collateral Underwriter (CU) program is intended to give lenders access to the same appraisal analytics that Fannie Mae uses in its quality control process. It performs an automated risk assessment of appraisals submitted to the Uniform Collateral Data Portal (UCDP) and returns…
Housing competition edged up slightly in September, with bidding wars heating up across the nation. Rumors are circulating about a possible end to GSE appraisal waivers. The new USPAP publication for 2020-21 is now available, and it has some cool new features. Plus, have…
There are many reasons to choose a career in real estate appraisal. We recently surveyed members of our appraisal community to find out about how they got into the business. Many appraisers also shared why they chose their career path. Below, real-life appraisers share…
Today’s luxury homebuyers are downsizing, prioritizing quality over space. Many are seeking luxury condos in great locations with eco-friendly features and top-of-the-line lifestyle amenities. Luxury condominium developers are recognizing the importance of including ‘wellness’ amenities and providing a luxury experience for their residents. New…
It seems only a few short years ago that demand for large properties, mega-mansions, private estates, and luxury ranches were all the fashion. But the younger generation, especially Millennial millionaires, are shying away. Here, we look at the changing face of the luxury home…
Organization is key to maximizing efficiency and productivity in any industry. Real estate appraisers, in particular, are always on the lookout for ways to save time and increase the number of orders they complete each month. Here are five appraisal management software platforms that…
Many builders and property owners are utilizing earth-friendly materials and construction techniques such as adobe, cob, rammed earth, poured earth, earth-bag, strawbale, cordwood, bamboo, and Earthship. It is recommended that appraisers become familiar with these types of green building materials and techniques. 1. Adobe…
The House overwhelmingly passed the appraisal bill known as the Homebuyer Assistance Act of 2019. Alternative valuations could drive up costs for real estate consumers. A coalition calls for the elimination of the DTI requirement from QM lending rules. Some housing markets are more…
If you’re a licensed trainee entering the appraisal business, finding a supervisor can be a challenge. Many real estate appraisers don’t have the time to mentor a beginner. Sometimes they fear that the newcomer, once fully trained, will become a competitor. However, this is…
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