Access appraisal tips, trends and other information to grow your career.
A farm appraisal can be much more challenging than a residential appraisal, and usually requires a broader scope of knowledge. Farms and farmland are appraised for the same variety of reasons that a home or a commercial property might be. But an accurate appraisal…
As a professional appraiser, it is simply not possible to eliminate liability entirely. Rather, the goal is to manage your liability. You can start by being aware of the level of risk involved in different types of appraisals. Some assignments come with higher liability…
Interested in pursuing an appraisal career or advancing your career in the appraisal profession? Education plays a crucial role along the road to becoming a licensed appraiser and beyond. McKissock is proud to be a leader in education for real estate appraisers. In this…
Fannie Mae alerts the industry to mortgage fraud schemes involving the falsification of borrower employment. U.S. home prices continue to increase in all 50 states. The VA’s Deputy Director of Loan Guaranty Services is working hard to improve the homebuying process for veterans. Plus,…
The purpose of the Uniform Appraisal Standards for Federal Land Acquisitions, colloquially known as the Yellow Book, is to promote fairness, uniformity, and efficiency in the appraisal of real property in federal acquisitions. Those words permeate the philosophy expressed in the Standards. Regardless of…
There’s been a lot of buzz about the “Yellow Book” lately in the appraisal industry. If you are new to the profession, or if you’ve simply never performed a Yellow Book appraisal, you may be curious about what it is and why it’s important.…
As a result of the last U.S. economic crisis, a lot of people now know a lot more about the secondary mortgage market. Before the crisis, the secondary mortgage market was a mystery to most Americans, and it was only really important to mortgage…
Earlier this week the House passed the Economic Growth, Regulatory Relief and Consumer Protection Act, colloquially known as the Dodd-Frank rollback bill. The Allterra Group announced the release of its 2018 AMC Directory. And Fannie and Freddie issued a joint press release announcing plans…
Fannie Mae and Freddie Mac have issued a joint press release formally announcing what many industry insiders already suspected—the GSEs are planning revisions to the Uniform Appraisal Dataset (UAD) and their appraisal reporting forms, including the Uniform Residential Appraisal Report (URAR). The GSEs have…
Desktops, alternative valuation products (AVPs), and other limited scope appraisals are on the rise. While it is difficult to predict the future of the appraisal profession, the fact is, desktop appraisals are here now. And they’re becoming more commonplace. Many non-lender clients—and some lenders—are…
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