Clients are increasingly asking for limited scope appraisals—that is, appraisals that require a scope of work that is less than the traditional “full” appraisal. When faced with one of these assignments, you may be uncertain as to what you’re permitted to do, and how…
Keeping track of new developments in your industry is crucial for success in any professional discipline. Continued education is particularly important in your role as an appraiser. Insightful real estate and appraisal related blogs have valuable information that can help you become a master…
Disciplinary complaints against appraisers have become more frequent over the last several years. Of course, not all appraisal complaints result in disciplinary action. If you have had a complaint issued against you, you’re probably curious about how it will be handled. Let’s take a…
It’s no secret that appraisers spend a lot of time in the car. Whether you’re driving to and from subject properties or sitting at your desk back at the office, podcasts are a great source of entertainment, info, and industry insights. Pop in your…
Appraisal templates can save you time, ensure consistency, and even help you comply with USPAP. They can also get you into trouble if you aren’t careful. Follow these quick tips to make the best use of your appraisal templates. 1. Use them! Most appraisers…
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…
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…
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…
The Fannie Mae Selling Guide is a comprehensive guide for lenders who sell loans to Fannie Mae. Although the Guide is targeted toward lenders, it also contains information that applies to appraisers. After all, the appraisal is an important part of the loan documentation.…
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