The difficulty arises because appraisals
are issued in the name of the lender who orders it, which effectively makes it the property of that lender.
Patricia Staebler, SRA, is the winner of the 2017 Swango Award for her article, "The 50% FEMA Rule Appraisal
," published in the Fall 2017 issue of The Appraisal
McClellan, SRA, is the owner of Milne-Allen Appraisal
Along with the regulatory environment intensifying for appraisals
in the mortgage industry came a heightened need to utilize technology for compliance.
Commercial appraisers said the top five areas of growth in the next one to two years are mortgage lending appraisals
, land valuation, litigation valuation/ forensic appraisal
, real estate consulting and right-of-way/easements.
Fahrenholz demand an appraisal
, which he did expecting that this would expedite the settlement and would be less expensive and quicker than a lawsuit.
When making business decisions, "clients have limited resources and thus have to depend on the reviewer to ensure the appraisals
are reliable," Mann says.
, feedback, and development; making performance review work, 4th ed.
1.170A-13(c)(5) to make appraisals
of the type of property being valued; or (2) after Oct.
Within the identity confirmation process, there are two situations in which the identity holder may experience stress: (1) when there is a discrepancy between reflected appraisals
and the identity standard and (2) when there is an interruption in the process (both discussed in more detail below).
Most lending, leasing and insurance companies will only accept appraisals
from a qualified, certified appraiser who follows the rigid standards of the appraisal
standards board and the Uniform Standards of Professional Appraisal