The Nationwide-Appraisal.com Internet Blog

New CFPB rules got you down? Wondering if you can still earn a paycheck? Pay your mortgage and save for your kid’s college? Rest assured although it may be challenging, there is still income to be made for mortgage professional. Of course the days of easy money, big rebates and neg-am loans may be gone, that’s not necessarily a bad thing. It has cleaned our industry of lots of dead weight and made room for the true mortgage professionals that have always been out there and who have survived the turmoil.

As an appraisal management company, not only is important to make sure our clients are happy with our service, but it’s just as important that we make sure our client’s clients are happy with our service.  With a network of over 6500 appraisers located throughout the entire United States, I’m sure you can imagine the magnitude of trying to manage such a service.

As a national appraisal management company with a footprint of over 10,000 appraisers located in all 50 states, we tend to believe that there is a benefit for most by making use of our service.  From compliance to vendor management to quality control, the services we provide work to serve those who place compliance and saving time and money at the top of their priority list when it comes to running their respective companies.

As a national Appraisal Management Company we are constantly working with new and existing clients to ensure everyone is getting the most out of their experience in working with Nationwide Appraisal Network.  The first part of creating a successful start of a new relationship is to have a good understanding of our client’s goals and objectives in entering into this partnership.  Understanding values and direction allows us to create a profile to work from in order to customize features and options within our platform that will help them in reaching those goals. 

The National Appraisal Complaint Hotline is scheduled to go live on March 29^th.  The American Society of Appraisers (ASA) and the National Association of Independent Fee Appraisers (NAIFA) wrote a letter to the Appraisal Subcommittee (ASC) urging them to delay the implementation of the appraisal complaint hotline system.  This may come as a shock, since the whole idea behind the hotline was to protect appraiser and Appraiser Independence.  So why are two national appraisal organizations fighting it?  The ASA and NAIFA strongly feel this has been poorly designed and will have severe ramifications to appraisers and state licensing boards.  Among the concerns:

Do you ever have questions regarding FHA guidelines, requirements and policies?  If you’re like most appraisers and lenders in the industry, the answer is yes.  Fortunately, FHA released an updated Frequently Asked Questions (FAQ) publication for Valuation Protocol.  This is a very helpful tool for both appraisers and lenders.  As an appraisal management company, we see lots of these questions on a daily basis coming from both sides.  With FHA continually revising
their protocol, staying up to date with every checkpoint is challenging to say the least.  At Nationwide Appraisal and Settlement Network, we make it our business to keep ourselves up to date for you.  When a lender calls with a question regarding an FHA appraisal, we have the answer.  Our appraisers even trust us enough to call with questions and discuss scenarios with our staff appraisers to gain insight and determine how to proceed.  Below are some of the most common questions that come across my desk answered by FHA…

Nationwide Appraisal Network recognizes that, for a variety of business-related reasons, it is not in our best interests to have anything other than good relationships with our network of real estate appraisers. Just like clients and staff, appraisers are part of the structure on which our business is built, committing to treat them fairly and with respect. We believe this is a SMART approach to business.

When in search of a vendor to partner up with in your everyday business, do you think it’s useful to know how that vendor values knowledge, training, and overall development of their people?  Especially when that vendor is tasked with preserving compliance and quality as part of the process that has an effect on your overall product? 

Are you a real estate appraiser looking to mentor someone and bring on an apprentice?  Or perhaps looking to begin a career in real estate appraising and unsure where to start?  If so, you’re in luck because the Appraisal Qualifications Board (AQB) released a Q&A earlier this month regarding supervisory and trainee appraiser education.  They are developing a new required course slated for 2015.  Some of the questions answered: