Posts By: Keith Morgan

Topics for Appraisers to Avoid with Homeowners and Borrowers

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During an inspection, it’s common for an appraiser to start a conversation with the property owner while viewing the property. It’s a natural situation when silence can be awkward. Occasionally, it can be helpful for the appraiser to be able to ask questions regarding the property, such as learning the date of recent repairs or… Read more »

Google Glass: A Useful Tool for the Real Estate Appraisal Industry? Envision this!

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A new technology, Google Glass, is on the testing market as a new breakthrough from Google. Google Glass allows “wearers” to use a computer anywhere, hands free. Google Glass is worn as glasses; however there are no lens, nothing except a small computer device with an optical head-mounted display. What exactly does Google Glass do?… Read more »

House Members Seek One-Year Delay of Mortgage Rules Slated for January 2014 Implementation

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In a November 5th, 2013 letter to Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), one hundred and eighteen members of the U. S. House of Representatives expressed their concern about the implementation of mortgage rules that are to become effective in January. Of particular concern is the Ability to Repay and Qualified… Read more »

USPAP – What is it Exactly?

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USPAP is the acronym for Uniform Standards of Professional Appraisal Practice.  You often hear the term USPAP, either in the context that an appraisal must be USPAP compliant or that an appraiser needs to make revisions to a report in order for the report to be compliant with USPAP.   The specific certifications that are found… Read more »

GSE’s Finding Problems with Residential Appraisals

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Valuation Management Group is committed to keeping our clients and appraisers informed about the latest information relative to the appraisal industry. Freddie Mac and Fannie Mae began requiring the utilization of the Uniform Appraisal Dataset “UAD” 2 years ago to standardize the residential appraisal format. Fannie Mae recently conducted a sampling of appraisals and determined… Read more »

What is the Difference in Manufactured Housing and Modular Housing?

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Valuation Management Group often is asked, “What is the difference between manufactured housing and modular housing or in our review of the appraisal?” Our purpose of this blog is to bring clarity to the identification of manufactured or modular housing. Present day (post 1976) manufactured housing, and oftentimes erroneously referred to as mobile homes, is… Read more »

What to Look For in an Appraisal Management Company

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When clients are looking for an appraisal management company (AMC) there are several critical factors to consider. An appraisal management company is a bridge between clients and appraisers and the quality of work provided is of most importance. Here at Valuation Management Group, an AMC that manages appraisal orders and technical reviews for 42 of… Read more »

Why is There a Lack of First-time Home Buyers?

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Where the housing market stands is a prime topic of discussion these days; where does the market stand and has it improved are questions asked almost every single day. One common topic lately tends to be on first-time home buyers and why there are less of these buyers recently. Is there just a lack of… Read more »

What Do Appraisers Really Do?

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  For many years, the appraisal process has been seen by many as mysterious. Valuation Management Group would like to take this opportunity to give an overview of the process of the appraisal. When an appraiser “inspects” a home or property, the inspection is really the “tip of the iceberg” of the work to be… Read more »

The Appraisal Process; How Can I Avoid Unexpected Delays?

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Lenders are under a lot of pressure to meet deadlines more than ever due to mandatory requirements to make disclosures to consumers and pending expiration dates for a lock on a specific interest rate around which an entire deal is structured.  Meeting deadlines is critical in today’s environment.  What can you do, as a lender,… Read more »