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…
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. A little over a year ago, after…
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…
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…
The National Appraisal Complaint Hotline is scheduled to go live on March 29th. 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…
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…
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. Our reputation in the…
Should we as consumers get lumped into one specific category or should we be viewed as individuals with different ideals, values, and lives? The obvious answer here is that we should be looked at as individuals because that is what we are. Different things motivate each one of us in a different way. We all run our daily lives differently with respect to our jobs, family, and finances. As human beings…
Texas recently conducted a study on Appraisal Management Companies and Real Estate Appraisers. 1584 appraisers and 55 AMCs were surveyed on various aspects of valuation services. The questions were designed to determine the following: Clearly distinguish between the fees paid to appraisers by Appraisal Management Companies and fees paid by non-AMC clients for residential appraisals. Capture any difference in fees paid by property type: single family, condominium, size or square…
Since the implementation of the Dodd-Frank Act in 2010, there has been much debate over whether is it actually helping the current housing crisis or simply complicating it for everyone involved with no real benefit. This comes from not only the appraisal side, but mortgage servicers and other housing industry professionals as well. While I think everyone can agree a move had to be made and this bill had good…