The Other Side of the Desk
Both commercial fee appraisers and chief appraisers (and their teams that support them) work incredibly hard. Yet somewhere along the way, both sides can lose sight of what the other actually does. Chief appraisers manage appraisal panels, oversee compliance programs, respond to FDIC and OCC examinations, train lenders, support credit administration, maintain policies, attend committee […]
Every Other Appraisal Gets Revised.
Commercial real estate has a friction problem and it can be summed up in a single number: 50%. Roughly half of all bank appraisal reports require revisions. That’s an uncomfortable amount of rework for an industry built on precision. If half of all airplanes had to return to the gate before takeoff, we’d call it […]
You’re not too old. You’re just under-challenged.
Older men often process life alone. They bottle up feelings, ask nothing and pretend everything’s fine. Health takes a backseat. Ignoring diet and exercise can lead to significant health issues, isolation and potentially depression. Somewhere between work, family and responsibility, older men unconsciously start to feel that they don’t matter. You feel like you’ve become […]
Intrinsic Motivation and the AI Revision Paradox
I often get blank stares when I ask appraisal firm owners, including national firms, what percentage of their AI budget is dedicated to reducing review revision rates. I understand why. Most AI investments are focused on streamlining report creation, company-wide market and comp data share and shortening turnaround times. Those are great goals and the […]
Learn the System. Move the Boat.
The valuation industry is stuck waiting for someone else to open the gates. Waiting for a perfect solution. Waiting for clearer standards. Waiting for better data. Waiting for fewer unknowns. Waiting while the industry changes anyway. Meanwhile, the water is already moving. I realized this recently while on a canal boat trip in the South […]
Go the extra mile
Every week at Realwired, we share one of our core values internally. Last week’s value was: “Go the extra mile.” Here’s what came to mind for me. A few years ago, I was at a restaurant in Charleston known for incredible service. My friends and I sat staring at the menu, unable to decide what […]