Up your appraiser game with scoring
Commercial appraisers lament about doing bank work. I’m not sure why. Often it represents 60% of the total sales volume of a typical firm. Yes, they have reviews. Yes, the fees are competitive. A more productive mindset would be to serve them better. It may come to a surprise for some appraisers that your bank […]
Act your wage
The No. 1 fear for many appraisers is making a mistake. A reviewer catches a mistake in your report that has a substantial impact on your market value conclusion. “I can’t believe the report went out like that.” As an appraisal manager, the lender calls very angry about the “low value” and you have to […]
Roll the dice on inflation
Has your appraisal volume spigot turned off? A hard stop? What about your personal stock investments? Tanked? Own any crypto? Oof. Who really understands the impact of inflation and interest rates on real estate? Appraisers do, but what about investment alternatives? Inflation and real estate alternatives The following are some thoughts from my financial planner. […]
What’re you tolerating
You’ll never change what you tolerate. Late appraisals, laborious word processing and copy/paste fatigue. As a commercial fee appraiser, why do you tolerate these headaches? As a bank appraisal manager, are you tolerating unhappy appraisers that dislike your AMC, lack of transparency for lending and no reporting for your C-Suite? What walls are created from […]
Elevate your appraisal department
Your bank’s C-Suite likely has been tasked with digital transformation. How does your appraisal department fit into this strategic vision? Successful banks are changing into experience driven organizations. An appraisal and environmental platform needs to be aligned with this goal and a truly personalized experience. The platform needs to provide insight to easily understand your […]
What do you want?
By 2025, what do you want to achieve, both personally and professionally? This blog will not mention USPAP. Nor FIRREA or cap rates. I won’t discuss anything to do with commercial valuation. Nope. You’re already very good at what you do. Today’s message is learning, being curious, that leads to goal setting. Here’s a very […]
