Lady Justice carrying a sword and set of scales reflects a symbol of U.S. courthouses. The blindfold represents objectivity and impartiality. With the unprecedented health and economic crisis bringing marching orders to help individuals and companies get much needed fundingRead more
Crucial Data Most of the information analyzed in an appraisal report is gathered by the appraiser in his/her research. But some property-specific data must be provided to the appraiser by either the bank or the borrower. Appraisers have contracted deadlines,Read more
Thanks to all that attended our Annual YouConnect Users Forum. We appreciate everyone’s feedback to our technology roadmap and looking forward to rolling out new features. Everyone enjoyed the leadership training presented by Tampa’s own Adjunct CEO, Dean Akers. TheRead more
Commercial Evaluations are being prepared by in-house bank staff, brokers, accountants, AMCs and third party vendors. Noticeably absent are commercial appraisers, the professionals best suited to provide credible Evaluations. Why appraisers? Competence, credibility, reliability, ethics and independent, to name aRead more
Should commercial appraisals emphasize a particular client’s risk perspective? For financial institutions, chief appraisers are concerned about collateral risk. Its impact on the quality of loan origination. For buyers, addressing potential investor red flags for proper due diligence is paramount.Read more
As a job manager or chief appraiser at a bank, appraisal workflow can be handled by Outlook/Excel, outsourced to AMCs or third-party workflow platforms. Sometimes when we’re talking with prospects about our workflow platform YouConnect we hear, “Yeah, we’re good”Read more
Teamwork is defined as a collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way. Simple enough, but are the team players on your appraisal department engaged? ARead more
Is your Credit Department leading the lending department to the future or are you following them there? This take on Jeff Bezos’s quote could be your mantra for the rest of your career. If all decisions are made through aRead more
The Appraisal Foundation has recently issued a Practical Application of Real Estate Appraisal. You’ve heard of FIRREA, now there’s PAREA. I think the motivations are sound; the Appraiser Qualifications Board (AQB) created a first exposure draft highlighting the challenges ofRead more
The Dow plummeted 800 points yesterday. Should you turn to Jack Daniels or a yoga mat? Anecdotal information about the economy from your uncle at a party is not reliable. However, a recent semi-annual conference of portfolio managers from GoldmanRead more
