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
Calling someone a millennial is just as enjoyable as someone calling me a baby boomer. Placing your employees in generational buckets is not particularly helpful to your financial institution. In credit departments, I know “rock star” and “sloth” employees, bothRead more
Is your appraisal workflow and vendor management system in-line with your financial institutions interconnected strategic initiatives? Linda Tuck Chapman is the author of Third-Party Risk Management, Driving Enterprise Value. It’s an excellent read for those in the strategic relationship spaceRead more
RealWired is excited to announce our new YouConnect Chief Compliance Consultant, Heidi Lee, MAI, MRICS, AI-GRS. Heidi says it best, ”I spent 18 years enhancing appraisal department process to facilitate loan production, while protecting the bank safety and soundness throughRead more
Software is software is software. Key to an effective solution isn’t only the specific technology, but its implementation. Customer service is key to facilitate your credit department to be “up and running” with best practices. There’s a reason that mostRead more
If you’re looking out for your client (inside and outside of the bank); you might consider getting up from your desk and looking out the metaphorical window. How does the credit department provide their paramount checks and balances risk managementRead more
When I’m networking with commercial real estate professionals, the question of “When is the next crash?” often comes up. Maybe it’s human nature. My current local market in the Tampa Bay area is performing very well, in most if notRead more
What makes an appraisal credible? How about an evaluation? Any valuation product that flows through your credit department needs to be credible. Don’t cross your fingers and hope for the best. Appraisals and evaluations need to be clear and notRead more
A major shift in commercial valuation methodology is quietly underway. More qualitative versus just quantitative. Simply Psychology defines qualitative as data collected through participant observation and interviews and quantitative data as analyzed through numerical comparisons and statistical inferences. With someRead more
