From the Credit Side – YouConnect Blog

I love the quote from Dwayne Cassius “King” Pride (played by Scott Bakula) on the show NCIS New Orleans, “learn things.”  It’s not very often that chief appraisers and credit officers get together to share best practices. But so very

There’s much chatter about the economic uncertainty generated by our current POTUS and how he (and the political machine) may impact borrowing and risk associated with business models and associated credits. The failure of passing health care reform and upcoming

Sadly the erroneous grouping of residential and commercial appraisers was baked into Dodd-Frank which in my opinion is the single largest negative influence to commercial appraisers. Dodd Frank is an enormous bill but its affect in our world has created

USPAP is intended not to betray public trust. However, if it is not sufficiently flexible to meet the pragmatic business needs then the market is forced to look to others (who are often less qualified than appraisers) to complete evaluations.

AMCs, appraisal management companies, fulfill an administrative function in the appraisal process effectively outsourcing the appraisal department. Professional AMCs do a good job in selecting the appraiser, handling the review process and delivering the report to the lender. Some commercial

I believe the single largest impact to commercial appraisers is for us to recognize that it is a business and not a trade. Providing customer service is the new normal. This equates to an appraiser understanding that the borrower, lender

Commercial appraisers sometimes have to quantify their market value opinions with an extraordinary assumption, defined as: presume as fact otherwise uncertain information about physical, legal, or economic characteristics of the subject property; or about conditions external to the property, such

A recent Economist article was titled, The world’s most valuable resource is no longer oil, but data. I can’t argue with that. Much of the article focuses on the antitrust of Alphabet (Google’s parent company), Amazon, Apple, Facebook and Microsoft,

The Society of Chief Appraisers (SCA) is a good indicator for the direction of the appraisal industry. It’s a volunteer organization of over 300 chief appraisers, credit and real estate officers. Its goal is to work together for the common

It’s often said that banking should be consistent, predictable and repeatable. Having a platform that addresses all three is key to offset regulatory costs. Uberization of banking might occur, though banks that invest and implement technology hold a competitive advantage