Commercial Evaluations, A Perspective
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 a few. Only about 20% of appraisers (smaller firms) currently provide Commercial Evaluations for their bank […]
The true cost of, “Yeah, we’re good”
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” and “If it’s not broke, don’t fix it.” Understandably, you’re busy. Very busy. There’s little […]
Team Appraisal Department
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? A recent Dale Carnegie white paper suggests that; “Engaged Employees (EE) are a competitive advantage, and […]
Create the most value
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 a client-focused lens, you maximize value for your financial institution. But how do you create the […]
Commercial Appraiser Trainees – Bueller? Bueller?
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 of traditional supervisor/trainee model for gaining commercial appraisal experience. It’s an important topic for financial institutions’ […]
Give a voice
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, both millennials and baby boomers. The topic is really more about the quality of employees. It’s […]
