Appraisal Institute reposted this
https://lnkd.in/gPy-2wWz Review the Appraisal Institute ‘s Op-Ed on the FHFA paper on Time adjustments.
About us
The Appraisal Institute is the leading professional association of real estate appraisers. The Appraisal Institute’s Code of Professional Ethics and Standards of Professional Practice comprise requirements for ethical and competent practice, and advance equal opportunity and nondiscrimination in our profession. Our work includes an array of professional education and advocacy programs, and stewardship of the highest level professional credentials in residential and commercial real estate appraisal. We encourage members and non-members alike to comment here, and contact us any time. Welcome to all!
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http://www.appraisalinstitute.org
External link for Appraisal Institute
- Industry
- Non-profit Organizations
- Company size
- 51-200 employees
- Headquarters
- Chicago, IL
- Type
- Nonprofit
- Founded
- 1932
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Chicago, IL 60606, US
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Updates
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Appraisal Institute reposted this
We at the Appraisal Institute appreciate the support of the National Association of REALTORS® .
Yesterday, NAR wrote the FHFA asking it to halt the recently announced expansion of the GSEs' appraisal waiver programs in lieu of further analysis and public input. NAR policy supports independent valuations of real property performed by state credentialed appraisers as best practice, however in some low-risk situations, the amount of existing data and technological advances have led to the offer of appraisal waivers. When the risk level prompts the GSEs to require verification of that existing data, they are now offering inspection-based waivers, where a property data collection (PDC) is gathered and submitted to the GSEs. This expansion, slated to begin January 1, raises the eligibility from 80% LTV to 90% LTV for appraisal waivers with no property data collection and 97% LTV for inspection-based appraisal waivers. The inspection-based waiver program is fairly new, with little published data about the program or results thus far. More concerning is the silence from the GSEs on any efforts for data security or other avenues of systematic abuse of these programs. Finally, there was no opportunity for public input on the expansion of this program. While waivers might have benefits, they could also harm consumers and introduce risk to the market that outweigh any benefit. Read the letter here: https://lnkd.in/e-KXqEpV
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💡 Renew Early and Reap the Rewards! Time is ticking! Renew your Appraisal Institute membership by January 6, 2025, and enjoy a FREE 7-hour online course (on-demand only, excludes USPAP). Renew today to unlock: ✅ Exclusive benefits ✅ Industry-leading education ✅ Advocacy that protects your profession Don’t wait—secure your benefits for 2025 and keep thriving in your career. Renew Now https://lnkd.in/geXF-CEZ
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Expand Your Skills as a Commercial Appraiser! Dive into our detailed training offerings tailored for both emerging and seasoned commercial appraisers. Choose from immersive in-person sessions or flexible online formats to best suit your professional needs. 🔹 Explore advanced valuation techniques 🔹 Engage with top commercial appraisal professionals 🔹 Acquire actionable expertise and knowledge https://bit.ly/4g9ky3H
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Enhance Your Expertise as a Residential Appraiser! Join us for our comprehensive training sessions designed for both novice and experienced appraisers. Whether you prefer instructor-led in-person learning or the convenience of online courses, we have you covered. 🔹 Master the latest industry standards 🔹 Learn from leading appraisal experts 🔹 Gain practical skills and insights Secure your spot today: https://bit.ly/3VwMHdd
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📘 New Release Alert! 'A Guide to Appraising Religious Properties' by Brad Carter, CRE, MAI, CCIM, CDEI is now available. Dive into this comprehensive guide essential for anyone in the real estate and financial sectors who handles religious properties. Unlock expert insights and advanced valuation techniques today. Check it out: https://lnkd.in/gHZe65TD #RealEstate #Appraisal
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Recently, a HUD-funded billboard campaign stated, “Home appraisals should be based on property, not people.” We wholeheartedly agree. Bias in appraisals is not only unethical—it’s illegal. However, this campaign unfairly targets a profession built on independence, impartiality, and consumer protection. In a powerful response, Sandra K. Adomatis, SRA, President of the Appraisal Institute, clarifies the critical role of appraisers, addresses misconceptions, and highlights the need for meaningful policy change to support housing equity. Read Sandra’s full letter and learn why appraisers are key advocates for fair and objective valuations 👉 https://bit.ly/490vHl6
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We recently voiced concerns to the Federal Housing Finance Agency about expanding appraisal waivers for high LTV loans, a move that could impact both consumers and the appraisal profession. We remain steadfast in protecting the interests of our members and ensuring a stable housing market. Read more: https://lnkd.in/gHCfr8XQ
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