PAREA Update

[Non Sequitur]

Starts at the 34:00 minute mark. Wish someone would have asked why they aren’t trying to diversify the certified general side.

 

[djd09]

oh i see now. the racist independent appraisers shouldn't teach the next generation. got it. isn't fall 2 old, 2 white, and 2 male?

 

[Elliott]

When VP Harris used the 'equity' word on who should get help first from Hurricane Ian, I thought, that sounds familiar. And I wondered how "equity" will work in appraising. So will all appraisals need "equity" consideration or just some properties (and how will that be determined). And how will the appraiser know this is an "equity" situation, since we typically don't know or meet the borrower, and the seller isn't necessarily the "buyer." I'm just curious how PAVE is going to accomplish their equity goal.

 

[OSU Beavers]

 

[OSU Beavers]

 

[djd09]

Appraisal Business Fears Modernizing And Newcomers​

Appraisers also need to mitigate appraisal bias

A panel that included Julie Giesbrecht, senior policy analyst with FHFA, Elizabeth Green, chief strategy officer with Appraisal Logistics, and Jillian White, head of growth with Aloft Appraisal, discussed those topics and more.

What You Need To Know​

“The appraiser’s role doesn’t change. He’s still there,” said White. “The skills and responsibility might change, but he still needs to ensure that the data is accurate.”


Green added that modernization will actually help because it allows them to spend more time analyzing data. “With desktops and hybrids they could be on vacation and do an appraisal as long as they are comfortable with the data,” she said.

Green added that modernization will actually help because it allows them to spend more time analyzing data. “With desktops and hybrids they could be on vacation and do an appraisal as long as they are comfortable with the data,” she said.

​

“A lot of bias is baked in. Bias is ingrained. We need to recognize that.”

– Elizabeth Green, Appraisal Logistics

https://nationalmortgageprofessional.com/news/appraisal-business-fears-modernizing-and-newcomers

i cant stop laughing

 

[djd09]

Approved Appraiser Panel​

Appraisal Logistics is one of the few Nationwide AMC’s that permit the Client to provide and manage an exclusive Approved Appraiser Panel. You provide the Appraisers that you have established relationships with. We will only work with Appraisers on your list. We will not, under any circumstances, blend in outside Appraisers unless instructed to do so by your management team. You maintain and set the limits of your Approved Appraiser Panel, with the ability to limit their coverage areas. Appraisal Logistics understands the significance in maintaining the long lasting relationships with the Appraisers that you have become accustomed.

Appraisers - Appraisal Logistic Solutions, LLC

gotoals.com

bias? what bias? i cant stop laughing.

 

[Bobby Bucks]

...........................................

 

[Bobby Bucks]

At the end of the day, will this improve anyone's position other than the bureaucrats?

 

[Non Sequitur]

At the end of the day, will this improve anyone's position other than the bureaucrats?

Nope. And this has been my #1 issue with PAREA; It takes training (and the future) away from us and hands it over to bureaucrats.