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NEWS YOU CAN USE

June 24, 2016

The Appraisal Foundation: The Appraisal Practices Board (APB) has adopted the following APB Valuation for Financial Reporting (VFR) Valuation Advisory - APB VFR Valuation Advisory #2: The Valuation of Customer-Related Assets.

June 16, 2016

The Appraisal Foundation: The Appraisal Foundation Announces Elections and Appointments for the Board of Trustees and Appraisal Practices Board. Click here to view the article. 

June 9, 2016

Training: FHA Appraisals Live Training. Friday, June 24, 2016, 9:00 am - 11:30 am EST. Department of Housing and Urban Development, Boston Regional Office, Thomas P. O’Neill Federal Building, Classroom B, 10 Causeway Street, Boston, MA 02222-1092. Click here to register.

National Mortgage News: Are Appraisal Changes Putting FHA Loans at a Disadvantage? By Brad Finkelstein. Reposted with permission of National Mortgage News.

The Appraisal Foundation
: The Appraiser Qualifications Board (AQB) has issued the following June Q&A's


June 1, 2016

The Appraisal Foundation: The Appraisal Standards Board (ASB) invites you to its upcoming Public Meeting on June 17, 2016, in Indianapolis, Indiana. Register here.

May 25, 2016

The Appraisal Foundation: The Appraiser Qualifications Board (AQB) will hold a Public Meeting in Las Vegas, NV on Friday, June 24, 2016. Please take a moment to register for this meeting if you plan to attend. The meeting is being held Friday, June 24, from 9 am - 12 pm at the Las Vegas Marriott, 325 Convention Center Drive, Las Vegas, NV. 89109. Click here to register. 

May 23, 2016 

Working RE: AQB Proposes Alternative to College Degree Requirement. Article by Isaac Peck. Posted with permission from Working RE.
 
May 18, 2016

USPAP Flexibility at a Glance: Click here to view.

The Appraisal Foundation:
 The Appraiser Qualifications Board (AQB) seeks your input on an Exposure Draft of Proposed Changes to the Real Property Appraiser Qualification Criteria. The comment deadline is June 17, 2016. The AQB will also accept comments at its next public meeting in Las Vegas, Nevada on June 24 , 2016. 

To access the exposure draft click here.

To register for the AQB public meeting in Las Vegas, Nevada, click here

May 17, 2016

The Appraisal Foundation: On April 13, 2016, the ASB published the First Exposure Draft of proposed changes for the 2018-19 Uniform Standards of Professional Appraisal Practice (USPAP). Click here to view.

May 11, 2016

Fannie Mae's New FAQ's: Click here to view Fannie Mae's new Appraisal and Property Related FAQ's. 

May 9, 2016

The Appraisal Foundation: The Appraisal Practices Board (APB) of the Appraisal Foundation has issued the following: First Exposure Draft: Valuation of Green and High Performance Property: Commercial, Multifamily and Institutional Properties.
All interested parties are encouraged to comment in writing to the APB before the deadline of June 20, 2016. 

Email: apbcomments@appraisalfoundation.org

Fax: 202-347-7727

Mail:
Staci Steward
The Appraisal Foundation
1155 15th Street NW, Suite 1111
Washington, DC. 20005

May 4, 2016

The Appraisal Foundation: The Appraisal Foundation is pleased to announce that the Appraisal Practices Board (APB) has adopted the following Valuation Advisory: APB Valuation Advisory #7: Valuation of Green and High Performance Property: One to Four-Unit Residential. 

April 28, 2016

The Appraisal Foundation:
The Appraisal Foundation has issued the First Exposure Draft of proposed changes for the 2018-19 edition of the Uniform Standards of Professional Appraisal Practices.

The Appraisal Foundation:
The Appraiser Qualifications Board (AQB) will hold a Public Meeting in Las Vegas, NV on Friday, June 24, 2016. To register click here.

The Appraisal Foundation:
2016 AQB Public Meetings
  • June 24
  • August 25 - Web-based
  • November 18
The Appraisal Foundation: On April 8, 2016, the Appraiser Qualifications Board (AQB) held a public meeting in Phoenix, AZ. The meeting provided the AQB opportunity to hear public comment in response to the Discussion Draft - Potential Areas of Change to the Real Property Appraiser Qualification Criteria (Criteria). In addition, the Board provided an update on the following AQB programs:
  • National Uniform Licensing and Certification Examinations
  • Course Approval Program
  • Graduate/Undergraduate Degree in Real Estate Review Program
The AQB received over 270 written comments in response to the Discussion Draft issued on February 11, 2016. The Discussion Draft contained potential areas of change to the Criteria, focusing on the following areas:
  • Alternative Track for Licensed Residential to Certified Residential 
  • Enhanced Practicum Curriculum 
  • Documenting Alternative Experience
  • "Trainee" Nomenclature 
  • Three-Year Supervisory Residency Requirement

To review the Discussion Draft and public comments on it, click here

March 29, 2016

Appraisal Buzz: A Shortage of Appraisers? Article by David Bunton. Re-posted with permission by Appraisal Buzz. 

March 22, 2016

The Appraisal Foundation: The Appraisal Standards Board (ASB) has issued March Q&A's for the 2016-17 edition of USPAP on the following topics:
  • Public Trust
  • Appraising Two Lots as One (Prior Q&A 2015-12 Revised)

March 9, 2016

The Appraisal Foundation: On February 19, 2016 the Appraisal Standards Board (ASB) held its first public meeting this year. The Board discussed the Discussion Draft – Potential Areas of Change for the 2018-19 edition of the Uniform Standards of Professional Appraisal Practice, which includes potential revisions, as needed, in the following areas of USPAP:

  • Communication of Assignment Results
  • STANDARD 6, Mass Appraisal, Development and Reporting
  • Definition of assignment
  • Review of the terms assumption and extraordinary assumption
  • STANDARD 3, Appraisal Review, Development and Reporting
  • Review of Standards Rules 7-2(c), SR 7-5, and 8-2(v)
  • Review of Standards Rule 8-3
  • Review of Advisory Opinions 1, 18, 21 and 31
  • Other edits to improve clarity and enforceability of USPAP

The Board is also reviewing the overall presentation of USPAP, considering its future format and design. The Board believes it is fulfilling its work plan and addressing the needs of appraisers and users of appraisal services by considering any potential revisions to USPAP. 

Click here for the meeting summary. 

February 22, 2016

The Appraisal Foundation: The Purpose of the Appraisal Practices Board (APB) and information regarding recent topics discussed. Click here to view article. 

February 15, 2016

The Appraisal Foundation: The Appraisal Standards Board (ASB) has issued February Q&A for the 2016-2017 edition of USPAP on the following topics: Is Turnaround Time an Assignment Condition. Click here to view.
 
January 27, 2016

Working RE: AMC Fined Over C&R Fees. Click here to read. Posted with permission from Working RE. 

January 20, 2016
 
NAIFA: NAIFA: NAIFA, ASA, ASFMRA Ask CFPB to Take Notice of Possible Increase in Appraisal Threshold, and to Exercise Right to Review Any Increase. Click here to read more. 

The Appraisal Foundation: The Appraisal Foundation is pleased to announce that the Appraisal Standards Board (ASB) has issued the Discussion Draft of Potential Areas of Change for the 2018-19 edition of the Uniform Standards of Professional Appraisal Practice.  

The Appraisal Foundation: The Appraisal Practices Board (APB) of The Appraisal Foundation has issued the following: First Exposure Draft – Valuation of Green and High Performance Property: 1-to-4-Unit Residential.

The Appraisal Foundation: The Appraisal Foundation Seeks Candidates for the Board of Trustees and the Appraisal Practices Board. Application Deadline - March 11, 2016.
  • To learn more about the vacancies on the BOT and review a list of qualifications, please click here
  • To complete an online application for the BOT, please click here.
  • To find out more about the vacancies on the APB and review a list of qualifications, please click here.
  • To complete an online application for the APB, please click here.




 

ASSOCIATION NEWS

June 17, 2016

NAIFA Issues White Paper on FIRREA Title XI: NAIFA and ASA have authored a white paper addressing the proposed redefinition of FIRREA Title XI.  NAIFA believes that the proposal under consideration would irreparably change the current national appraiser regulatory and operational system.

To read the full White Paper, click here. To read a covering letter signed by NAIFA and ASA, click here. To read a one page synopsis, click here. Finally, if your organization would like to endorse the White Paper by becoming signatory, please contact John D. Russell, JD, Director of Government Relations for NAIFA and ASA, at jrussell@appraisers.org or 703-733-2103.

May 6, 2016

2016 National Conference: Registration is now open for the 2016 National Conference. For more information about the conference, click here. To register for the conference and take advantage of the early bird rates, click here.

January 5, 2016

AHP Insurance: NAIFA Members now have access to individual health insurance options. Click here to learn more.

December 29, 2015


NAIFA Weighs In on Appraisal Threshold Issue

The OCC, Board, and FDIC are conducting a review of the regulations they have issued in order to identify outdated or otherwise unnecessary regulatory requirements imposed on insured depository institutions, as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). EGRPRA requires the Agencies to organize the regulations into categories and publish groups of categories for comment. In a notice published in the Federal Register on December 23, 2015, the Agencies are seeking public comment on regulations in the following categories: Rules of Procedure; Safety and Soundness; and Securities. 

Click here to view the December 23 Federal Register notice seeking stakeholder comments on several appraisal rules  (including the appraisal threshold issue).  Comments are due by March 22, 2016. 

NAIFA has already submitted written comments on this issue, strongly opposing a threshold increase.  Our letter to CFPB Director Cordray advises him of the Agencies’ clearly stated interest in considering a threshold increase and asks him what specific steps he intends to take pursuant to Dodd-Frank and when to review any such action.  Our letter cites the statements of FDIC officials showing their interest in a threshold increase and urges that the Bureau intervene in the process now.  NAIFA members are encouraged to review the issue and express your thoughts directly to the responsible Federal Agencies.


November 23, 2015


 

A La Mode Give Back Code: While making any A La Mode purchase be sure to enter the code AFFNAIFA at checkout and A La Mode will give back 1% of proceeds to NAIFA.

October 28, 2015

 


Breaking News!

2015 Award Winners:

Educator of the Year - Nena W. Henderson, IFA
Appraiser of the Year - Lou Bonato, IFA
Paul A. Wetzel Outstanding Service Award - Terry Clark, IFA


New Line Officers:

President Elect - Dave Doering, IFA
Treasurer - Rob Luciani, IFA


New Board Members:

Michael Lange, Sr., IFAC
Gregory Zieba, IFAS

 

 

ANNOUNCEMENTS

Managing your NAIFA profile:

Think of your online NAIFA profile as an online resume. Like a resume, your NAIFA profile provides your contact information, experience, education, professional recognition, skills/qualifications, and much more. Your NAIFA profile is your online advertisement to over 700,000 annual visitors to NAIFA's website. Be sure to keep it up-to-date and accurate to ensure that when people are looking for an appraiser - they find you!
Click here to learn how to manage your online profile.

 

 

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National Association of Independent Fee Appraisers
330 North Wabash Avenue, Suite 2000, Chicago, IL 60611
Phone: 312-321-6830 Fax: 312-673-6652 Email:
info@naifa.com

If you are looking for the National Association of Insurance and Financial Advisors, an unaffiliated insurance & financial association, click here.