The GSE’s have mandated that all appraisals be submitted in the UAD format; however, currently there are no plans to provide appraisers access to this data. This data needs to be provided to appraisers at the beginning of the appraisal process; ensuring transparency, and improving the process by reducing risk to lenders and the general public.
November 2014 Blog Posts
a la mode and National Data Collective Form Partnership to Offer Real Estate Data Services to Appraisers
In Willemsen v. Mitrosilis (DJDAR 13957, Oct. 16, 2014), the California Court of Appeal, Fourth Appellate District, Division Three held that a third party purchaser of real estate (purchaser) was unable to maintain a claim for negligent misrepresentation against the lender’s real estate appraiser (appraiser) since the appraiser did not intend to supply the purchaser with information to influence his decision to purchase the appraised property.
Representatives of several independent state professional appraiser organizations met in Chicago, Illinois on Saturday October 11th, to further discuss collaboration on issues affecting their membership. The network, which started as a conversation among three State appraiser organizations less than a year ago, now comprises 16 such State Organizations which is expected to continue growing.