Tag Archives: Appraisals

InHouse, Inc., a provider of appraisal management services, has announced the promotion of Jennifer Creech to CEO and president. Creech had been serving as the president of InHouse since 2010. In the CEO role, she replaces Tim Ngyuen, who is now focusing his efforts solely on business development for InHouse. Since joining the company in 2009, Creech has leveraged her 20 years of senior management experience in mortgage lending to help fuel the company's growth.

Veros Real Estate Solutions and JVI Solutions LLC announced the launch of VeroINSIGHT this week. It&'s a comprehensive property condition report to address new regulatory guidance surrounding collateral evaluations. According to the two companies, VeroINSIGHT goes beyond existing collateral evaluation products by uniformly capturing aspects of the property's current condition, as well as its general marketability.

The auditorium at one of the Monday morning sessions of the Five Star Default Servicing Conference and Expo gasped when Ron Nation, founder and CEO of JVI Solutions, LLC presented two very different looking images of an REO. ""Do your best to avoid the drive-by appraisal,"" said Nation, referring to the pictures. Panelists stressed that accurately and reliably determining an asset's value can not only turn into more business, but can preserve neighborhoods.

StreetLinks Lender Solutions says the company can ensure compliance with phase one of the Uniform Mortgage Data Program (UMDP) for appraisals ordered through both its full-service AMC solution, LenderPlus, and self-managed appraisal software platform, LenderX. All appraisals on loans destined for Fannie Mae or Freddie Mac are now required to comply with new Uniform Appraisal Dataset (UAD) requirements. StreetLinks requires that appraisers provide their assessments in the UAD-compliant format.

The state of Hawaii has enacted House Bill 320, a statute that permits a licensed real estate broker or real estate salesperson to prepare broker price opinions (BPOs) and charge a fee for their service. Under previous legislation, if a real estate licensee charged a fee for a BPO other than the commission involved in the normal sale of a property, then the licensee was in violation of the state's legal code for real estate appraisals. The change, which took effect in July, came about through a unified effort by a number of industry groups, and it's been a long time coming.

Axios Valuation Solutions, LLC has just made the appraisal process smarter with the introduction of its new mobile application for smart phones and tablets. The new application will be offered to Axios' nationwide appraisal network and will allow the appraiser to receive, accept, or decline orders in real time. Appraisers can even view a map of the property location.

Axis Appraisal Management Solutions announced Monday that it has appointed Ron Simmons, SRA, as its chief appraiser and director of valuation services. Simmons brings to Axis a range of experience in the appraisal and technology business fields. He operated an appraisal practice for well over a decade and is a certified residential appraiser in the Northern California area.

Pro Teck Valuation Services recently announced that Sarah Baldo has been promoted to sales VP, reporting to Ed Hunter, executive director. Baldo joined Pro Teck in 2009 as a senior account manager. The company says her success has led to an expanded role in sales. Prior to Pro Teck, Baldo had been at UBS Investment Bank and Clayton Holdings.

Kirchmeyer & Associates, Inc., a national appraisal and valuation company, recently announced that Bill Waltenbaugh has joined its ranks as chief appraiser. Waltenbaugh is a certified appraiser with more than 20 years of appraisal experience and holds an SRA designation with the Appraisal Institute.

Washington Mutual Inc.'s former executives, underwriters, and auditor reached a $208.5 million settlement in a class-action lawsuit by investors. The Seattle-based institution was the largest U.S. bank to fail, and this settlement is one of the largest resulting from the financial crisis. The class-action suit combined more than 20 cases in which investors claimed the bank misrepresented its financial condition when its loans began to fail after careless underwriting and inflated appraisals.