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Appraiser Lists

May 5th, 2014 by Bill Collins Leave a reply »

Lists, Lists, Lists has featured many appraisal and real estate related lists during the past five years.  We have reported on many of Zillow’s lists, for example, including their list of the cities with the greatest home price recovery and list of top seller markets (as well as their list of the most romantic cities in the U.S.). Clear Capital’s list of the 15 best and 15 worst housing markets was released yesterday and a link to this is found later in this newsletter. Lists are quick and easy reads which can offer useful insights without the information overload that we are all subjected to today.

It’s all about balance.  As appraisers, it is our duty to stay well informed with the issues and market conditions related to the properties we appraise.  It is important for us to take the time to read lengthy articles, study complex reports and check our in-box for breaking news essential to providing competent appraisal services.

Occasionally it can be helpful to just view summaries of the massive content out there on the web without digging in too deeply.  Doing this might help stimulate our thinking, leading to an altered perception resulting in a deeper investigation of one or more of these list items.

In this issue, we offer an assortment of different top 10 (or top 5 or top 7) lists for your consideration.  As mortgage appraisal assignments continue to decline (see Mortgage Bankers Association report in “Rates and Dates” below) it is important for appraisers to evaluate the changes needed in their business and marketing plans to succeed in the future.  For this reason, we have selected a number of lists related to technology, marketing and motivation.

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10 Professions/Industries that Tech Will Put Out of Business and Technologies Which Will Become Antiquated

In an article in this past weekend’s New York Times titled “A Vision of the Future From Those Likely to Invent It”, Claire Cain Miller and Chi Birminham summarize a series of interviews with seven tech gurus in which they offer their visions of the near future.  The following is a list of 10 professions/industries and common technologies which are predicted to disappear or become antiquated:
~Higher education
~Diamond mining
~Consumer banking
~Automotive service industries
~Airline pilots
~Computer mouse and keyboard
~Hand-held smartphones
Note: Appraisers did not make the list.
A link to the Times’ article is found here: A Vision of the Future From Those Likely To Invent It

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AppraiserNews is a FREE publication, supported by advertising and sales of products designed to help appraisers support and grow their businesses. Please consider supporting us today by seeing what we and our sponsors have to offer.

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"Remember, Persistence Pays Off. Stay Motivated With These 7 Tips."

This posting by Neil Steggall, CEO of Wardour Capital Partners, from April 23rd was found on LinkedIn and included these 7 tips for achieving complicated or difficult goals:
~Hold firm to your vision.
~Train Your Mind to focus on your vision.
~Grow Stronger.
~Be Reliable.
~Complete the Task.
~Never, Ever, Ever, Give Up.
A link to more complete explanations of Mr. Steggall’s tips is found here: Remember, Persistence Pays Off. Stay Motivated With These 7 Tips

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Newly Released!

Appraiser Help has Released its 2014 Directory of AMC’s and National Appraisal Companies. Click the link above to learn more and to download your copy today!

Appraiser Help’s 2014 Directory of AMCs and National Appraisal Companies is Now Available!

To help appraisers evaluate how AMCs will work for their appraisal practices, we have compiled this expanded directory of AMCs and National Appraisal Companies, listing complete, contact information and other details for each listing.

If you’re looking to maintain or expand your mortgage appraisal practice, our Directory of Appraisal Management and National Appraisal Companies is a great place to start. Order it today for $69.99 and download it immediately!

Please visit our website now to make your purchase securely or contact us at (877) 434-2825 for more information on this comprehensive directory!

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How to STAND OUT In The Marketplace

Vocus, a Nasdaq listed marketing and public relations company, posted this list last Friday of 5 ways to set your business apart from the competition:

~Technology Differentiation
~Price/Quality Differentiation
~Product Differentiation
~Customer Service Differentiation
~User Experience Differentiation 

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7 Avoidable Problems That Are Stressing Out Your Marketing Employees

Cambridge, Massachusetts based marketing and sales software company HubSpot suggests that these 7 areas are problematic in the marketing efforts of many firms:
~Marketers are stringing together too many different tools.
~Marketers are publishing to social media in real time, all the time.  
~Marketers are running out of budget and aren’t sure what to do without it.
~Marketers are strapped for ideas and resources to keep creating new content.
~Marketers are spending too much time formatting emails.
~Marketers are still waiting to hear back from the website designer.
~Marketers don’t know which metrics to report on…or how to report on them.
A link to HubSpot’s May 1st posting is found here:

7 Avoidable Problems That Are Stressing Out Your Marketing Employees

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10 Things You Might Not Know About Superman

Last Friday, Mike Devlin posted the above list on the site  Appraisers, like Superman, have always stood for “truth, justice and the American way” so let’s take a look at some Superman facts we might have missed.  These include:
~Superman could not always fly but was “able to leap tall buildings with a single bound”.
~In 1938, the rights to Superman were sold by the inventors to Detective Comics for $138.  Is this not a perfect example of the tendency of sellers to be “pennywise and pound foolish” in not seeking out the services of a professional appraiser in providing assistance to set an appropriate asking price and expected sale price?

A link to Mr. Devlin’s list is found here:
10 Things You Might Not Know About Superman

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Reader Comments

Seattle appraiser Margo Henson of Market Appraisal writes:

“I noted that Bill Caffrey said the in-house systems of banks ‘have a small list of appraisers’ that they use.  What most appraisers in the industry don’t understand is that before the end of the first year of HVCC, the AMCs designed a system that allowed just that for all their clients.  Each client has a small preferred list of the appraisers they want to use inside their ordering platform.  They only go off that list to their large accumulation of appraisers if the few appraisers in a specific lender’s list don’t perform in a certain area or do a specific type of property.

For instance, in order to get S______ AMC to order to you for a certain lender, you as an appraiser have to get that lender to call S_______ AMC and put you on ‘their list’ inside of their system.  This is true for most of the AMCs.  I asked ‘Is there a minimum number of appraisers they have to have on their list?’  Answer, No. So there could be two or three appraisers on a lender’s list and they are effectively still choosing the appraiser.

Why can’t this be stopped so they truly have to rotate through a large group of appraisers?” 

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Recent Real Estate Reports

Yesterday, Clear Capital released their Home Data Index Market Report for April which included geographic breakdowns along with breakdowns by “tier”.  Clear Capital reported that prices within the “top tier” were now 18.2% down from the market peak and “low tier” properties were down 21.5% from the peak prior to the financial and housing crash.  They noted that while “real estate is local again”, “early signs show the spring buying season is off to a tepid start”.  A link to this report (which includes a list of their 15 best and 15 worst housing markets) is found here: Clear Capital Market Report

Black Knight also released their monthly Mortgage Monitor report yesterday which found a substantial decline in the number of distressed loans and underwater borrowers.  They reported a total of 3,840,000 delinquent loans or properties in foreclosure in March, down from 4,997,000 in March of 2013.

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Rates & Dates

Freddie Mac, the Mortgage Brokers Association (MBA) and HSH Market Trends reported that mortgage interest rates generally declined in their most recent surveys. 

On May 1st, Freddie Mac reported that 30-year fixed-rate mortgages fell to 4.29% from 4.33% the previous week. They also noted that last year at this time the 30-year rate was at 3.35%. 

The Mortgage Bankers Association (MBA) reported on April 30th (for the week ending April 25th) that 30-year rates with conforming loan balances ($417,500 or less) were unchanged from the previous week at 4.49%.  The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,500) fell to 4.37% from 4.41%.  Rates for FHA backed mortgages also declined, from 4.20% to 4.17%. 

Mortgage applications fell by 5.9% with the composite index (inclusive of purchase and refinance applications) dropping to its lowest level since December 2000.  Purchase applications declined by 4% from the previous week and were 21% less than one year ago.  Refinance applications fell by 7% to the lowest level since 2008 with the share of refinance applications as a percentage of all applications falling from 51% to 50%.

On May 2nd, HSH Market Trends reported that 30-year mortgage rates dropped to 4.38% from 4.42% the previous week. Rates for FHA-backed mortgages also fell, from 4.10% to 4.09%.

Last Friday, HSH also released their Two-Month Mortgage Rate Forecast, a link to which is found here: The HSH Two-Month Mortgage Rate Forecast

Additional information from Freddie Mac can be found by going to: Primary Mortgage Market Survey PMMS – Freddie Mac

Additional information from the Mortgage Bankers Association can be found by going to their site at: Research and Forecasts – Mortgage Bankers Association

Additional information from HSH can be found by going to: HSH.Com

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Ask Angie

We would first like to congratulate our most recent winner: New York appraiser Peter Pappas of Pappas Appraisal.  Pete is the second winner in a row from New York, following recent repeat winners from California and Florida.  Pete was the first to answer correctly that Matt Cutts said "Don’t reinvent the wheel. Most stuff worth writing has been written already. Just link to it"; Mark Twain was responsible for the quote "In the Spring I have counted 136 different kinds of weather in 24 hours”; and Robin Williams quipped "Spring is nature’s way of saying ‘Let’s party!"

Today’s Questions:

1. Who said: "Order and simplification are the first steps toward the mastery of a subject.”
a) Matthew McKissock
b) Horace Mann
c) Thomas Mann
d) Henry David Thoreau
e) None of the above

2. Who said: "Whatever the mind can conceive and believe, the mind can achieve.”
a) Tony Robbins
b) Dale Carnegie
c) Napoleon Hill
d) Zig Ziglar
e) None of the above

3. Who said: "The only way to do great work is to love what you do."
a) Alex Rodriguez
b) John Boehner 
c) Steve Jobs
d) Warren Buffett
e) None of the above

The first person to respond with the correct answers wins a choice of one of the following:

One Free Regular Listing on

A Free Copy of the Newly Released 2014 Directory of Appraisal Management Companies (Available to Members of and FREE!)

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Tell us what you think!

We invite your responses to any of the issues raised in this newsletter. Please e-mail us at: with your thoughts!

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We really hope you find our newsletter to be informative!  If you have any input on future topics for discussion, please email me your questions and I will do my best to address them in the next issue.  If you want to look back at past issues you can see our archive at


Bill Collins, Appraiser Help Inc.

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