Online Payday Loans Online Payday Loans

Archive for the ‘Appraiser News’ category

Appraiser News: Changing Appraiser Qualification Criteria

June 14th, 2016

TUESDAY, JUNE 14, 2016

Time is running out. Appraisers, get your comments in.

We’d like to thank New York appraiser Bill Smolen, SRA, CSA-G for the following comments related to the upcoming deadlines (Friday, June 17, 2016 in writing, Friday June 24, 2016 at public meeting) for submitting comments to the AQB.  We know that this is an important issue for many of our readers.

Possible Changes in Real Property Appraisal Qualification Criteria.

One of the more controversial issues affecting the real estate appraisal profession over the last several years has been the more stringent requirements to become a certified appraiser which went into effect on January 1, 2015. These changes were actually adopted in December, 2011 by the Appraiser Qualifications Board (AQB), with the effective date being January 1, 2015. One of the new requirements was the necessity to have a Bachelor’s degree in order to attain Certified Residential credential.

Some appraisers feel this requirement is a positive factor, in that it brings a higher degree of professional qualification to the appraisal profession, which should translate into higher fees. Whereas other appraisers maintain it shuts the door on many applicants who would otherwise be interested in entering the profession, and is a toothless statutory requirement, as the necessities to being a high-quality real estate appraiser have more to do with being properly mentored, obtaining the necessary experience, and capability of using common sense and logic, and less to do with having a Bachelor’s degree, especially when it is so open-ended in terms of what field the degree is in. Some fields are obviously more relevant than others.

On May 18, 2016, the AQB, or Appraiser Qualifications Board, issued a first exposure draft of proposed changes to the Real Property Appraiser Qualifications Criteria. This draft was the result of a public hearing held in Washington, DC in October 2015, and the issuance of a discussion draft on February 11, 2016 by the AQB.

For those of you who may be wondering who or who or what the Appraiser Qualifications Board (AQB) is, the following appears in The Appraisal Foundation’s web site:

Under the provisions of Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), the Appraiser Qualifications Board (AQB) establishes the Real Property Appraiser Qualification Criteria (Criteria), or the minimum education, experience, and examination requirements for real property appraisers to obtain a state certification. Twice a year, the AQB issues Q&As on the Criteria to be used as guidance for state regulatory agencies and the public.  The AQB issues Exposure Drafts on proposed changes to the Criteria and obtains feedback at public meetings throughout the year in various regions of the country.

The draft of proposed changes issued on May 18, 2016 by the AQB and can be viewed by going to The Appraisal Foundation web site.

The draft is divided into 5 sections:

1) Alternative Track for Licensed Residential to Certified Residential

2) Enhanced Practicum Curriculum

3) Documenting Alternative Experience

4)”Trainee” Nomenclature

5) Three-Year Supervisory Residency Requirement

It is the first section that deals with the Bachelor’s Degree requirement for Certified Residential credential.

We strongly encourage all appraisers, reviewers, and any appropriately-related professionals read the draft, consider its proposed changes, and submit their comments to the AQB.

The following is copied directly from page 2 of the draft:

All interested parties are encouraged to comment in writing to the AQB before June 17, 2016. The AQB will also accept verbal comments at its public meeting in Las Vegas, Nevada on Friday, June 24, 2016.

Respondents should be assured that each member of the AQB will thoroughly read and consider all comments.

Written comments on this exposure draft can be submitted by mail, email and facsimile.

Mail: Appraiser Qualifications Board

The Appraisal Foundation

1155 15th Street, NW, Suite 1111

Washington, DC 20005


Facsimile: (202) 347-7727

IMPORTANT NOTE: All written comments will be posted for public viewing, exactly as submitted, on the website of The Appraisal Foundation. Names may be redacted upon request.

The Appraisal Foundation reserves the right not to post written comments that contain offensive or inappropriate statements.

If you have any questions regarding the attached exposure draft, please contact Magdalene Vasquez, Qualifications Administrator at The Appraisal Foundation, via e-mail at or by calling (202) 624-3074.

Bill Smolen is past president of the Columbia Society of Real Estate Appraisers, one of the 14 sponsors of The Appraisal Foundation. He can be reached at

​​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.

RedStone Advanced Analytics from Bradford Technologies

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.

Superior E&O insurance from the Landy Insurance Agency- click here to apply and receive your policy in about two hours!Random online posting: ”What happens if the Universe is not infinite and there is an actual edge…

Appraiser Help’s 2015 Directory of AMCs and National Appraisal Companies is Available for Download at a reduced price!

To help appraisers evaluate how AMCs will work for their appraisal practices, we have compiled this expanded directory of over 275 AMCs and National Appraisal Companies, listing complete, contact information and other details for each company.

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 at the reduced price of $49.99 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!

back top

Rates & Dates

Freddie Mac, the Mortgage Brokers Association (MBA) and HSH Market Trends reported mostly declining mortgage interest rates last week.

In their survey on June 9th, Freddie Mac reported that 30-year fixed-rate mortgages dropped to 3.60% from 3.66% the previous week. They also noted that last year at this time the 30-year rate was at 4.04%.

Sean Becketti, chief economist of Freddie Mac noted in the release that:

“Growing optimism about the state of the economy was quickly erased with May’s employment report. The disappointing release caused an immediate flight to quality resulting in the 10-year Treasury yield dropping 10 basis points on Friday… The 30-year fixed-rate mortgage responded by falling…This week marks the 10th consecutive week the 30-year rate has averaged under 3.7 percent, allowing an extended window for homebuyers to take advantage of these historically-low borrowing costs.”

The MBA reported on June 8th (for the week ending June 3rd) that 30-year rates with conforming loan balances ($417,000 or less) declined, from 3.85% to 3.83%.   The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,000) was unchanged from the previous week at 3.81%.  Rates for FHA backed mortgages increased, moving from 3.65% to 3.71%.

Mortgage applications increased by 9.3% from the previous period.  Refinance applications as a percentage of all applications moved down from 54.3% to 53.8%. The FHA share of applications increased from 12.5% to 13.0% and the VA share fell from 12.0% to 11.5%.

On June 10th, Market Trends reported that 30-year mortgage rates dropped from 3.75% to 3.68% and rates for FHA-backed mortgages also moved downward, to 3.52% from 3.57%.

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

Ask Angie

Angie would first like to provide the answers to her last contest: Andrew Lang was the author of the quote “He uses statistics as a drunken man uses a lamp post, for support rather than illumination”; Leo Tolstoy in Anna Karenina wrote “Spring is the time of plans and projects”; and William Shakespeare in All’s Well That Ends Well wrote “Love all, trust a few, do wrong to none”.

Today’s Questions:

1. Who said: “Float like a butterfly, sting like a bee”.
a) Muhammad Ali
b) Donald Trump
c) Hillary Clinton
d) None of the above

2. Who said: “If you even dream of beating me you’d better wake up and apologize”.
a) Muhammad Ali
b) Donald Trump
c) Hillary Clinton
d) None of the above

3. Who said: “Service to others is the rent you pay for your room here on earth”.

a) Muhammad Ali
b) Donald Trump
c) Hillary Clinton                                                                    d) None of the above

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

One Free Regular Listing on

A Free Copy of the 2015 Directory of Appraisal Management Companies (Available to Members of and FREE!)

back to top

Appraiser Help has Released its 2015 Directory of AMC’s and National Appraisal Companies. Click the link above to learn more and to download your copy today!

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!

back to top

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.

Appraiser Help Real Estate Appraiser Directory

Appraiser News Homepage

2015 Directory of AMCs and National Appraisal Companies

Landy E&O Insurance Agency

Redstone from Bradford Technologies

FHA Appraiser Directory

FHA Roster . com

Tax Grievance and Tax Appeal Appraiser Directory

Appraiser News on Facebook


AppraiserNews and the AppraiserNews Logo and all original content ©AppraiserHelp, Inc. 2009-2016