Client versus Intended User
Should appraisers discuss assignment results with intended users who are not the client? Why or why not? Is the “agent” (from the definition of “client”) a client or an intended user? Who can the appraiser disclose certain information to?
COVID-19 Novel Coronavirus
Walitt Solutions encourages appraisers, firms, vendor management companies, lenders, and other interested parties to continue to monitor changes and resources in the valuation industry related to the COVID-19 novel Coronavirus and impacts of the national emergency. Below are resources: Health Resources World Health Organization See WHO’s “Advice For Public” webpage. Centers For Disease Control and […]
The Cost of Non-Compliance: Valuation Independence Training
Former Deputy U.S. Attorney General Paul McNulty famously said, “If you think compliance is expensive, try non-compliance.” In a recent introductions meeting with an appraisal management company, we discussed my performing an overall “health” exam of the company’s daily and back-office operations. Such a visit acts as a mock audit and endeavors to discover strengths, […]
Nothing New Under the Sun: the varied face of appraisal
In July 2019, I spoke to the Collateral Risk Network, a group of chief appraisers, risk managers, management companies, lenders, appraisers, regulators, and legal experts, at the Collateral Matters event in Reston, Virginia. My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. However, given current […]