What is an evaluation? Eval.com

What Is An Evaluation Anyway?

Dawn Smith MAI, AI-GRS Regulatory Compliance Quality Control Review Appraiser Author Bio   What is an Evaluation Anyway?  Evaluations have been a hot topic for the last few years. Some financial institutions rely heavily on evaluations, while others hardly use them at all. Appraisal thresholds have been increasing, meaning that more and more loans qualify for an evaluation in lieu of an appraisal. Despite all the talk of thresholds, however, there is still a lot of confusion surrounding what an evaluation is. So, let’s start from the beginning. Where did evaluations originate? In response to the Savings and Loan Crisis

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4 out of 5 Valuations Are Written By Non-Appraisers

Let me repeat that… Four out of five real estate valuations in the United States are being written by non-appraisers. Now if that scares you or makes you angry, I get it – I’m an appraiser, too… but let me explain something you may not realize. Banks hold about 100 million real estate loans, each one needing some type of valuation every few years. And with 75,000 licensed or certified appraisers in the country, and just over half of those actively taking fee assignments, the problem is obvious: there aren’t enough appraisers to meet the demand. These loans currently hold around $14 trillion in

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There Is A Better Way

Where We Are Since 500 B.C.E., the appraisal profession has operated alongside the growth of civilization. In fact, civilization would not have been possible without it. What we do is so important that we ought to have a large and active presence in our collective and economic consciousness… except we don’t. Our expertise and range of services are underestimated, misunderstood, and widely underutilized. Today, we see the number of certified and licensed appraisers shrink every year, and the demand for what should be our services being redirected to alternatives within our industry. We can’t keep up, the laws keep changing, and we’re afraid

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There Is A Better Way

Where We Are Since 500 B.C.E., the appraisal profession has operated alongside the growth of civilization. In fact, civilization would not have been possible without it.

Read More »

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