Call to Action

Many of you probably don't know is that Fannie Mae has a communication platform on their website, but it is buried so deep that it is hard to find. I have attached the link below.

Fannie Mae is in the process of "Modernizing the Appraisal". Providing useful feedback MAY help shape what we will be doing in the future. One of our Colleagues with the Network spoke with Carol Bell at Fannie Mae last week along with those heading up the modernization process. It seems they are looking for a broader range of valuation options ranging from the Day One Appraisal Waiver, Desktop type reports to a more intense SFR (1004) type report. They expressed that the UAD data is not working as they had hoped and intimated that they are going to make some changes.

I don't know how much influence we, as a group will have, but I am pretty sure that more feedback is better than none.

Contact Fannie Mae


Chariman Hensarling - GSE Reform Bill

WASHINGTON – Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s full committee hearing on the 10th anniversary of the federal government’s takeover of Fannie Mae and Freddie Mac, the failed... Read More

Sharing Information Among Us

One of the benefits of being a SCPAC member is sharing industry information. Not only do we share our information, we also share information from others . We encourage each of you to share industry articles with us. Being informed leads to success! Read More

Data doesn't create meaning, people do

In the interview we did with Fannie Mae last issue, Fannie Mae & Your Future, Fannie says that they have determined that big data, when combined with new and powerful algorithms, are "good enough" for certain types of transactions—and are cheaper and faster to boot, which is seemingly what everyone demands these days. Read More

SCPAC is Proud to Announce the Following

The Appraisal Foundation has announced that SCPAC Board Member, Ben Atkins, will serve as Chair of the Membership Committee for TAFAC, The Appraisal Foundation Advisory Council for 2018. Congratulations to Ben on this new position and thanks for representing SCPAC so well!

HousingWire News

NAR: Monthly existing home sales fall 0.4% in April

Tue, 21 May 2019 10:08:00 -0400
In April, existing home sales fell slightly from the previous month, but growing inventory signaled improvement in the market, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said he is not overly concerned about April's 0.4% dip in sales and expects moderate growth very soon.

Mortgage Tech Rundown: Calyx Software, Finastra and Optimal Blue

Mon, 20 May 2019 15:02:00 -0400
This week's mortgage tech rundown highlights the latest news in mortgage technology, featuring product updates, integrations and announcements.

Want to make more money selling your home? Don't move out

Mon, 20 May 2019 13:32:00 -0400
Redfin says America's vacant homes are not only selling for less money, but they're also spending more time on the market. In fact, Redfin's data indicates the average vacant home now sells for $11,306 less and spends six more days on the market than comparable occupied homes.


Chapter News

Charleston Chapter Meeting - 5/14/19 4:30pm
Waters Edge, 1407 Shrimp Boat Ln. Mt. Pleasant, SC.

Please join us for a Charleston Chapter South Carolina professional Appraisal Coalition (SCPAC) meeting on May 14th at Waters edge on Shem Creek for a 4:30 happy hour. 1407 Shimp Boat Ln Mt. Pleasant SC. We will discuss whats going on with the coalition and make plans for the future. SCPAC will provide a bounty of free hors d'oeuvres and waters edge has great drink discounts at happy hour. Everyone is invited, you don't have to be a member. However if you invite someone who becomes a member you will quality for a discount on your next years membership. Free food, cheap drinks, and someone that understands your AMC horror stories. What could be better, Oh beautiful water front Shem Creek. Please RSVP to . I look forward to seeing you there.

SCPAC Facebook Feed


Annual Conference & USPAP Course

Calling All Appraisers!!!! The SCPAC Annual Conference is coming up in February and we would love to have you there. The conference will be at the Hilton Garden Inn, Mount Pleasant, SC on February 16th and 17th. Arrive early and take a moment to recharge your Appraiser Engines!