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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.
News
SCPAC is Proud to Announce the Following
Congratulations to Dale Bailey for being nominated to be the Chairman of the Membership Committee for The Appraisal Foundation Advisory Council for the upcoming year.
As you may know, Ben Atkins was a previous Chairman of this committee. After consulting with Ben and reflecting on the current condition of appraisal organizations nationwide, Dale's hope is to bring a positive outlook to this position and an outstanding reflection for SCPAC that he attend to this duty.
He has accepted the nomination on behalf of SCPAC and will do his best to uphold and promote both organizations to the best of his ability.
Thank you, Dale for your continued support and representation of your profession, colleagues and SCPAC!