Appraisal Department More Than Just Necessary
A Chief Appraiser friend of mine sometimes laments that the C-suite and lenders perceived him as a regulatory hurdle to overcome rather than a valuable resource. But, he and his team were determined to change that perception. Seth Godin’s book, Purple Cow: Transform Your Business by Being Remarkable reminds us not be invisible. A Purple […]
Leading as Chief Appraiser in a Shifting Banking Landscape
Inspiring Teams and Embracing Innovation for Lasting Success Today I want to talk about the exciting role of Chief Appraiser at a bank and the incredible journey that lies ahead. As we embark on this mission, remember it all starts with why. 1. Finding Purpose in Technology In this rapidly changing world, technology has become […]
Knowing When It’s Time to Leave Your Software Provider
After you choose an appraisal management software provider, you expect excellent customer service. But what happens after onboarding? Crickets? Maybe you get custom features and responsive service but only if you’re a huge bank. But what about everybody else? It comes a point where you continue or give up. The Tipping Point of Trust The […]
Overlooked Success: US Banks’ Resilient CRE Holdings
Is there cause for concern in CRE collateral? Absolutely. It’s a cyclical product, no surprise there. We’ve been on an appreciation tear for a long time. In a world focused on clicks and views, what’s your personal cost reading daily negative news? Take pause and appreciate the stress test resilience displayed by US banks in […]
Working Hard but Going Nowhere
The life of appraisers is undoubtedly challenging, as we face mounting pressures from various angles. Things like acceleration of declining number of appraisers, finding good reviewers, regulatory audits, ROVs, bias claims and so on. Though work has slowed, appraisers often feel trapped in a cycle of endless work, limiting their ability to make significant strides. […]
Appraiser Critical Thinking: How to Spot a Fake Mona Lisa
More than 50% of chief appraisers, reviewers and commercial appraisers from my informal survey thought report quality declined in the past 10 years. They say appraising is an art. But just like art, there’s amazing work and “meh” work. Some appraisers rely on external reviewers to fix their art. Houston, we have a problem. Curator […]
