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Appraisal Institute names Rodman Schley president

Housing Wire

Rodman Schley was selected to become the next president of the Appraisal Institute (AI) beginning Jan. 1, succeeding appraiser Jefferson Sherman, according to the trade organization. In 2002, he founded Commercial Valuation Consultants, Inc., He has also served as president of the group’s Colorado chapter.

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Making a modern home from a tract home

Sacramento Appraisal Blog

This owner transformed a tract home built in 2002 into something with serious Midtown modern vibes. How do we value something when it has really […] The post Making a modern home from a tract home first appeared on Sacramento Appraisal Blog.

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Panorama Mortgage Group Appoints Philip Riccio Chief Financial Officer

Appraisal Buzz

Riccio began his career in the mortgage industry in 2002 and has held key leadership roles with several prominent organizations, including Stearns Lending and Caliber Home Loans. The post Panorama Mortgage Group Appoints Philip Riccio Chief Financial Officer appeared first on Appraisal Buzz.

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CFPB Puts Cash-Out Refi Trends Under the Microscope

Appraisal Buzz

The answers in Table 1 are consistent with findings from the Consumer Surveys conducted in 1999 and 2002, which inquired about the utilization of extracted home equity by refinance borrowers. The post CFPB Puts Cash-Out RefiTrends Under the Microscope appeared first on Appraisal Buzz.

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Success Mortgage CEO nominated as MBA vice chairman

Housing Wire

Prior to co-founding SMP with his father Vincent in 2002, Lee served for five years as office manager and corporate counsel at Professional Real Estate Appraisals Inc. MBA bylaws dictate that Lee is expected to become chairman-elect after serving one year in his vice chairman role and would become chairman in 2027.

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Mortgage Bankers Association Taps Laura Escobar as Chair for 2025

Appraisal Buzz

Escobar joined Lennar Mortgage in 2002 as branch manager. Escobar is The post Mortgage Bankers Association Taps Laura Escobar as Chair for 2025 appeared first on Appraisal Buzz. She has served as president of Lennar Mortgage, the mortgage lending subsidiary of Lennar Corp., since 2018.

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The Similarities Between 2007 and Today

Appraisal Buzz

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. Many allegations related to appraisals that used inappropriate comparable sales that were used to “make” a deal work.

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