Valuation Expo Wrap Up!

The East Coast Valuation Expo started and finished with a room full of appraisers and other industry professionals networking and growing their businesses. ValExpo started on Sunday, March 18th with a 7-hour USPAP course sponsored by the Appraisal Institute (AI) and instructed by Stephen Wagner. AI and Mr. Wagner played a significant role in assuring the course was informative and engaging.

Monday, March 19th, kicked off with Lenders Live. The 45-minute sessions allowed appraisers to meet face-to-face with Lenders and discuss what they are looking for in appraisals.

Lenders represented were: Bank of America, Annie Mac, US Bank, Wells Fargo, Iberia Bank, SunTrust Bank, and Finance of America Commercial. We received an overwhelming response from the Lenders and attendees who enjoyed the open interaction and the chance to meet directly.

The Tradeshow Opening Reception allowed the attendees to meet and greet with each other and vendors over food and drink. Live demos from many of the vendors led for an exciting evening.

The CE courses began on Tuesday, March 20th with the Keynote Session. Steve Cannon from Constantine Cannon, LLP discussed his representation with the Louisiana Real Estate Appraiser Board in its litigation with the Federal Trade Commission. Jim Park with Appraisal Subcommittee touched based on current regulations and an update on AMC Rules. John Brenan of The Appraisal Foundation provided us with the answers to many core questions relating to USPAP and alternative valuations. This session ended with Brendon Hulcombe of Herron Todd White who shared how the appraisal process has been modernized in “The Land Down Under”.

We proudly honored the 2018 Valuation Visionary, Ernest W. Durbin, II, Chief Valuation Officer at Clarocity. The Valuation Visionary is presented by the Collateral Risk Network. It is someone who they feel continues to better the industry and those around them.

Tuesdays afternoon CE focused on Modernizing the Appraisal Process.  Paul Chandler from Property Sciences tackled Appraiser Independence while Jeff Bradford from Bradford Technologies, discussed what technologies are available today to make appraisers better but not to replace them. Ernie Durbin discussed the future of the industry. Lee Trice with Valucentric shared a plan the Collateral Risk Network sponsored related to regulatory overhaul.

CE continued on Wednesday, March, 21st covering Appraisal Policy and Procedures.  The panel featured experts from VA, TALCB and USDA for a closer look into the agencies. Thank you to John Bell III with VA, Doug Oldmixon from Texas Appraiser Licensing and Certification Board and Michael Schnetzler with USDA Rural Housing for their wonderful presentations. We featured a special guest, William Black from the University of Missouri Kansas City where he discussed fraud and what we should have learned from the last mortgage crisis.

Valuation Expo wrapped up on Wednesday with a Fannie/Freddie Panel. The discussion included new forms, selection of comparable sales, supporting adjustments, data verification, seller concession and communication of value conclusion. This was a real crowd pleaser thanks to Julie Jones with Fannie Mae; and Scott Reuter and Gary Skinner of Freddie Mac.

Coffee was sponsored by Anow on Tuesday and Wednesday. A special thank you to HouseCanary and Clearbox for providing lunch both conference days. Property Sciences offered bottled water for all attendees. Fresh popcorn was made on-site by Amrock for an afternoon snack. Amrock also provided directional signage for all attendees to make sure everyone got to the right place at the right time.

Congratulations to Morgan Fennell and Rich Goulet with Appraisers Group who won the 6^th annual corn hole tournament sponsored by Computershare Property Solutions. DataMaster sponsored hotel room keys for all our attendees staying at the host hotel.

GeoData Plus brought along a unique friend, Batman! Batman gave attendees a one of a kind photo-op with his Batmobile and even recorded special messages for their friends and family at home!

Thank you to all the exhibitors who participated and donated some great prizes for the famous Appraisal Bee!

PRIZE, COMPANY NAME – WINNER

Phillips 50” 4K Smart TV, Appraisal Buzz – Konstantinos Zaferatos
$100 AMEX Gift Card, Intercorp – Tim Hillman
Bluetooth Speaker, Anow – Jim Pedigo
AI Education Books, Appraisal Institute – Scott McMahon
$100 Visa Gift Card, Clearbox – Mike Coyne
$50 Amazon Gift Card and Echo Dot, DataMaster – Dave Shugars
Original Autographed Adam West Batman Picture and $100 cash, GeoData Plus – Mark Burks
Outback and Starbucks Gift Cards, Assurant – Eugene Key
$100 cash, AXIS – Kathryn Deveau
$50 Gas Gift Card, Bradford Technologies – I. Jarvis Martin
$100 Amazon Gift Card, Value Management Solutions – Eileen Mulkey
$100 Visa Gift Card, LIA Administrators – Danny Shaw
32” iPad, Treasure Valley Factors – Linda Ray
Apple Air Pods, Solidifi – Dale Smalley
$100 Amazon Gift Card, ValueLink – Shannon Hamilton
Appraiser Tool Kit, Validox – Richard Baart
Senso Active Ear Buds, SFREP – Jack Kearns

We would like to thank all of our sponsors, attendees and exhibitors for making this Valuation Expo such an amazing event.

Join us for our next Valuation Expo in Vegas, September 30th-October 3rd!