What does ICAP bring to me as an appraiser?
Past ICAP president TJ McCarthy, SRA, ASA, IFA, Scott DiBiasio, Manager, State & Industry Affairs with the Appraisal Institute and others share what an ICAP membership brings to real estate appraisers. ICAP works to promote the appraisal profession and its image to the general public and to users of appraisal services. ICAP initiates discussion and analysis of issues affecting professional appraisers and monitors political action with the intent to influence legislation, regulation and public opinion toward the appraisal profession.
Join ICAP at http://www.ICAPweb.org
Every year since 2000 The Illinois Coalition of Appraisal Professionals (ICAP) has presented its Illinois Appraisers Update Seminars which host several hundred professional appraisers from around Illinois who are dedicated to remain updated in the latest topics in the real estate appraisal profession.
Five members of ICAP’s Board of Directors share why they are members of ICAP. The five individuals featured in the video are: Barton DeLacy, MAI, ASA, AI-GRS, ASA, John Satter, MAI, Ken Mrozek, MAI, SRA, ASA, Barbara Neal, and Ivette Collins, MAI.
ICAP works to promote the appraisal profession and its image to the general public and to users of appraisal services. ICAP initiates discussion and analysis of issues affecting professional appraisers and monitors political action with the intent to influence legislation, regulation and public opinion toward the appraisal profession.
Join ICAP at http://www.ICAPweb.org
October 16, 2015:
by Karen Emerle, SRA
ICAP is one of 21 State appraiser coalitions currently participating in the Network of State Appraiser Organizations (NSAO). On October 16, 2015, NSAO held a Work Group meeting at the National Association of Realtors (NAR) offices in Washington, D.C. NAR graciously provided use of their conference room for NSAO’s day-long meeting.
ICAP Director, Karen Emerle, SRA, attended the afternoon segment. She was one of 15 members, representing 13 State appraisal coalitions, present at NSAO’s Washington, D.C. Work Group meeting. Current issues affecting appraisers, legislation and/or litigation updates relevant to the individual States were shared by participants. The Work Group will continue to pursue issues germane to all State coalition members.
NSAO’s focus is on improving the appraisal industry and protecting the consumer. In an effort to further those goals, participants agreed future meetings should be bi-annual and scheduled to coincide with AARO’s Spring and Fall conference dates and locations.
Mortgage Bankers Association (MBA) representatives William Kooper, MPA, Tamara I. King, and Matt Jones attended the afternoon meeting. William Kooper, MPA, is the Associate Vice-President of State Government Affairs & Industry Relations. Tamara I. King is the Associate Vice-President of Loan Production and Member Engagement, Residential Policy. Matt Jones is the Regulatory Assistant, Residential Policy and Member Engagement.
The dialogue focused on topics of concern and interest to NSAO members. Recent FHA/HUD compliance issues raised the question, “What is the responsibility of the appraiser versus the lender’s responsibility?” Various vendor management practices which affect or could affect appraiser independence, the latent time delay utilized when ordering appraisals, Fannie Mae and CU issues, and the change needed which would allow appraiser trainees to sign reports were discussed.
MBA noted under the new Rule, effective August 10, 2015, AMCs are required to report every appraiser on their panel. How does the AMC National Registry database get built? What fields should be built into it? In those States that already have AMC regulations, what is working, and what is not working? The link to the Federal Register, Vol. 80. No. 110, Minimum Requirements for Appraisal Management Companies; Final Rule is: http://www.gpo.gov/fdsys/pkg/FR-2015-06-09/pdf/2015-12719.pdf.
MBA was receptive to finding areas in which a consensus might be reached and/or areas where working together would be beneficial to all parties involved. ICAP will keep its members updated as things develop.
ICAP’s 2015 Lobby Day, Capitol Visit & Reception
Free for ICAP Members
Illinois Real Estate Appraisers will gather in Springfield on May 6th for an ICAP Lobby Day.
Includes lunch & appetizer reception.
Support ICAP’s proposed legislation, HB2664, which would amend the Appraisal Management Company Registration Act providing for an Appraisal Management Company Recovery Fund, and HB3333 which would amend the Real Estate License Act of 2000 allowing Appraisers who hold a brokers license to perform Broker Price Opinions. Talk directly with your legislators about issues that affect the real estate business!
ICAP will establish an “appraiser presence” in Springfield Illinois in an organized effort lead by our lobbyist Andy Raucci. Participants will lobby our states Capitol demonstrating that Illinois appraisal profession made up of professionals who recognize the importance of being actively involved in the political process.
|11:00 a.m. – 11:45 a.m.||Registration|
|11:45 a.m. – 12:45 p.m.||Legislative Briefing & Lunch|
|1:00 a.m. – 1:30 p.m.||Capital Tour|
|1:30 a.m. – 4:00 p.m.||Capitol Visits|
|4:00 p.m. – 4:30 p.m.||Capitol Photograph|
|4:30 p.m. – 6:00 p.m.||Reception|