Innovation in Appraisal: - Appraisal Institute

86 Pages·2011·4.27 MB·English

Innovation in Appraisal:
Alternative Valuation and the Battle Between
Authentic and Pseudo-Value
Mark R. Linné, MAI, SRA, CRE, CAE, FRICS
AppraisalWorld.com
Why should you care?
• We all have shared problems
• We all want good valuations
– Essential to the health of the financial markets
• We all agree on that
We may all agree on that but….
• What if you are commercial?
• Then learn from those who have gone
through this pain
• Commercial is not immune
– Commercial BPOs
– Commercial AVMs
– Commercial AMCs
Perplexing
• IAC: Technology offers the only
solution
• Coupled with data
• Prism of my viewpoint
• Innovation and technology appeals to
“Millennials”
• Where is this technology?
– (AVM/RVM)
In Order to be Successful…..
• We need to solve the problems of our
stakeholders
– Lenders
– Regulators
– GSEs
– The Public
• But its more than that…..
We need to figure out what to do to attract the
next generation
• Deconstructing Appraisal Process
– They want technology
– They want data
– They want options
– They want a cool job
– Do we offer any of that?
An Example of Cool
Breckenridge
• AI Chapter Presentation
• I learned two things:
– Lance
• “In times of change the greatest opportunity is to be found”
– Pam
• “The difficulties you experience today cannot be resolved with
the thinking that created them. The solutions can be found in
new thinking” -Albert Einstein
What Happens if We Fail?