Institutions at all points of the real estate industry to examine, pivot and adapt practices and regulations as a result of the ongoing COVID-19 pandemic. Federal agencies and originators continue to extend flexibilities to help borrowers during the pandemic, including widening the scope on alternative appraisals on purchase and refinance loans. Taking a look back at the past four months—how has this affected the industry? Where do we go from here? Appraisal Buzz has brought together a diverse set of industry leaders to answer these questions and share their take on the state of the industry with webinar attendees.
Metro-West Appraisal and Appraisal Buzz invite you to join a FREE webinar to examine the current conditions of the appraisal industry and how new and upcoming regulations may help to chart the course moving forward.
The Appraisal Buzz is a newsletter designed to keep the real estate appraisal professional and lending community plugged into what's happening in the world of appraising.
Chief Appraiser, SVP Compliance
Greg Stephens is a recognized subject matter expert in appraisal regulations and standards, whose 35 plus year career in the industry includes owning and managing a five office regional appraisal firm in Northern California for twenty-four years prior to spending ten years in financial institution valuation QC and governance managing pre and post-closing review teams, monitoring state and federal appraisal-related legislation and USPAP subject matter expert.
Mr. Stephens professional credentials include Certified General Appraiser, SRA Designation from the Appraisal Institute, AQB Certified USPAP Instructor through The Appraisal Foundation, CDEI certified distance education instructor through the International Distance Education Certification Center.
For over twenty years he has been providing qualifying and continuing education seminars around the country through his seminar company, Appraisal Seminars, the Appraisal Institute and several colleges.
For over thirty years, Mr. Stephens has also been involved in national appraisal organization leadership, most recently as the 2013 President of the North Texas Chapter of the Appraisal Institute and prior board and officer positions with the Society of Real Estate Appraisers, the American Society of Appraisers. He is a frequent speaker at national conferences for professional organizations around the country and voted the Collateral Risk Network 2013 Valuation Visionary for life-long contributions to the industry.
In September 2011 Mr. Stephens joined Metro-West Appraisal Co. LLC as Senior Vice President, Appraisal Operations and Compliance and in December 2013 was promoted to Chief Appraiser, SVP Compliance.
Director of Valuation for Freddie Mac
Scott Reuter is the Chief Appraiser and Director of Valuation for Freddie Mac in McLean, Virginia. He is a State Certified-General Appraiser, and has over 30 years of experience in valuation, appraisal and collateral risk management concerns. Scott holds a B.A. from The Ohio State University (June 1982), and has completed the Executive Leadership program at Cornell University, Johnson School of Business (Dec 2007). His previous management experience includes positions with Goldman Sachs, Bank of America and General Electric, prior to being recruited to Freddie Mac in 2016. His team at Freddie leads the effort for ongoing development and refinement of property valuation risk management strategies; underwriting products, and establishing and maintaining a credible quality assurance process across multiple lines of business support. Scott and his team interact with both sellers/clients as well as stakeholders across the appraisal industry to reinforce Freddie’s appraisal quality requirements.
Director of Fannie Mae’s Collateral Policy team
Lyle Radke is Director of Fannie Mae’s Collateral Policy team, which establishes and maintains policy standards for appraisals and property eligibility. Shortly after receiving a master’s degree in Geology from Brigham Young University, Lyle began his career in real estate valuation in New Mexico. After nearly nine years of appraisal field work, he joined the Valuation Department of GMAC Mortgage, becoming manager in 2007. In that role, he hired and trained a large valuation review team from the ground up, as well as supervised the creation of one of the first XML appraisal delivery platforms. Looking for a new challenge in 2013, he joined Fannie Mae to work on Collateral Underwriter and other collateral policy initiatives.
Craig Morley is a Certified General appraiser licensed in Arizona, Nevada, and Utah. His professional associations include: National Association of Appraisers (NAA), National Association of Realtors (NAR), Appraisal Institute (AI), Coalition of Appraisers of Nevada (CAN), and Utah Association of Appraisers (UAA). With designations from NAA and NAR.
Craig was appointed to the Utah Appraiser Licensing and Appraisal Board by the Governor of Utah in 2004 to 2012, having chaired the board for 4 of those years. Craig is the past president of the Washington County Board of Realtors, past president of the Utah Association of Realtors, and is currently a Director with the National Association of Appraisers. He is also currently serving in the NAR Real Property Valuation Committee. Craig is a licensed education instructor for Real Estate and Appraisal as well as for Accurity Valuation Corporate Commercial Appraisal Development.
Craig has been a full time real estate appraiser since 1984, with his appraisal experience in appraising most types of commercial property, residential property, easements, water rights. He also has experience in litigation valuation together with residential and commercial development. Craig has been qualified as an expert witness in district court in Utah and Nevada as well as providing testimony in Georgia, US District court and federal bankruptcy courts.
Jessica R. Lynch is Vice President for Housing Finance at the National Association of Home Builders (NAHB). Jessica has almost twenty years of public policy and government relations experience in Washington, D.C. In her current role at NAHB, Jessica’s primary responsibility is to monitor and analyze governmental actions and policies that impact both builder and consumer financing in multifamily and single-family housing markets.
Prior to joining NAHB, Jessica worked on Capitol Hill for Congressman Rick Lazio from New York who served as the Chairman of the House Banking Subcommittee on Housing and Community Opportunity.
Jessica earned an MBA from the University of Maryland, Robert H. Smith School of Business and a Bachelor’s degree from Gettysburg College, PA.