ISS Company Blog
Risk and Compliance Summit 2017
Friday, October 13
Independent is sponsoring the breakfast for the Risk and Compliance Summit, hosted by ComplianceEase in San Francisco, CA. The Summit takes place November 1- 3 at the The Harbor Court Hotel. "Continue to Climb" is this year's Summit theme as the event will encourage networking and intelligent dialogue on a wide range of topics. With all the speakers and learning opportunities the goal for the summit is to help you prepare your organization for 2018 and the always changing compliance environment.
Some of the specific topics include:
- Regulatory and supervisory updates from regulators
- Changing the perception of compliance from an emergency brake to an integrated partner
- How quality compliance can generate robust growth opportunities
- Innovations in RegTech
Residential Appraising Is Changing How We Know It Today.
Friday, October 6
According to John Brenan, Director of Appraisal Issues for The Appraisal Foundation, the “Standards” are once again changing the direction of “Appraising” with new products!
Historically, most appraisal assignments were reported on a standard Fannie/Freddie form. For example, the FNMA 1004 URAR form for a single family residence. However, now appraisers are asked to complete all sorts of different assignments. An increasingly popular appraisal product is the desktop valuation report. This appraisal product allows an appraiser to access public record and MLS data, in addition to photos from a property inspector that performs an exterior or interior inspection of the subject property.
The question appraisers are asking is, does this comply with USPAP?
The answer is yes. The Appraisal Standards Board, states that forms do not comply with USPAP, appraisers do. So an appraiser is required to still comply with USPAP rules. It doesn’t matter what form appraisers put the information on. The obligation of the appraiser is simple, develop an opinion of value and produce a credible report. If they can do this using their access to MLS and public record data along with documented observations taken from the inspector, then they are can still be compliant.
Additional information related to this topic is available from The Appraisal Foundation.
If you are interested in completing desktop assignments or learning about our products, please contact us at Sales@isspgh.net for more information.
Happy 12th Anniversary, Independent Settlement Services!
Monday, September 18
Every year, as a company we celebrate the end of summer and Independent's Anniversary! We celebrate with delicious food and fun games. This year, for our 12th year, we played Corn Hole, Trivia, and Water Pong! We even had our special guest, Enzo join us for some excitement!
Congratulations to the winners of the games:
- Brian Caruso- Corn Hole Winner
- Drew Seidler- Trivia Winner
- Sara Hardgrove- Water Pong Winner
Thank you to our clients who allow us to keep celebrating anniversaries!