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ELLIOTT® announces development of online tracking system
 In a move designed to improve online service, ELLIOTT® & Company Appraisers
is in the process of
developing an Internet-based order system complete with online tracking and
communications. It will be
accessible to clients and appraisers alike with instant feedback capability.
This state-of-the-art system will
allow the company to provide real time updates on work in progress and permit
the clients to offer and
receive new information about each project while it is underway.
“We expect to have this exciting new online-order system fully operational
before the year is out,” said
Charlie Elliott, company president. “We are currently offering it on a
limited basis at this time.”
Clients interested in taking advantage of this service should contact office
manager Nicole Kalafut at (800) 854-5889.
Appraisal Standard Board proposing USPAP changes
 The Appraisal Standards Board has released two drafts so far this year of proposed
changes to the Uniform Standards of Professional Appraiser Practice (USPAP).
Proposed changes include adjustments for USPAP rules regarding property sales
history, updating an appraisal, appraisal discipline and other issues. Appraisers,
as well as those affected by the business, are encouraged to give their input
to this rule changing process. If you have any suggestions or questions about USPAP changes, respond to this e-mail or visit www.appraisalfoundation.org.
Home, sweet home, increases in value
Conventional Mortgage Home Price Index, the quarterly publication of Freddie
Mac, reported that
growth in home values in the United States is up by an annualized rate of 5.8%
in the first quarter of
this year. The fastest growing area was the Middle Atlantic Division, consisting
of New York,
Pennsylvania and New Jersey, where home values jumped 8.3%.
Trade publication reports over $1 trillion in mortgage production already
this year
National Mortgage News, the weekly trade publication for the U.S. mortgage
industry, has reported that residential funders originated almost $1.1 trillion
in home mortgages during the first half of 2002, a 16% increase over the first
six months of last year.
What’s Hot & What’s Not
DVD movies are hot; VCRs are not.
Automobile XM Receiver and CD players are hot; cassette tapes are not.
Computer Read Write/Compact Discs and DVDs are hot; floppy discs are not.
Digital cameras are hot; 35 mm cameras are not.
TV Digital Video Discs are hot; Video Cassette Recorders are not.
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