With the new year underway, I am pleased to let you know that AI continues to expand its international presence, which provides tremendous benefits to the organization and its professionals.
AI Expands Persian Gulf Education Offerings
The Appraisal Institute is looking to enter into an agreement with Kuwait University’s College of Business Administration for AI to teach “Basic Appraisal Principles,” a move that follows four previous visits to Kuwait where AI taught “Basic Appraisal Principles” and “Basic Appraisal Procedures.” Former AI President Leslie P. Sellers, MAI, SRA, who taught the Principles course during a previous trip to Kuwait, will do so again in February.
Additionally, the Saudi Authority for Accredited Valuers, known as TAQEEM Academy, signed a licensing agreement with AI on January 11 for AI to present the “Basic Appraisal Principles” course four times and the “Basic Appraisal Procedures” course two times. Charles T. (Tom) Cowart, MAI, will teach the Principles course in Riyadh and Jeddah in February, while Jefferson L. (Jeff) Sherman, MAI, AI-GRS, will teach the Principles course in Riyadh and Jeddah in April. Tom will teach the Procedures course in Riyadh and Jeddah in August.
New AI Designations Reach 20-year High in 2014
The Appraisal Institute conferred more MAI and SRA designations in 2014 than in any year since 1994. Overall, AI conferred 935 designations last year (including AI-GRS and AI-RRS designations).
The 2014 total included: 481 MAI designations, 159 SRA designations, 218 AI-GRS designations and 77 AI-RRS designations. The Appraisal Institute conferred a combined 640 MAI and SRA designations last year, a 31 percent increase over the 2013 total.
The combined 640 MAI and SRA designations conferred in 2014 was the second-highest annual total in Appraisal Institute history, slightly behind 1994, when 646 MAI and SRA designations were conferred. Further, the 481 MAI designations conferred in 2014 were second only to the total in 1992, when 559 MAI designations were conferred.
AI Reports New Fannie Mae Program Addresses Hiring of Qualified Appraisers
Fannie Mae’s Collateral Underwriter, a new automated quality assurance program that checks for aberrations in appraisal report data and analysis, was made available to mortgage lenders January 26 and underscores the importance of hiring qualified appraisal review staff who can navigate CU messages, alerts and other issues.
Read the Appraisal Institute’s news release to learn more about Fannie Mae’s new program.
AI Launches Mapping Functionality to ‘Find an Appraiser’
The Appraisal Institute on January 12 launched new functionality for its “Find an Appraiser” feature that enables users to search for AI professionals and then receive results geographically in Google Maps.
The new web-mapping function allows users to get search results from any and all categories within the Find an Appraiser feature, including location by city, state or zip code; property type expertise or specialty; or business services.
To utilize the new mapping feature, conduct a search at Find an Appraiser and then select “Map All Results” in any search results page or “Map It” on any individual member search result. The action will return search results on Google Maps.
To maximize the value of the new functionality, AI professionals are encouraged to update their “My AI Profiles” with relevant information on property type and business services.
AI is exploring additional enhancements to its Find an Appraiser feature and new ways to promote the use of AI individuals by those seeking appraisal services, including enhanced data fields; robust AI professional profiles; and potential direct integration with portal service providers, appraisal management companies and direct users of appraisal services.
AI Enhances Thought Leadership, Attends Key Industry Events
In keeping with the Appraisal Institute’s commitment to convey its thought leadership to valuation professionals and others, former AI president Rick Borges, MAI, SRA, AI-GRS, AI-RRS, and Bill Garber, director of government and external relations, represented AI at the Environmental Bankers Association Conference, January 11-13, in Charleston, South Carolina, where AI also exhibited at the trade show. I was joined by Sandy Adomatis, SRA, for a presentation at the National Association of Home Builders’ International Builders’ Show, January 20-22, in Las Vegas; AI exhibited at this trade show as well. I also spoke at the North Texas Realty Symposium, January 23, in Dallas.
Other News Around AI
And here’s some other important news from the Appraisal Institute:
- Last year, the Appraisal Institute and its professionals appeared in more than 1,750 stories that ran in more than 1,200 media outlets and were potentially read, seen or heard nearly 2.4 billion times … with a value of more than $1.7 million (according to vendor’s proprietary formula).
View a four-minute video of AI’s July-December 2014 media coverage highlights on the Appraisal Institute’s YouTube channel.
- Charles T. (Tom) Cowart, MAI, was elected 2015 chair of the Appraisal Institute’s Strategic Planning Committee by the AI Board of Directors at its December 19 meeting.
- AI posted two new videos to its YouTube channel; the first in which I discuss the organization’s goals and priorities for 2015, and another addressing how the organization propels the valuation profession forward.
- The Appraisal Institute continues to grow its social media presence. Be sure to follow AI on Facebook, Twitter, LinkedIn and YouTube.
Best wishes for a prosperous month!