Skip to main content

Top five recommendations for qualified homeowners, buyers and sellers

National Mortgage Professional
Apr 01, 2009

Appraisal Institute signs memorandum of understanding wth Italian apraisal goupsMortgagePress.comappraisers, Appraisal Institute, Istituto Italiano di Valutazione Immobiliare, OSMI-Borsa Immobiliare di Milano, MIPIM Congress The United State' largest organization of professional appraisers has entered into a Memorandum of Understanding with two of the premiere Italian appraisal and economic development groups in a mutual effort to harmonize international valuation standards. The Appraisal Institute, the Istituto Italiano di Valutazione Immobiliare (IsIVI) and OSMI-Borsa Immobiliare di Milano have jointly signed the cooperative agreement earlier this month during the MIPIM Congress held in Cannes, France. "As global borders and business markets continue to shrink, we are excited to join together with our Italian counterparts to explore the issue of improving international valuation and financial reporting standards," said Terry Dunkin, MAI, SRA, International Relations Chairman, who represented the Appraisal Institute at the signing. "As an organization committed to expanding our international relations efforts, we look forward to the growth of these new relationships." The memorandum marks a first for the Appraisal Institute with an Italian appraisal organization and is reflective of the Appraisal Institutes continued development of key agreements with valuation groups around the globe. In addition to IsIVI and OSMI-Borsa, the Appraisal Institute has established relationships with valuation organizations in China, Egypt, Germany, Korea, Mexico, Russia, Ukraineand Vietnam, among other countries. "The financial crisis has highlighted the need for harmonized global criteria for the assessment of value of real properties," noted Dunkin. "A recognized valuation standard, combined with accurate valuations, provides investors with confidence to put money into financial markets. It is the goal of our organization to ensure that we collaborate with like-minded appraisal groups to ultimately protect the interests of lenders, investors, the government and consumers." The Appraisal Institute and IsIVI are principal members of the International Real Estate Federation (FIABCI). Both organizations will participate in FIABCI's World Congress in May in Beijing, China, to address the current economic crisis. The recommendations from these conversations will then be presented to the United Nations as suggestions for reducing the financial impact on global markets. For more information, visit www.appraisalinstitute.org.
Published
Apr 01, 2009
PenFed CU Sees Record Annual Mortgage Lending Volume

PenFed Credit Union announced it's financial highlights from 2021 which includes record annual mortgage lending volume.

Industry News
Jan 21, 2022
Angel Oak Lending Platform Reveals Record-Setting 2021

Last year was a record-setting year for many companies in the mortgage lending space, especially for the Angel Oak lending platform that consists of Angel Oak Mortgage Solutions and Angel Oak Home Loans.

Non-QM
Jan 21, 2022
What Are The Biggest Deal-Breakers For Homebuyers?

The housing market is holding strong but that doesn't mean homebuyers don't have their fair share of deal-breakers when it comes to purchasing a home.

Analysis and Data
Jan 20, 2022
Popular Bank Names National Director Of Residential Lending

Popular Bank named Adam Dejak as its national director of residential lending for Popular Mortgage.

Industry News
Jan 20, 2022
Sagent Appoints Thompson As Chief Product Officer

Founder of fintech managment consulting firm Consigliera will lead and expand product development.

Industry News
Jan 20, 2022
Total Expert Appoints Gaydos As President

Former Talkdesk and SAP senior executive brings extensive cloud, go-to-market, sales, and operations experience.

Industry News
Jan 20, 2022