Tuesday, May 9, 2017

Fannie Mae Gets Proactive with Appraisal Industry

Fannie Mae is engaging appraisers with their new Appraiser Update Newsletter which “is intended to promote more proactive communication with the appraisal industry and ensure alignment between appraisers, appraisal management companies, lenders and Fannie Mae.”

In this first edition you will find information regarding hot topics such as Day 1 Certainty, Collateral Underwriter stats and Selling Guide updates. There are also links to Fannie Mae in the news and other helpful resources for appraisers.

The Collateral Underwriter stats are of particular interest, indicating data discrepancies and adjustments are the most common quality risk flags. It is important to remember though, that risk identified through automated controls does not necessarily mean the appraisal report is in error. While oversights can happen, it is our experience at PCV Murcor that these risk flags often occur due to discrepancies among typically reliable data sources or variations in reasonable adjustment methods. Regardless of the reason for the flag, users of appraisal reports will need to resolve the indicated risk item. In order to avoid questions from clients, PCV Murcor’s Quality Control team suggests appraisers do the following:

  1. Acknowledge and reconcile within the appraisal report any significant discrepancies between your data and other available sources.
  2. Summarize the logic and reasoning for any adjustments applied in the report along with data that demonstrates the adjustments were market derived.

You can get a copy of the Appraisal Update Newsletter here.

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Tuesday, April 18, 2017

PCV Murcor’s Haghighi Recognized by the Association of Corporate Counsel

Dawn Haghighi, General Counsel, PCV Murcor, accepting Association of Corporate Counsel’s Advocacy Award with Laura Dorman, Managing Director and Associate General Counsel at Berkeley Research Group, LLC, creators of the ACC Regulatory Working Group.

The team at PCV Murcor would like to congratulate, Dawn Haghighi, General Counsel, for her thought leadership and dedication to advancing relationships with regulators and in-house counsel.

“Dawn exemplifies the ‘extra mile effort’ we strive to achieve every day for our clients. This ACC Advocacy Award only offers others what we already know about how committed she is to creating a positive impact in the regulatory community,” shared Keith Murray, Founder and CEO of PCV Murcor.

Building upon members’ strong interest in developing relationships with regulators, Dawn Haghighi and Laura Dorman created the ACC Regulatory Working Group, which provides regulators and public officials with an opportunity to update in-house counsel on various regulatory developments in real-time throughout the year. Haghighi and Dorman’s efforts have maximized corporate counsel’s ability to understand and adjust to new regulations, as well as to educate policymakers about the impact of these rules on their businesses.

“To carry out our responsibilities as CLOs who support growth, manage risk, and drive success, understanding the enforcement priorities of regulators and law enforcement is a key tool to successfully addressing the most pressing issues facing our corporations,” said Haghighi. “Laura and I are proud to have created the ACC Regulatory Working Group as a vital resource for members in this current regulatory landscape.”

The ACC Advocacy Award honors an individual, ACC chapter or ACC committee that has demonstrated a commitment to advocating on behalf of the in-house counsel profession. The recipient of this award has engaged in successful advocacy activities over the past year or has a proven track record of advocacy activity over many years. Individuals need not be attorneys or ACC members.

Dorman and Haghighi organized “Meet Your Regulator” meetings across the United States, including San Francisco, Los Angeles, Dallas, New York, Boston, and Phoenix. These in-person meetings allowed in-house lawyers, members of Congress, and senior officials from the Department of Justice, Department of Homeland Security, Consumer Financial Protection Bureau, and US Securities and Exchange Commission, among others, to advance the unique perspectives of in-house counsel and have open dialogue about public policy issues.

“From shaping relationships with regulators to raising our visibility in legislative affairs to educating the broader business community on issues affecting in-house law, we are delighted to see the positive impacts this year’s award recipients have made in advancing the unique perspectives of in-house lawyers across the globe,” said Veta T. Richardson, president and CEO of ACC.

 

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