Twitter Twitter The know-it-all’s guide to getting your textbooks Facebook printStudents who came to the Brown-Lupton University Union Ballroom Tuesday looking for answers about diversity discovered they are the key to change.“To the undergraduates in this room, it’s up to you, it’s in your hands,” said Dr. Albert Camarillo, director of the Center for Comparative Studies in race and ethnicity at Stanford University. “You are the leaders of the next generation and where this society goes you will take it.”About 800 people: faculty, students, staff and members of the community, filled the ballroom for the event “Why Diversity Matters.” It was hosted by the university’s newly formed Comparative Race and Ethnic Studies Department, which as of this spring offers a major and minor.Camarillo, one of the founders of the field of Mexican American history, told the audience: “There’s no turning back and we are a better society for what we’ve achieved, but there’s still real problems.”Students, faculty, and community interact with speaker, Dr. Camarillo.Liz Diaz, a Fort Worth resident, said the event was “informative, interesting, and eye opening.”First-year student Ally Elliott said the talk reminded her of what diversity means. “I think it [diversity] is just a matter of time to embrace what others have to offer, that’s different from us.”Sophomore Kate Moore compared the talk to the TCU mission statement: “As part of TCU’s campus I think diversity is really important as part of our mission statement is ‘developing ethical and global leaders’ so in order to do that we need to be part of the global community and understanding people from different walks of life.”Jennifer Martinez, a TCU sophomore, said the lack of diversity at TCU took a little getting used to.“Coming to TCU was a cultural shock as it’s a predominantly white school,” Martinez said. “But it’s really nice to see people different from you that are willing to make a difference. I think it’s good to see that they are trying to incorporate us into society,” she said. “I really liked the event and think they should have more so everybody can become aware that we’re here too and someone listening and willing to make a difference.”Moore said she was also encouraged by the event. “I think TCU is doing a great job trying to figure out how do we address the issue of diversity and this is definitely a great starting point of getting students involved and getting the information out in front of people and I think that’s step one.”Student interacting with Dr. Camarillo.The event was sold out with 802 reservations and about 91 on the waiting list, said Lynn Herrera, who helped organize of the event as a core staff member of CRES.“It was a fantastic turnout and I’m pleased with the number of students that came that didn’t have to come. A lot of local teachers and community members also attended,” said Herrera, who is assistant to the dean of the John V. Roach Honors College.The event turnout.Elliott said it wasn’t important why students came. “Even if they are just coming for extra credit, it is spreading the word and getting students involved.” World Oceans Day shines spotlight on marine plastic pollution Facebook Madison Fowler is a senior communication studies major and journalism minor. When she is not writing for TCU 360 she is most likely fostering dogs and reminiscing on her travels abroad. + posts Sustainability on campus shows progress but has further to go Madison Fowlerhttps://www.tcu360.com/author/madison-fowler/ Madison Fowler Madison Fowlerhttps://www.tcu360.com/author/madison-fowler/ Women’s basketball attendance is still “not where it needs to be” Madison Fowlerhttps://www.tcu360.com/author/madison-fowler/ Linkedin TCU places second in the National Student Advertising Competition, the highest in school history Soccer stadium receiving new playing field, lights and drainage system Madison Fowlerhttps://www.tcu360.com/author/madison-fowler/ ReddIt Welcome TCU Class of 2025 Previous articleLuken Baker takes first baseNext articlePitcher Howard makes his last run as a frog Madison Fowler RELATED ARTICLESMORE FROM AUTHOR Linkedin ReddIt
Home / Commentary / Appraisals at a Distance Tagged with: Appraisal Valuations Previous: Housing Leaders Praise Supreme Court LGBTQ Decision Next: DS5: The Role of Tech in the Mortgage Process The COVID-19 pandemic didn’t create the proptech movement, but it is accelerating the realization that the ideas, technologies, and value it offers are no longer a luxury, but a requirement in real estate. It would be an understatement to say that the current global pandemic has created a unique housing experience. From virtual showings to in-car closings, social distancing has created a near perfect storm for appraisers, originators, and agents when it comes to viewing and valuing properties. As current and potential homeowners continue to move forward with buying, selling, and refinancing properties, it’s important that valuations are done both accurately and safely. So how do industry pros really feel about appraisals from a distance? A new survey of more than 350 real estate professionals conducted by Radian in April 2020 attempts to shed some light on what professionals think of distance appraisals in the time of COVID-19 and what the future may hold. Results of the survey confirmed that the crisis may be changing attitudes about remote solutions and spurring more widespread adoption. The biggest concerns about social distance valuations highlighted the validity of the data, timeliness of the data, cost, and Uniform Standards of Professional Appraisal Practice (USPAP) compliance. When asked if they would be comfortable relying on data and photos supplied by a borrower or third party, a resounding 75% said they would be, especially if the information was independently verified, while only a quarter said “no way” to borrower-supplied data. Similar percentages were generated when asked about borrower-guided or remote assisted video inspections. For many surveyed professionals, technology has the potential to make their jobs easier. They also believe that there is room for improvement, and welcome new tools to help with the evaluation process. Respondents suggested that verified photos and video from the borrower or real estate agent, consolidated public record data from multiple counties/courthouses, and more data to integrate into appraisal software were just some of the tech tools they would value most. Unsurprisingly, respondents report that the COVID-19 crisis has impacted their business to a varying degree. Nearly 80% of respondents said they had difficulty executing appraisal orders either because the occupant would not allow access unless the inspectors could prove they had no illness or because occupants were reluctant to grant access under any circumstances during the pandemic. While social distancing has created new challenges for valuing properties, because real estate is heterogeneous, there are always unique properties that need additional valuation support or validation. Access to properties, whether by distance, disaster, reluctance, or lack of appraisers, has made segments of real estate difficult to appraise in person. Luckily, proptech has enabled providers to fill the gap with data and analytics to augment the traditional appraisal process. From anywhere, interactive services can be utilized to research homes, surrounding neighborhoods and towns, track market performance and trends, and even inspect photos of all the properties used in the valuation. Overlaying Artificial Intelligence (AI) to review photos and determine room type, property condition, and objects within photos provides crucial validation of both professional and borrower supported photos. AI offers the potential for valuable additional verification for all valuation types and is becoming an integral part of valuation technology. Because so many steps in the transaction chain have traditionally required face-to-face contact, real estate has been slower to automate than other industries. COVID-19 and social distancing limitation have created an accelerant to the in-market testing of valuable remote services and AI designed to augment and automate the valuation process. Prior means and methods are being challenged daily by this pandemic and the industry will need to adapt to accommodate changes to their current practices. The crisis has forever changed the market and how we do business and will shape the future of valuation practices. Both practitioners and consumers are engaged in helping to identify what could be a permanent improvement and define a long-term solution, which will be reinforced through web-based services supported by data and analytics. As state orders lift and business returns to a new normal, we look forward to being a part of the valuation industry evolution and offering timely, accurate, and safe solutions to support the real estate market. in Commentary, Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Appraisals at a Distance About Author: Katie Brewer Subscribe Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Share 2Save Print This Post Appraisal Valuations 2020-06-19 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago June 19, 2020 12,560 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago As SVP, Valuation Services Operations, Katie Brewer is responsible for leading the daily operations of Radian’s Valuations team. Katie defines and creates innovative approaches to property valuation in order to ensure quick delivery, optimal quality and client satisfaction for all Valuation services. Brewer joined Radian in April 2015 as Chief Operating Officer of Green River Capital, LLC, now Radian Asset Management Services, where she was responsible for REO Management, Single Family Rental, Loss Mitigation, Surveillance and Rental Management.