The Committees

The Committees’ mission is to examine all aspects of the collateral risk, within their respective areas of responsibility, and to identify solutions that provide guiding principles that sustain the a healthy housing finance system and its benefactors through alignment and transparency.

The Collateral Risk Network (CRN) announced the formation of a Stakeholder Advisory Group (SAG) to augment its membership to explore key concerns facing the real estate valuation industry.  “There are quite a few gaps in the current operational workflow that impact the valuation process. The lack of a unique real property identifier is another” according to Joan Trice, the founder and President of the CRN.  “These gaps have a dramatic impact on service levels.  Additionally, insufficient information has historically been gathered at time of loan application, regarding the subject property.  Appraisers need to research most orders before they can bid on them” Trice continues.  The SAG will be leveraged by the CRN committees in the coming months to address specific initiatives.

Interested parties are encouraged to visit: https://www.surveymonkey.com/r/CRNAdvGroupApp to sign-up to be included in the communications and meetings.  There is no cost associated with SAG participation.

Government Affairs

Chair
Ernie Durbin, Voxtur Valuation

Vice-Chair
Cindi Harris, Class Valuation

Monitor a broad range of Federal and State issues that affect the valuation community. This committee is responsible for writing comment letters as new laws and guidance are exposed for public comment or emerging issues need attention.

Best Practices

Chair
Teri Zarate, Pro Teck Valuation Intelligence

Identify and establish best practices for appraisal stakeholders and consumers of appraisals. The Best Practices Committee will also develop methods to disseminate the information throughout the housing industry.

AMC

Chair
Alex Todak, Kairos Appraisal

Vice-Chair
Patrick Brown, Valutrust Solutions

Provides a forum for AMCs only (peer to peer) to explore and serve the needs of AMCs within the valuation community.

Education

Chair
Wade Coffey, Bank of America

Vice-Chair
Jessica Jenkins-Tome, Opteon

Assist with content for educational offerings such as webinars, iGuides, and publicly distributed materials a focus on compliance and collateral risk.

Lender

Chair
Katherine Owen, Umpqua Bank

Vice-Chair
Brad Davis, Morgan Stanley

Provides a forum for lenders only (peer to peer) to explore and serve the needs of lenders within the valuation community.

Standards

Chair
Liz Green, LoanLogics

Vice-Chair
Katherine Owen, Umpqua Bank

Develop or adopt standards for the following – a unique geospatial ID for all real estate; appraisal forms/reporting formats, unique ID for appraisers (digital certificate), AVM standards, home measurement standards, value definitions, education standards for RMBS, and Green Standards.

Governance

Chair
Peter Christensen, Valuation Legal

Vice-Chair
Kevin Hopkins, Nationwide Property & Appraisal Services

Primarily concerned with monitoring the activities of the board of directors, ensuring that a nonprofit’s board of directors is functioning appropriately and efficiently.

Nominating

Chair
Jeff Bradford, Bradford Technologies

Vice-Chair
Leland Trice, Opteon

The nomination committee will evaluate the board of directors and examine the skills and characteristics needed in board candidates, committee Chairs and Vice-Chairs and Councils.