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.

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.

Meet The Chairs

Liz Green

CHAIR

Liz is a strategist, solutions architect, speaker, and valuation advocate. As a recognized mortgage technology veteran in software product leadership for solutions in residential property valuation, loan origination, mortgage servicing, and secondary marketing, she is helping to foster a new level of understanding in property valuation and collateral risk assessment through the application of digital intelligence.

A 30-year veteran leader in the mortgage software and valuation sectors. Liz has led the MISMO Property and Valuation Services Group for the last 10 years and has been awarded the MISMO Staff Award and recognized as a Tech All Star by the Mortgage Bankers Association.

Katherine Owen

VICE-CHAIR

Katherine Owen has been actively working in the real estate and appraisal profession for thirty-seven years specializing in all aspects of residential, industrial/commercial, and special purpose appraisal. Katherine has worked extensively with the Department of Justice, SBA, and SEC supporting legal matters related to mortgage and construction fraud.

Katherine is the Senior Vice President and Chief Appraiser for Umpqua Bank.  As Chief Appraiser, her role is focused on residential valuation regulatory change, quality assurance, appraisal independence, and legal matters associated with the valuation and non-valuation products being delivered to the Bank. Katherine was Chief Appraiser at Bank of America for 11 years.

Katherine leverages her previous experience and expertise to provide clarity and insight to the current valuation process while continuing to strengthen risk mitigation and drive positive change to Umpqua Bank’s current and future lending vision.