I hope you had a chance to read our last feature spotlight post on Sampling. If you didn’t, make sure you check it out! The RIMS feature spotlight series is meant to give readers more insight into popular features helping you get to know the RIMS advantage a little bit better.
Using Narrative1 for Internal CRE Property Evaluations in your Bank. An interview with Ryan Kelley, CRI Associate for the State Bank of Cross Plains in Cross Plains, WI.
Many of you are familiar the ExactBid software solution, RIMS (Real Estate Information Management System), but my guess is that not all of you know about its advanced features. Or at least aren't as familiar. It is those features that make RIMS the user-friendly and robust solution that is it.
You have seen them along the highway – warehouses larger than several football fields with countless docks. They might have different configurations, but they all share one characteristic: they are one story tall. The reason for this is obvious – it’s easier to store and move freight around one floor. Despite their size, these buildings are relatively easy to construct, and they are usually located on relatively inexpensive land.
The MBA report released on March 7th states that Q4 delinquencies did not increase for commercial and multi-family mortgages and remain low historically. Life Insurance companies, CMBS, Banks and Thrifts, and Fannie Mae and Freddie Mac all reported continued positive conditions during the quarter. There were only slight changes from the previous quarter.
Its official subtitle is “A bill to promote economic growth, provide tailored regulatory relief, and enhance consumer protections, and for other purposes.”
CBRE reports in their annual Investors Intentions Survey 2018 that some investor habits are changing with regards to US commercial real estate. The popular survey is conducted by the Americas CBRE Research, and the 2018 results reflect the sentiment of nearly 300 investors.
The MBA CREF / Multifamily Housing Convention & Expo was held in San Diego on February 11 to 14, 2018, and it was well attended. There were many interesting sessions and breakouts. Here are some of the takeaways:
We are over a month and a half into 2018 and I don't know about you but around this time is when I start assessing my New Year’s Resolutions (both personal and professional). With a new year comes reflection on the past and plans for the year ahead. What steps are you taking to ensure that your commercial appraisal business has a successful 2018? If you haven’t already thought about how you’re going to achieve your 2018 business goals, here are 5 helpful tips to get you started!
Since they were promulgated in the 1994 FIRREA revisions and then expanded in the 2010 Interagency Guidelines, evaluations have always been an integral part in banking for CRE valuation and collateral analysis in addition to full-blown narrative appraisal reports. However, considering impending changes to banking guidelines, evaluations are likely to become even more common.
The Q4 National Quarterly Report from ExactBid is now available for download. Leveraging the data in RIMS, we are releasing these reports on a quarterly basis to provide you with insights and transparency into property appraisal data including how income is trending across property types in the U.S.
Does this headline sound familiar to you – “…a leading independent commercial real estate valuation, advisory, and appraisal firm announced that is has acquired XYZ, a state-based commercial real estate appraisal and consulting firm…”