Nationwide Appraisal Network 2013 Five Star Conference presentation
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Transcript of Nationwide Appraisal Network 2013 Five Star Conference presentation
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September 10th, 2013
OUR EVOLVING INDUSTRY
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EVOLUTION?
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THE SURVIVAL OF THE FITTEST
The idea that species adapt and change by natural selection with the best
suited mutations becoming dominant.
Herbert Spencer, The Principles of Biology 1864
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THE DODO
On a tiny island in the Indian Ocean called Mauritius, there once lived
an extraordinary bird called the Dodo.
An illustration of the importance of Evolution
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THE DODO ENJOYED ITS LIFE
it had no predators on Mauritius
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EVERYWHERE so the Dodo carried on
its happy life with no thought of tomorrow.
Times were fat. Food was
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FLY ?
Why would I fly when I can waddle quite happily? What do I want wings for?
No need for the fat bird with skinny little legs to fly.
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AND THEN…
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YUM! A FAT BIRD WITH SHORT LEGS
WHO CAN’T FLY! PERFECT!
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GOODBYE to the Dodo – the fat bird with short legs and small
underdeveloped wings that failed to evolve ahead
of the threat.
So, the world said
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JUST LIKE THE DODO
Before 2008, the US regulations surrounding real
estate valuations were
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TIMES WERE FAT – nobody was looking at the threats.
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THE US SAW NO NEED for strict regulations in such a happy situation –
most of the time property valuations were designed to suit the banks.
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THE BUBBLE BURST And then...
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PLUMMETED
The value of securities tied to US real estate prices
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FORECLOSURES Unemployment
Evictions
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THE FAILURE OF REGULATIONS
was partly to blame.
The U.S. Senate's Levin–Coburn Report asserted that
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EXTINCT but luckily they started to
evolve very quickly.
The regulations were almost
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HIGHLY REGULATED Today, companies like ours are
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EXTREMELY IMPORTANT!
That’s why our Compliance Department is so
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AS A NATIONAL AMC Our survival depends on:
Staying ahead of trends Continuous training
Evolving with the industry
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BEFORE PARTNERING UP with an AMC ask to speak with their
compliance department for details on their policies.
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A DODO Don’t be
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CONSTANTLY EVOLVING to meet the challenges of
a changing industry.
As a company, we’re
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HOME WISE REPORT
In fact we’re busy hatching a new product called
A comprehensive report designed to make marketing properties simple and effective.
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WWW.NATIONWIDE-APPRAISAL.COM
For up to the minute information visit us online at
Follow us on Twitter #NANFSC13
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EVOLUTION OF REGULATIONS IN VALUATIONS
An invitation for a panel discussion
Desoto Room 10:30am
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PLEASE STAY for networking, and
the results of the Google Nexus 7 tablet drawing.