Welcome New Employees!


During the year 2015, CBRES has welcomed three new employees: John Noonan, Lisa Cooper and Denise Bryson. Each one has worked in the appraisal business bringing many years of appraisal service experience. Please join us in congratulating our new employees as our company continues to grow.

John Noonan VP/Compliance ManangerJohn Noonan
VP/Compliance Manager

John Noonan joined CBRES in February 2015 as our new Compliance Manager. His professional career spans 29 years and has centered on Real Estate. John’s career opportunities have provided him with the ability to see three distinct sides of the mortgage transaction process: working as a field appraiser, managing mortgage appraisal and credit operations as well as managing operations and review departments for various AMC companies throughout the country.

Lisa Cooper QALisa Cooper
Quality Assurance

Lisa joined CBRES in August 2015 as our Quality Assurance Team Leader. Prior to working for CBRES, Lisa worked for an appraisal firm in Hickory. She was responsible for maintaining office efficiency, productivity, and order workflow.

Denise Bryson Vendor Mgt / Client RelationsDenise Bryson
Vendor Management/Client Relations

Denise joined us in September 2015 and comes to CBRES with over 15 years in appraisal management experience. Denise excels in customer service and the logistics of Vendor Management.

Devin’s New Role

Devin Page QADevin Page
Quality Assurance

Devin is not a new employee, however, we wanted to take the time to share Devin’s new role in CBRES. In May 2015, Devin moved to Louisiana. Although he is no longer working in the day-to-day operations for CBRES, he is now providing offsite Quality Assurance duties to assist in maintaining our efficiency to our clients.

Employee Departure

Mavis St. Pierre Mavis St. Pierre’s last day with CBRES will be 12/24/2015. She started in 2009 when CBRES opened its doors and helped us grow. Mavis, we say thank you to all your years spent with CBRES and the many hours worked to make sure our clients and appraisers received the best service. We wish Mavis success on her future endeavors.

Department Notes

CBRES is continually looking for better ways to assist you. In order to be more efficient, we have focused our tasks and contacts in the following way:

AMC Compliance

For any questions or concerns, please contact our compliance officer John Noonan at jnoonan@cbresolutions.com.

  • Please note that in the event that John is unavailable, we also have a staff of in-house appraisers who would be available to address your questions.

Vendor Management – Denise Bryson and Sue Hardman

If you have an appraiser that needs to be added to our roster, or just need to update a profile for an existing appraiser, Denise and Sue are your contacts at dbryson@cbresolutions.com or sehardman@cbresolutions.com.

  • Please keep your license and E&O documents current and remember to update the dates in the profile section.
  • If your coverage has changed, please also take time to update this section by going to Setup, locate My Profile, and scroll down to the Click here for Enhanced Coverage Area section.

Order Placement – Barbara Caraballo

Barbara CaraballoIf you have questions before accepting an order, your point of contact is at bcaraballo@cbresolutions.com.

  • Please read the notes and scope of work in its entirety before accepting.
  • For prompt assistance, please always use the Email Office link or contact us by phone. Please only use the status section for personal notes.

Order Acceptance/Scheduling/Due Date Expectations – Denise Bryson

Please contact Denise at dbryson@cbresolutions.com if there are any issues while setting up an appointment. She will also be sending reminders when an order is near due.

  • Contact is expected to be made within 24 of accepting the report. Please remember to status your reports as frequent as possible to keep us updated on the progress.
  • Please notify us as soon as possible if there are any delays coupled with the reason.

Quality Assurance – Lisa Cooper, Devin Page and John Noonan

Lisa and Devin will continue to provide Quality Assurance for our clients by making sure all appraisal requirements are met prior to product delivery. For appraisal questions, please contact Lisa at lcooper@cbresolutions.com or John jnoonan@cbresolutions.com.

  • Please make sure your current license is included within the report.

Payroll or Financial Questions – Sue Hardman

Sue Hardman For questions about payroll or finances, please contact Sue at sehardman@cbresolutions.com.

5 Housing Market Predictions for 2015


A new year is about to dawn—and the outlook on the housing market is definitely brighter. After all, 2014 was the best year in the U.S. economic recovery since the recession of 2008-2009.  With an accelerating economic recovery fueling job and income growth, prospects are good for homeowners and would-be home buyers.

  1. Mortgage Rates Will Head Back Up

The flip side of the improving economy is that (sigh) mortgage rates will inevitably head up again. We’ve had a great run, but the honeymoon is over, and it’s time to settle in for a relationship that balances job growth with higher-but-still-reasonable interest rates.  The Federal Reserve has indicated it will increase the federal funds rate—which has an indirect but significant effect on mortgage rates—next year. The rate has remained near zero since December 2008.  Although the Fed might wait as late as early 2016, realtor.com® Chief Economist Jonathan Smoke suggested the increase will come in mid-2015, and mortgage rates will increase ahead of the Fed’s move.  “Our forecast for housing assumes the 30-year fixed rate will reach 5% by the end of 2015,” Smoke said. “The one-year adjustable rate will likely rise less if much at all, and accordingly, we are likely to see a shift into more adjustable and hybrid mortgages over fixed.”

  1. Millennials Will Set Up House

The millennial generation is beginning its ascent—and no, not all of these youngsters born between 1981 and 2000 are living with their parents as they struggle to pay off student loan debt. Sure, they’ve faced huge challenges in the job market, but employment is improving, and older millennials are planning ahead.  About 65% of first-time home buyers are part of this older millennial group (ages 25-34), Smoke noted, pointing out that these young adults are at an age when many marry and start families.  “Millennials make up around 65% of first-time home buyers,” Smoke said. “Of the millennials who are buying a home, 86% indicate that their motivation is a change in family size.”  But with tough credit qualification standards and limited credit history, he added, millennials are expected to buy more in affordable areas in the Midwest and the South.  More than two-thirds of household growth in the next five years is expected to come from millennials, according to Smoke. This generation is bigger than the baby boomer generation, so even though its youngest members will be only 15 in 2015, the market is only beginning to feel its impact.

  1. Builders Will Break New Ground

Although total housing starts (construction on new housing units) barely broke 1 million in 2014 and was driven by multifamily homes, Smoke noted the pace will pick up in 2015 and shift in focus.  “We are forecasting 16% growth in starts, driven now more by growth in single-family starts, which we are expecting to grow 21%,” he said.  But shortages of labor and building product material will limit further growth in single-family construction and will keep overall supply tight.  “The constraints on new construction supply factor into our assumptions about existing home sales growth and overall tight supply of homes for sale,” Smoke added.

  1. Credit Will Continue to Be a Major Factor

Strict mortgage qualification standards are keeping many consumers, especially younger ones, from buying a home with a bank loan. This situation has remained about the same for the last four years, although it’s possible that various new federal housing policy initiatives might help loosen those standards in 2015.  If not, it will increasingly become clear that lack of access to credit is holding back the housing market.  “If you just look at the distribution of credit scores, at least 10% of current homeowners with mortgages would not qualify for a new mortgage today,” Smoke said.  Opening up access to credit would be a game changer in the housing market, Smoke noted, allowing 500,000 to 750,000 would-be buyers who are now cooling their heels to achieve the dream of homeownership.

  1. We’ll Close Out the Foreclosure Crisis

It’s been seven years since the housing bubble burst and foreclosures skyrocketed, but in 2015 we’ll see the end of that era. Already this year has seen a major improvement in the composition of sales—that is, there are fewer foreclosures and short sales in the mix.  “We are on pace for foreclosure inventories to end 2014 down more than 30%, and next year should see a slightly greater decrease as foreclosures fall to normal levels,” Smoke said.  But while these trends will be apparent nationwide, housing is still a local issue.  “The situation differs in every market, even every neighborhood,” Smoke added. “Each has its own unique, long-term trends in home values, which reflects local demand and supply conditions.”  And the situation is different for each individual home. Setting and negotiating a home price requires complex analysis, which is why most people prefer to work with an experienced REALTOR®.

Article obtained from Real Estate News | Dec 4, 2014 By: Cicely Wedgeworth

Regulatory Trends for 2014


With the constant change in regulatory laws  in the mortgage arena. It is important to be aware of some of the current trends that are forming.  Listed are some trends that we feel are very important for both lenders and appraisers:

1. Increasing enforcement
Even before all the new rules went into effect in January, the CFPB had already started groundbreaking actions under existing rules. The impacts, which are increasing now that the bureau is beginning to enforce the new rules, are hitting companies and individuals who’ve not been under scrutiny before.
2. Teamwork
The CFPB is teaming up with regulators up and down the system to uncover possible violations and prosecute alleged infractions, making the long arm of the law even longer.
3. Bigger Penalties
The new CFPB rules—and some of the older ones too—allow for triple damages and longer enforcement windows, increasing the risk of any enforcement action or lawsuit.
4. Importance of Thorough Documentation
Not only will accurate records be necessary to prove you followed the rules, their absence may be used as proof you didn’t.

Information obtained from “Inside Mortgage Finance Publication”