Forsythe Appraisals to Host Think Tank Event for Appraisal Management Companies.

St. Paul, MN — Forsythe Appraisals announced that they will host their second Chief Appraiser Think Tank Event on March 6, 2007-March 7, 2007, in Orlando, Florida. This will be Forsythe’s first event geared specifically to addressing the needs and challenges of appraisal management companies.

Forsythe Appraisals held their inaugural think tank event in September 2006 in Washington D.C. which attracted chief appraisers and industry experts from across the country.

“The think tank format is designed to provide a forum for chief appraisers to share insights and opinions on current issues and trends impacting the appraisal industry,” said John Forsythe, president of Forsythe Appraisals. “The event is inspired by the need for sound decision-making by appraisal users and the public. We anticipate that the outcome of this event will ultimately lead to improved performance of residential

Some of the proposed agenda items include: Operational Issues and Challenges at A M C’s, Appraisal Independence, Appraiser Due Diligence, The Use of AVM’s in Valuation and Quality Control, and Secondary Market Guidelines, among other topics.

Alan Hummel, Forsythe Appraisals’ senior vice president and chief appraiser, will once again take the helm as moderator for the round table format event.

“We wanted to host an event exclusively for appraisal management companies because we knew they would offer a unique market perspective,” stated Hummel. “As regulators have increased the need for appraisal independence, appraisal management companies are much more in demand, providing a larger role in the industry than ever before.”

In addition to the appraisal management think tank event, Forsythe Appraisals is planning to host their second Chief Appraiser Think Tank Event for lending institutions on September 19, 2007-September 21, 2007 in Washington

Headquartered in St. Paul, Minnesota, Forsythe Appraisals was founded in 1940 by the grandfather of the Company’s current CEO and President. Forsythe Appraisals currently operates 39 branch offices nationwide, serving 53 states.

Forsythe Appraisals, LLC is owned and managed by John and Tim Forsythe, together with John and Jeff Turner, founders of Hillcrest Capital Partners (HCP). Located in Minneapolis, HCP was established in 2002 as a private investment firm to make control investments in high quality businesses based in the Upper Midwest.

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