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Who Chooses Appraisers - Video Hvcc

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by Mike Kennedy, Jan 10, 2009.

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  1. Mike Kennedy

    Mike Kennedy Elite Member

    457
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    REALTY TIMES ON LINE VIDEO (#2) on the list

    http://realtytimes.com/


    also..........

    WASHINGTON & THE FUTURES OF FANNE & FREDDIE (#9) on the list
     
  2. Dan Umstead

    Dan Umstead Senior Member

    34
    May 26, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Georgia
    Good info. I am glad to see and hear that some of our exposure efforts are getting out.
     
  3. Randolph Kinney

    Randolph Kinney Elite Member
    Gold Supporting Member

    328
    Apr 7, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    I can't wait for the federal lawsuit to stop HVCC by the brokers.
     
  4. Conservative in Virginia

    Conservative in Virginia Member

    1
    Aug 16, 2007
    Professional Status:
    Licensed Appraiser
    State:
    Virginia
    In order to compete they MUST have their comp checks
     
  5. Randolph Kinney

    Randolph Kinney Elite Member
    Gold Supporting Member

    328
    Apr 7, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Yes, the entire lending and real estate industry has to have a way of guaranteeing value of the deal in order for the loan to go through, starting with the Realtor, AMC, mortgage broker, loan officer, etc.

    I can imagine the outcry of paying the appraiser and then having the parties rewrite the deal at a lower value or just flat have the deal die.
     
  6. Conservative in Virginia

    Conservative in Virginia Member

    1
    Aug 16, 2007
    Professional Status:
    Licensed Appraiser
    State:
    Virginia
    Dear Mr Congressional Committeeman.. you must stop this HVCC... I need my bud Skip to do the appraisal so I can close my deal and pocket my commission.
     
  7. Mike Kennedy

    Mike Kennedy Elite Member

    457
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    NO PROB- give em the contract price and make em STARE at it at least every 5 minutes (new SOW RULE):new_smile-l:
     
  8. Joyce Potts

    Joyce Potts Elite Member

    74
    Feb 6, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Property values to stabalize and start going up? You're joking.

    But then this is a mouthpiece for the real estate sales community, isn't it?

    I predict lender pressure on appraisers will become worse because so many people have realized so much negative equity over the last couple of years.
     
  9. MISHEL1066

    MISHEL1066 New Member

    0
    Apr 15, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    AMC's Have Their "favorites" Too

    :fiddle:DONT THINK FOR A MINUTE THAT THE AMC's ARENT IN BED :huh:WITH THEIR FAVORITE APPRAISER OR APPRAISAL COMPANY

    IS THE HVCC GOING TO AUDIT THE AMC's THAT GIVE 100'S OF APPRAISAL ORDERS TO ONE COMPANY BECAUSE THEY GIVE THEM A SPECIAL "DEAL" ON THE AMOUNT THEY CHARGE?
    IT HAS NOTHING TO DO WITH HOW CLOSE THE APPRAISER IS TO THE PROPERTY OR HOW COMPETENT THEY ARE ITS ALL ABOUT THE BENJAMINS....
    ITS BECOME NOT ARE YOU A GOOD APPRAISER BUT HOW LOW ARE YOU WILLING TO COME DOWN ON YOUR FEES TO GET THE JOB.....:nono:
     
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