Virgina REAB and Portal Petition

[Carnivore]

These things don't stop Skiippy, and they don't promote Skippy. The point is that Skippy IS the problem, not file formats.

I agree Danny, Skippy is a problem along with Mortgage Brokers, Loan officers at major Banks, AMC's like Eape(they were caught and even admitted this fact in court) and many other players and participants.

The major point is the system is compromised and thus corrupted. Apparently only some people at this forum, a few state regulators and even fewer mortgage industry leaders want to actually fix it. Our(select group) goal is to change it so that appraisers dont bear all the burden. FNC in cooperation with major banks for example have placed appraiser users in an untenable and unfair position. This must change and it will happen soon by force of government! Mark my words.

Let me emphasis a previous point. There is NO legitimate reason to prevent appraiser users of AIport from retreiving and re-opening of their conversion ENV files and printing the file content exactly as it was transmitted to the Client.

 

[Ken B]

The major point is the system is compromised and thus corrupted. Apparently only some people at this forum, a few state regulators and even fewer mortgage industry leaders want to actually fix it. Our(select group) goal is to change it so that appraisers dont bear all the burden. FNC in collusion with major banks for example have placed appraiser users in an untenable and unfair position. This must change and it will happen soon by force of government! Mark my words.

Andrew,

you and your "select group" should not make the slanderous assumption that just because those outside your "select group" disagree with your means to the end, that they have no interest in "fixing the problem."

I generally dislike analogies, but let's compare the unethical appraiser who gives their client what they want with an unethical doctor who prescribes their patients with painkillers they don't really need.

Do you think the solution to the "Skippy" doctor is to require that all prescriptions must be submitted to a central clearinghouse prior to their delivery to the patient?

Of course not. A central clearinghouse, or vault, is not the answer to the problem.

The answer is proper enforcement using existing resources.

And everyone knows that the real issue some have against FNC is its approach to data collection. The cover argument that they promote unethical appraisers is no longer effective.

 

[Pamela Crowley (Florida)]

Not a 'cover argument'; just another insidious issue.

 

[Ken B]

I think I will start a new campaign.

Licensing should be terminated because it promotes unethical appraisers. Every unethical appraiser I know has a license. Licensing is obviously the problem.

 

[Pamela Crowley (Florida)]

Spin enough and maybe the main issues will be forgotten?

 

[Carnivore]

I think I will start a new campaign.

Licensing should be terminated because it promotes unethical appraisers. Every unethical appraiser I know has a license. Licensing is obviously the problem.

Got news for you Ken, your a day late and a dollar short on the above statement. Many, many prominent appraisers from AI and NAIFI have said the same thing as you on this forum over the past 6 years.

 

[Jonsey]

Andrew,

you and your "select group" should not make the slanderous assumption that just because those outside your "select group" disagree with your means to the end, that they have no interest in "fixing the problem."

I generally dislike analogies, but let's compare the unethical appraiser who gives their client what they want with an unethical doctor who prescribes their patients with painkillers they don't really need.

Do you think the solution to the "Skippy" doctor is to require that all prescriptions must be submitted to a central clearinghouse prior to their delivery to the patient?

Of course not. A central clearinghouse, or vault, is not the answer to the problem.

The answer is proper enforcement using existing resources.

And everyone knows that the real issue some have against FNC is its approach to data collection. The cover argument that they promote unethical appraisers is no longer effective.

If you don't like analogies, don't make them.

http://www.washingtonpost.com/wp-dyn/content/article/2007/05/21/AR2007052101701.html

http://www.washingtonpost.com/wp-dyn/content/graphic/2007/05/22/GR2007052200084.html

 

[peturner]

I cannot believe that I must agree that licensing probably has been the problem. It puts the Skippy right up there. Hardly anyone asks about the SRA anymore, or any other coveted and respected (in the past) Residential designations.
However, many in here have their noses in the sand, or positions to promote or defend in making so many erroneous statements.
This has been going on for a long time. Is data mining the issue? Hardly, my colleagues. Is it the touchstone? Perhaps. The beginning was a movement to get appraisers to voluntarily pony up to the data collection service(s). That was soundly defeated by just the professionals that it would directly impact. DEFEATED>can you understand that? So then..inventions were made in software that allowed such collections.....and the AMC's, software vendors, etc, etc, reassured their clients (the appraisers) that they were a direct conduit straight to the lender/client. HMMMM....then it got to the point after a couple of years.....it came to the public light that oh yeah....data is gathered.....collected.....perhaps stolen(?)......and then perhaps resold......all with the suppliers of this data being kept in the dark.....then it appears things grew.....more and more AVMs.....more and more AMCs....profit driven....with staff that did nothing but call state after state after state to find the lowest price point available.....and we all have lived long enough to know you get what you pay for.....then the responsible, committed, and loyal long time appraisers began to ask questions. Why are the best of the best being ignored? Why is there little to no business left to be proud of? Why is the NEWEST appraiser on the street the busiest......and THEY were so stupid as to admit that "oh yeah" I looked at 10 properties today, and have 8 to see tomorrow" AND WOW I am being paid $175.00 to $200.00 each.....what a deal.
So, with questions being asked, petitions put before Appraisal Boards, rocks being overturned...those that are serious, questioning, proud, and dedicated appraisers are being ridiculed and cajoled.....by their own serious colleagues who think they may have all the answers......wait until it lands in YOUR lap and it will be way too far gone.....I am seriously amazed at how we still attack each other....We have to work together...or we will have nothing to work for...all viewpoints should be openly discussed in a mature, objective, and fair manner. Not to the benefit of anyone or any special interest groups. The results are in.....this mortgage crisis has a LOT of blame to be spread around to a lot of entities.....I would only hope that the appraisal profession can have its place at the table to point out failures in THE system.....our failures as well as the other players.....who by the way do pay our fees which allows us to pay our bills.....please participate in a meaningful and constructive fashion....

 

[Ken B]

Pat,

thanks for the straightforward commentary. It is appreciated.

As a fellow SRA, I understand the consternation about the seemingly equal footing that inexperienced and poorly educated appraisers have with me. However, I don't think that the appraisal community could have prevented or could change the faster, cheaper, "give us what we need" mentality of the residential mortgage lender. Their regulatory agencies are the only ones that can correct those business practices.

The strong resistance you have observed to a "Vault" concept is that the same parties supporting that program are the parties who suggested an IVPI concept. Under that concept, a rotational assignment system would go even further to undermine those with experience and education. They say it isn't so, but how could it not? They say that assignments will be awarded only to certified appraisers with no allowance for those with trainees. So what is the incentive to take on the responsibility to act as a mentor for those trainees? The IVPI concept, as envisioned by some, would destroy the residential appraisal profession in a matter of years.

I, personally, see no hope of turning back the clock to a time when a residential appraiser with experience, education, and a designation meant anything at all to the residential mortgage client. I, personally, no longer do any residential work at all and, if I should start doing so in the future, I don't see any possibility that it will be for mortgage lending purposes. There is no incentive in it for me any longer. I have had non-designated residential appraisers ask me if they should pursue a residential designation. I have advised them that if their business model was to primarily perform appraisals for residential lenders, there was absolutely no need for a designation. Sad, I agree. But factual.

I started hearing at least 10-12 years ago that the one-man residential fee shop was a concept which would eventually no longer be feasible unless that appraiser specialized in something other than residential lending work. When the bottom fell out of the market in late 2005, I think we saw the beginning of the end for that business model.

So, with that, I wish all good luck and the foresight to plan for the future.

Best regards to all.

 

[Don Clark]

I cannot believe that I must agree that licensing probably has been the problem. It puts the Skippy right up there. Hardly anyone asks about the SRA anymore, or any other coveted and respected (in the past) Residential designations.
However, many in here have their noses in the sand, or positions to promote or defend in making so many erroneous statements.
This has been going on for a long time. Is data mining the issue? Hardly, my colleagues. Is it the touchstone? Perhaps. The beginning was a movement to get appraisers to voluntarily pony up to the data collection service(s). That was soundly defeated by just the professionals that it would directly impact. DEFEATED>can you understand that? So then..inventions were made in software that allowed such collections.....and the AMC's, software vendors, etc, etc, reassured their clients (the appraisers) that they were a direct conduit straight to the lender/client. HMMMM....then it got to the point after a couple of years.....it came to the public light that oh yeah....data is gathered.....collected.....perhaps stolen(?)......and then perhaps resold......all with the suppliers of this data being kept in the dark.....then it appears things grew.....more and more AVMs.....more and more AMCs....profit driven....with staff that did nothing but call state after state after state to find the lowest price point available.....and we all have lived long enough to know you get what you pay for.....then the responsible, committed, and loyal long time appraisers began to ask questions. Why are the best of the best being ignored? Why is there little to no business left to be proud of? Why is the NEWEST appraiser on the street the busiest......and THEY were so stupid as to admit that "oh yeah" I looked at 10 properties today, and have 8 to see tomorrow" AND WOW I am being paid $175.00 to $200.00 each.....what a deal.
So, with questions being asked, petitions put before Appraisal Boards, rocks being overturned...those that are serious, questioning, proud, and dedicated appraisers are being ridiculed and cajoled.....by their own serious colleagues who think they may have all the answers......wait until it lands in YOUR lap and it will be way too far gone.....I am seriously amazed at how we still attack each other....We have to work together...or we will have nothing to work for...all viewpoints should be openly discussed in a mature, objective, and fair manner. Not to the benefit of anyone or any special interest groups. The results are in.....this mortgage crisis has a LOT of blame to be spread around to a lot of entities.....I would only hope that the appraisal profession can have its place at the table to point out failures in THE system.....our failures as well as the other players.....who by the way do pay our fees which allows us to pay our bills.....please participate in a meaningful and constructive fashion....

I agree with what you have said. I wish I had the answer to our current problems, but, alas I do not. Perhaps it would be better if we had something equivilant to the Bar Association that lawyers have to be admitted to, or the CPA's, or investment bankers and brokers. I don't know. But, I do know that licensing has been a miserable failure. But, a federal licensure requirement on a national scale would be even worse. Just something to ponder when we have pondering time.