65,000 Lenders and Mortgage Companies

[AppSystems]

I am going to survey 92,000 +/- Lenders and Mortgage Companies. I anticipate a response from around 65,000 (based on previous data)

So I ask any one that will professionally answer:
If you had an audience of 65,000 Lenders and Mortgage companies and had the opportunity to ask 1 question what would you ask?


The survey will be Proposed: Monday Nov. 17, 2008 and will end Friday Nov 21, 2008

I will put a link here (if allowed) ---LINK--- Monday morning and you can follow the results live.

It will be at the Moderator's / Forum Owners Discretion to remove it.

I will again assure you there will be no advertisements at this site.

Please note:
I do have prepared questions however not being an Appraiser I do value your input.
I propose this in an effort not to overlook any valuable subject matters.

Thank you in advance.

Anthony Lariscy
ps..I will post the results for you on a neutral website with no advertisements involved or on this forum if allowed.
pss..just a reminder: If you feel the question holds no value. Please feel free to ignore the topic.

 

[SRQCUB]

Got any weed?

 

[Conservative in Virginia]

Please let us have a link to your results when you are finished. I would hope the moderators here would allow you to publish the results or for sure the links to it.

I would also hope that comments such as 'got any weed' would NOT show up here...this reminds me of the stupidity that is Broker Outpost.. come ON SRQCUB- grow up!

OK.. ONLY ONE Question??? I have thousands but lets see.

Underwriting standards have intensified - not only have credit parameters become more rigid but so too has appraisal review. I note many lenders encouraging brokers to use Appraisal Management Companies - some with promises of reduced fees no appraisal reviews if they do so. My Question

With the current economic client and the growing competition amongst AMC's to get your business they are advertising lower and lower appraisal fees and the fastest turn time. The fee to the actual appraisal is in many cases perhaps 1/2 of the total fee.

Do you think that the drastic percentage cut in fee to the actual appraisal with the massive focus on speed will create an environment for even poorer quality, hastily thought out work ?

 

[SRQCUB]

Why the personal attack? Dude can't we all like get along, Dude, really Dude.

Ya and I would ask that question, after thousands of questions about mortages, fees, fraud, presure, turn times, independence with out influence, why haven't you paid me, etc...

Got any weed? Would be pretty damn funny, I'll take my freedom of speech. Don't tell me what to do.

 

[Craig Farr]

I agree with SRQCUB. I just don't think what AppSystems writes is worthy of seriousness. It is all parables and riddles, half-thoughts and detours.

Perhaps AppSystems can provide some evidence of the 'previous' huge survey with a 70% response rate (another reason to doubt AppSystems's efficacy and credibility).

 

[Craig Farr]

"Problems and solutions are always on an unbalanced scale. The more complex the problem seems the more simple the solution becomes. When your scale is balanced you've become imortal (sic)." - Anthony Lariscy

 

[Michigan CG]

Perhaps we can keep this on topic and answer the question instead of debating the credibility of the OP.

 

[Randolph Kinney]

I am going to survey 92,000 +/- Lenders and Mortgage Companies. I anticipate a response from around 65,000 (based on previous data)

So I ask any one that will professionally answer:
If you had an audience of 65,000 Lenders and Mortgage companies and had the opportunity to ask 1 question what would you ask?

Please note:
I do have prepared questions however not being an Appraiser I do value your input. I propose this in an effort not to overlook any valuable subject matters.

Thank you in advance.

Anthony Lariscy
ps..I will post the results for you on a nuetral website with no advertisements involved or on this forum if allowed.
pss..just a reminder: This question is not about me and you don't have post. Feel free to ignore the topic.

Going forward, how are you going to cut the cost of making a loan?

Going forward, how are you going to improve the quality control of valuations used in lending?

Going forward, do you intend to rely more so on appraisals for lending decisions than other valuations that could be used?

 

[PropertyEconomics]

How do you view appraisals as part of the lending process?

May as well get the truth out very quickly. With all due respect making it about fees does not provide any information to us that is helpful and only suggests that we are more interested in money than in quality. I would like to know how they really view the appraisal as part of the process. The answers could be very telling.

 

[Jerry Bone Jr]

If you had an audience of 65,000 Lenders and Mortgage companies and had the opportunity to ask 1 question what would you ask?

Got any work for me?