Background checks again.

[Adios]

Agree 100%. 23 years appraising, not one client has ever asked for a background check. Resume, work samples, E&O, license history and professional references are all legitimate client requests. Oh wait, JT cannot provide any of those items...

Yes we do provide those things for 8000 appraisers.

 

[sandpiperapp]

Appraisers should be rejoicing. All the planets are aligning for the best appraisers to be rewarded.

What appraisal planet are you on?

You and timd are on the same planet, spouting politically correct statements that have nothing to do with the realities of the typical boots on the ground appraiser.

The problem is, appraisers are on Earth, and Jt and timd are on Uranus.

Your insistence that background checks are going to reward us and make us rejoice is, well its asinine.

 

[Evincere]

I am a little curious.... You seem to be against all forms of due diligence. How exactly do you think lenders should select an appraiser?

"
Are you serious? How do you select a doctor, or lawyer, or accountant, mechanic, dentist or anyone whose trust is necessary to build a business or establish a relationship.

You actually think that setting up these nifty little operation/service platforms with conforming niches and checkpoints consisting of itemized lists of perfunctory documents is a measure of due diligence or a consummate, consolidated selection process?

No. Flip the coin since you're just a little curious. You're the expert "appraiser panel management arranger" trying to operate as a go between match maker and still make a living doing it.

You go and explain to your people whose ear you claim to have, how their expanding, jump on the bandwagon everyone's doing it profit driven broadcasting systems are alienating the better, best and really good appraisers; how having Appraisers answer to non English speaking clerks in Bombay who read from checklists is more than just a little insulting.

Explain to them in depth the reality of the nickel and diming and penalties and threats of tier reduction based upon absurd performance times or minor errors.....explain to them this does absolutely nothing to help your lenders obtain the professionals they desire.

And If you doubt me, go ahead, invite your Lender "chief" friends here for some real world friendly dialogue.

They can stare at resumes, credentials, pick through bc's and samples all day long and still come up with a crapshoot that makes throwing darts at a bulls eye look like even more of an appealing, due diligence selection process.

Your Lenders problem like most problems is a human one. People are involved and overall, I'd say, rather unique group people. On one side, we have a very structured, anal, time clock, bean counter mentality trying to pigeon hole a very independent niche industry of a less than 100k nationwide into abject obedience.

To your Lenders misfortune and chagrin, they are dealing with a very distinctive personality type that resists and resents the "employee" indoctrination approach.

You harping about like the Borg on behalf of your clients that resistance is futile and assimilation is inevitable will leave your lenders in a quandary pleading congress to dismantle FIRREA because they have no Appraisers. And that sister, just aint gonna happen.

Everyone in the financial world claims they want to fix the problems and wants only the "best" but none want to take the time or invest the money it will take.

And if you say you have already and repeatedly "explained" the existing, inherent problems to your clients to no avail and encounter resistance, then you are just wasting your time here, and our time with your recruiting efforts on their behalf.

 

[Evincere]

Some are going for the appearance of compliance. Most everyone wants an easy button and they don't want to do the work.

.

And so, they hired you to do the really really dirty work.

 

[Non Sequitur]

I had a nice conversation with the OCC last week on this topic. There never will be a reg that states that background checks must be run, what type and so on.

Every now and then a little bit of truth slips out.

My concern, and it should be yours, is that some companies are actually performing a pass/fail on the appraiser based upon their background check.

No concern, it's how it should be. Either you fall within the lender's background check parameters or you don't. No need for anyone to have and store the background check information, good or bad.

I confirmed that that is not an acceptable practice.

Bull. It's done every time a firearm is purchased.

The background check company is even issuing a decline letter to the appraiser.

As they should, if you fail one during a gun purchase the vendor is supposed to give you a pamphlet which explains your rights and how to object if you believe there's an error.

You should be concerned about privacy.

We are and....

I had two AMEX accounts hacked over the past few months. And I had my Gmail account hacked and an email sent to my financial planner asking for a withdrawal.

....you want appraisers to trust you with their data?

They order the background check, they decide to share it or not.

In your own words you violated this, twice.

The other issue the OCC brought up was that indeed there will be rules on C&R. That is what they said at the CRN meeting last October. It was reiterated last week. I know it can't come soon enough.

Oh give it a rest, I don't think even the C&R zombies believe this anymore.

 

[Evincere]

Agree 100%. 23 years appraising, not one client has ever asked for a background check. Resume, work samples, E&O, license history and professional references are all legitimate client requests.

Oh wait, JT cannot provide any of those items

...

Ahhh but She dosent have YOURS in particular. hey gregb...JT vants you.

Me thinks your last sentence went right over her head though. :icon_mrgreen:

 

[Non Sequitur]

Joan .... what you did is inexcusable.. I dont care how you parse it, coat it, justify it ... It is dishonest... you will never see it of course ... but the actions should cause appraisers great pause when joining anything you create ... frankly there is an aura of not being able to trust they should take very very seriously.

Exactly. If you believe her, Joan found a child ****ographer among a lender's panel. What happens the next time Joan decides to pull background checks on every appraiser on a lender's panel [without anyone's permission-including the lender's] but she doesn't find a child ****ographer? Will she resort to pointing out all of the DUIs? Or all of the disturbing the peace offenses? Just what will she do when there are no child **** monsters? I don't think it's a stretch to believe the background check data will be "highlighted" in any possible way to promote Joan's business.

Odd that you all bait me to divulge backgrounds yet when I redact them you skewer me. I have never divulged anyone's private information.

You laid that stinky mess unsolicited and all by yourself. And yes you did reveal private information. Ask any LEO if he can distribute "redacted" background checks. You'll find the first big no-no is the act of pulling one without cause or permission, and yes the second big no-no is sharing the info whether or not the name is redacted.

 

[Meandering]

Ask any LEO if he can distribute "redacted" background checks. You'll find the first big no-no is the act of pulling one without cause or permission, and yes the second big no-no is sharing the info whether or not the name is redacted.

Aw come on,

you didn't expect Joan to act all legal like when she could make a buck and screw an appraiser in the process? Come on, this is Joan we're talking about.

No Eli we are not building a platform. But we are integrating with those who do. We are focused on the compliance and due diligence of the appraiser. We aren't focused on the appraisal.

Who is WE?

While Marion believes everything in the regs must be prescriptive they are not and never will be. The regulations and guidance are principals based. I had a nice conversation with the OCC last week on this topic. There never will be a reg that states that background checks must be run, what type and so on.

Frank/Dodd

``(d) Registration Limitations.--An appraisal management company
shall not be registered by a State or included on the national registry
if such company, in whole or in part, directly or indirectly, is owned
by any person who has had an appraiser license or certificate refused,
denied, cancelled, surrendered in lieu of revocation, or revoked in any
State. <<NOTE: Investigation.>> Additionally, each person that owns
more than 10 percent of an appraisal management company shall be of good
moral character, as determined by the State appraiser certifying and background investigation carried out by the State appraiser certifying
and licensing agency.

Sounds pretty prescriptive to me.

I really do get the angst part. I can't make it go away. I didn't write the rules but I am a staunch supporter obviously of regulations that support honest and competent appraisers. Always have been, always will be..

IAEG

VI. Selection of Appraisers or Persons Who Perform Evaluations

An institution's collateral valuation program should establish criteria to select, evaluate, and monitor the performance of appraisers and persons who perform evaluations. The criteria should ensure that:

The person selected possesses the requisite education, expertise, and experience to competently complete the assignment.

The work performed by appraisers and persons providing evaluation services is periodically reviewed by the institution.

The person selected is capable of rendering an unbiased opinion.

The person selected is independent and has no direct, indirect, or prospective interest, financial or otherwise, in the property or the transaction.

The appraiser selected to perform an appraisal holds the appropriate state certification or license at the time of the assignment. Persons who perform evaluations should possess the appropriate appraisal or collateral valuation education, expertise, and experience relevant to the type of property being valued. Such persons may include appraisers, real estate lending professionals, agricultural extension agents, or foresters.16

An institution or its agent must directly select and engage appraisers. The only exception to this requirement is that the Agencies' appraisal regulations allow an institution to use an appraisal prepared for another financial services institution provided certain conditions are met. An institution or its agents also should directly select and engage persons who perform evaluations. Independence is compromised when a borrower recommends an appraiser or a person to perform an evaluation. Independence is also compromised when loan production staff selects a person to perform an appraisal or evaluation for a specific transaction. For certain transactions, an institution also must comply with the provisions addressing valuation independence in Regulation Z (Truth in Lending).17

An institution's selection process should ensure that a qualified, competent and independent person is selected to perform a valuation assignment. An institution should maintain documentation to demonstrate that the appraiser or person performing an evaluation is competent, independent, and has the relevant experience and knowledge for the market, location, and type of real property being valued. Further, the person who selects or oversees the selection of appraisers or persons providing evaluation services should be independent from the loan production area. An institution's use of a borrower-ordered or borrower-provided appraisal violates the Agencies' appraisal regulations. However, a borrower can inform an institution that a current appraisal exists, and the institution may request it directly from the other financial services institution.


Yup, nothing about background checks for appraisers, and nothing from you noting how to qualify the education, experience and expertise of appraisers competent in various types of appraisals.



.

 

[gregb]

We are focused on the compliance and due diligence of the appraiser.

So you are focused on the due diligence of the appraiser? Sounds like an appraisal review function.

 

[Adios]

"
Are you serious? How do you select a doctor, or lawyer, or accountant, mechanic, dentist or anyone whose trust is necessary to build a business or establish a relationship.

You actually think that setting up these nifty little operation/service platforms with conforming niches and checkpoints consisting of itemized lists of perfunctory documents is a measure of due diligence or a consummate, consolidated selection process?

No. Flip the coin since you're just a little curious. You're the expert "appraiser panel management arranger" trying to operate as a go between match maker and still make a living doing it.

You go and explain to your people whose ear you claim to have, how their expanding, jump on the bandwagon everyone's doing it profit driven broadcasting systems are alienating the better, best and really good appraisers; how having Appraisers answer to non English speaking clerks in Bombay who read from checklists is more than just a little insulting.

Explain to them in depth the reality of the nickel and diming and penalties and threats of tier reduction based upon absurd performance times or minor errors.....explain to them this does absolutely nothing to help your lenders obtain the professionals they desire.

And If you doubt me, go ahead, invite your Lender "chief" friends here for some real world friendly dialogue.

They can stare at resumes, credentials, pick through bc's and samples all day long and still come up with a crapshoot that makes throwing darts at a bulls eye look like even more of an appealing, due diligence selection process.

Your Lenders problem like most problems is a human one. People are involved and overall, I'd say, rather unique group people. On one side, we have a very structured, anal, time clock, bean counter mentality trying to pigeon hole a very independent niche industry of a less than 100k nationwide into abject obedience.

To your Lenders misfortune and chagrin, they are dealing with a very distinctive personality type that resists and resents the "employee" indoctrination approach.

You harping about like the Borg on behalf of your clients that resistance is futile and assimilation is inevitable will leave your lenders in a quandary pleading congress to dismantle FIRREA because they have no Appraisers. And that sister, just aint gonna happen.

Everyone in the financial world claims they want to fix the problems and wants only the "best" but none want to take the time or invest the money it will take.

And if you say you have already and repeatedly "explained" the existing, inherent problems to your clients to no avail and encounter resistance, then you are just wasting your time here, and our time with your recruiting efforts on their behalf.

Wow, a long diatribe and yet you didn't answer the question. How would you vet an appraiser?