AQB Update On Proposed Changes To Appraiser Qualifications

[Evincere]

I keep interjecting AMC's because they are behind the AQB changes for reducing education and training.

If they are behind (not necessarily disagreeing with you on this because I have seen the print) reducing qualifications and training, who is in front?

 

[timd354]

I keep interjecting AMC's because they are behind the AQB changes for reducing education and training.

You are kidding yourself if you think that many if not most of the major lenders and the major secondary market players (i.e., the GSE's) are not also behind the proposed AQB changes...there is no chance that this proposal was made without their support.

 

[J Grant]

These are statements made repeatedly in posts: a degree is just a piece of paper, they are worthless, they are paid for not earned, college does not make anyone smarter, or more educated, or more ethical....is that not dumping on it? And then examples trotted out of college grads who ended up in loser jobs or not earning high incomes.

 

[George Hatch]

What you state has been in place for decades, and it has not worked in the past. The "tribe" managing/selecting its own has led to the worst practices succeeding on the res lending side.

Since it did not work before, why would it work going forward?

The CGs of the tribe did just fine with their exercise of restraint. The supply/demand dynamic for the CGs in my state NEVER strayed from a reasonable balance. Moreover, our appraiser population is by far the largest in the nation. I think we're still close to having as many appraisers in CA as in the next 3 largest appraisal populations in the U.S.. It's certainly greater than the sum of the next 2 largest states.

I think the demonstrated pattern of conduct of the CGs in my state speaks quite well to what can and cannot be considered a reasonable expectation for tribal conduct.

 

[Evincere]

These are statements made repeatedly in posts: a degree is just a piece of paper, they are worthless, they are paid for not earned, college does not make anyone smarter, or more educated, or more ethical....is that not dumping on it?

And then examples trotted out of college grads who ended up in loser jobs or not earning high incomes.

So you're claiming there is no truth in any of your recitals?

 

[J Grant]

The CGs of the tribe did just fine with their exercise of restraint. I think that demonstrated pattern of conduct speaks quite well to what can and cannot be considered a reasonable expectation for tribal conduct.

The CGs of the tribe did just fine with their exercise of restraint. I think that demonstrated pattern of conduct speaks quite well to what can and cannot be considered a reasonable expectation for tribal conduct.

But the residential side did not work out, so what makes you think it would work for the res side now?

On the CG side, they have a set of factors present that are not there on the Res side that favors their outcome. 1) the increased coursework, and tests and time training acted as a kind of "college", in the sense that it created a barrier to entry and serve to t weed out those not capable of passing the tests/grasping the material. 2 ) The commercial work comes from more diverse sources, which did not allow AMC's or in the old days, mtg brokers to function as the worst "selectors" of who succeeds- in the mortgage broker days the prize went to number hitters, now it goes to cheap and fast.

CG side still has a number of high quality appraisal companies that offer supervised training, something that has virtually disappeared from the res side; which means the results of self monitoring would be even worse going forward on res end of the business.

 

[J Grant]

So you're claiming there is no truth in any of your recitals?

?? What made you conclude that? Every one of the people I spoke about are true. A couple of them have their criminal records on line but I won't post names, but yes, it is all true.

 

[George Hatch]

G Hatch, and the anti college crowd can dump on people with college degrees, and mock them, and bring up examples of ones they know that in their mind are losers, but when it goes in the other direction, you don't like it. Fine , dislike me for that post, but how does it feel when it is not only the college degree crowd being trotted out as bad examples?

I strongly object to the characterization that I'm dumping on education or on college degrees or anyone who holds them.

I'm still curious if you are actually assuming I didn't go to college just because of my opinions about what it does and doesn't take to be a competent SFR appraiser. If you think I'm a HS dropout then what do you think that says about my skills when compared to yours? If you think we both have the same level of academic education then what do you think THAT says about your skills when compared to mine? Bear in mind that these questions relate directly to the discussion of what it takes to be a competent appraiser.

 

[J Grant]

I never said you did not go to college, I said your stance is anti college.

 

[George Hatch]

But the residential side did not work out, so what makes you think it would work for the res side now?

On the CG side, they have a set of factors present that are not there on the Res side that favors their outcome. 1) the increased coursework, and tests and time training acted as a kind of "college", in the sense that it created a barrier to entry and serve to t weed out those not capable of passing the tests/grasping the material. 2 ) The commercial work comes from more diverse sources, which did not allow AMC's or in the old days, mtg brokers to function as the worst "selectors" of who succeeds- in the mortgage broker days the prize went to number hitters, now it goes to cheap and fast.

CG side still has a number of high quality appraisal companies that offer supervised training, something that has virtually disappeared from the res side; which means the results of self monitoring would be even worse going forward on res end of the business.

Several states never did get too far out of balance and have become notorious for currently have a shortage of SFR appraisers. I'm sure others are closer to parity.