ASA fired off quite the letter

[Zoe]

Agree 100% but the Stake Holders disagree with appraisers so we are no longer part of the equation.
I am sorry for appraisers but kinda like when General Motors purchased the California Public Transit The Red-Line in the Fifty s and then closed it down so they could sell more cars. We are the Red-Line Employees and Fannie is the General Motors. Officially being called and marketed obsolete so the public gets used to it and they will embrace the elimination of the appraisers.

Have you lost your mind?

Glenn you need help.

 

[djd09]

the unethical stakeholders thought no job no credit was no problem too...woke jokes

 

[George Hatch]

The law forces appraisers to buy USPAP - which is NOT regulated by the states who regulate us...duh

Remind me again, which law is that and how was that law passed?

 

[George Hatch]

BTW, I personally don't believe that they ( the stakeholders ) THINK they are good decisions. I believe they think they are willing to take a gamble they can get by with minimal downside and lots of profit if they make others believe they think they are good decisions.

The question is good for whom? Lenders who make a sliver of more profit from faster closings? In that sense, yes, the products are "good"...are they good for homeowners and the public? They are more convenient and consumer-friendly, but because of the large amounts of money at stake, idk if they are "good" for the public, markets, or homeowners.

It looks to me like you answered your own question there (the lenders are acting in their own interests and what they think is are good decisions for them). I don't know why it becomes "undermining" when I'm the one who making that observation instead of you.

 

[djd09]

CU is a risk-analysis tool that the GSEs are using to reduce their purchase of "risky loans".

Collateral Underwriter

Last Friday, in San Francisco, I was part of my local AI Chapter's Fall Conference event (65th year). This is a daylong event that is divided into a general session, and then break-out sessions lasting 1.5 hours each. I moderated a panel on CU and had two guest speakers, both work for banks...

appraisersforum.com

they even duped dennis...

 

[glenn walker]

Have you lost your mind?

Glenn you need help.

Zoe I was just agreeing with Grant- which is not very often LOL

 

[NJAPRAZE]

I think we all should consider getting on this bandwagon.
Our industry is on fire.https://www.appraisers.org/asa-news...ie-mae-to-expand-its-appraisal-waiver-program

David

not just on a national level... should also be done on a state level to consumer protection boards, state reps/senators, etc.

 

[glenn walker]

not just on a national level... should alStates have little to no so be done on a state level to consumer protection boards, state reps/senators, etc.

Individual States have virtually no say in what the GSE or Federal Regulators decide to do. In California our State Assembly and Senators are bought and sold by NAR because they give large campaign donations. Appraisers contribute almost nothing $$ to state leaders and so they have no voice. The public also does not care about appraisers problems. We are all alone on a deserted Island

 

[Terrel L. Shields]

Remind me again, which law is that and how was that law passed?

Then don't do it.... see how long your license lasts.

I can do all the non-FRT work I want without a license nor USPAP. So if USPAP was so important then why can I bypass it in many states? I mean you don't need a license in OK period. I talked to guy yesterday north of Tulsa who is so busy he is turning down work. He was certified a few years ago and I went to class with him. But he dropped his license to care for his ailing father and after he passed didn't bother to license again. You only need to "register" with Arkansas and ignore certification. Client banks are perfectly free to use "evaluations" in lieu of a certified appraisal. I mean that is basically what FNMA is doing. Bypassing certification to use non-certified appraisals, waivers, hybrids, AVM's etc.

Individual States have virtually no say in what the GSE or Federal Regulators decide to do.

We have a winner.

 

[glenn walker]

The Op -Ed- Really Says Your Career as a Loan Production Appraiser can't be fixed so learn other Non-lender Things to make a Living and Join an Association.

To remove the last shred of independent, objective human perspective from the mortgage process –
however imperfect it may be – follows the trend we’ve all been living for some time. But somehow this
change feels more meaningful, as though an inflection point has been reached. Perhaps it comes down
to knowing all the men and women whose livelihoods are negatively affected by this change and what it
means for them personally, not unlike the buggy whip makers over a century ago.

Maybe it is the
impersonalization of home-buying, down to a simple exercise in getting what we want when we want it -
No matter whether we can, or should, or its affects on others writ large should markets turn.
For whatever reason, something feels so inherently wrong about Fannie’s direction, so detached from
how we can and should view the home buying process; one of relying on trusted professionals, members
of our community, to help us make an informed decision that will impact much of the rest of our lives.
Now, it is another box to be checked, a thing to be done, regardless of the answer to the bigger question
of “should we?”for appraisers, the future is clearer than ever:

Work directly with buyers who still care to know what their home is worth, without the encumbrance of over-designed forms and datasets. Find non-lending work in its many forms. Perhaps upgrade one’s credential or seek a designation to grow professionally. And, most importantly, keep the perfectly imperfect humanity to the question of value while always-seeking to do better at how it is answered and for whom the answer is sought.