Surf Cat
Elite Member
- Joined
- Apr 21, 2003
- Professional Status
- Certified Residential Appraiser
- State
- California
I'll get ugiler Mr George. Do you want an unlicensed inspector?
It doesn't matter what GH wants, what you want or what all of the appraisers here on AF want. He who has the money has the power.
Borrowers whom want to refi are not looking to see which lender sends a licensed appraiser out. They're looking at whom has the lowest rates and which is the best deal for them. If that lender with the best deal happens to send out a PDC, a licensed appraiser or a stinking drone.....the borrower doesn't care as long as they get their cash out refi with the best rate. A super dooper bonus for the borrower would be a waiver.
Now.....if we were pilots, and we stopped and said we're not flying. Which is happening now by the way....we'd have some leverage.
The only leverage we had was that we would prevent a lender from making a poor lending decision. With how good collateral underwriter has become (thanks to us) that risk is low. They have the data. They don't require our services. Shoot....an Uber eats driver has more leverage because people are lazy and hungry.

