AMC hires Convicted Felon as Property Data Collector

[glenn walker]

That's true, however,
when you're not paying people enough money to live, just because they haven't been caught yet, doesn't mean they haven't figured out they need another way to survive. And heck, it's not like they couldn't sell their info to someone else who couldn't pass a background check.

Stop trying to create menial jobs, and everyone will be safer, and better off.

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Stop trying to create menial jobs, and everyone will be safer, and better off.

We do not know if they will be menial, we may find some make more than appraisers in this environment without the educational and costs we have to bare.

 

[glenn walker]

All that really matters is how does it effect your income and business model. What the inspector makes is of none of our business and we are not engaging or hiring him, so who cares if he is licensed or a criminal thats his employers problem not ours.

 

[George Hatch]

That's true, however,
when you're not paying people enough money to live, just because they haven't been caught yet, doesn't mean they haven't figured out they need another way to survive. And heck, it's not like they couldn't sell their info to someone else who couldn't pass a background check.

Stop trying to create menial jobs, and everyone will be safer, and better off.

.

IMO that amounts to a "society made me do it" line of reasoning. IRL most people care more about the effects of the offense being repeated than they care about whatever external factors that offender claims compelled them to commit those offenses.

As I commented earlier, I think the rapid evolution of the cubicasa type apps will serve to significantly limit the REL of the paid-inspector gig anyway. When this controversy started I initially thought that those appraisers who enjoy being "out" might do better for themselves by sticking to doing the inspections, only doing them to a high level (FHA-style or better). That their way forward was to outperform their competition.

Now I realize my previous speculation is being overtaken by events in the tech curve. Now I'm thinking that gig will likely end up being a dead end regardless of how well the practitioners perform. For now, the drones need transportation to the site, so maybe there's a drone operator/driver opportunity out there that might have some legs. They can use their flyer drones to do a 360* of the exterior and get those exterior images and measurements, and then send in robodog to do the interiors. The 2-drone approach.

MAYBE they'll engage these drone drivers to also drive some of the comps that haven't already made their way into the databases; so their flyer drone isn't just being used to do the exterior measurement of the subject but also of a couple of the comps. Or of the listings prior to them even going under contract.

Kinda like ZAIO was trying to do with their exterior inspections, only limited to measuring and getting close ups of the exteriors of the the listings.

 

[Meandering]

We do not know if they will be menial, we may find some make more than appraisers in this environment without the educational and costs we have to bare.

Sure, because it's not like the price of gas/tires/oil, and an EV will impact them. oh, and don't forget there is now going to be a $23 a day NY tax to drive in to Manhattan, yup gonna need at least 3 of those $25 dollar inspections a day to cover those expenses in NY, everyday.

Plus fixed expenses, car insurance, internet, cell phone. Heck appraisers ought to be able to run the numbers to see how much volume at what prices, over average miles needed to travel, to see what such a gig will need to pay to produce a livable wage. Then, figure in the seasonal nature, and yeah, everybody needs a pay cut to support bigger AMCs.

 

[Meandering]

IMO that amounts to a "society made me do it" line of reasoning. IRL most people care more about the effects of the offense being repeated than they care about whatever external factors that offender claims compelled them to commit those offenses.

As I commented earlier, I think the rapid evolution of the cubicasa type apps will serve to significantly limit the REL of the paid-inspector gig anyway. When this controversy started I initially thought that those appraisers who enjoy being "out" might do better for themselves by sticking to doing the inspections, only doing them to a high level (FHA-style or better). That their way forward was to outperform their competition.

Now I realize my previous speculation is being overtaken by events in the tech curve. Now I'm thinking that gig will likely end up being a dead end regardless of how well the practitioners perform.

The tech curve still won't smell the mold or the wavy floors, or the loud neighbors.

But it's only appraisers that are persevering the public trust, while accepting desktop work, so it is what it is, and the rest know to shut up and conform as long as possible, or just walk away. Because the power money grabbers are gonna keep pushing until something really bad happens, which is how we wound up with appraisal requirements in the first place.


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[Meandering]

Do security guards get background checks??

Texas mall massacre gunman 'had neo-Nazi beliefs': Mauricio Garcia, 33, worked as security guard before firing AR-15 more than 100 times, killing eight people, including children ​

How about people with driver's licenses?

SUV driver 'intentionally plows into crowd outside a Texas migrant and homeless shelter - killing at least seven and injuring six others ​

Or even a young person, looking for work, think a background check would stop this?

'She was a baby with so much life left to live': Teenage girl, 17, is shot dead and five others wounded after gunman opened fire outside house party in northern California ​

Is there a correlation between violent outbursts and political things?

But PDCs would never have mental health issues, they might lose their clients and be out of work........................................................................................

 

[George Hatch]

You're right. The tech won't be capable of doing everything a human is capable of (but sometimes doesn't do anyway). The lenders and their investors will still have to quantify the effects of the additional risks which they are incurring.

I don't have anyway of knowing, but my PFA guess is that their estimates of the effects of that additional risk probably look a lot different than our estimates.

 

[George Hatch]

Do security guards get background checks??

Texas mall massacre gunman 'had neo-Nazi beliefs': Mauricio Garcia, 33, worked as security guard before firing AR-15 more than 100 times, killing eight people, including children ​

How about people with driver's licenses?

SUV driver 'intentionally plows into crowd outside a Texas migrant and homeless shelter - killing at least seven and injuring six others ​

Or even a young person, looking for work, think a background check would stop this?

'She was a baby with so much life left to live': Teenage girl, 17, is shot dead and five others wounded after gunman opened fire outside house party in northern California ​

Is there a correlation between violent outbursts and political things?

But PDCs would never have mental health issues, they might lose their clients and be out of work........................................................................................

The point is obvious - there are no guarantees. There is no zero-defect solution.

But what there is can be characterized as more vs less; better vs worse.

 

[Meandering]

The point is obvious - there are no guarantees. There is no zero-defect solution.

But what there is can be characterized as more vs less; better vs worse.

And the more should go to the "professionals" that risk losing, not just their licenses and their clients, but their livelihoods. Instead of restricting them to less, so those with less to lose can find something that won't be enough.


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[Mejappz]

The tech curve still won't smell the mold or the wavy floors, or the loud neighbors.

But it's only appraisers that are persevering the public trust, while accepting desktop work, so it is what it is, and the rest know to shut up and conform as long as possible, or just walk away. Because the power money grabbers are gonna keep pushing until something really bad happens, which is how we wound up with appraisal requirements in the first place.


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Exactly! The appraisal profession is under attack from powerful interests that exploit i.e. AMCs, GSEs, and big tech to lower costs and standards. Class Valuation hires a **convicted felon** to inspect homes without proper oversight or accountability. How can appraisers, who must follow strict rules of business, ethics, education, and experience, compete with such practices? They risk losing their livelihoods to part-time gig workers or criminals who have nothing to lose. This situation is unfair and unsustainable. Imagine if an appraiser hired a felon as their trainee. Lenders and regulators would probably blacklist them immediately.