This is why I got out of this profession

[chad hampton]

I wonder if waivers will be a cost savings in the long run? Saving 200 may cost billions.

Of course not ordering a professional report for a home loan will save money immediately. Sort of like saying if there weren’t AMC’s in this industry, it would save money.

 

[gregb]

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Five years toll is ticking since the 2019 secrecy order for the Wiley deposition in the FTC case vs Louisiana state board covering Danny's role, wearing another hat as an AMC lord, where lowering cost to the homeowner appears to be low priority.

https://www.ftc.gov/system/files/documents/cases/080119nonpartyservicelinkunopposedmotion595420.pdf

 

[Mejappz]

Five years toll is ticking since the 2019 secrecy order for the Wiley deposition in the FTC case vs Louisiana state board covering Danny's role, wearing another hat as an AMC lord, where lowering cost to the homeowner appears to be low priority.

https://www.ftc.gov/system/files/documents/cases/080119nonpartyservicelinkunopposedmotion595420.pdf

Funny how that works, hey.--When part of your job is jacking up the appraisal fee to the consumer to make as much profit as possible, everything becomes “secret” and “proprietary.” But when your goal is to monetize valuation, you suddenly become an advocate for the consumer. LOL

 

[glenn walker]

Five years toll is ticking since the 2019 secrecy order for the Wiley deposition in the FTC case vs Louisiana state board covering Danny's role, wearing another hat as an AMC lord, where lowering cost to the homeowner appears to be low priority.

https://www.ftc.gov/system/files/documents/cases/080119nonpartyservicelinkunopposedmotion595420.pdf

You represent who your employer is and what their goals and agenda are.
If I was employed by a AMC then thats who I get paid to represent. If I am employed by a GSE then that who pays me to represent them. If I am a self employed fee appraiser then I am going to try and sell what gives me the most bang for the buck and highest fees. If I want to preach ethics and morality I would not be involved in the Real Estate Industry becuase its all about money and fees.

 

[DWiley]

Five years toll is ticking since the 2019 secrecy order for the Wiley deposition in the FTC case vs Louisiana state board ...

Anyone waiting to read my deposition in that case will have to wait a lot longer than 5 years; I gave no deposition in that case.
The documents covered on by the Declaration are listed on pages 21 and 22, if you wish to double check. They are all confidential business docs. No depo.

 

[Mejappz]

You represent who your employer is and what their goals and agenda are.
If I was employed by a AMC then thats who I get paid to represent. If I am employed by a GSE then that who pays me to represent them. If I am a self employed fee appraiser then I am going to try and sell what gives me the most bang for the buck and highest fees. If I want to preach ethics and morality I would not be involved in the Real Estate Industry becuase its all about money and fees.

That is like saying if I were an employee of the mafia, I would be justified in using intimidation, violence, and bribery, to gain a foothold in legitimate businesses or hijack entire industries, to maximize profits. Service Link(LSI) should have never been allowed to operate as a business after the financial crash of 2008.

 

[Alsie35]

Boy this thread has really gone off the rails (don't they all sooner or later?) Better unfollow ... the email notifications of new posts are interrupting my work ...

 

[DWiley]

....when your goal is to monetize valuation...

Now I am really confused. I thought monetizing valuation was your goal. You do sell appraisals, right?
My goal is solid risk management that is based on actual data, not emotion and speculation.

 

[glenn walker]

That is like saying if I were an employee of the mafia, I would be justified in using intimidation, violence, and bribery, to gain a foothold in legitimate businesses or hijack entire industries, to maximize profits. Service Link(LSI) should have never been allowed to operate as a business after the financial crash of 2008.

Yes exactly if you work for the mafia then you represent what they pay you to do. If its against your morals or ethics you quit and become a preacher

 

[glenn walker]

I wonder if waivers will be a cost savings in the long run? Saving 200 may cost billions.

Of course not ordering a professional report for a home loan will save money immediately. Sort of like saying if there weren’t AMC’s in this industry, it would save money.

Both statements are true and in America the immediate results are all that matters . We can worry about long term results when long term arrives. So far the long proven "Wash- Rinse Repeat" has worked out just fine