Aloft Appraiser Toolkit

[djd09]

USPAP is so corrupted...that the state boards thought due dates were assignment conditions

 

[djd09]

minimums with no maximums....insanity

 

[George Hatch]

What do you think a "maximum standard" would look like? Have you ever seen one? Do you think there a maximum standard for virtue or religiosity?

Use your words. Those **** emojis aren't very persuasive.

 

[Surf Cat]

Then after the screams about the Mortgage Brokers the Independent Fee appraisers were handed over to the AMCs. Now the AMC's and Revaa replaced the MB as the evil enemy.

Boom..... there it is..... when appraisers shot themselves in the foot and the wheels came off the wagon..... the end of Independence.

"Boo hoo.....the mortgage broker says they won't hire me if I don't hit the value". No spine to just say no. No comprehension that there were plenty of fish in the sea to sell their services to.

"Boo hoo.... the mortgage brokers are sending me all these comp checks". Again, no comprehension on how to start marketing to different mortgage brokers with all the lenders that you were approved with or to simply say "no" and reiterate how dependable and reliable you've been.

Now look at this mess we're in.....

 

[George Hatch]

So what you're saying is that the elimination of 700,000 MBs from the appraisal engagement loop didn't prevent the 1400 lenders and AMCs from committing however many offenses they had already also been committing.

That's a fair point. A very fair point.

However and in counterpoint, 1400 lenders and AMCs is a much smaller and more readily monitored number than 700,000. And that aggregation of the volume will result in the inevitable paper trail showing whatever patterns of conduct (good or bad) those pipelines are engaging in. It is precisely the ability to hold them to account that matters, even if not adequately enforced in real time. The regulators CAN come back after the fact and zero in on the individuals themselves.

I guess the actual estimates vary, but not the reasoning. Whatever the numbers someone wants to argue, it's still easier to regulate the comparative few than to regulate the many.

 

[Surf Cat]

USPAP and NATO should both be ended . The country doesn't need either one.

My time is here to take it again. I swear to God.... if I get the Vaudeville singing USPAP instructor again.... I may end it all right then and there....

 

[djd09]

Boom..... there it is..... when appraisers shot themselves in the foot and the wheels came off the wagon..... the end of Independence.

"Boo hoo.....the mortgage broker says they won't hire me if I don't hit the value". No spine to just say no. No comprehension that there were plenty of fish in the sea to sell their services to.

"Boo hoo.... the mortgage brokers are sending me all these comp checks". Again, no comprehension on how to start marketing to different mortgage brokers with all the lenders that you were approved with or to simply say "no" and reiterate how dependable and reliable you've been.

Now look at this mess we're in.....

its better then that...the mortgage broker now estimates value without USPAP or a license making the GSE's the largest appraisal firm in the history of the world

 

[George Hatch]

My time is here to take it again. I swear to God.... if I get the Vaudeville singing USPAP instructor again.... I may end it all right then and there....

The Calypso instructor does an okay job. Which I wouldn't say that if I didn't think so.

You're a regular here so you're already getting 20x more exposure to these ideas than the average appraiser gets in a licensing cycle. That's why the update course is all review to you.

 

[Surf Cat]

So what you're saying is that the elimination of 700,000 MBs from the appraisal engagement loop didn't prevent the 1400 lenders and AMCs from committing however many offenses they had already also been committing.

That's a fair point. A very fair point.

Their offenses was none of my concern.

My concern was all areas from financing to GLA in the market Grid met all components of bracketing and or equality and similarity. That I met the particular lenders requirements. That my analysis was an objective, professional analysis. And of course, getting paid at the door.

 

[glenn walker]

There is no solution and sometimes folk's just have to accept the facts. Year's sgo a old man owned a Los Angeles company.

He employed over 200 people and the family business started in 1900 for over 100 years. I helped him sell two warehouses. And he stated that it's harder sometimes to close something than to open and start fresh.

His business was manufacturing mops and brooms and by mid eighties, Price Club now Costco, had gone into selling janitorial supplies, mops, brooms etc.

They were purchasing from China and Mexico at prices of 30% to 40% less than it cost him to make here. It was over and he knew it, but he was angry, at our govt and everyone who ruined his operations but then one day, he accepted it and closed it down.

If he had been an appraiser, he may have squeezed out another year or two, and whined and cried, but he was realistic and the calculator doesn't lie so he didn't fight it anymore. USPAP, AMCs. Hybrids and add on fees, and less volume appear to not going away.