New URAR form - help wanted -

[djd09]

I doubt he's in the waiving department.

doubt or know....so lets go to the source....how many appraisal did you waive this week

 

[chad hampton]

You don’t get to have a front row seat to the managed decline of this profession over the last 15 years and still be called brilliant and honorable. I’ve got a few other words that come to mind.

 

[djd09]

You don’t get to have a front row seat to the managed decline of this profession over the last 15 years and still be called brilliant and honorable. I’ve got a few other words that come to mind.

Thread 'Freddie Mac Says We Need to Lower Appraisal Cost'

Jul 7, 2023

Meanwhile, they made 3 billion dollars in profit in the first quarter. The GSEs are taking the consumer to the cleaners. Talk about market interference. The smearing and disinformation of appraisers continue.

• Mejappz
• Replies: 122
• Forum: Fannie Mae, Freddie Mac, USPAP

• 
• 

where is mej...

 

[George Hatch]

You don’t get to have a front row seat to the managed decline of this profession over the last 15 years and still be called brilliant and honorable. I’ve got a few other words that come to mind.

If you wanted job security then you should have gotten a job. And then hope you don't get laid off (we're going to go in a different direction) like what happened to me the last time I held a job. That employer cut so deep they actually rehired me and one more appraiser before laying off the entire dept 6 months later. So I got laid off twice.

Pro-tip: "self-employed" is not a profession. It's a risk/reward compromise, same as getting a job.

The profession isn't a business and the business isn't a profession.

 

[djd09]

july fourth isn't the only independence day...

 

[Tom D]

The profession isn't a business and the business isn't a profession.

I think that when you and i started it was a professional business, and having a given professional designation. Certification dumbed it down, the start of this isn't a business.

That is because we were doing it better than the previous index card value appraisers. The lenders were happy to have so much info. And most people didn't see us till they refi or sold. The shadows are always a safer place to work.

 

[J Grant]

If you wanted job security then you should have gotten a job. And then hope you don't get laid off (we're going to go in a different direction) like what happened to me the last time I held a job. That employer cut so deep they actually rehired me and one more appraiser before laying off the entire dept 6 months later. So I got laid off twice.

Pro-tip: "self-employed" is not a profession. It's a risk/reward compromise, same as getting a job.

The profession isn't a business and the business isn't a profession.

The vast majority of professions (including the non-lending side of the appraisal profession ) are not heavily regulated on the side of the client to allow such third-party predation. What other profession can you name that saw its professionals ( appraisers ) lose ther clients overnight because of a regulatory decision ( the HVCC )

None that I am aware of. Post HVCC, appraisers literally lost their client base of lenders overnight, and the next day those same client lenders were ordering through an AMC and the work was the same but the fee to the appraiser was slashed to one third or half. A small segment of appraisers like myself were able over the years to claw back for enough direct lender or wholesale work to exape the AMC order world but most were not. Some quit the business entirely, a few were able to upgrade to CG or build up private work ( so they say, I have my doubts if any res appraiser gets enough privve work to make a living from it )

The non-lending side of the appraisal profession was not affected by the HVCC and later Frank Dodd with its perk to the lenders of the blended fee on the HUD copensaing the AMC from the appraisal fee, which is why private res work and commercial work still has clients allowed to order without the same regulatory onus and thus their fees were not affected by it.-

 

[TerryRohrer]

A History of Failure: Government-Imposed Corporate Breakups - AAF

Executive Summary A number of outspoken advocates are pressing for the government to break up the biggest tech firms, yet today is not the first time large and powerful companies have been the targets of such action. During the Progressive Era of the early 20th century, the Department of Justice...

www.americanactionforum.org

What Is Killing the US Coal Industry?

Other

siepr.stanford.edu

Minimum Wage Hikes Are Leaving Casualties in their Wake - MinimumWage.com

Decades of economic research has documented how minimum wage hikes cause employment loss and business closures. In a year with a record number of wage hikes and historic inflationary increases, 2023 has seen mass business casualties, particularly for the restaurant industry, as a result of the...

minimumwage.com

Daines, Risch: Biden Administration Report Admits Cancelling Keystone XL Pipeline Killed Thousands of Jobs, Cost Billions - Senator Steve Daines

U.S. SENATE – Senators Steve Daines (Mont.) and Jim Risch (Idaho) today issued the following statements in response to the Biden administration releasing a past-due report demanded by the two senators and required by law that had the administration give a detailed account of the effects of its...

www.daines.senate.gov

 

[George Hatch]

Govt basically created the mortgage-lending side of the appraisal business. The govt giveth, the govt taketh away.

"Nobody wants an appraisal. They just want to know what the value is. " That's the IRL starting point in any discussion relating to the morality of the judgement these lenders and investors are using.