Tell us how you really feel about appraisers ...

[glenn walker]

Why does that bother you so much? You can’t seem to get past it.

And I did use my real name when I first joined this site 20 years ago. I got banned from my political views.

I wouldn’t use it now. It was a more ethical profession back than now there’s too many unethical snake oil salesman around.

just a reminder that your opinions are fine but when calling out others at agencies or other professionals by their their real god given names your personal liability goes way up. Like Mike Tyson used to say we all have big mouths until someone puts their fist in our face. Lmao )

 

[alebrewer]

Nope. My reputation has not been damaged one single bit by any accusations of bias. The reason why is because, by performing services in a credible manner, I can uphold my own reputation. I cannot affect the outcome of how the 'public' regards appraisal services. I can only affect the outcome of how my clients regard my appraisal services.

Again - is the public trust upheld by appraisers who perform credible services? Yes. Is it my job to uphold public trust? Absolutely not.

For the record, and with respect to 'bias' allegations, it's interesting that example is cited. As it turns out, the narrative was developed IN SPITE of appraisers performing credible services.

 

[George Hatch]

As a concept
Public trust in the appraisal profession means the same as public trust in the plumbing profession. Or public trust in restaurant profession. The starting point for each will begin with the one service and the one patron.

There are other reasons, but IRL the most common reason for citing the interests of the taxpayers is to justify asking the govt to intervene and prohibit the lenders from doing things we don't like. Its all about the fee and the book of work. The appeal to the altruistic interests amounts to a thinly veiled attempt at plausible deniabilty that it isn't really all about the money.

There's nothing wrong about seeking a better payout, but cloaking that legitimate interest with the pearl clutch that the market will run amok if we don't get paid right isn't going to work.

 

[chad hampton]

just a reminder that your opinions are fine but when calling out others at agencies or other professionals by their their real god given names your personal liability goes way up. Like Mike Tyson used to say we all have big mouths until someone puts their fist in our face. Lmao )

They are in the public eye. Not me. They put themselves there. They can change and do the right thing anytime they want.

 

[Gobears81]

Part of the problem is the brokers and loan officers telling the borrowers in the beginning that appraisals are a costly and unnecessary cog in the process, then on the back end, there is critique of the appraisal by multiple parties that the appraiser is not given the chance to defend against, given the restrictions in communication. More often than not, I've found this critique to be either misguided or outright wrong, but that is in the rare occasion that the complaints actually get back to me. No one is willing to defend appraisers - even IRS agents have the backing of the government.

 

[alebrewer]

Part of the problem is the brokers and loan officers telling the borrowers that appraisals are a costly and unnecessary cog in the process

To be fair, if you were an MB, LO, or RE agent, you'd most likely see appraisals as costly and unnecessary as well.

 

[George Hatch]

Refer to quote below
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[J Grant]

As a concept
Public trust in the appraisal profession means the same as public trust in the plumbing profession. Or public trust in restaurant profession. The starting point for each will begin with the one service and the one patron.

There are other reasons, but IRL the most common reason for citing the interests of the taxpayers is to justify asking the govt to intervene and prohibit the lenders from doing things we don't like. Its all about the fee and the book of work. The appeal to the altruistic interests amounts to a thinly veiled attempt at plausible deniabilty that it isn't really all about the money.

There's nothing wrong about seeking a better payout, but cloaking that legitimate interest with the pearl clutch that the market will run amok if we don't get paid right isn't going to work.

You say this all the time, endlessly, as if it were some god like edict. Your stance on this undermines appraisers, by calling them hypocrites, even if you then claim it was not your intent.

A fee is part of appraisers' ability to survive economically, and real appraisers face a unique problem with fees impacted by regulatory issues and the HUD-bundled fee that AMC fee predation stems from. You're trying to equate an appraiser's concern about fees as meaning it is all about the money, and everything else is just an excuse is sickening. An appraiser can care aobut their livelihood and about the public trust at the same time. Who are you to declare that the two items of concern are mutually exclusive?

 

[J Grant]

Part of the problem is the brokers and loan officers telling the borrowers in the beginning that appraisals are a costly and unnecessary cog in the process, then on the back end, there is critique of the appraisal by multiple parties that the appraiser is not given the chance to defend against, given the restrictions in communication. More often than not, I've found this critique to be either misguided or outright wrong, but that is in the rare occasion that the complaints actually get back to me. No one is willing to defend appraisers - even IRS agents have the backing of the government.

I've heard quite a few people defend appraisers over the years, including loan officers and RE agents.

Some of the most disparaging comments come from embittered former appraisers or those who work in, or have a stake in a related capacity and stand to benefit from maligning the profession. Looks like they're winning. Is there karma out there? IF there is, come get 'em.. IF a RE agent or loan officer disparages an appraiser, they are not eating their own.

 

[Gobears81]

To be fair, if you were an MB, LO, or RE agent, you'd most likely see appraisals as costly and unnecessary as well.

If a property is selling for $400,000, the brokers take home somewhere around $20,000 and they typically need months to get the property from listed to closed. The bank might charge $2,000 and they have their own underwriting delays.

If the appraisal fee is $500, we get the smallest piece of the pie and only need a week or two for most residential reports. The timeline isn't any less than the other cogs, the perception is just that there is the least value added in this service, so everyone is trying to figure out how to "streamline" the process by getting rid of the appraisal. It also goes to show what stage of the market we are in, as I recall a USPAP teacher saying that people are interested in knowing our outcome in bad markets.