GSE Waiver & Data Collection Data

[Fernando]

The AVERAGE age? So 1/2 are 75 and 1/2 are 95? or 1/2 are 65 and 1/2 are 105? Demographics don't support that.
I'm not a statistics expert, but that statement is even more fallacious.
Keep diggin' that hole.

Does that include semiretireds who does appraisals for some spending money?

 

[sputnam]

Seriously, "...the average age of appraisers is about 85..." Really? I doubt that very, very, very much. 60-65 maybe; 85?!?!??, not a freakin' chance. Don't forget, we drive for a living, require D/L renewal, ins etc... That demographic doesn't hold up. And at the rate our fees have been eaten away by 'middle-man' parasites, why the heck would a young person want to enter the field of appraising? TPTB (the powers that be) have created this current anti-appraiser 'crisis' situation, so the solution seems to be to kill off the rest of the appraisers (financially), and let the Robots Be King!...
...which brings to mind the last time my computer didn't boot up properly & lost my data for that day, and the self-driving cars that are killing occupants/pedestrians & other drivers alike. Have an electronic/electrical glitch? Oops! how good is your data now if it's disappeared from 'the cloud'. Over-reliance on computers vs knowledge and 'eyes-on' experience of competent appraisers is a disaster waiting to happen.

I agree. I would like to see the data that supports the claim of 85.

 

[J Grant]

The average age is not 85, but experienced appraisers are an aging group. We must seem like dinosaurs to the young techies. What do they think will happen to them in time?? But I deigress. The greying of appraisers reflects that AMC fee predation reduced income propsects to the extent that the field became unattractive to newbies. It could be changed overnight of course, with a change to the way AMCs are compensated ( by the lender as a cost ) .

The other so-called they reference occurred during the cycle of super low interest rates. ( I doubt we will see it again)

The supply of appraisers is finite- which means there is an oversupply of appraisers during slow market cycles, a balance in stable conditions, and a "shortage" during a hot market. The shortage is related to the volume of work and disappears when things slow down.
The fact taht there can be longer turn times due to an inleastic supply of appraisers in a busy market cycle was their wxuste to flood the field witn non appraiser PDC collectors. There is a far larger supply of these unlicensed people- thus they can come and go, and who cares, and the fact that they are more numerous means their inspection fee can be pushed as low as possible. A big win for the AMC interests who mainly use the PDC collectors.

 

[chad hampton]

Pretty sure 85 must’ve been a misprint or error. I only know a handful of people that have ever lived to 85. And the ones that do, can’t make it through a day without at least two naps. They’re certainly long past the days of putting up with GSE bull****.

 

[Tim Hicks (Texas)]

I can't understand how appraisers can put up with the AMC underwriters and checkers. I just had a appraiser show me a revision request. The first line of his sales comparison stated "There only 29 town home sales in the past year in this small town and the subject builder built 28 of the sales." His revision request was "please comment of the lack of sales not owned by the subject builder." He said he responded three days ago that is was explained in the first line of the sales comparison. He has gotten the same revision request three days in a row since.

 

[chad hampton]

I can't understand how appraisers can put up with the AMC underwriters and checkers. I just had a appraiser show me a revision request. The first line of his sales comparison stated "There only 29 town home sales in the past year in this small town and the subject builder built 28 of the sales." His revision request was "please comment of the lack of sales not owned by the subject builder." He said he responded three days ago that is was explained in the first line of the sales comparison. He has gotten the same revision request three days in a row since.

Yeah, it's insane when you do an appraisal for one of these massive AMCs. The smaller ones seem to understand appraisals, but the larger ones are lost. I have no idea how they keep their lender clients. The revision requests are always a mess.

 

[Non Sequitur]

I have no idea how they keep their lender clients.

Connections.

Yeah, it's insane when you do an appraisal for one of these massive AMCs. The smaller ones seem to understand appraisals, but the larger ones are lost. I have no idea how they keep their lender clients. The revision requests are always a mess.

It starts at the top. I'll bet the chief appraiser/valuation officer is a proud REVAA member.

 

[Sandra Koutsopoulos]

I can't understand how appraisers can put up with the AMC underwriters and checkers. I just had a appraiser show me a revision request. The first line of his sales comparison stated "There only 29 town home sales in the past year in this small town and the subject builder built 28 of the sales." His revision request was "please comment of the lack of sales not owned by the subject builder." He said he responded three days ago that is was explained in the first line of the sales comparison. He has gotten the same revision request three days in a row since.

Yup! And the robots don't understand logical explanations. AI? Yeah. No. So the valuations and financial strength of the USA housing/debt/assets is being built upon information compiled and analyzed by robots and AI going into the future. That's apparently the justification for phasing out flesh & blood appraisers. Good LUCK with that! Their numbers might be skewed during/after a financial downturn when a gazillion houses go under water and foreclose. What's the collateral worth now, Mr Roboto? Duh.

 

[shrubberyvaluation]

View attachment 103383

Appraisers having to work past 85.

 

[sputnam]

I can't understand how appraisers can put up with the AMC underwriters and checkers. I just had a appraiser show me a revision request. The first line of his sales comparison stated "There only 29 town home sales in the past year in this small town and the subject builder built 28 of the sales." His revision request was "please comment of the lack of sales not owned by the subject builder." He said he responded three days ago that is was explained in the first line of the sales comparison. He has gotten the same revision request three days in a row since.

I actually like that sort of revision request. I add a dated comment, in bold, that says "As clearly stated at the beginning of Sales Comparison comments on page XX..... and then i gopy and paste what's already in the report.