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I'm piling on....F the AMCs

our professional standards are partnered with revaa...and crn :rof:
 
Meanwhile the content hasn't changed to the lenders' benefit in the last 35 years. Unless you think bringing the 3yr sales history or prior services history amounts to some unfair benefit to the lenders.
 
sow...keep on cheerleading
 
If you actually understood how the DEPARTURE RULE and SUPPLEMENTAL STANDARDS RULE worked you would realize the SOWR favors the legitimate interests of the appraisers the same or perhaps a little more, not less.
 
oh so you do gse work because it favors you...hip hip hooray :rof:
 
Dublin ohio said:
You are effectively wanting to let the borrower order the appraisal. Do you not see the problem with that?
Click to expand...
Although common industry standards might reflect your perspective, my answer is "Adamantly No, I don't see a problem with that." You're presuming that the scenario is inherently inappropriate, i.e., illegal, unethical, immoral, etc. That assumption can only be based upon the premise that a professional, educated, licensed appraiser is unable to conduct himself or herseld appropriately, competently, objectively if a non-arms-length relationship exists between borrower/lender/investor/etc. and appraiser. However, if the scenario affects any legal or ethical standard [including USPAP], why am I permitted to represent a client--be it lawyer or litigant--in a hotly-contested marital dissolution matter? The answer is because the tradesperson is legally permitted to represent virtually anybody in any matter adjudicated by the Court--because the Court determines which appraisal report is most credible; and an appraiser who is competent to the extent that his or endeavor routinely are supported by the judicial process presumably is favored by potential future clients. In the lending industry, an appraisal report must pass scrutiny of various quality control points--which serve the same function as the judge in a legal matter. So please don't tell me that I can't work for a borrower and lender .... just because...and fortuntaely "prior involvement" disclosure doesn't pertain to prior assignment for the same lending client or AMC. So I understand your perspective, and peers have already described the rationale for the current lending industry protocol...but it sucks by eliminating free market competition, eliminates incentives for customer satisfaction, and dumbs down the few animal spirits that remain intact. I'm still pissed as the lender now wn't leave me alone asking for phone numbers of AMC that will allocate the assignments to me. I told her to "LOOk IN THE DAMN PHONE BOOK"....but I don't know if phone books still exist?????
 
I agree it is frustrating for the appraiser, and likely for lender too, when the AMCs hands out an appraisal order that goes bad, either alienating the borrower in his house, for example, or creating a report that is problematic. I used to have a large solid base of lenders ordering appraisals from me because they knew the quality of the report was reliable and accurate, and their customer would be satisfied with the interaction on site.
Just did one this morning where the owner was pleased with the way I showed him what repairs had to be done for his FHA mfg house to close out his loan. He said the last appraiser was a real "A-h*le" and started off by saying LA is a real garbage pit (the property is not in LA), and then his remarks about the property deteriorated from there. He was apparently extremely rude.

Well, if you own a business of appraising, ideally you would want to be civil to the occupants who are going to describe your conduct to the lender, who may make the decision to use a different appraiser/AMC next time. We have lost so much with lack of human interaction, with everything being electronic push-a-button-generic viewpoint: all-appraisers-are-equal, all-service-providers-are-equal, etc, when in the real world human interactions can make your tasks much better (or sadly, worse).

Honestly, phone push button 'interactions' one has to deal with to finally get a resolution of some computer related snafu, is monumentally frustrating and aggravating. Last week I was so frustrated with the robot on the phone that I started cussing out the robot, and it told me it does not tolerate that kind of language and hung up on me! Really! I hurt the robot's feelings? I guess that must be a reoccuring issue, or they wouldn't have created a robot phone retort with auto-hang-up!
 
Whistleblower ProtectionThe FHFA must improve the process for receiving and tracking the submission of complaintsagainst appraisers and AMCs including systems processing, investigating, tracking, andmonitoring all complaints. Neither GSEs currently maintains an adequate system. Historically,the number of complaints against AMCs has been very low. However, AMCs that actinappropriately, for instance violating the Appraisal Independence Requirements (AIR), maynot be reported by the appraiser victims due to fear of negative repercussions including lossof work from the reported AMC. In fact, many of the comments submitted to the AppraisalSubcommittee’s proposed rule on Enforcement Authority Regarding the Effectiveness ofState Appraiser and Appraisal Management Company Regulatory Programs (ASC-2024-0022-0001) were posted anonymously by appraisers for that reason. Likewise, this concern isfrequently voiced by REALTORS® and may result in the low incidence of AIR complaints tothe GSEs.


before you would just lose one broker...now you lose whole financial institutions...go public trust go:rof:
 
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