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7 states plan to track MBs

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Webbed Feet

Elite Member
Joined
Feb 11, 2005
Professional Status
Certified Residential Appraiser
State
Canada
Wow! Ankle bracelets.... That's harsh even for mortgage brokers.

Webbed.
 

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
Idaho, Iowa, Kentucky, Massachusetts, Nebraska, New York and Rhode Island are the initial states participating. In total, 42 state agencies - including those in Washington, D.C., and Puerto Rico - have committed to joining by the end of 2009.

The system is mandatory for brokers doing business in those states, and state regulators can penalize brokers for operating without a license.



outstanding !!

now If they Enforce Existing Coercion, Bribery, Extortion, and Identity Theft Laws simultaneously - it will MEAN something.


 

Brad Ellis

Senior Member
Joined
Feb 7, 2006
Professional Status
Certified Residential Appraiser
State
California
Marcia,

Great post and this is very interesting. I'd heard that it was afoot.

Trouble is that even with things like criminal background checks many slip through. I regular e-mails from Rich Hagar who tracks these in the Pacific NW and it is really shocking to see how many get theire MB licenese even after they were convicted of a felony. Ouch.

Now for the hard part- and this is for everyone- how would you all like a similar type of thing for appraisers? (no motive here- just musing)

Brad
 
H

Hall McClenahan

Guest
1513587 said:
Now for the hard part- and this is for everyone- how would you all like a similar type of thing for appraisers? (no motive here- just musing)

I'm in. To my knowledge I have yet to have a complaint filed yet I am already listed on the ASC, Listed in Missouri and Kansas databases, my fingerprints are on file with the FBI, I have both State and Federal Jackets, (ha ha not criminal), I have to have continuing education hours every year, may have my files pulled and audited by the either or both states at a whim, I have to keep a log of every job I do. Pay yearly license fees, yearly insurance for that license, business permits heck what more could they add?
 

Hamlet

Elite Member
Joined
Aug 14, 2006
Professional Status
Certified Residential Appraiser
State
Ohio
Ohio now requires a background check and finger printing of people applying for appraising license or upgrade. If criminals can still slip through how effective is that?:shrug:

BTW, I fully support background checks, finger printing or a national database that tracks disciplinary actions for anyone involved in the lending industry. Anything to clean up the profession!!:)
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
zzzzzzzzzzzzzzz. Just more fees from MBs to states. Toothless as there will not be any enforcement.
 
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