Adapt or Die?

[PropertyEconomics]

Right, probably not, but then again you wouldn't pass up an opportunity to say so on your best day now, would you PE?

Dave...

The opportunity to say what? That I agree with Webbed when I believe he is right? Nahhh I wouldnt pass that up ... even on my worst day ... Webbed is highly intelligent and his posts often quite to the heart of the issue.

 

[moh malekpour]

Sandy.
Your titl is "Adapt or Die" but it should be "Adapt and Die". Adaption in this way means submit, yield, accept, give up, back up, retreat and evetually die out. This is not a good way of survival.
If you want to survive, you have to resist, fight back, push, attack, refuse to give up and be ready to get killed but not to die for what you believe is right.

 

[AJL118]

After reading all of the whining lately, perhaps everyone should take some things into prospective. I'm sure many of you don't like Neil Boortz (although I don't understand why), but this is an absolute classic. Go back to work.

http://boortz.com/more/commencement.html

 

[xmtpedprl]

PE,

Prostitution is morally wrong, unless you're a Post Modernist of the highest magnitude.

Signing on with firms 'offering' the lowest fees is not a moral issue; it's a business one. And a bad one at that.

There fore the analogy, in my mind, doesn't work.

And yes, Webbed is highly intelligent, no doubt about that.

Dave...

 

[Michigan CG]

Please keep this on topic. The ills of prostitution can be discussed in PM's.

 

[Mike Siegfried]

We would still have the ability to perform the quality appraisal products-offer them side by side and let the lenders decide which product to order. Let us give them what they want and let's quit trying to save the world because it obvious didn't work and won't ever work.

Call me simple-minded, but I would have trouble with doing "quality appraisals" on Monday thru Wednesday and then doing (I assume) "non-quality appraisals" on Thursday thru Friday. I only know how to do things one way and my ethics and quality standards do not know how to "adapt". Nor do I offer discounts or work for AMCs. I would much rather go sailing. Thus, I may "die" while waiting for the Johnny Come Latelys to discount themselves out of the business and for lenders to realize that a pretty important part of collateral lending is the value of the collateral. However, since I understand the real estate cycle and saved every penny I earned from 2000-2005, I can afford to wait a long long long long time. Meanwhile, I'm enjoying the slower pace (20 per month at full fee-and my fees have always been above-market), doing some remodeling and planning some Summer trips with my son before he goes off to college. Life is good.

Mike

 

[Mike Boyd]

Sandy.
Your titl is "Adapt or Die" but it should be "Adapt and Die". Adaption in this way means submit, yield, accept, give up, back up, retreat and evetually die out. This is not a good way of survival.
If you want to survive, you have to resist, fight back, push, attack, refuse to give up and be ready to get killed but not to die for what you believe is right.

.......Well said, Moh!

 

[Mr Rex]

It's called Failure to Thrive in infants whether folks or animals. Since the OP is a trainee, maybe apros pos. Nothing personal intended.

 

[Fred Rossiter]

Adapt or Die

I look forward to your untimely death!

 

[George Hatch]

Just by way of clarification, I don't think we have a trainee problem. Our problem is with the supervisors. The trainees do what they're told, they appraise the way they were trained and they go on to run shops based on the examples they've seen.

It's the donkey supervisors who have screwed things up, running trainee-based fee shops, cutting corners, abusing their trainees, allowing their trainees to solicit their own clients, and all that foolishment. It takes a lot of time and effort to do right by a trainee and these idiots have been skipping all that.

One more point of clarification - I do see some truth in the basic concept of keeping up with the times. The term "meaningful workproduct" has different meanings during different times of the economic cycles. One thing the new appraisers have never seen yet is that this quality vs. price conflict is a pendulum, and this pendulum will swing back to favor quality as this downturn progresses.

The other thing that they may not realize is that the old geezers aren't seeing the complete collapse because we've been around long enough to have built relationships with the better clients, thus leaving the worst clients to the junior appraisers. Once you guys get more established you'll have a little more leeway to say no to the worst loan originators.