AI Creates Residential Appraiser Project Team

[hastalavista]

Just came back from another Regional Meeting (Seattle). Many of the things discussed in this thread and in other places (except for sacrificing the cat) regarding improvements of the AI benefit (real and tangible) package to residential appraisers were raised and discussed in our meeting. We had another breakout session which focused on residential issues and a lot of good ideas that will be forwarded up the chain.

I don't like how long it takes for changes to occur in the AI; I understand the organizational-structure makes it difficult to implement fast changes. Having said that, I'm more encouraged now than since I first joined about what I see happening on the horizon.

Talk is cheap, so I want to actually "see" the changes. But I see the moves taking place to set-up the changes, and that is very encouraging!!

 

[Gobears81]

They amended that requirement in the last few months.

View attachment 31681

http://www.appraisalinstitute.org/assets/1/7/SRA-path-chart.pdf

Did they also change the bachelor degree requirement for MAIs? I saw that was part of the 45-day proposed amendments but couldn't figure out whether that went through or not.

 

[Terrel L. Shields]

Talk is cheap

True enough. For the past 20 years we've seen a lot of appraiser talk from any and all comers. We don't see much that can be translated into useful action. Appraisers got beat on the de minimis, we are losing the BPO battle, being dictated to by AMCs, and as an example, Phil Crawford's latest has a piece on an appraiser who was met at the homeowner's place by the LOAN OFFICER who lit into him about the FEE, which the appraiser had no control over and would not disclose because the AMC demanded they NOT disclose it. We cannot even get a law REQUIRING THE FEE TO BE DISCLOSED!!!!

In the case above that is one LO that would know EXACTLY what the fee I got was supposed to be, and I would tell him/her to stick that fee where the sun don't shine, go back to the office and tell the AMC to stick it where the sun don't shine, and go on to the next project.

 

[Michigander]

https://www.appraisalbuzz.com/appraisal-institute-addresses-residential-appraisers-issues/

Buzz has a piece written by Woody Fincham about this and may be helpful. There is movement and a lot of people who really want to see residential appraisers thrive within the organization (and outside too for that matter).