Alamode/corelogic/smartexchange - You Have A Right To Be Paranoid

[Evincere]

Duplicate deleted

 

[Evincere]

Skippy will never know nor care.

They will just presume the scrubbed data is correct because the marketing hype says;

“ This level of data is unprecedented and is unlike anything you've been able to gather from MLS systems, public records, and other sources. It's going to improve the quality and consistency of your appraisal reports. ”

When I first read the promotional marketing - I thought if 4 Appraiser’s used the same comp but gave different or inconsistent ratings (ie quality and condition ) how or which comp would one to choose without actually looking at a comps MLS to determine which was the best or most accurate? Einie, meeni, minie or moes?

IMO, this is no time savings at all if the Appraisers responsibility is to do their own verifications .

 

[Meandering]

Correspondent Standard Fee Schedule
updated 05/14/18
https://businesslending.ditech.com/...tordocs/Exhibits/CorrespondentFeeSchedule.pdf

Does Alamode still decide if the fee you bid is C&R or not?

 

[Non Sequitur]

Just research what has happened to the Australian appraisal profession.

Please post a link or two.

 

[Doug in NC]

Everyone is missing the point. CoreLogic is going to eliminate the fee for service appraiser with our own data. That is their ultimate goal. To capture as much of the appraisal market as they can... and they have the $$ and connections to do it. Just research what has happened to the Australian appraisal profession.

There may be a lot of truth to that, but if they eliminate the fee appraisers they are also losing all the data that we provide them with. The fewer appraisers there are spitting out confirmed data, the more worthless Corelogic will become with lower volume of quality data and values to sell.

 

[CompCheck]

https://www.realestateview.com.au/a...n-vs-appraisal-the-differences-you-must-know/

Marion Wow just Wow. I wish this was the 2nd post of this thread. I wonder if any of the appraisers who said this is no big deal understand the implications of that article. They have basically hijacked the term "appraisal" and made it equal to "guesswork" and made their technical guesswork superior to what we consider an "appraisal". And when I say they - I mean the entire lending system. Appraisals are useless. The CoreLogic AVM is the standard.

This is EXACTLY what CoreLogic is up to. I wish all appraisers could connect the dots...

 

[CompCheck]

There may be a lot of truth to that, but if they eliminate the fee appraisers they are also losing all the data that we provide them with. The fewer appraisers there are spitting out confirmed data, the more worthless Corelogic will become with lower volume of quality data and values to sell.

In the short term it seems that way. They have a process that eventually self feeds. They will use our hybrid associations (choice of comps) to create greater and greater associations between properties. Except the "our" is eventually all staff appraisers.. the only ones left. They will continue to feed the machine. Their job will be to feed the machine. 1 overseer to take over 100 appraisers worth of work I would guess. The rest are unlicensed runners gathering up data for less than minimum wage.

 

[Eli]

In the short term it seems that way. They have a process that eventually self feeds. They will use our hybrid associations (choice of comps) to create greater and greater associations between properties. Except the "our" is eventually all staff appraisers.. the only ones left. They will continue to feed the machine.

Now you know why “voice of appraisal” is pushing a different target market. Lenders are in trouble with rates rising and likely in commingling of fees and antitrust issues.

Corelogic is wanting more of the market. They will have hell to pay from some property owners. You already see people bringing lawsuits against Zillow.

 

[Non Sequitur]

Oh well, as expected no links just wild theories.

Now that business is slowing the appraiser masses need a new boogie man to blame.

 

[CompCheck]

Oh well, as expected no links just wild theories.

Now that business is slowing the appraiser masses need a new boogie man to blame.

Many just like you will stay asleep. Not sure how that attitude assists the industry. If you haven't been paying attention to what CoreLogic is doing (buying up data and appraisal services as fast as they can) or lack the aptitude to understand it is CoreLogic's sole purpose to grow and increase market share and profit to whatever level they can until it meets equal resistance.. nobody is going to make a case that will convince you. So either you just go with the flow.. as it appears to be your personality, or begin to investigate yourself.

I believe this fallacy lies in the assumption that our license is worthy and necessary. Do some more research, they have figured out the work around already starting with eliminating you from the inspection process.