Mejappz
Elite Member
- Joined
- Dec 16, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
The “story“ is an extremely poor example of Journalism. Matter of fact, it’s less than Enquirer quality. What it is - is a politically correct and sensational hot potatoe![]()
Home appraisal for Black couple skyrockets after white friend pretends to be homeowner
Black Americans continue to face discrimination when it comes to building wealth through homeownership. Paul Austin and his wife, Tenisha Tate Austin, of Marin City purchased their first home off-market from another Black family in 2016. “I read the appraisal,” Tate Austin told ABC7.www.yahoo.com
Of course, in a short article like that, the case is presented as cut-and/dried.
We think there must be more to the story.
Who cares how diverse AMCs are.

good old boys

XVI.Third Party Arrangements
An institution that engages a third party to perform certain collateral valuation functions on its behalf is responsible for understanding and managing the risks associated with the arrangement. An institution should use caution if it engages a third party to administer any part of its appraisal and evaluation function, including the ordering or reviewing of appraisals and evaluations, selecting an appraiser or person to perform evaluations, or providing access to analytical methods or technological tools.
An institution is accountable for ensuring that any services performed by a third party, both affiliated and unaffiliated entities, comply with applicable laws and regulations and are consistent with supervisory guidance.32 Therefore, an institution should have the resources and expertise necessary for performing ongoing oversight of third party arrangements.
it is all about risk. ask CRN![]()
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Silence because the constant ranting about the "two-tier" justice system has nothing to do with the thread. What does the diversity of AMCs or TAF have to do with appraisers being accused of racism. The above mentioned seem to always try to connect every thread with the "two-tier" justice system. I would venture to guess. That not a single member of this forum does not know that certain individuals hate AMCs, lenders, regulators, etc. We got it.We are going to have to make you and Meandering the AF regulation czars. Every time you expose the two-tier justice system we operate under; silence enters the building.
Silence because the constant ranting about the "two-tier" justice system has nothing to do with the thread. What does the diversity of AMCs or TAF have to do with appraisers being accused of racism. The above mentioned seem to always try to connect every thread with the "two-tier" justice system. I would venture to guess. That not a single member of this forum does not know that certain individuals hate AMCs, lenders, regulators, etc. We got it.
the buck never stops at revaa or TAF or gses or crn or AI. it is just the unwoke independent white hillybilly deporable that are the racists. slow boring repetitive![]()
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