Mike Simpson
Senior Member
- Joined
- Jan 30, 2002
"No wonder why AVM's and BPO's have taken a foothold in the industry."
AVM's--Casper--are only as good as the data being entered into their data bases, and unfortunately, many of them are being fed their information by sweatshop appraiser's. As for the BPO's--I'm a real estate agent & I can assure you the highest producing agents (most profitable) ARE NOT doing BPO work.
"I believe the industry will lose most of the mortgage work."
I believe you might be correct, but this is due in large part to the consumer...this is what they want--the appraiser out of the picture. Additionally, many of these AMC's were started as a way to get a chunk of the appraiser's pie. The Big Whigs saw the amount they were paying appraisers, and set out to get a piece of it back...they've succeeded in that respect, but they've also succeeded in watering down the profession (ya get what ya pay for).
I agree a lot with what you've written, but feel a great deal of the problems facing the industry is a planned onslaught on the appraisal profession by their mortgage clients. I won't be digging ditches anytime soon, and cringe at the thought of having to ever do mortgage work again...until something is done to change these recent injustices, and I'm allowed to do my job again...without undue influence.
I understand why you feel the way you do, and believe that at least SOME of your anger is misplaced.
-Mike
AVM's--Casper--are only as good as the data being entered into their data bases, and unfortunately, many of them are being fed their information by sweatshop appraiser's. As for the BPO's--I'm a real estate agent & I can assure you the highest producing agents (most profitable) ARE NOT doing BPO work.
"I believe the industry will lose most of the mortgage work."
I believe you might be correct, but this is due in large part to the consumer...this is what they want--the appraiser out of the picture. Additionally, many of these AMC's were started as a way to get a chunk of the appraiser's pie. The Big Whigs saw the amount they were paying appraisers, and set out to get a piece of it back...they've succeeded in that respect, but they've also succeeded in watering down the profession (ya get what ya pay for).
I agree a lot with what you've written, but feel a great deal of the problems facing the industry is a planned onslaught on the appraisal profession by their mortgage clients. I won't be digging ditches anytime soon, and cringe at the thought of having to ever do mortgage work again...until something is done to change these recent injustices, and I'm allowed to do my job again...without undue influence.
I understand why you feel the way you do, and believe that at least SOME of your anger is misplaced.
-Mike