Appraisal Port user agreement, now what?

[McPheeters]

And it is high time they did. It is TIME for the feds to start taking a real close look into lenders files. Not just singling out the port here (although she is fine target at which to fire)...but I would rather imagine there are a HUGE number of "converted" reports sitting in lenders files. We KNOW some AMC's are converting - and I suspect MANY are doing so without the appraisers knowledge.

I have often stated that if the LENDER wants to convert AFTER they have my report in their hands, feel free. But for ANYONE to do it BEFORE it gets to the lender leaves the door wide open for abuse.

The feds would probably never get that close before it turned into another Cuomo "deal". However, a disgruntled insider would be helpful....followed by an article by Mitch Weiss. Funny how attenativness seems to follow when Mr. Weiss weilds his word processor...

 

[Bearslide]

The feds would probably never get that close before it turned into another Cuomo "deal". However, a disgruntled insider would be helpful....followed by an article by Mitch Weiss. Funny how attenativness seems to follow when Mr. Weiss weilds his word processor...

Aye, matey........Mr. Weiss is another true pirate........and his weapon of choice is indeed to be feared. Methinks there is much more to come from said weapon........

 

[Tony V]

Somewhere along the line here some friggin common sense has got to be dragged in to the situation....

 

[Pamela Crowley (Florida)]

You bring up interesting points, Carney.....so much for "no changes are being made to the reports". I wonder how white the lenders would go if the feds all of a sudden started demanding to see appraisal reports in their files and comparing them to what the appraisers submitted? Wonder what would happen if the secondary market buyers of those same appraisals asked the same thing?? The buybacks could be massive..............wonder if they think the port is still such a grand idea????

FACT: The lenders are responsible for the reports. Ready.............aim................FIRE!!!!!!!

This is where we need to focus!!!

 

[Pamela Crowley (Florida)]

Its getting worse. I have know realized that conversion use of AIport by North Carolina appraisers may put them in direct violation(non-compliance) of North Carolina Law in regards to signatures and State Seal requirements.

the issue is that the State Seal must be a certain size. The AI conversion changes the size of the signature to something much much smaller along with the size of the seal.

The only way I can solve the problem is to use ONLY the PDF option of AIport delivery.

I am so sick of this company. They are interfering with North Carolina Commerce by getting in between appraisers and the Lending clients who operate in my state.

There level of arrogance is beyond the breaking point for me. I have had it!

They must FIX IT or get out of the way.

The solution is now down to informing the lenders of the problem and finding them a suitable substitution in the form of a FNC competitor!!

Bottom line is they are not indispensable.

FNC, You can and will be replaced!

Please pay attention to this post!!!

 

[TJSum]

"FNC, You can and will be replaced!" From Meat Eater.

I am still trying to figure out their functional utility in the first place. Is it really that hard to email a PDF report directly to the client? Usually eliminating a layer of bureaucracy is a good thing. We are in the technology age, the progess is supposed to enhance productivity, not get in the way.

 

[McPheeters]

"FNC, You can and will be replaced!" From Meat Eater.

I am still trying to figure out their functional utility in the first place. Is it really that hard to email a PDF report directly to the client? Usually eliminating a layer of bureaucracy is a good thing. We are in the technology age, the progess is supposed to enhance productivity, not get in the way.

I believe FNC's sales pitch is high volume QC functions which is attractive to large lenders. My thought is why does this delivery/QC function have to happen at our end? And why should we have to pay for it? Why not deliver directly to the lender/client in a commonly accepted format like PDF, then the client can run it through AP or whatever other BS they come up with.

 

[Workbox]

I believe FNC's sales pitch is high volume QC functions which is attractive to large lenders. My thought is why does this delivery/QC function have to happen at our end? And why should we have to pay for it? Why not deliver directly to the lender/client in a commonly accepted format like PDF, then the client can run it through AP or whatever other BS they come up with.

The response to that at the VA meeting was, "it would confuse the lenders". So here are these lenders with Millions of $$$, to have the best technology and website security and they can not convert appraisals, because it could confuse them?!!

 

[Claude From NY]

I'm surprised (not) that port hasn't made the new user agreement a topic of their silly little weekly poll.

 

[Elliott]

AP Poll suggestions.....

Is AI Ready really just data stealing?

Does AP's User Agreement Suck?

Is it unfair that AP Lenders ask for
fee quotes, then say, "I'll be sending
it over through AP. (so you just got
stuck with a $8 fee, sucker)."?