AQB's latest dumbing down by 'Stakeholders' Dropping the College Degree Requirement

[djd09]

TAF doesn't do enforcement of any type on anyone. Not the govt.

And sure, maybe Congress could be convinced to reverse course and let the loan salesmen run the appraisers again so that appraisers could collect at the door from the borrower (or get stiffed by same). Congress is nowhere close to doing that with the commercial properties but maybe they'll act differently. Just for you.

give me the USPAP pen...and i will fix it

 

[djd09]

I was never a member of the AQB.

do the scum bag mortgage brokers that estimate value via ACE have degrees...

 

[George Hatch]

Because it was my money only, and my decision to go solo affected only me - for good or bad .

The lenders are using taxpayer backing and other people's money, not their own, and the outcome when it goes bad can be catastrophic - prices tanking, housing markets collapsing, and economic instability. It should not be just what the lenders with no financial stake of their own in each loan making these designs, or if they want it that way, then say no to any bailouts in the future.

#sowhat?

As has already been stated by others in this thread the politicians who *might* be a position to give fee appraisers what they want have apparently decided not to. Maybe they *should* act otherwise but so far they aren't.

 

[TerryRohrer]

There are

Can you provide names of anyone at F or F who is pushing this? I have never heard any of them even mention the topic.

I'll bet the GSE jacka$$ quoted below knows! Just need to get them a bottle of Knob Creek and hear them sing!

'That GSE jacka$$ at the conference bragged that they plan to remove a considerable swath of the nation’s residential appraisers from their approved lists (they call it “de-populating”).'

GSE Exec Boasts Scheme to Slash Appraiser Numbers - Appraisers Blogs

A GSE exec bragged about their plans to drastically reduce the number of residential appraisers on their roster in favor of computer models.

appraisersblogs.com

 

[George Hatch]

give me the USPAP pen...and i will fix it

You don't need a pen. You can write your new/improved version of it and post it right here. For free.

 

[George Hatch]

There are

I'll bet the GSE jacka$$ quoted below knows! Just need to get them a bottle of Knob Creek and hear them sing!

'That GSE jacka$$ at the conference bragged that they plan to remove a considerable swath of the nation’s residential appraisers from their approved lists (they call it “de-populating”).'

GSE Exec Boasts Scheme to Slash Appraiser Numbers - Appraisers Blogs

A GSE exec bragged about their plans to drastically reduce the number of residential appraisers on their roster in favor of computer models.

appraisersblogs.com

I think a certain percentage of appraisers should be blacklisted. Or at least unmercifully stipped into compliance. They were paid to perform a service to certain specs and at a minimum should not be paid until they meet the requirements for that assignment. TBH I'm a little surprised Mr Miller would object to some of the donkeys being cut off for cause. I had never previously thought of him to be a supporter of our donkeys.

As a group, appraisers can't complain about some of their competing appraisers getting away with doing substandard work in one breath and then complain about efforts to force them into compliance in the next breath. Pick a principle and resolve to stick with it. 25% fewer appraisers competing for these assignments would lead to higher fees for the survivors. Either that or some/all of them would be forced to slow down and take fewer assignments in order to perform to specs, again leading to higher fees for the survivors. That's an outcome which does not require an act of Congress.

 

[TerryRohrer]

I think a certain percentage of appraisers should be blacklisted. Or at least unmercifully stipped into compliance. They were paid to perform a service to certain specs and at a minimum should not be paid until they meet the requirements for that assignment. TBH I'm a little surprised Mr Miller would object to some of the donkeys being cut off for cause. I had never thought of him to be an apologist for our donkeys.

As a group, appraisers can't complain about appraisals not being performed properly in one breath and then complain about efforts to force them into compliance in the next breath. Pick a principle and resolve to stick with it. 25% fewer appraisers competing for these assignments would lead to higher fees for the survivors. An outcome which does not require an act of Congress.

I have zero qualms with holding appraisers to standards, nor do I spend any time defending appraisers who can't be bothered to do the work, or to learn what that entails. As early as 2014, I heard GSEs (both) claiming that a huge percentage of the appraisals reaching their systems, and being analyzed by CU, did not meet their appraisal requirements. Why wasn't anything done during the past 10 years? Very likely because they did not want to chance affecting their cash flow, bonuses, and perks with any bottlenecks. Now that there are no bottlenecks, they are riding up on their crooked little white horses to save the day? Unlikely. If they don't have the spine to formulate a valid complaint which will result in discipline of offending appraisers, then they are every bit as culpable as the offending appraisers...moreso, I would argue.

 

[ucbruin]

An appraiser who self enforces appraisal ethics on his/her self is a sign of weakness....
MAGA....

 

[George Hatch]

I have zero qualms with holding appraisers to standards, nor do I spend any time defending appraisers who can't be bothered to do the work, or to learn what that entails. As early as 2014, I heard GSEs (both) claiming that a huge percentage of the appraisals reaching their systems, and being analyzed by CU, did not meet their appraisal requirements. Why wasn't anything done during the past 10 years? Very likely because they did not want to chance affecting their cash flow, bonuses, and perks with any bottlenecks. Now that there are no bottlenecks, they are riding up on their crooked little white horses to save the day? Unlikely. If they don't have the spine to formulate a valid complaint which will result in discipline of offending appraisers, then they are every bit as culpable as the offending appraisers...moreso, I would argue.

I never thought otherwise about you. I'm just responding to the article. And yes, I think that if the lenders had cracked down 15 years ago the transition could have just as easily have occurred then. That they didn't is obviously an acknowledgement on their part that they didn't want to bring the majority of their pipelines to a screeching halt. And/or that "quality" didn't matter as much to them.

But if that was then and this is now. I don't think there is a better opportunity to clean up their book of work than now while the volumes are lower and there are more heads than there is work to feed them all.

Personally, I think that more appraisers are going to get starved out than kicked out. And who better to get starved out than an appraiser who can see the effective demands are increasing but who declines to meet those demands? After all, if I was a donkey and my choice was to either clean up or get out I know which choice I'd make.

 

[DWiley]

'That GSE jacka$$ at the conference bragged that they plan to remove a considerable swath of the nation’s residential appraisers from their approved lists (they call it “de-populating”).'

Let me pose a question related to that self-identified rumor:

Given that neither GSE actually has a list of approved appraisers for origination appraisals (a fact that anyone working in valuations at a GSE would certainly know), how exactly, does one remove folks from that list?