ASA fired off quite the letter

[Terrel L. Shields]

Find non-lending work in its many forms.

There is a certain myopia among residential appraisers.

 

[J Grant]

It looks to me like you answered your own question there (the lenders are acting in their own interests and what they think is are good decisions for them). I don't know why it becomes "undermining" when I'm the one who making that observation instead of you.

Did you read my post?
The undermining was when you attacked appraisers, repeatedly, for "virtue signaling/mendacity",

NOT for making the observation that lenders are acting in their own interests!( which we agree on )

 

[George Hatch]

Then don't do it.... see how long your license lasts.

I can do all the non-FRT work I want without a license nor USPAP. So if USPAP was so important then why can I bypass it in many states? I mean you don't need a license in OK period. I talked to guy yesterday north of Tulsa who is so busy he is turning down work. He was certified a few years ago and I went to class with him. But he dropped his license to care for his ailing father and after he passed didn't bother to license again. You only need to "register" with Arkansas and ignore certification. Client banks are perfectly free to use "evaluations" in lieu of a certified appraisal. I mean that is basically what FNMA is doing. Bypassing certification to use non-certified appraisals, waivers, hybrids, AVM's etc.

We have a winner.

Not responsive to my question. Whatever the licensing programs are doing in these states is occurring in compliance with either federal and/or state law. TAF has no authority to hold any of the states or the federal govt to account for anything.

Maybe TAF will get booted out of the appraisal standards/appraiser qualifications loop. After all, that org can't lay claim to any entitlements or any expectations of being considered special just for for being special.

What comes next after their demise? Who/what entities will function in their stead, what will their limitations be WRT appraisal competency, how will the individuals be chosen to do that work and what will the process be to maintain and advance those applications if/when necessary?

You have long expressed a low opinion of the technical and ethical performance of the political appointees who serve on the state appraisal boards. Where is the upgrade to that performance going to come from, how will THOSE individuals be chosen, and how is that process going to work?

That is not a trick question. I'm just wondering if you guys have given any consideration to the alternatives beyond "the status quo sux".

 

[George Hatch]

Did you read my post?
The undermining was when you attacked appraisers, repeatedly, for "virtue signaling/mendacity",

NOT for making the observation that lenders are acting in their own interests!( which we agree on )

You know what they say - the truth is a defense against slander. And never have I ever denied or otherwise ignored the point that the lenders routinely engage in their own forms of virtue signaling and mendacity.

 

[Surf Cat]

Individual States have virtually no say in what the GSE or Federal Regulators decide to do. In California our State Assembly and Senators are bought and sold by NAR because they give large campaign donations. Appraisers contribute almost nothing $$ to state leaders and so they have no voice. The public also does not care about appraisers problems. We are all alone on a deserted Island

The home buying public sees appraisers as an irritant, a speed bump in the home buying process. They don't see us as a safe guard by valuing properties at what they're truly worth. Neither do the GSE's apparently.

Shoot, a lot of realtors are confused on what we do, what is and what is not allowed in the appraisal process. Sprinkle in some claims of bias in minority neighborhoods and we have the torches and pitch forks out. "Off with their heads!"

 

[glenn walker]

The author talks about "Racism and Biases" and in my opinion the attack on Appraisers was timed precisely to Co-inside to Prejudice the Public against appraisers, The Cheer leading came directly down from the Oval Office to our Agencies and the GSEs. This was not accidental and it finished anymore talk about the Public Supporting us. I will say it took many years but when the Federal Govt went "woke" it allowed agencies to pull the triggers while the iron was hot. Its so far gone now that value is not even the main goal and importance its Social Equity and Political ideologies being promulgated to the public.

In Summary many on here did not slowly read the entire OP letter, It was not cheer leading for appraisers but telling these agencies how appraisers may be effected but offered no solutions or even recommendations.

My Guess is a Future Employment will be at a GSE or Govt Agencie at a much higher pay grade than working for the ASA . ( Note: He also never asked anyone to start petitions. That was done by one Poster who got that ball rolling but we all know that nobody is sending letters or petitions to anybody.

 

[djd09]

HUD’s Private Inquisitors Will Chill Protected Speech of Appraisers​

by Jeremy Bagott · Published April 3, 2023 ·

HUD awarded $54 million to 182 nonprofits to serve as posses in a a Spanish Inquisition-style drive. The deep pockets of the federal government will be used to help the nonprofits chill the protected First Amendment rights of appraisers to develop disinterested opinions of value of the properties they appraise.

https://appraisersblogs.com/HUD-hands-54-million-dollars-2-nonprofits-in-quest-2-cow-appraisers

just your friendly neighborhood non profit checking your words...and numbers

 

[ddnma]

I performed several hundred in "my part of the world, and thousands of appraisers were doing reviews in that same time period across the nation, each in "their little corner of the world "

A thing which you seem to know nothing about-Fannie, for quite some time after the crash did their own internal short review of just about every appraisal during that time period, and forwarded the ones identified as potential problem reports to local reviewers all across the country from there - many of which came to the reviewer from lenders ( who also could order their own reviews separate from that program )

There you go making assumptions again. You know nothing of my background, experience, or skills.

 

[shrubberyvaluation]

The home buying public sees appraisers as an irritant, a speed bump in the home buying process. They don't see us as a safe guard by valuing properties at what they're truly worth. Neither do the GSE's apparently.

Shoot, a lot of realtors are confused on what we do, what is and what is not allowed in the appraisal process. Sprinkle in some claims of bias in minority neighborhoods and we have the torches and pitch forks out. "Off with their heads!"

I agree, which is why I consider the notion that "public trust" should be the priority is foolish when that trust is based on us appraising high enough to get the loan in most cases. If that is what we aim for it will go at odds with credible reports which the public does not care about in most cases.

 

[shrubberyvaluation]

My take on this is that the GSE's are smart enough to know, ABSOLUTELY AND WITHOUT ANY DOUBT - that change is coming. They are just too dumb to figure out what the change should be and how to manage it. So, essentially, they are to a certain extent blindly making changes for the sake of making changes when they really don't know the **** what they are doing!!!

Or in other words: They know they should do something - but they are not up to the task.

So, it looks like they are on the verge of making a really big mess.

I agree with this to a certain extent. There is also politics involved and they don't have to worry if they lose money.