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Background checks again.

  • Thread starter Thread starter Deleted member 128537
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Thanks Joan,

But you know a D&B won't tell us anything we really need to know.

Background checks from everyone that owns 10% or more of the AMC.
Commercial Credit application from the AMC
Agency Agreement between the AMC and the Lender.

Now that's appraiser due diligence.

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The State regulator is not going to share that with appraisers. But the State will be doing the oversight.
 
The State regulator is not going to share that with appraisers. But the State will be doing the oversight.

Right,

That's why appraisers need the ClearSphere where AMC owners can go and order their own background checks, fill in credit applications and submit their agency agreements so that appraisers can pull them to verify if these are companies appraisers want to work with.

Yes, at the ClearSphere AMC owners get to look at their own background check first and decide if they want to release it. And, they can decide to, or who can view their information, making it a convenient repository for appraisers to access the information needed for their due diligence.

ClearSphere will send them annual reminders for renewal and bring downs of their background checks, and for verifications to their credit applications.

At least 6 Agency Agreements can be included in the clear sphere package at the starter rate. More agreements can be included at the gold level, and the platinum level is open to as many agency agreements as an AMC has with it's lenders.


CLEARSPHERE

Bridging the due diligence gap for appraisers. Transparency at it's finest!



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I also found that Servicelink-LSI and all the other AMC now have an organization that is to undercut Appraiser. We work for the organization trying to tax us to promote their platform. See
http://revaa.org/membership/advocacy-work

They have several AMC that support them, and all are known to under pay appraisers.

Can we trust the hand that fees us?
 
I also found that Servicelink-LSI and all the other AMC now have an organization that is to undercut Appraiser. We work for the organization trying to tax us to promote their platform. See
http://revaa.org/membership/advocacy-work

They have several AMC that support them, and all are known to under pay appraisers.

Can we trust the hand that fees us?

Sorry the point is;
all also use the same background check provider and do not accept 1 for all they all want an individual one per organization.
 
I also found that Servicelink-LSI and all the other AMC now have an organization that is to undercut Appraiser. We work for the organization trying to tax us to promote their platform. See
http://revaa.org/membership/advocacy-work

They have several AMC that support them, and all are known to under pay appraisers.

Can we trust the hand that fees us?

No.

lots of law suits going on now and plenty more coming down the pike.

Two Verisk Analytics Inc. units agreed to pay $18 million to settle three proposed class action lawsuits that allege the company violated the Fair Credit Reporting Act (FCRA) by failing to take reasonable measures to ensure the accuracy of background check reports provided to prospective employers.

The putative class action lawsuits targeted two Verisk units: Intellicorp Records Inc. and Insurance Information Exchange LLC. These companies provide consumer reports including background checks. In their class action lawsuits, the plaintiffs accuse the companies of violating the FCRA by providing incorrect, outdated or incomplete information to potential employers. Specifically, they argue that the defendants failed to provide certain consumers with copies of their consumer reports before delivering them to prospective employers and that the companies failed to take reasonable steps to ensure the accuracy of the reports.

http://www.topclassactions.com/laws...k-firms-agree-to-18m-class-action-settlement/


https://www.huntonprivacyblog.com/2...viewing-year-fcra-class-action-settlements-2/

http://www.employmentlawspotlight.c...ction-lawsuits-on-criminal-background-checks/

http://www.employmentlawdaily.com/index.php/news/battle-over-criminal-background-checks-heats-up/

http://www.businessinsurance.com/ar...er-criminal-background-checks?tags=|70|75|303
 

Now see the difference in these lawsuits and Joan's attempt?

Passing the background check is rewarded with a job.

So if you get the background check, and do not receive assignments, you'll have to sue the AMC to find out why you did not get assignments.

Nothing is promised with an AMC.

And is even more reason why you don't need a background check to get assignments.

On the other hand,

AMC owners get background checks because they WILL BE receiving assignments from lenders.

As usual, JT has created a cluster-****** of the regulations to skew the thinking of the soft headed to believe this kind of thing is necessary and warranted, when it is not.

Get Agency Agreements from your AMCs.
Verify they are the Agent of the lender, hence the lender is the Client.

Else, you'll find yourself in a bunch of John Dingman style litigation in the near future.

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Dingman was "reportedly" blacklisted by the CLIENT / LENDER .... what you advocate Marion (and I tend to agree) will not stop Dingman suits.
 
Dingman was "reportedly" blacklisted by the CLIENT / LENDER .... what you advocate Marion (and I tend to agree) will not stop Dingman suits.

Chase, wanted him to address their questions concerning a report.

He declined as Chase was not the client of the report.

That's what started the issue,
and it will be no different with these, make believe and pretend the AMC is the agent of the lender and then the lender is the client without any proof.

And I would say that will be especially so with some of the contracts/agreements and identifications that AMCs want appraisers to sign. The ones I've seen make no indication that the AMC is anybody but the client.

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