- Joined
- Jan 17, 2002
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
Apparently, the AVMs have gotten their foot in Bank of America's door to the appraisal orders department. I got a bunch of orders from BOA in July, but have gotten only about 2 since then. During the time since July, I also received a message (by mistake) from an AVM bragging to their hired appraisers that they have gotten BOA as a client, so they should expect more work (at $50 a piece- whoopeee).
I wish we could find out who the appraisers are that are assisting in the demise of their own industry. I would love to see the appraisal boards paying visits to the offices of some of these AVM appraisers. I would bet that these desk appraisals are not USPAP compliant. I hope the AVMs come back to bite the banks (who are using them) in a big way! And, the appraisers who are supporting the AVMs are worse than pond scum IMHO. :evil:
I wish we could find out who the appraisers are that are assisting in the demise of their own industry. I would love to see the appraisal boards paying visits to the offices of some of these AVM appraisers. I would bet that these desk appraisals are not USPAP compliant. I hope the AVMs come back to bite the banks (who are using them) in a big way! And, the appraisers who are supporting the AVMs are worse than pond scum IMHO. :evil: