- Feb 26, 2010
- Professional Status
- Certified Residential Appraiser
- North Dakota
Interesting thought. I have long thought that we should be hired directly by FNMA etc since they are really the ones holding the loan. The banks really don't care about the appraisal since its not their own money they are lending. We are just in their way.Note prior owner don’t post here anymore. I really wish govt would do their own platform for appraisers. It makes sense on federally insured transactions. Or get rid of the federal insurance. I know getting rid of the federal insurance is not going to happen.
He may have seen the govt doing their own platform. Or perceived it happening before he sold. It’s possible.
In regards to the government setting up their own platform that would make a certain amount of sense actually. Since they get access to all the data anyway it would make sense for them to offer an official cloud based appraisal software platform. However, now that CoreLogic owns alamode and First American owns ACI ,I don't see that happening. These are big companies and they control the politicians. So unless running a software company becomes a money loosing business they are big enough to keep the government out of it. On the other hand. If they find the margins are to thin on appraisal software, they are also big enough to get the government them buy them out for twice what they are worth.