Chalk one up to The Rotation

[Smokey Bear]

Maybe everyone needs an Anthony Robbins RaH Rah talk!

http://www.youtube.com/watch?v=Cpc-t-Uwv1I

 

[smackodu]

The "Good" lender just ran to the AMC. Why? Is her scared of the HVCC? Probably. You don't know til you get in the lender's face. Sometimes we appraisers need to be sales people. The AMC's all have a full sales force selling a product called FEAR. You are selling quality work and reports. It is human nature for people to respond to fear. You know your lender is going to be promised quality reports by the AMC. After all the AMC promised your client YOU if you plan on doing the work at a reduced fee. They didn't tell the AMC your fee will be cut now did they? Of course they didn't. It's time for appraisers to fight back and not roll over. I believe most appraisers are honest and ethical. That is precisely why we act like sheep going to the slaughter!

 

[PropertyEconomics]

The HVCC is a great fraud, that will be enacted, but I dont really understand why. Everyone is complying anyway ... there is no need to even enact it. Cuomo holds nothing over the Nation ... hes a blow hard that seems to use his "NY talents" to bully people around. Id flip him the finger and tell him to get lost if I were a lender.

 

[panappr]

The "Good" lender just ran to the AMC. Why? Is her scared of the HVCC? Probably. You don't know til you get in the lender's face.

Even if the HVCC was enacted 5 years ago, the housing market would be exactly where it is today. Appraisers had little to do with the 30%-40% appreciation rates or the 30%-40% decline. The only difference would be, the appraiser would be that much poorer.

 

[panappr]

http://www.youtube.com/watch?v=Cpc-t-Uwv1I

Thank You for the video, maybe Tony should be our professional spokes person.

 

[TJSum]

The HVCC is a great fraud, that will be enacted, but I dont really understand why. Everyone is complying anyway ... there is no need to even enact it. Cuomo holds nothing over the Nation ... hes a blow hard that seems to use his "NY talents" to bully people around. Id flip him the finger and tell him to get lost if I were a lender.

You are partially correct PE. Yes, in reality, more and more work will be ordered through AMC's, bless their little hearts. But it is ironic the part of the HVCC about Lenders having less than 10% ownership interest in them has seemed to be all but forgotten. How ironic...

 

[Steve Metz]

Even if the HVCC was enacted 5 years ago, the housing market would be exactly where it is today. Appraisers had little to do with the 30%-40% appreciation rates or the 30%-40% decline. The only difference would be, the appraiser would be that much poorer.

The appraisers had a very good hand in this mess and the profession contributed greatly to the downfall of the world economy. All the places that had trainees in the skippy mills that greased the wheels of real estate mania is responcible for this mess in some part.

Out of the tens of thousands of appraisers in this country there are about 300 active brave folks on this board that have been saying no. These brave folks have been ruined financially compared to the low lives that make up the bulk of this profession. The rest of the profession has said yes to this BS and keeps saying yes by doing useless reports for $150 each.

The lenders have the largest part of the blame but this profession shares some of it.

Sorry Rant Over

 

[LadybugLover]

Sorry, but I still get orders directly from the lender and/or a mortgage broker. I definately am not a newbie and certainly not desparate. This might change after the first of the year but I really don't think so.

We're still getting work directly from the client/lender, local banks and/or mortgage brokers too - and we are not newbie's, skippies or desparate either. Glad to know there are still some of us out here that actually have good clients who haven't gone to the dark side.

Mary

 

[Kevin Mc]

The "Good" lender just ran to the AMC. Why? Is her scared of the HVCC? Probably. You don't know til you get in the lender's face.

I have been in the lender's face, a big lender, one of the biggest. I have talked to the powers that be face to face. I have had close relationships with them for years. Waste of time. They have an agenda, we (seasoned,professional,ethical etc...) are not part of it. The bean counters have spoken and AMC is the plan. I also informed the same people that the "program" will most likely have them on the street within a few years because time and time again it has proven to be a failed program. David is right, I have worked for a few local federal savings banks for years who have done things the old fashion way. THe HVCC is of zero concern to them because they have always been responsible with their collateral risk assessment.

 

[Smokey Bear]

Thank You for the video, maybe Tony should be our professional spokes person.

Tony would tell us to quit whining and blaming, and to get of our butts and use this as an opportunity to do something new and even better.