copywriting

[George W Dodd]

Folks,

There are more important issues at stake. We all need to come together for the sake of not only this profession but for the Public Trust and integrity of the financial systems.

Let us work together for true reform. Where appraisers work together in an environment free from undue pressure; for reasonable fees; and whose work is judge by defined, mutually agreeable, standards.

I believe there is a better way. A way for us all. None of the current industry forces be they AMC's, the AI, AF, etc., are capable of fixing this system. None are free from guilt in this current crisis.

A new approach is needed. A new approach that rewards quality, experience, and education. A new way that protects the public trust and ensures the American Public, in its largest financial decision, that independent appraisals are based on unbiased, equitable, and reasonable standards. A new way that is supported by the majority of all appraisers.

There are those among us with vision, support Pam and those working with her in the search for a better way. Look to National Valuation Service and the proposal they will make. Join with them now and lend your support.
(Getting off my soap box)

 

[Carnivore]

FNC does not have an AVM.

Vernon,

OK, so what is the purpose of extracting all the information contained in a URAR?

I do know that it is used for some type of Rule Set. That is all I know. Is there more?

 

[DTB]

Buggy-whip makers once said the same thing about cars.

But stolen buggy whips were not being used as accelerator linkage were they?

 

[Fred]

But stolen buggy whips were not being used as accelerator linkage were they?

Nothing is being "stolen" here either, Mike.

 

[Brad Ellis]

peturner,

how bout those outfits now that are demanding you SIGN away your Constitutional right to copyright before you get on their "approved" list??? Did they put that clause in their because they are SURE appraisals are not copyrightable??? Just ask yourself that question.

We live in a litigious society; anyone can sue anyone else over just about anything- and it is happening. Not just in the world of appraising. And when you see actual lawsuits you take extra precuations. It does not necessarily mean that they believe one thing or another.

I fell asleep the other day on a heating pad and on my side and I got burned- literally. Guess I'll have to read the manufacturer's warnings to not fall asleep on a heating pad. Or if it is not there, should I sue?

Brad

 

[Brad Ellis]

Pam,

VWhat is "Collateral DNA"? Guess I'll have to go look into it more.

Good idea. You will find that it is not an AVM. And the reports sent by e-appraiseIT are almost assuredly run thru the rules set but the data is not being used for an AVM.

Brad

 

[DTB]

Nothing is being "stolen" here either, Mike.

Has that issue been adjudicated somewhere?

Still confused????

I am just confused. We have 2 industry heavy weights in Mr. Wiley and Mr. Ellis, weighing in on data mining.

Mr. Wiley states he saw the need for appraisers to sell their data as far back as 10 years ago. Data is valuable is the position he takes. So valuable in fact, that if appraisers won't sell it, lenders will just appropriate the data.

Mr. Ellis claims no data mining is being done, not now nor planned that he is aware of. He also says most appraisals he sees are so bad that the data is of no value and in fact will pollute the data taken from public records.


What's a simple old residential appraiser to think?

Me thinks thou protestet too much.

 

[Vernon Martin]

About FNC

This is just secondhand information, since I never worked at FNC, but I have a friend who works there. The appraisals are mined for data to improve their property database, which is based on public records. It's a way of filling in the blanks. It's possible that the appraiser's measurements may replace the public record of GLA. FNC does not have an AVM.

About this topic in gereral, I think it's time for appraisers as a profession to choose their battles more carefully. I see a lot of Don Quixotes charging at windmills on this forum, inventing crises that don't exist. Copyrights will not increase a residential appraiser's income. AVMs are not replacing appraisers.

Here's the fundamental problem: Appraisal ordering has increasingly fallen into the hands of the unscrupulous, and users of appraisals treat appraisals as fungible commodities. This system has rewarded the dishonest and incompetent appraisers.

Who do I think is the number one enemy of the appraisal profession? In one word -- Skippy

 

[Fred]

that if appraisers won't sell it, lenders will just appropriate the data.

I am constantly chastized on this forum for not recognizing that Fannie sets assingment conditions, as I ask (apparently naive) questions like, "what makes a fourth comp extra?"

If you are asking me, they could have saved words by saying they can distribute copies to anyone in any universe.

"21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser’s or supervisory appraiser’s (if applicable) consent."​

Don't know any other way to say it. They can't steal what you gave away.

 

[PropertyEconomics]

I am constantly chastized on this forum for not recognizing that Fannie sets assingment conditions, as I ask (apparently naive) questions like, "what makes a fourth comp extra?"

If you are asking me, they could have saved words by saying they can distribute copies to anyone in any universe.

"21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser’s or supervisory appraiser’s (if applicable) consent."​

Don't know any other way to say it. They can't steal what you gave away.

You are absolutely correct Steven ... I have made this point many times and no one seems to understand that you have signed your rights away when you use this form.