Defund TAF

[George Hatch]

Why would you ask AI-Vomitron about GSE policies when you have a GSE exec commenting on it in this thread?

 

[djd09]

what baffles me the most is how these outside quasi and private companies think they have the authority to over ride State laws...it is about time to fix the SOW joke

 

[djd09]

Why would you ask AI-Vomitron about GSE policies when you have a GSE exec commenting on it in this thread?

i dont bother asking him questions anymore...never got a straight answer

 

[Joe Flacco]

My best guess is what is going on with the big AMC is that it is just easier for them to not allow trainees than to deal with different signature requirements. I think at one time after the financial crisis most lenders did not allow trainees. But as the lenders started shifting their requirement about it the AMC kept the no trainee requirement as a AMC requirement.

But community banks, credit unions, and other small portfolio lenders tend to have no extra requirements. The expectation is that you follow applicable laws and regulations.

 

[DWiley]

That is pretty unusual. My experience is that the community banks tend to have no additional requirements at all.

My experience was that (some) lenders would layer on requirements for AMCs that they did not apply to their own direct engagements.

For example, one lender required a report engaged via an AMC to note the distance from the subject to their office, even though they did not require that in the ones they engaged. Appraisers would often tell us that they "knew" the AMC created that rule, because they worked for the lender directly and it was not required.

I saw very similar things regarding trainees.

 

[chad hampton]

If lenders don’t accept field appraisal work from a licensed trainee, I assume they don’t accept field appraisal work being done by Uber drivers?

Seems a bit odd if they would.

 

[Joe Flacco]

My experience was that (some) lenders would layer on requirements for AMCs that they did not apply to their own direct engagements.

For example, one lender required a report engaged via an AMC to note the distance from the subject to their office, even though they did not require that in the ones they engaged. Appraisers would often tell us that they "knew" the AMC created that rule, because they worked for the lender directly and it was not required.

I saw very similar things regarding trainees.

That could be true. Maybe they are lenders are trying to check the behavior of AMCs. Or maybe it could be like AMC says "do you want to add so and so requirement" and the lender says "sure why not".

I don't think the service agreement between the AMC and lender is all that customized to the specific lender., which is what is implied when someone says the AMC does what the lender tells them to do.

 

[djd09]

If lenders don’t accept field appraisal work from a licensed trainee, I assume they don’t accept field appraisal work being done by Uber drivers?

Seems a bit odd if they would.

AI Overview

Having two sets of rules, one for certain individuals and another for others, is generally considered unfair and can lead to resentment and a breakdown of trust. This creates a double standard where the rules or consequences for similar actions differ based on factors unrelated to the actions themselves.

Here's why this is problematic:

• Erosion of Trust:
  When people perceive that rules are not applied consistently, it becomes difficult to trust the system or the individuals enforcing the rules.
  
  
• Increased Resentment:
  Those who feel unfairly treated due to the double standard are likely to feel resentment and anger towards those who benefit from the preferential treatment.
  
  
• Lack of Fairness:
  Applying different rules to different people for the same actions is inherently unfair. It creates a sense of injustice and inequality.
  
  
• Negative Impact on Morality:
  A double standard can undermine the moral foundation of a community or organization by suggesting that some individuals are above the rules.
  
  
• Ethical Concerns:
  Applying a different set of ethical standards to different people is ethically questionable and can have detrimental consequences.
• 
  
• sounds familiar...

 

[DWiley]

I don't think the service agreement between the AMC and lender is all that customized to the specific lender...

That depended a lot on the lender. Many of them did have very specific assignment conditions, some did not. During my time, a couple of lenders were very well known in the AMC community for having a lot of additional requirements.

 

[chad hampton]

AI Overview

Having two sets of rules, one for certain individuals and another for others, is generally considered unfair and can lead to resentment and a breakdown of trust. This creates a double standard where the rules or consequences for similar actions differ based on factors unrelated to the actions themselves.

Here's why this is problematic:

• Erosion of Trust:
  When people perceive that rules are not applied consistently, it becomes difficult to trust the system or the individuals enforcing the rules.
  
  
• Increased Resentment:
  Those who feel unfairly treated due to the double standard are likely to feel resentment and anger towards those who benefit from the preferential treatment.
  
  
• Lack of Fairness:
  Applying different rules to different people for the same actions is inherently unfair. It creates a sense of injustice and inequality.
  
  
• Negative Impact on Morality:
  A double standard can undermine the moral foundation of a community or organization by suggesting that some individuals are above the rules.
  
  
• Ethical Concerns:
  Applying a different set of ethical standards to different people is ethically questionable and can have detrimental consequences.
• 
  
• sounds familiar...

Doesn’t surprise me, like Cindy Chance says for going on 20 years now the same cast of characters has been putting on different hats and rotating different jobs every few years. They’re confused on what roles they’re playing at any given time. It leads to corruption and unethical behavior. It’s just human nature.