Frank
Your explaniation makes more sense than the letter. I was ofended on the first read through.
Dale,
Thanks for taking another look at the letter.
"In examining the scope of the problem, we believe the GAO should focus on the following issues:
1. The conditions that allow for improper influence of appraisers by clients and third parties such as loan originators, mortgage brokers and others with an interest in the transaction;
OK These are the people that supply 90%of appraisal work. What are they saying here
Keep in mind, I didn't write the letter, have no specific verification of their underlying thoughts and am making a guess when answering your question. Each of these organizations is concerned about Lender Pressure, each is aware of the Appraiser's Petition and has weighed in at one time or another, in support of legislation aimed at countering the influence lenders and others have on appraisers. It seems to me, like many of us, they are not claiming to have the answer to the problem, but are trying to encourage the Senator to ask the GOA to determine if the problem is as pervasive as we perceive it and if so, to offer some suggestions for minimizing or elminating improper influence.
2. The lack of consistent state appraiser board enforcement activities;
I think you should be ofended by this statement.
Sorry to disappoint, but I'm not offended. There's plenty of anecdotal evidence here in Wayne's World there is a lack of consistency. It is a fact. There are dozens of reasons; they'd like the Senator to encourage the GAO to find out how much of a problem exists.
From a personal standpoint, assessing penalties is one of the toughest things I've ever had to do. Always, in the back of your mind is the realization of your actions affecting an individual's livelihood, bank account, family and ability to conduct business. Being a judge of professional behavior is not fun. Assessing penalties is gut wrenching.
3. The failure of the Appraisal Subcommittee to provide meaningful oversight of state appraiser boards."
I did not know this was a problem, where are they going with this.
We'll just have to wait and see. The original Sarbanes letter specifically asked the GAO to examine the Appraisal Subcommittee, the ASB and the AQB.
Of course am only 1 appraiser with no affialition or letters behind my name.
Dale, there is no shame in no affiliation or designation. We are all but one appraiser. Some of us have found strength and support by affiliation with like minded and concerned professionals. There are a number of organizations which may appeal to you for a variety of reasons. Feel free to email or private message me. I'd be happy to call you, tell you what I know and make some suggestions.
francois1@compuserve.com
Office 727-526-1573
Mobile 727-420-3804
(I'm not a recruiter)
Thanks again, for taking the time to read it twice.