Exclusion from a panel

[Overimprovement]

Thank you. I am really trying to learn in this instance. I usually try to give 120% so am always surprised when there is a slap back.

You're under the mistaken impression that stakeholders want the best report. They don't. They want a report that keeps the milk churning cause it's butter they need.

 

[timd354]

It sounds like the production department is getting pressured not to use you. Make sure that their underwriting & compliance officers attend that "hearing" and let them know that the meeting will be recorded. Those panels are not supposed to be "realtor select", and they know that. You've probably already lost this client and certainly won't get them back by playing nice, now make them sweat their future viability as they're making you sweat yours. Ask them exactly what criteria they use to determine the makeup of their appraisal panel. The way you describe it, It sounds to me like they don't have any legitimate reason to exclude you from it so I would let them know that there are other entities interested in mortgage companies excluding qualified appraisers in favor of number hitters and appraisers who will ignore deferred maintenance due to realtor pressure. And they will most certainly flag their originations for closer review and possible repurchase demands.

There is zero chance the lender is going to let the appraiser record such a meeting

 

[Fernando]

I got an order to do a FHA appraisal.
Seem simple enough.
Being Nando and doing preresearch, I found usual past events.
Seems like a large $1,000,000+ loan was given (7.12% for 57 year loan...WTF).
And last month there's a Notice of Trustee's Sale.
Zillow indicated much much lower value than loan amount.
I don't know what's happening but my appraiser intuition is telling me to not take this order.
Some appraisals are not worth the fee.

 

[Mike Ault]

There is zero chance the lender is going to let the appraiser record such a meeting

This lender is stupid enough to "hold a hearing". They might be stupid enough to let the OP record it as well.

 

[Fernando]

In the "hearing" ask for specifics in their allegations so you can defend your past appraisals.
Hopefully you get heads up on the appraisals they have a problem with so you can be prepared.
If you cite USPAP jargon (they won't understand) you will clearly show you did your job professionally unlike the complainers who don't understand the appraisal process.

 

[sputnam]

This lender is stupid enough to "hold a hearing". They might be stupid enough to let the OP record it as well.

Check the law in your state. We are a 'one party consent' state for recording. As long as you know that you are recording (and why wouldn't you) it's admissible in court. You don't have to tell the other party.

 

[Tom D]

This lender is giving them a meeting, which in most cases you are just done without a notice. So how bad is the lender.
The question is, is this just 1 appraisal complaint, or your overall work. Did they give you specifics, or is it gonna be a vague bear trap to put your foot into. How do you defend yourself with any vague questions. Be careful how you answer, or maybe don't answer a vague question, but you seem to have things covered. You may come out innocent, but still lose the client. They may have more easy appraisers to do their deals, so i don't understand the meeting part purpose. Maybe they like you, but want you to be a kinder appraiser. This is a good post for use here to learn something when you get back from that meeting. We don't get to many, or none, of these issues posted, or completed.

Of course, i have direct lenders for a long time, with whom i am friendly. I can call someone higher up and talk about anything. I had to only do that once, but it worked. My big lender has a compliance attorney on staff.

 

[Zoe]

I am not shy. I would go to the meeting and answer their concerns. I would also reach out to the agent and talk to them as well about their concerns.

I would ask the lender if the agent had complained about me to them.

 

[Tom D]

My biggest direct lender had a top producing loan officer, did a real lot. However, he was bi polar. So when he didn't like my appraisal i would hear him screaming into his cell phone. Now he wants to get rid of me, but i was there longer and more liked by the area manager. I'm still there, and the lone officer knew i wouldn't be gone. But there was no use in ever talking to that psycho.

 

[Surf Cat]

Wondering what the experiences are out there of appraisers being excluded from a panel. I have a "hearing" to discuss with the mortgage company

What panel are you being excluded from? A direct lender? An AMC? You shouldn't be discussing anything with the mortgage company if they're not your client.

I believe that this is coming from realtors complaints.

homeowner did not like price.

So what.... again, not your clients.

Who are you having "a hearing" with? I would touch base with my E&O Insurance provider before conducting this meeting.