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GSE Waiver & Data Collection Data

Mejappz said:
I pulled off that rainbow-colored bandage and embraced my intersectional identity as a married, Latino, gay male with a disability.
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That's all you need on your resume and if it doesn't get you a job in gov't, nothing will. Well.....maybe used to.
 
Up until doge started up, I had no idea all of DC was still working for home. These swamp creatures all live in fantasy land. They deserve what’s coming to them.
 
J Grant said:
Of course, the free cost to them is part of the economy of scale.

Agon, if the LEnders had to PAY out of their operating funds, $100-$200 to an AMC for each order, would the Lender continue to do it, or would they go back to in-house panel order? (w ich is much easier now due to website portals, auto computer reviews, etc)

If the cost came out of the lender's funds (or they pass it to the borrower ) and the appraiser got the same retail C and R appraisal fee whether th lender orders direct or the AMC orders, there would not be an issue, would not be that AMC's have to shop by price and assign by low fee as a main factor.
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I didn't say "free to them" doesn't exist or isn't a factor. I just said it isn't part of their economy of scale when it comes to their own time, effort and employee overhead.

The AMCs will still compete with each other by the total and they'll still shop appraisers by price. I don't know why you think their only motivation is to scavenge more of their own end from the appraiser. That's one motivation but it isn't the only motivation. We've even had current and former AMC employees in these threads telling you that the lenders are constantly comparing them to the other AMCs for their overall costs. One of them is in this thread and there are others on this forum. I'm not the one taking wild guesses about how much influence these lenders have on these AMCs. You are.
 
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George Hatch said:
I didn't say "free to them" doesn't exist or isn't a factor. I just said it isn't part of their economy of scale when it comes to their own time, effort and employee overhead.

The AMCs will still compete with each other by the total and they'll still shop appraisers by price. I don't know why you think their only motivation is to scavenge more of their own end from the appraiser. That's one motivation but it isn't the only motivation. We've even had current and former AMC employees in these threads telling you that the lenders are constantly comparing them to the other AMCs for their overall costs. One of them is in this thread and there are others on this forum. I'm not the one taking wild guesses about how much influence these lenders have on these AMCs. You are.
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We go in circles talking about what exists now wrt how AMCs get compensated from the appraisal fee, reducing by large amounts the income that reaches the appraiser. It is horrible and has to be scrapped, but like will stay the same due to the huge profit it returns to AMC', lenders and their affiliates, - the appraisal profession will become less and less viable on the res end for anyone with talent or the ability to enter or remain in
 
alebrewer said:
I'll buy the argument that personal observation is more thorough than something from an untrained runner, but I can't buy that looking at pics on a computer takes more time than driving to a property and doing the inspection yourself...
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Looking at them is quicker yes, actually looking for all of the details can take longer verifying that what the pdc put down is correct.
 
chad hampton said:
Up until doge started up, I had no idea all of DC was still working for home. These swamp creatures all live in fantasy land. They deserve what’s coming to them.
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I knew it. But Fannie has also been there to make jobs for people, rather than a need for many.
 
George Hatch said:
I didn't say "free to them" doesn't exist or isn't a factor. I just said it isn't part of their economy of scale when it comes to their own time, effort and employee overhead.

The AMCs will still compete with each other by the total and they'll still shop appraisers by price. I don't know why you think their only motivation is to scavenge more of their own end from the appraiser. That's one motivation but it isn't the only motivation. We've even had current and former AMC employees in these threads telling you that the lenders are constantly comparing them to the other AMCs for their overall costs. One of them is in this thread and there are others on this forum. I'm not the one taking wild guesses about how much influence these lenders have on these AMCs. You are.
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Yea AMCs are not some firewall, they do the bidding of lenders while giving them some level of deniability. Oh yea and I bet Fastapp got more popular after being busted for being unethical.
 
George Hatch said:
I didn't say "free to them" doesn't exist or isn't a factor. I just said it isn't part of their economy of scale when it comes to their own time, effort and employee overhead.

The AMCs will still compete with each other by the total and they'll still shop appraisers by price. I don't know why you think their only motivation is to scavenge more of their own end from the appraiser. That's one motivation but it isn't the only motivation. We've even had current and former AMC employees in these threads telling you that the lenders are constantly comparing them to the other AMCs for their overall costs. One of them is in this thread and there are others on this forum. I'm not the one taking wild guesses about how much influence these lenders have on these AMCs. You are.
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In addition to costs there is probably a reason to prefer FastApp even after they have been outed as unethical. Get the AMC with the number hitter, sell off the risk to someone else or just go after the skippy appraiser they paid $80 to and probably is easy to pick apart their report.
 
shrubberyvaluation said:
Looking at them is quicker yes, actually looking for all of the details can take longer verifying that what the pdc put down is correct.
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Haha. Still disagree, but maybe your eyes are a LOT slower than mine... :)
 
shrubberyvaluation said:
Yea AMCs are not some firewall, they do the bidding of lenders while giving them some level of deniability. Oh yea and I bet Fastapp got more popular after being busted for being unethical.
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Cutting the LOs out of the engagement loop doesn't solve the entirety of the appraiser independence issue. The direct lenders aren't necessarily any more moral than the outside loan originators so some of them will continue to engage in such nefarious conduct.

But no matter how we characterize it, when it comes to measuring the amount of misconduct via clients pushing on appraisers for values
Lenders + MBs > Lenders (only)​
 
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