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Has Anyone Heard Of This?

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Jeff Mills

Freshman Member
Joined
May 8, 2002
I just received the following e-mail. This looks like a joke has anyone ever heard of this company? I’m not interested in doing any work for them just curious to see if anyone has, or if anyone has heard about this company.

Thanks

here is the link:

http://www.narpe.com/

*********************************************************

While interest rates are low, we appraisers are working our tails off
in order to keep up with the increase in orders and new clientele. The
additional income is great, but with the added income comes increased
pressure for quick turn time and “appropriate” numbers.

What most people don’t realize is that when the restrictions,
regulations, and requirements were developed for appraisers the concept
of quick turn time was not discussed.

In order to meet the demand of the populace several companies have
developed what we all know as AVMs (Automated Valuation Models) These
tools have been tested, screened, adjusted, and then tested and
screened again to the point of producing a hit rate of 90% with a
variance of +/- 5%. As appraisers we have all known for years that AVMs
are the way of the future. The future is now.

The question we ask now is “When AVMs are the norm, where will we
appraisers fit in?” Or is our profession to become a thing of the past?

The Networking Association of Real Property Evaluation, LLC (NARPE) has
the answer. By using NARPE’s technology and infrastructure in
conjunction with approved AVMs, and an appraiser’s eye, a value can be
quickly provided. No longer will you be required to produce a value,
yet the knowledge and expertise you’ve gained through time and
experience will remain a necessary commodity.

NARPE is seeking evaluators in your area to provide the lending
industry with a professional evaluation of real property. This network
of evaluators is being developed nation wide, providing extensive
coverage to accommodate the demands of leading lenders. NARPE is
accepting evaluators on a “first come, first qualifying” basis. We urge
you to become a part of this network to protect your financial future.

To sign up risk free and secure a position visit our website at
www.narpe.com. View our FAQs, if you still have questions; feel free to
email us at [email protected].


Sincerely,

NARPE
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Never heard of it...but it doesn't surprise me.
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
PLEASE

Just give me the reviews on those snakes in the grass!!!!

What knowledgeable, experienced, ethical appraiser would do these?

NONE

So.... that leaves newbies and inexperienced unethical 'appraisers' that found their license in the Cracker Jacks box.

No, I won't do that and it's an insult to ask me to. THEY WANT YOUR BUTT ON THE LIABILITY LINE INSTEAD OF THEIRS!!!
 

Jeff Horton

Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Alabama
I can become an evaluator for only $850! And they only charge me $10 per evaluation!! WHAT A BARGAIN!! I am going to sign up so I can be the first (stupid) appraiser in my area!!

I just got their email and couldn't wait to post it here but you beat me to it. And of course I have to carry E&O insurance too.

Yea AVM's are really working good! :rofl: Thats why they want us, our E&O insurance!

BTW you don't have to be an appraiser to work for them. Anyone want to join me in sending them a Stupid-Gram?

If you have a question regarding the website, or you have a technical problem, contact [email protected].
If you are an evaluator and you have a question, please contact [email protected].
If you are a lender and you have a question, please contact [email protected].
If you have a billing question, please contact [email protected].
 

Bobby Bucks

Elite Member
Joined
Jan 27, 2002
Professional Status
Real Estate Agent or Broker
State
North Dakota
Does the $850 fee include a mini-van?
 

Ross (CO)

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
It is the perfect fit the the person who never took any classes, nor passed their state exam, and perhaps never then received a "license" upon which they can call themselves an "appraiser". You'll see they speak of doing Evaluations, the very mincing of words which allows one who thinks they have a hunch, about what kind of value, a piece of real estate might "go for", in the local market.......gets to put that number down on the paper, and receive their $10 fee (or whatever they pay). I wonder what IR-responsible lending entity would want to rely on such an abbreviated process. What investor would want their money backing-up such a "deal" ? Having had a recent experience seeing how devastating one AVM left one h/o out to flap-in-the-breeze, these things are LESS likely to "become the norm" ! Leave these for the "Evaluators".....appraisers should consider the more-involved, thought-provoking reports.....and stick with the full-fee work.
 

Tawfik Ahdab

Senior Member
Joined
Feb 19, 2003
Professional Status
Certified Residential Appraiser
State
Oregon
From the "evaluator" application form:

Check box:

GED High School

BA/BS In what field?

MA In what field?

Registered Home Inspector

Licensed Home Inspector


Please describe any other educational courses, licenses, certifications and/or experiences in the areas pertaining to real property. (Home inspections, carpentry, construction, plumbing, electrical, remodeling, sales, appraising, etc.)


Appraising is last on the list... I pity these morons. Can you say "unlicensed appraisal activity"?
 

Blue1

Elite Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
By using NARPE’s technology and infrastructure in
conjunction with approved AVMs, and an appraiser’s eye, a value can be
quickly provided.

Yeah, and an Appraiser's knowledge, license along with an Appraiser's liability and of course an Appraiser's E&O. Sounds like they need us more than we need them!

These
tools have been tested, screened, adjusted, and then tested and
screened again to the point of producing a hit rate of 90% with a
variance of +/- 5%.

Sure, "adjusted" to "hit" the number with 90% accuracy! :rofl:
 

Jeff Mills

Freshman Member
Joined
May 8, 2002
“Now lenders are ready to expand AVMs into a whole new realm - first mortgages. But a problem arises: who will inspect the property?”

From the response I have seen this afternoon, not any licensed appraisers…hahaha
 
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