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How to Fight AMC Abuse of Appraisers

Oh, I believe those numbers.

Runners are sent to inspect and measure the property. Before jetting off to the next inspection, they send the photos and information to the report writers who in turn send it to the signer as "did inspect". Then they all share in the pot of gold.

The AMC system loves the dregs. They don't value an appraiser well-versed in all faucets of appraisal through education. These types are the friction that get in the way of a fast, rubber stamped report.
I have been saying this for years. This guy only got caught because they thought he was racist, when it appears just a fraud. How did fannie and Freddie let this one slip by.


Over 20,000 appraisals completed


He manages a team of appraisers across the US and helps clients find solutions to the most complex cases.

Who is he....Google him lol.
 
Speaking of battered spouse syndrome, I find these to be such odd and oppressive values for an appraisal company to espouse. It's like they're weeding out anyone with a shred of self-respect.

View attachment 95323
They forgot, "Nobody Cares – Work Harder!"
 

Told you, lenders are Crooked and the gses are laying out the red carpet for these non bank lenders.




Yellen Eyes Nonbank Mortgage Lenders, Warns of Potential Failure​

 
My name is Max Mykhailyna. I am an investor and a wholesaler based out of the Denver, CO area. I operate across three major markets: North Jersey Metro, Philadelphia Metro (including South and Central Jersey) as well as Denver Metro area.I have been involved in those markets for the past 8 years as a real estate appraiser and an investor. I am solely focused on distressed Sellers who are looking to get rid of their assets quickly. I would like to connect with cash Buyers who can deliver the money to the table under 10 days. My office gets between 5 to 10 deals weekly. My team and I look forward to helping you purchase your next real estate investment deal!
 
My name is Max Mykhailyna. I am an investor and a wholesaler based out of the Denver, CO area. I operate across three major markets: North Jersey Metro, Philadelphia Metro (including South and Central Jersey) as well as Denver Metro area.I have been involved in those markets for the past 8 years as a real estate appraiser and an investor. I am solely focused on distressed Sellers who are looking to get rid of their assets quickly. I would like to connect with cash Buyers who can deliver the money to the table under 10 days. My office gets between 5 to 10 deals weekly. My team and I look forward to helping you purchase your next real estate investment deal!
Call his office and order an appraisal. Wonder if he is now just the president and is now using others certs to run his skippy firm?

Maybe a mass email needs to be sent out to every lender and AMC in the us.
 
Call his office and order an appraisal. Wonder if he is now just the president and is now using others certs to run his skippy firm?

Maybe a mass email needs to be sent out to every lender and AMC in the us.
You mean to help the AMCs he doesn't use find him to add him to their preferred panel?
 
I have been saying this for years. This guy only got caught because they thought he was racist, when it appears just a fraud. How did fannie and Freddie let this one slip by.


Over 20,000 appraisals completed


He manages a team of appraisers across the US and helps clients find solutions to the most complex cases.

Who is he....Google him lol.
There's grifter's in all sectors. They have no problem going to sleep after ripping people off. They steal money out of Grandma's purse and blame her for leaving it open.
 
All forms of due diligence add friction to the loan production function.
God forbid we have five minutes of friction in a 600k transaction with a loan backed by the taxpayers. I mean, the shareholders might have .0001% less profit that quarter.
 
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