Hybrid Appraisals

[George Hatch]

Allegedly is the key, the person alleges offers no hard figure proof ot it, here, and experience of nearly every appraiser on the board who does res lender work says otherwise. I am familiar with the AMC landscape to some degree, having worked with them post-HVCC for two miserable years, and then spent years and a big chunk of my own savings rebuilding my business away from them.

We're seeing reports of fee appraisers and smaller AMCs getting starved out of the business on a regular basis. Anyone who thinks there's a corporate policy or legislative control that will reverse that trend at the mass scale needs to step away from the crack pipe. It won't happen because it can't happen.

The question every self-employed (and most staff-employed) appraiser needs to give serious consideration is what their survival strategy is going forward. IRL nobody is coming to save fee appraisers, and that includes the courts. If an appraiser is to survive it will only be by their own hand. Their own strategy, their own interactions with the environment in it's "as is" condition.

 

[George Hatch]

What kind of word salad is this - I have no idea what you are trying to say, except that the tone disparages appraisers-

Of course fee appraisers can not accomplish overcoming the leverage of AMC's!! That is the problem in a nutshell. How can low resource, independent fee appraisers possibly withstand the billion dollar worth AMC;s with lender and GSE backing, with the einfunee to change regulations ( you did comment well on that wrt the second fee survey added to the original AMC HVCC which was the death knell of C and R for AMC orders ) and the leverage of bulk volume orders, after Appraosers were cut off from their own lender clients post HVCC -when it was forbidden ttht individual loan officers order teh appraisal. That narrowed effeicve demand to a small number of players so the neeormal supply and demand on the commerical and private side of appraisals does not exist, and th normal supply and demand in the rest of the business world does not exist.

You always have had a reading comprehension problem.

No matter what, these lenders all have more alternatives than the appraisers do. That's a simple fact, not a disparagement of the appraisers.

 

[Terrel L. Shields]

RL your peers aren't responding to the calls to honor a picket line

I am rather amused at the newbies who keep calling for an appraisal union (which already exists but who would know that?) and/or demanding we try to fund lobbyists that clearly cannot compete head-to-head with the phalanx of lobbyists working for the NAR and Amer. Bankers Assoc. (never mind the Mortgage bankers) We are a fraction of the population of those groups. I am not big on jousting the windmills. It's a waste of time. Not to mention a waste of money most appraisers don't have. PS George I don't "like" your posts so much as simply agree with them. We can only do so much.

 

[George Hatch]

I don't "like" the facts. I just decline to ignore them in furtherance of some expression of emotional intelligence or empathy or whatever other smooth brained fuzzy thinking passes for reasoned discourse among the subtard community.

I put bids in for 4 assignments this week. I got 2 of them. That means my competition got the other 2.

 

[Bobby Bucks]

Meanwhile, appraisers continue to be begged to perform hybrid assignments for fees less than $300 for a URAR. Some of their recruiters trolled and posted in this forum and were actually defended by a few in here who bizarrely considered he/she/them “fellow professionals”. Very few. And the beat goes on.

 

[J Grant]

We're seeing reports of fee appraisers and smaller AMCs getting starved out of the business on a regular basis. Anyone who thinks there's a corporate policy or legislative control that will reverse that trend at the mass scale needs to step away from the crack pipe. It won't happen because it can't happen.

The question every self-employed (and most staff-employed) appraiser needs to give serious consideration is what their survival strategy is going forward. IRL nobody is coming to save fee appraisers, and that includes the courts. If an appraiser is to survive it will only be by their own hand. Their own strategy, their own interactions with the environment in it's "as is" condition.

The stragey of most fee apparisrs, unless the have niche work, enough private work/direct lender work is to quit. I happen to have good lender work ( and wholesalers ) who do not use AMCs, but even this segment feels vulnerable, and if I were younger, I would be retraining for a different career.

The other stargey I suppose is do appraising part time but that is not a great solution due to uneven work flow and high cost of license, sorgware, E and O, etc -Some appraisers will go the staff route which seems miserable with mediocre pay for high stress volume production but if they can handle it i, that is an option. Assessor and other such jobs might support a small segment.ao

 

[J Grant]

I don't "like" the facts. I just decline to ignore them.

I put bids in for 4 assignments this week. I got 2 of them. That means my competition got the other 2.

But the kind of bidding you do is not the kind of bidding we res license only appraisers to AMC mortgage lender work.

 

[George Hatch]

You're missing the point: I lose assignments to my competitors because my clients also have options, even if they're dealing in smaller volumes and with a smaller pool of competing vendors. As well, my clients compete with each other and they lose deals to their competitors every week.

The scale is different but the fundamentals of supply/demand remains the same. Capitalism.

 

[J Grant]

You always have had a reading comprehension problem.

No matter what, these lenders all have more alternatives than the appraisers do. That's a simple fact, not a disparagement of the appraisers.

We are aware of that, but the alternatives are rigged in the favor of the profiteer side, which you ignored selectively - the history of disparing appraisers was making repeated accutions that it is all about the fee - yet that accusation does not go to the AMC /lender side -and there was never a reason to make that accusation in the first place. The fee is THE reason these profiteers are parasites on appraisers - well they won, so what is the point, except to set the record straight.

 

[George Hatch]

How have I ever ignored anything?

The appraisers are all about the fee. The AMCs are all about the fee. And the lenders are also all about the fee in that they don't want to carry staff and overhead when the volumes won't support them.

Nobody in this loop is putting principle ahead of profits, and that includes the fee appraisers. Nor am I "batting for the other team" in acknowledging that reality.