Hybrid

[Eli]

State law is involved too and sometimes separate and beyond Federal expectations. Big time.

 

[George Hatch]

I normally don't respond to you but in this case I'll make an exception.

Nobody is arguing that when lenders use less valuation they're incurring more risks. And aside from the normal dangers the lenders pose to our general economy the idea of them taking more risks should be of concern to us all.

But unless and until these lenders are prohibited from using these they're going to exercise their options. And they don't need all the appraisers or even most of the appraisers to agree to do these; they only need enough heads to get the job done; and well all know they're not going to have any problems finding those heads. Regardless of the conversation.

What we should all want is to promulgate the distinctive reporting format and the requisite disclosures it takes to inform readers what the appraiser did and didn't do; and to not just leave it up to the lenders to come up with a format that's simply convenient for them to the exclusion of our legitimate interests.

 

[Eli]

I normally don't respond to you but in this case I'll make an exception.

Nobody is arguing that when lenders use less valuation they're incurring more risks. And aside from the normal dangers the lenders pose to our general economy the idea of them taking more risks should be of concern to us all.

But unless and until these lenders are prohibited from using these they're going to exercise their options. And they don't need all the appraisers or even most of the appraisers to agree to do these; they only need enough heads to get the job done; and well all know they're not going to have any problems finding those heads. Regardless of the conversation.

I normally consider your posts like you are addressing things you know about. I gave you an expert source with LIA. Peace bro. Lol

 

[J Grant]

My hope is the hybrids keeps the staff appraisers, speedsters and the marginal busy doing cubicle work drivel

 

[Eli]

There something marginally wrong. I can’t exactly put my fingers on it. I feel it in the air related to intended use and user.

It’s like it’s on a pendulum or scale like Mike Kennedy has or had.

Here you go. Is Phil and Peter Simba or Scar? Lol

 

[Eli]

New poll.

 

[J Grant]

One more thing: if lenders ARE considering their options on appraisals, one of those other options is simply allowing licensed trainees to solo inspect with the Supervisor checking the "did not inspect" box. Even if it is at a lower fee.

So then you have to ask yourself how many of your peers you think will decide that now is always a great time to take on more trainees. Which if you want to do something productive with your chronic dissatisfaction, that would be an issue we might actually be able to affect from our end.

Most of our peers won't train anyone even with this option, it is the AMC;s and lenders who use staff that will pay a staff appraiser a meager bonus to supervise a trainee. TMD already posted about one lender doing that and the trainees run around and inspect.

 

[Carnivore]

I wasn't aiming the SOW discussion at most people, and certainly not towards you; and I agree that .

George, i referenced you because your ARE an Expert on USPAP. Me saying i did not need you tell me that was simply an acknowledgement that I had taken the time to study the Desktop/BF to the point where I understood it as well as you.

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Want to send a Client into a tail-spin? After viewing photos thru the Lens of an Appraiser, Complete your desktop with a 'Subject To': Roof Inspection by a Licensed Contractor

The Client/AMC will turn into the Soup Nazi; 'No Soup for You'. LMAO

NOTE: All went well with my VA Doc appointment and she turned me down again on marriage, but she Re-Upped my drugs...So i am feeling good now.

 

[George Hatch]

Most of our peers won't train anyone even with this option, it is the AMC;s and lenders who use staff that will pay a staff appraiser a meager bonus to supervise a trainee. TMD already posted about one lender doing that and the trainees run around and inspect.

Okay, lemme ask you this: If the productivity rate of a trainee is (let's say) 50% of that of a more experienced veteran who is in the groove, then how many trainees a year do you think it would take for the lenders to compensate for whatever the attrition rate is for the old timers, and thus maintain their "buyer's market" leverage over the fee appraisers?

I don't think it takes that many.

Right now my state lists 737 active trainee licenses and 6,733 active SLs and CRs. By my count, 737 / 6733 = 10.95%. Multiply that by 4 or 5 years and we'll never get out of this hole.

 

[J Grant]

Okay, lemme ask you this: If the productivity rate of a trainee is (let's say) 50% of that of a more experienced veteran who is in the groove, then how many trainees a year do you think it would take for the lenders to compensate for whatever the attrition rate is for the old timers, and thus maintain their "buyer's market" leverage over the fee appraisers?

I have no idea. The point is that with relaxed requirements about who can inspect, as well as lowering of education barrier opens up recruitment for trainees and virtually the only ones with incentive to train are the AMC's or big box lenders with staff appraisers for res lending work.

It's hard to predict exactly what they will do but easy to observe that they are on a mission to change , as much as they can , "appraising" into an assembly line efficiency drone type production model.