jturner01
Member
- Joined
- May 13, 2008
- Professional Status
- Certified Residential Appraiser
- State
- Florida
I have been racking my brains about this problem that has plagued our industry and I am not the smartest guy in the world, so I could be wrong on sooo many levels with this, but here it goes anyway.
Why not instead of having a government run system that hands out the appraisals, have a government systems that runs the underwriting? I know I do not like the idea of more government either, (I am neither Republican nor Democrat) but they (we) are the ones who are ultimately responsible for the loans anyway.
There would be no new taxes, there are fees already written into closing statements. It could streamline the process, they could also be responsible for the doc stamps. The sketchy loans and questionable appraisals can have an additional appraisal done on it. I like what someone else brought up of 80% LTV, needs another appraisal.
Again, I am just thinking out loud. I am not claiming to be the brightest in the world, this may not work, but I thought I would bring it up. Feel free to blast me, add to it, We may come up with something that will help our industry. Also please do not revert to political bashing as I have already said I not a democrat or republican, and bigger government does not really appeal to me. I just wanted some feedback and to throw it out there.
Why not instead of having a government run system that hands out the appraisals, have a government systems that runs the underwriting? I know I do not like the idea of more government either, (I am neither Republican nor Democrat) but they (we) are the ones who are ultimately responsible for the loans anyway.
There would be no new taxes, there are fees already written into closing statements. It could streamline the process, they could also be responsible for the doc stamps. The sketchy loans and questionable appraisals can have an additional appraisal done on it. I like what someone else brought up of 80% LTV, needs another appraisal.
Again, I am just thinking out loud. I am not claiming to be the brightest in the world, this may not work, but I thought I would bring it up. Feel free to blast me, add to it, We may come up with something that will help our industry. Also please do not revert to political bashing as I have already said I not a democrat or republican, and bigger government does not really appeal to me. I just wanted some feedback and to throw it out there.