Illinois Appraisal Licensing Act

[Going Broke]

So...been having a hell of a time with one AMC today regarding this issue. They said since I spoke with "X" who is a representative of the lender (even though he has an AMC email account) that constitutes:

3) directly communicate with the financial institution to
determine the scope of the appraisal assignment.

Um...nope. It does not. At least not in my book. Besides that, my communication with him was basically - I've never heard of this, do other AMC's provide you with this info? - AND - I have forwarded your request to our Chief Appraiser, he should be contacting you soon.

Chief Appraiser did not contact me, report was sent in with statement in place saying it may not comply due to lack of documentation. Getting ready to send off report #2 to another AMC that did not provide the documentation. This is going to be a fun day. And by fun, I mean bang your head against the wall fun.

 

[NORTON]

So...been having a hell of a time with one AMC today regarding this issue. They said since I spoke with "X" who is a representative of the lender (even though he has an AMC email account) that constitutes:

3) directly communicate with the financial institution to
determine the scope of the appraisal assignment.

Um...nope. It does not. At least not in my book. Besides that, my communication with him was basically - I've never heard of this, do other AMC's provide you with this info? - AND - I have forwarded your request to our Chief Appraiser, he should be contacting you soon.

Chief Appraiser did not contact me, report was sent in with statement in place saying it may not comply due to lack of documentation. Getting ready to send off report #2 to another AMC that did not provide the documentation. This is going to be a fun day. And by fun, I mean bang your head against the wall fun.

tell them that u call each AMC and look for the highest fee and longest turn time...and that dictates who u select to work with!

 

[Tony Bamert]

i have done 4 AMC reports so far since the new rules came out. On each one, I scanned in a copy of the letter I received from ICAP stating the new guidelines. In the addendum of each report, I have noted that the report was completed in compliance with these new rules and that any questions should be directed to the State of Illinois. I am not trying to make enemies at the Department of Regulation, However, I dont have the patience to explain the new rules repeatedly clueless 22 year old out of state cubicle dwellers. So far, So good.

 

[Going Broke]

i have done 4 AMC reports so far since the new rules came out. On each one, I scanned in a copy of the letter I received from ICAP stating the new guidelines. In the addendum of each report, I have noted that the report was completed in compliance with these new rules and that any questions should be directed to the State of Illinois. I am not trying to make enemies at the Department of Regulation, However, I dont have the patience to explain the new rules repeatedly clueless 22 year old out of state cubicle dwellers. So far, So good.

So, have these AMC's actually provided you with the documentation or are you just making a statement that you don't have it? I am asking for it but having issues getting it. One AMC has sent out a generic letter stating that they have the authorization but no documentation to back it up. Is that acceptable because the way I read into it, they need to prove it basically. I ask for the information, send them the link to read about it themselves and if/when they don't provide it, state as much in the report. I'm not sure how to handle my next order though because they have provided me with a letter but again, nothing to back it up.

I heard from another appraiser today who said one of his AMC's said something to the effect of 'our legal has been in contact with your state, and our order form is all you need to comply'...

Hopefully the March newsletter will clear some of this up. I'm just wondering though - I've been told 3 times now that this is "the first we've heard of this"...really? I'm the only appraiser in IL asking for this info now? Somehow I doubt that (although I don't doubt that a lot of appraisers are not up to date on this).

 

[Mile High Trout]

Just trying to be helpful here, but it would appear that plausible deniability is at play.

Significant changes warrant across the board communication.

All appraisers should be immediately hand mailed a guidance packet so nobody can claim plausible deniability.

 

[Tony V]

Just trying to be helpful here, but it would appear that plausible deniability is at play.

Significant changes warrant across the board communication.

All appraisers should be immediately hand mailed a guidance packet so nobody can claim plausible deniability.

I have been following this thread to see how the entire issue plays out. Brian Weaver and Lee Landsford said that they are trying to get a handle on the issue and it would be addressed in their March newsletter.
i like your idea of all appraisers being mailed a guidence package as it would lessen the calls going into the State and also give the appraisers something to back them up with when the AMC says WTF..

Maybe Mr Weaver and Mr Lansford can have a copy of the March newsletter mailed out to each appraiser. This way when the ""hammer comes done for non compliance"" it can be stated that the State went beyond the call of duty to inform each and every appraiser about this issue.

 

[Lee Lansford]

...
Maybe Mr Weaver and Mr Lansford can have a copy of the March newsletter mailed out to each appraiser. This way when the ""hammer comes done for non compliance"" it can be stated that the State went beyond the call of duty to inform each and every appraiser about this issue.

The March newsletter ("Illinois Appraiser") will be available both at the website for the licensing agency and it will be distributed (via e-mail) by ICAP (IL Coalition of Appraisal Professionals) to its members.

However, ICAP may have +-1/3 of the +-5000 IL licensed appraisers as members. Appraisers have a responsibility in making effort to keep abreast of what's happening in the profession and how this affects their work. Unfortunately (as we all know), there is a certain number of appraisers who remain in the dark on many issues (with some just now learning that it is 2011 ). "Ignorance may be bliss", but ignorance is not a defense.

 

[Tony V]

The March newsletter ("Illinois Appraiser") will be available both at the website for the licensing agency and it will be distributed (via e-mail) by ICAP (IL Coalition of Appraisal Professionals) to its members.

However, ICAP may have +-1/3 of the +-5000 IL licensed appraisers as members. Appraisers have a responsibility in making effort to keep abreast of what's happening in the profession and how this affects their work. Unfortunately (as we all know), there is a certain number of appraisers who remain in the dark on many issues (with some just now learning that it is 2011 ). "Ignorance may be bliss", but ignorance is not a defense.

I agree with you Lee, appraisers do have the responsibility to keep abreast of what is going on. I also agree about the ""Bliss"" not being a defense. I posted the suggestion about a mailing of the newsletter as it could give all involved something in their hands to see. At the same time it may cause those in the dark out towards the lightwhere they may statrt to pay a little more attention.

I applaud the way your State issues a newsletter each month as I cannot remember the last time mine did. Illionis appears to be proactive rather than reactive.

 

[Going Broke]

The March newsletter ("Illinois Appraiser") will be available both at the website for the licensing agency and it will be distributed (via e-mail) by ICAP (IL Coalition of Appraisal Professionals) to its members.

However, ICAP may have +-1/3 of the +-5000 IL licensed appraisers as members. Appraisers have a responsibility in making effort to keep abreast of what's happening in the profession and how this affects their work. Unfortunately (as we all know), there is a certain number of appraisers who remain in the dark on many issues (with some just now learning that it is 2011 ). "Ignorance may be bliss", but ignorance is not a defense.

Lee, I agree that ignorance is not a defense. So, with that being said, I don't want to be ignorant to what is now required of us. Can you, or Brian, clarify some of the issues that have been brought up in the last few posts on this thread? We obviously are dealing with issues RIGHT NOW and cannot wait to turn these reports in until after the newsletter is released. For instance, is a letter from the AMC stating they are an authorized agent sufficient evidence, or do we need to see documents to support that claim? At this point, until the march newsletter comes out, a lot of us are ignorant to what exactly is required from the AMC. I'm not trying to be argumentative but I am getting increasingly frustrated with not knowing how to handle this when they do provide me with a letter stating they are authorized and no specific documentation. For those AMC's that refuse to provide anything....well that's easy.

 

[Mr. Lisle]

The March newsletter ("Illinois Appraiser") will be available both at the website for the licensing agency and it will be distributed (via e-mail) by ICAP (IL Coalition of Appraisal Professionals) to its members.

However, ICAP may have +-1/3 of the +-5000 IL licensed appraisers as members. Appraisers have a responsibility in making effort to keep abreast of what's happening in the profession and how this affects their work. Unfortunately (as we all know), there is a certain number of appraisers who remain in the dark on many issues (with some just now learning that it is 2011 ). "Ignorance may be bliss", but ignorance is not a defense.

I agree Lee, but what should we do until the March newsletter comes out? I have a few AMC orders in the works, and while I will comply as best as I can (listed the amount I am paid, the AMC as the client), I am having trouble getting the AMCs to willingly give up the info I need from them. Do I have to be concerned that an appraisal I complete before the newsletter is released will get me called in front of the board? What I am hoping to hear is that, while it is currently in effect, it won't be enforced until clarified a bit. So far I have only had one AMC send me a notice stating that they are an agent of the lender, but they have provided nothing to back that up.

I have turned away quite a bit or orders in the past month because the AMCs haven't provided me with what I think I need, I need the work.