Daniel Williams
Senior Member
- Joined
- Jan 14, 2002
- Professional Status
- Appraiser Trainee
- State
- Illinois
Ok...we know nobody wants to regulate LO'S or originators.
How about we just disclose what they do; I'm for manditory (USPAP) discloseuer of ANY attempt to sway or influence value. Maybe with a couple of "fill in the blanks" on the diclosure forum:
Did the Loan origiantor, client or processor offer his (or the home owners) estimate of Value? ___Yes ___No (If yes what was the "estimate" $__________)
Was there a contingency to stop work if preconcived value could NOT be obtained? ___Yes ___No
*If yes to either question please provide Full Name of requesting party and relationship to client. _________________________________________
just an Idea :idea: I get sooooo tired of LO's TRYING to influence value. My(our) income should NOT suffer because I (We) am(are) honest!
I do not create or destroy Value.....I only report it!

How about we just disclose what they do; I'm for manditory (USPAP) discloseuer of ANY attempt to sway or influence value. Maybe with a couple of "fill in the blanks" on the diclosure forum:
Did the Loan origiantor, client or processor offer his (or the home owners) estimate of Value? ___Yes ___No (If yes what was the "estimate" $__________)
Was there a contingency to stop work if preconcived value could NOT be obtained? ___Yes ___No
*If yes to either question please provide Full Name of requesting party and relationship to client. _________________________________________
just an Idea :idea: I get sooooo tired of LO's TRYING to influence value. My(our) income should NOT suffer because I (We) am(are) honest!
I do not create or destroy Value.....I only report it!