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Innntroducing: your competition!

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Farm Gal

Thread Starter
Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
I know this is kind of old news, but REALLY, I missed this ad the first go round...

http://www.firstamres.com/doc/avm.pdf

Life of loan $3.00 AVM, AND if the lender doesn't like it they don't have to pay for it :roll:

You can't always get what you waaant....

Houseing bubble? what houseing bubble...
POP!
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Yep. Sure lets us know what they think of Appraisers.

We are the nation's largest collector and provider of real estate information - with more than 100 million parcles in our database and an array of progressive delivery options. Our data coverage included public-record data, site-inspected data from URAR and MLS sources, recorded document images, plat maps, street maps, flood maps, and aerial maps.
Blatant advertising about the mining of appraisal data. Where is the AI, NAIFA, and all the other Appraiser Organizations???? Or is AI's AIRD handing it to them?

I was told that First Am's 'Appraisal Department' had the highest profit of all departments in at least their Florida offices. They can't come close to paying enough of a fee for me to accept any of their orders so I haven't done anything for them in quite a while now. After seeing this, I NEVER will no matter what kind of fee they offer.

Thanks for getting me all stirred up so late in the evening, Lee Ann! :roll:
 

Eric Boggs

Sophomore Member
Joined
Feb 23, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Well, if that is NOT some writing on the wall, I will eat my hat! If I were a LO, I would be stupid not to at least try the service. Just my $0.05.
 

Lee in L.A.

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
But you get what you neeeeed?

In this case more like what you pay for methinks.
 

TC

Elite Member
Gold Supporting Member
Joined
Jan 31, 2002
Professional Status
Certified Residential Appraiser
State
Pennsylvania
If I were a loan originator, I would not hesitate to use that service. How could you blame them? Their job is to place a loan period. Time for we appraiser types to look for a new career.

TC
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
To paraphrase the famous Pogo cartoon line,
"We've seen the enemy and it isn't us"

I was asked to do a driveby. Had done the
property before. The owner called and asked
why my value was so low. I yada yadahed.

So the owner says, didn't you know we added
500 square feet. I asked, "How would I have
known that by driving by?" And asked if she
had told the big loan company. "We told
them." ---"Well, I replied, they didn't tell me,
and they must not have thought it was important,
because they ordered a drive-by appraisal."

It just gets curiousier and curiouser.

elliott
 

Blue1

Elite Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
Those "URAR" sources are a "red herring" 'cause they're only good for so long........"100 million parcels?" So???? "Progressive delivery options????" "Site inspected data??????" What a of bunch BS.....
 

J in Florida

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Florida
I used FARES for awhile for data--They sucked bigtime and went with someone else. Inaccurate data, missing sales, you name it.

One of my best clients uses one of these on every loan--they go ahead and order full appraisals anyway, as even THEY realize what pieces of garbage these reports are. It helps that the branch manager is an SRA and knows what he's looking at. He sends me printouts of these things and they are so poor they are comical. Of course unsophisticated users of these reports (i.e. any living breathing human except appraisers) actually think these are the real deal and most will probably consider them appraisals.

Sheesshh!!
 
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