Intimidation....I Will Not Be Silenced

[glenn walker]

I don't intend to belittle the situation. I've been there...stuck in the Landsafe doom-loop. I blamed everything and everyone I could for some time...it was a victimhood position. Nothing changed for me until I changed me. Boycotts and other cat-herding activities, as well as wailing about "the man" being oppressive are not activities that will actually help improve someone's day-to-day.

I stay out of the political relation side of my business...my bosses make sure of it lol. I do the technicals and leave those more inclined to handle politicking. Mentor said to me "Just because you won't play the game doesn't mean it isn't there and can't run you over if you get in its way." The whole point being...there are certain realities that exist in this business whether we like them or not. It's a lot easier to change your own positioning to somewhere you can thrive rather than standing in the path of and yelling at a charging behemoth to turn. I think back to the thousands of appraiser's who stood up and signed the petition, warning the financial world of its approaching doom. It was beautiful and meaningful and right to do so...and it did pretty much nothing except give us the opportunity to say I told you so.

Sage Advice-Kudos !

 

[George Hatch]

I'm pretty sure appraisers can sign up to perform PDRs. The hourly isn't going to be the same as appraising pays, though. They might have to go through some training to document their competency. Or perhaps seek an exemption.

 

[nachocheesefries]

You're arguing a point I never made. Of course Solidifi can remove me. My issue is them playing compliance police because I criticized another AMC. They don't have to keep me on their panel, and I don't have to shut up to stay on it. That's the point.

its coercion...in writing

I had a BANK processor leave me a bad Google review in her husbands name a few weeks ago over a value dispute she didn't like how I handled. Spent ten minutes googling her and comparing names to discover the person wring the review was her husbands name. Chad B or some damn thing. Bank made her take it down my morning. She should have been fired. They offered no apology though.

 

[alebrewer]

Well.... the requirement for driving the comps, viewing and photographing curbside is gone. So, it only makes perfect sense that the interior description will be taken care of by the homeowner.

Homeowner takes the photos, signs an electronic document swearing under penalty of perjury and cancellation of the the loan that this is their house. Voila, property data collector gone as there's no need for this step. Home insurance companies are already doing this.

That's certainly a viable possibility - assuming the appraiser considers that information sufficient to produce credible results.

 

[glenn walker]

The Value of any State Licence for most professions is the Signature and once that professional learns how to maximize that value that's when his her businesses can grow and make money.

 

[djd09]

they still think they can scope away misleading...because the gse said so

 

[djd09]

they want to base a 10 trillion dollar market on third party inspections from felons...prove me wrong

 

[djd09]

I'm pretty sure appraisers can sign up to perform PDRs. The hourly isn't going to be the same as appraising pays, though. They might have to go through some training to document their competency. Or perhaps seek an exemption.

lead the way big shot...

 

[glenn walker]

lead the way big shot...

Mijap may want to become a inspector....lol )

 

[Surf Cat]

That's certainly a viable possibility - assuming the appraiser considers that information sufficient to produce credible results.

I don't think photos from a property data collector are sufficient to produce the most accurate results. I feel the appraiser should be inspecting the subject property. But what do I know. Credible? Sure... it'll be within the range of the most similar sales.

To be up front, I've never completed a hybrid appraisal. However, I've completed many drive-bys. On those drive-bys, I "never" reconciled to the top end of the gross sales prices or the adjusted range. Why? Because I didn't do the inspection myself.

I did however, do everything that I would in a regular full appraisal in which I did the inspection. Chose the most recent, and proximate sales, covered all the components of brackening, equality, and similarity. I reconciled and gave weight to the sales that "appeared" to be the most relevant and similar based on the data I had for the subject. I never pushed it though, I never felt I had to.

If the client really wanted me to identify subtle condition issues, quality variations, and unique features that significantly impact market value.... they would have ordered the whole enchilada and sent me out there.

This is what I feel the modern appraisal is coming to, it just has to be "good enough".

I'm keeping an eye on and watching
all the AI, Hocus Pocus platforms out there, for which vendor rises to the top. Because that's where I think this is all going. The appraiser remains at the desk, goes into their chosen vendor, AI all-in-one platform, and does the assignment. No more software vendor like a la mode. No need to be signed up with the MLS or have access to public records. All of that is included from what I'm reading.

What I think is going to be really interesting, is when a client sends an ROV after completing a UAD 3.6 assignment
(designed for less revision requests, remember?) from one of these AI appraisal providers.

What are you sending me this for? I completed the assignment with AI, Hocus Pocus appraisals... it picked the very best comps, with dead balls on accurate linear regression adjustments.... it's perfect. And..... it's been certified and bona fide by the GSEs.