Liability and Education

[Lawrence R.]

I have been routinely emailing my client contacts as new things come up about appraiser regulation and requirements, as well as lawsuits, articles and so forth where users of appraisal services are going to jail.

It hasn't decreased the number of orders I am getting(how could it, LOL) but I have noticed a marked decrease in the amount of crap I have to take with said orders.

Has anyone else tried this approach and do you think it would be worthwhile?

I recently forwarded a copy of Vernon's Indymac experience post to one mortgage broker.

They actually brought it up to me today when they called me on some other issues.

It just seemed like maybe it was helping the situation a bit. Since it was seemingly a positive outcome, I thought I would share it here, where we need a bit of positive news.

 

[INSPECTOR]

Are you talking to me?

I have been routinely emailing my client contacts as new things come up about appraiser regulation and requirements, as well as lawsuits, articles and so forth where users of appraisal services are going to jail.

It hasn't decreased the number of orders I am getting(how could it, LOL) but I have noticed a marked decrease in the amount of crap I have to take with said orders.

Has anyone else tried this approach and do you think it would be worthwhile?

I recently forwarded a copy of Vernon's Indymac experience post to one mortgage broker.

They actually brought it up to me today when they called me on some other issues.

It just seemed like maybe it was helping the situation a bit. Since it was seemingly a positive outcome, I thought I would share it here, where we need a bit of positive news.

I personally don't think that will help matters. I think it could be interpreted as a veiled threat. As I have said many times, I think most if not all the lenders (here in Florida anyway) pushed Appraisers around because they could. No one was watching! Well they got their way and look where it has gotten us. To rub their noses in it might be fun but isn't very professional. The people we need to take heed of whats happening are the policy makers. If they don't want to go through this again in another decade or so they NEED to give US the power to stop it. It's our job and we are all capable of keeping things reasonably in check if given the tools. It may better serve you to send all that information to your local or State Appraisal Board, or your local State Senator. Just my opinion for what it's worth (right now apparently very little).
Will work for gas...who needs food

 

[ZZGAMAZZ]

Vernon's story is on the shelf between Kafka and Damon Runyon, and should be required reading for everybody...I felt like forwarding it to the LA Times as what might become the basis of a Pulitzer...

 

[Lawrence R.]

I personally don't think that will help matters. I think it could be interpreted as a veiled threat. As I have said many times, I think most if not all the lenders (here in Florida anyway) pushed Appraisers around because they could. No one was watching! Well they got their way and look where it has gotten us. To rub their noses in it might be fun but isn't very professional. The people we need to take heed of whats happening are the policy makers. If they don't want to go through this again in another decade or so they NEED to give US the power to stop it. It's our job and we are all capable of keeping things reasonably in check if given the tools. It may better serve you to send all that information to your local or State Appraisal Board, or your local State Senator. Just my opinion for what it's worth (right now apparently very little).
Will work for gas...who needs food

No, I don't think I was talking directly to/about you...but no biggie.

I don't do business with slime balls and I don't think many of them perceive it as a threat.

Sometimes, one particular broker will call me when he is approached by an "investor" who wants him to jump on board with some scheme...I particularly like to send him these headlines where it outlines the same thing he is being approached to take part in.

Many of these guys follow the money b/c they don't perceive it as risky or even potentially illegal. Some don't care. But keeping these topics in the forefront lets them know that I do care.

And as far as it seeming threatening, 99% of what I send out includes the willing accomplice, the appraiser.

But, just for the record, if one of my clients is considering this type of behavior....they should view it as a threat. Not from me, as they won't include me in that crap, but a warning that people DO get caught.

 

[Don Clark]

No, I don't think I was talking directly to/about you...but no biggie.

I don't do business with slime balls and I don't think many of them perceive it as a threat.

Sometimes, one particular broker will call me when he is approached by an "investor" who wants him to jump on board with some scheme...I particularly like to send him these headlines where it outlines the same thing he is being approached to take part in.

Many of these guys follow the money b/c they don't perceive it as risky or even potentially illegal. Some don't care. But keeping these topics in the forefront lets them know that I do care.

And as far as it seeming threatening, 99% of what I send out includes the willing accomplice, the appraiser.

But, just for the record, if one of my clients is considering this type of behavior....they should view it as a threat. Not from me, as they won't include me in that crap, but a warning that people DO get caught.

I don't see anything threatning about what you are doing. But, it may not be a good exercise in how to win friends and influence people. I would assume that your clients already know most of what you are sending them unless they have been a coma for the past year or so. I would tend to take a more positive approach and save stuff like what you are sending them to some jerk you don't care if you lose as a client or not.

Just my thoughts on the subject. As my mother use to say..."You can catch more flies with honey than with vinegar".

 

[INSPECTOR]

No, I don't think I was talking directly to/about you...but no biggie.

I don't do business with slime balls and I don't think many of them perceive it as a threat.

Sometimes, one particular broker will call me when he is approached by an "investor" who wants him to jump on board with some scheme...I particularly like to send him these headlines where it outlines the same thing he is being approached to take part in.

Many of these guys follow the money b/c they don't perceive it as risky or even potentially illegal. Some don't care. But keeping these topics in the forefront lets them know that I do care.

And as far as it seeming threatening, 99% of what I send out includes the willing accomplice, the appraiser.

But, just for the record, if one of my clients is considering this type of behavior....they should view it as a threat. Not from me, as they won't include me in that crap, but a warning that people DO get caught.

I didn't take it personally. I'm just saying that personally I think what you're doing can be misconstrued as a threat and would be better sent to someone who can actually do something about it than a Lender. IMO