MB 'Ordering'

[xmtpedprl]

Hi,

In Illinois most of us have heard to a firm whose initials are '(The) ME' We won't do any work for them, ever, they are just not our kind of firm (which always stuns the LOs when they call), but I was wondering if any of you are getting this:

Their owners are calling us, attempting to order their own appraisals, at least as of late. Every time this happens we tell them they can't do that, that they must have their LO engage us, which leads to the LO calling and saying, "We never heard of that before..."

Now, I am having a very hard time believing that. Is this some kind of new policy for these guys? Owners ordering their own appraisal for a FRT? Just wondering if any of you all were getting the same thing.

Dave...

 

[Scott Kibler]

I had homeowners find me over the internet and try to engage me directly for a mortgage related job. i just tell them to have their lender contact me directly. No big deal and even kind of a benefit as I can hit them with the COD concept right out of the chute.

If the company in question is who I think it is, you are probably wise not to associate your appraisal reports with their files.

 

[xmtpedprl]

Scott,

You and I are certainly thinking of the same joint, and you bet, wouldn't touch these guys with a cross county pole.

Dave...

 

[JonGalt]

I'm a little slow today, could you just post the name so I can be up to speed on another company to be careful of?

Thanks.

 

[xmtpedprl]

Hmmmmm.

I was thinking: Are they doing this so - in some bizarre twist of the rules - they can claim they *didn't* directly engage the appraiser, and thus didn't have any opportunity to (directly) influence the value?

I ask only because this was the third such incident in the last two weeks, it just seems really odd. The only other option I can conceive is that they have a whole stable of new LOs who just weren't taught anything other than how to dial and answer a phone.

Dave...

 

[athome77]

Please don't make me wonder all night who this firm is.

 

[Lee Lansford]

Please don't make me wonder all night who this firm is.

Perhaps the MB who has a radio program on a Chicago AM station?

 

[xmtpedprl]

If we're playing hot & cold I'd say that guess is blazing.

Dave...

 

[Proactive]

Hi,

In Illinois most of us have heard to a firm whose initials are '(The) ME'

The Mortgage Eunuch?

 

[BNICK]

"me" Is "COD" And No "comp Checks" And The Value "is " The Value
Thank You Very Much
The Radio Program Is Entertaining Imho ,please Do Not Read Into This As A Recommendation For The Program, I Just Like The Enthusiasim Of The Moderators For Real Estate