Bearslide
Senior Member
- Joined
- Dec 9, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Pennsylvania
Sarcasm on:
1. To the hundreds of lenders who have let greed and short term corporate goals get in the way of sound management and good business practices.
Thanks for making sure that your loan officers were paid on commission, thus increasing their stake in getting the deals done. Thanks for pressuring your underwriters to pass on iffy loans, threatening their jobs if they did not do so. Thanks for letting the bottom line get in the way of honest disclosure and thorough vetting of applicants abilities to pay for the loans you so strongly desired. Thanks for making sure you hired the number hitters and rewarded them with more work.
Thanks for relinquishing your appraisal underwriting duties to AMC's who would pressure for you, in the guise of separating yourselves from the appraiser, when in fact, it was just a tool to pressure even more - but from afar.
Oh - and thanks for giving the appearance of propriety while courting mortgage brokers. You knew, or at the very least, suspected, they were falsifying documents, putting borrowers in improper loans and pressuring appraisers. You knew they were using the number hitters. But, oh ye lenders - you could lay it off on the brokers and your hands are clean.
2. Thanks to the mortgage brokers, for caring not one whit for the disastrous results of your greed for the almighty dollar. Thanks for costing thousand of borrowers their largest investment while you lined your pockets. Thanks for pressuring appraisers and seeking the lowest common denominator. Thanks for lying to everyone involved in your deals.
3. Thanks to the good ol boy network who fostered the numerous chop shops and skippy mills. It never occurred to you that you could foster something good and advance a profession. No, you were more interested in signing reports on properties you never saw while sitting there in your leather chairs and smoking your fat cigars, adding to your bank account.
4. Thanks to the appraisers who have not had the common sense they were born with or any sense of decency or responsibility. Thank you so much for rolling over and giving in to mortgage brokers and bank loan officers - to the point where it is expected to do comp checks and hit the value. Thanks for making those of us who care the ones who are accused of being "bad" appraisers, while you are the "good" appraisers because you hit the number and never saw one item of deferred maintenance.
5. Thanks to our government officials, who knew what was going on - and even participated, drinking at the trough of "VIP programs". Thanks for shirking your duties and helping so many of your constituents lose their homes. You had the power to stop this insanity long ago and did nothing. Too easy, too profitable to lay in bed with the money men. And even now, with the evidence in front of you, you continue to ignore it and make plans to bail out lenders on the taxpayers dime. You were elected to lead and have failed miserably.
6. Thanks to the state boards who cry not enough funds, and when handed evidence of proveable fraud, shirk your duties and allow it to continue. Thanks for the wrist slaps, when suspensions were in order. Thaks for allowing the skippy mills to proliferate. We are all so very grateful.
7. Thanks to the borrowers who allowed their short-sightedness and greed to make their problems everyone else's problem. Thanks for signing those documents, when you knew in your heart you could not, would not, repay that loan. Thanks for not being adults - for not checking out what you were signing. Thanks for taking your kids futures and putting them in jeopardy. Thanks for just having to own that McMansion, when less would have been better.
All of you, starting at the top, have put this country in the worst financial mess in decades - and it is just starting to come out how bad it is going to get. You have all done a real bang-up job and we who get to watch and try to clean up this mess just don't know how to thank you. You have our eternal gratitude.
Sarcasm off.
1. A genuine thank you to the very few lenders who HAVE put corporate responsibility and honest lending practices at the front. You are few, but you deserve respect. You recognized early on that the borrower had to be able to repay, and that the collateral had to weigh heavily in your decisions. You knew you needed honest, thorough appraisals - and you pursued them. You vet your appraisers - you are rigorous in your demands - but you are a pleasure to work for. Your underwriters are honest, hardworking, knowledgeable folks - and they ask their questions clearly and concisely.
2. Thanks to the true mentors who foster knowledge and demand excellence. You are few, but you too, have earned respect. Some are on this board, and it has become my pleasure to know you.
3. Thanks to the many honest, ethical, struggling appraisers I have met on this forum. It may be beans on the dinner table, but you don't cave to the pressure. You most definitely are due thanks and respect. My genuine thanks and admiration to the MANY appraisers who had skip shop mentors, who figured it all out, left when they could, and pursued excellence on their own. The cream still rises to the top, despite the obstacles. You make me proud - and deserve real thanks because you had to struggle to unlearn what was wrong and find the right path on your own. You deserve the utmost admiration because you had to fight harder to find the right path. You know who you are - I am proud to call you friend and associate.
4. Thanks to the very few government officials listening. I hope you will earn respect by making some badly needed changes and doing what you were elected to do.
5. Total respect and thanks to the state boards and individual members who DO try to make a difference. We look to you to help get this profession turned around.
6. Thanks to the honest folk who didn't sign those papers, who gutted it out and made do with a smaller house or an older car and lived within their means. And thanks also to those who genuinely were taken advantage of. If you honestly didn't know, or were lied to, then you did your best. My hope is you will get reprieve and justice.
It is my fondest wish that those who have put us where we are will get what they so richly deserve. Perp walks and handcuffs are in order for many. It is my prayer that the people whose lives have been destroyed will be made whole. It is my hope that honest, ethical appraisers will be valued for what they are and be rewarded for producing honest work.
1. To the hundreds of lenders who have let greed and short term corporate goals get in the way of sound management and good business practices.
Thanks for making sure that your loan officers were paid on commission, thus increasing their stake in getting the deals done. Thanks for pressuring your underwriters to pass on iffy loans, threatening their jobs if they did not do so. Thanks for letting the bottom line get in the way of honest disclosure and thorough vetting of applicants abilities to pay for the loans you so strongly desired. Thanks for making sure you hired the number hitters and rewarded them with more work.
Thanks for relinquishing your appraisal underwriting duties to AMC's who would pressure for you, in the guise of separating yourselves from the appraiser, when in fact, it was just a tool to pressure even more - but from afar.
Oh - and thanks for giving the appearance of propriety while courting mortgage brokers. You knew, or at the very least, suspected, they were falsifying documents, putting borrowers in improper loans and pressuring appraisers. You knew they were using the number hitters. But, oh ye lenders - you could lay it off on the brokers and your hands are clean.
2. Thanks to the mortgage brokers, for caring not one whit for the disastrous results of your greed for the almighty dollar. Thanks for costing thousand of borrowers their largest investment while you lined your pockets. Thanks for pressuring appraisers and seeking the lowest common denominator. Thanks for lying to everyone involved in your deals.
3. Thanks to the good ol boy network who fostered the numerous chop shops and skippy mills. It never occurred to you that you could foster something good and advance a profession. No, you were more interested in signing reports on properties you never saw while sitting there in your leather chairs and smoking your fat cigars, adding to your bank account.
4. Thanks to the appraisers who have not had the common sense they were born with or any sense of decency or responsibility. Thank you so much for rolling over and giving in to mortgage brokers and bank loan officers - to the point where it is expected to do comp checks and hit the value. Thanks for making those of us who care the ones who are accused of being "bad" appraisers, while you are the "good" appraisers because you hit the number and never saw one item of deferred maintenance.
5. Thanks to our government officials, who knew what was going on - and even participated, drinking at the trough of "VIP programs". Thanks for shirking your duties and helping so many of your constituents lose their homes. You had the power to stop this insanity long ago and did nothing. Too easy, too profitable to lay in bed with the money men. And even now, with the evidence in front of you, you continue to ignore it and make plans to bail out lenders on the taxpayers dime. You were elected to lead and have failed miserably.
6. Thanks to the state boards who cry not enough funds, and when handed evidence of proveable fraud, shirk your duties and allow it to continue. Thanks for the wrist slaps, when suspensions were in order. Thaks for allowing the skippy mills to proliferate. We are all so very grateful.
7. Thanks to the borrowers who allowed their short-sightedness and greed to make their problems everyone else's problem. Thanks for signing those documents, when you knew in your heart you could not, would not, repay that loan. Thanks for not being adults - for not checking out what you were signing. Thanks for taking your kids futures and putting them in jeopardy. Thanks for just having to own that McMansion, when less would have been better.
All of you, starting at the top, have put this country in the worst financial mess in decades - and it is just starting to come out how bad it is going to get. You have all done a real bang-up job and we who get to watch and try to clean up this mess just don't know how to thank you. You have our eternal gratitude.
Sarcasm off.
1. A genuine thank you to the very few lenders who HAVE put corporate responsibility and honest lending practices at the front. You are few, but you deserve respect. You recognized early on that the borrower had to be able to repay, and that the collateral had to weigh heavily in your decisions. You knew you needed honest, thorough appraisals - and you pursued them. You vet your appraisers - you are rigorous in your demands - but you are a pleasure to work for. Your underwriters are honest, hardworking, knowledgeable folks - and they ask their questions clearly and concisely.
2. Thanks to the true mentors who foster knowledge and demand excellence. You are few, but you too, have earned respect. Some are on this board, and it has become my pleasure to know you.
3. Thanks to the many honest, ethical, struggling appraisers I have met on this forum. It may be beans on the dinner table, but you don't cave to the pressure. You most definitely are due thanks and respect. My genuine thanks and admiration to the MANY appraisers who had skip shop mentors, who figured it all out, left when they could, and pursued excellence on their own. The cream still rises to the top, despite the obstacles. You make me proud - and deserve real thanks because you had to struggle to unlearn what was wrong and find the right path on your own. You deserve the utmost admiration because you had to fight harder to find the right path. You know who you are - I am proud to call you friend and associate.
4. Thanks to the very few government officials listening. I hope you will earn respect by making some badly needed changes and doing what you were elected to do.
5. Total respect and thanks to the state boards and individual members who DO try to make a difference. We look to you to help get this profession turned around.
6. Thanks to the honest folk who didn't sign those papers, who gutted it out and made do with a smaller house or an older car and lived within their means. And thanks also to those who genuinely were taken advantage of. If you honestly didn't know, or were lied to, then you did your best. My hope is you will get reprieve and justice.
It is my fondest wish that those who have put us where we are will get what they so richly deserve. Perp walks and handcuffs are in order for many. It is my prayer that the people whose lives have been destroyed will be made whole. It is my hope that honest, ethical appraisers will be valued for what they are and be rewarded for producing honest work.
Last edited:
