National Appraiser Boycott

[Zoe]

You would need a lawyer with very good real estate skills and antitrust law experience to write the petition to Congress and other regulators. You would need a consumer oriented lawyer to write the petition.

Not somebody focused on appraisers. Somebody focused on public trust and the borrower. You can't win it from appraisers' side.

If lawyer says I don't like it. Let's boycott............... Fine. It would hurt if lawyer said let's boycott after diplomatic relations. It would hurt big lenders very bad.

It would hurt Fannie/Freddie bad. 1 week boycott would do major damage to income.

 

[Surf Cat]

Well, kinda. FIRREA applies to FRT's only. That's about 8-10% of all residential mortgages (at least according to Claude).

Okay....Many residential loans are outside that category, so they are not subject to the same federal appraisal mandate. With the way things are going....they'll waive those appraisals.

That said, if a lender still wants an appraisal and goes through an AMC, why do I as the appraiser have to pay the lender's service fee? The borrower pays for the appraisal.....order it from me directly and run it through a computer review system....fine with me.
I just don't want to be rolled in the alley for half the fee so the AMC's can profit on my expertise and licensure.

It's funny....to this day, all home owners then I get into a conversation with regarding what I do, are completely floored that a middleman takes half the fee and shops for the cheapest appraiser even though local appraisers are willing and able to do the job. Completely unaware. I haven't run into one homeowner that stated "wow, sucks for you appraisers that an appraisal management company takes half your fee". Not one.....

 

[Zoe]

The lawyer hired would need tied to a Congress person to present a new bill to Congress on separation of fees on truth in lending disclosures. If Congress said okay, it would happen and market structure would change.

There is nothing that would hurt public trust with separation of fees on truth in lending disclosures.

 

[TC]

The reason one becomes Self Employed is to remain independent and once he-she starts boycotting or signing petitions thier no longer Independent and it's time to get employed with a real company that offers a steady paycheck and some benefits.

Petitions and unorganized boycotts don't work it's been tried and those appraisers went broke. The Ship Sailed and it's not coming back.

Uh-oh, that's twice in one week I've agreed with you.

 

[Zoe]

Uh-oh, that's twice in one week I've agreed with you.

If you look at IRS rules on employee vs independent contractor, you are walking on thin ice.

I'll let you give me your perspective.

 

[Zoe]

I understand employee IRS rules on employee vs independent contractor.


I want market structure changed with separation of fees between AMCs and appraiser on truth in lending disclosures. I consider the bailout and feel your mention on boycott.

Glenn is rich and don't care. Don't listen to him. Watch this.................

 

[Zoe]

@glenn walker

How many appraisals have you completed in last year?

Glenn probably don't do appraisals anymore. Consider the source

 

[CGinMN]

I think it is much harder for appraisers who weren’t in business pre-HVCC because all they know is AMC clients and they can’t get on direct lenders lists because those panels have been closed.

That said, I am here to tell you that UAD 3.6 is a massive opportunity for appraisers who understand business, relationships, and who have the right attitude toward their clients. Lenders want to work with problem solvers, not whiners.

Which one would you want to work with?

Hello, I am not on your panel, but I wanted to reach out and introduce myself… I am ready to help solve your problems with UAD 3.6. I have tested my software and I have actively piloted orders. If there is a time where you have an opening, or where I can help you with a problem order, please reach out.

Vs.

Are you going to be increasing fees? I’m waiting to see how this all shakes out and I don’t plan to look at the software til it’s closer to the deadline. I have not tried the software but I am hearing in all the forums it is really bad and I don’t want to waste my time. Did I ask about fees yet?

 

[George Hatch]

I tend to judge folks by the content of their contributions, not the name attached to the avatar. Why does a 'real' name matter to you? Are ya gonna hunt folks down and stalk them? The first part of your response is very cogent. Loses traction after. Doesn't matter to me whether GH calls himself GH or Santa Claus. I care about the content of his contributions.

I do what I do in part because I am not vulnerable to the Revenge of the Sith. That's also one reason why I didn't renew my Instructor's cert, so that I never have to fret my status in the event of a conflict with the actions of TAF.

I recognize that other appraisers have a lot more to lose when it comes to posting commentary so I don't hassle them for using a handle. I just don't like being accused by who-knows-what as having somehow forgotten how to appraise a house or not operating as a "boots on the ground appraiser" when appraising is my sole source of income.

 

[chad hampton]

I used my real name, then I was banned about 20 years ago. It was for a political post, apparently I’m too pro American must’ve pissed one of the board communists off Had to make a new account to beat the system

I don’t really get to hang up that some have with using a real name or not, I’m more concerned with if you are a actual working appraiser and if you bring valid discussion points to the table.

I think 20 some years ago when I joined this site, you did have to use your real name. No idea of anyone checked.