Larry Cole
Sophomore Member
- Joined
- Feb 7, 2002
Pam, I voted.
I had an interesting conversation late week with an old banker client.
He was purchasing a property and requested that I appraise it. Funny, when the lenders are buying for their account, they call me.
We were at the property and discussing the market in general. I mentioned that I had not recieved any business from them since one of the bankers manager's friends had been certified.
The banker acknowledged that fact and said that it was going to change. During the bank's last examination, the Revenuors had told the bank to start using a rolational system in ordering appraisers. No more one bank, one appraiser. The bank was told that the Revenuors were beginning to see signs of the late 1980s and early 1990s. They want to try to get ahead of the problem this time.
Have no idea about what is happening anywhere else or if it will happen. My friend's bank seems to be to only one that plans to change their ways.
Larry Cole
Killeen, Texas
I had an interesting conversation late week with an old banker client.
He was purchasing a property and requested that I appraise it. Funny, when the lenders are buying for their account, they call me.
We were at the property and discussing the market in general. I mentioned that I had not recieved any business from them since one of the bankers manager's friends had been certified.
The banker acknowledged that fact and said that it was going to change. During the bank's last examination, the Revenuors had told the bank to start using a rolational system in ordering appraisers. No more one bank, one appraiser. The bank was told that the Revenuors were beginning to see signs of the late 1980s and early 1990s. They want to try to get ahead of the problem this time.
Have no idea about what is happening anywhere else or if it will happen. My friend's bank seems to be to only one that plans to change their ways.
Larry Cole
Killeen, Texas