No one wants to work

[Tucker5]

I just had it out with Valuation Connect. They do not pay. They demand a 2-5 day turn time in rural areas, and now they have created their own form, one day turn time for a whopping $100.00!! These people do not understand that just because the form is shorter than a URAR, we don't have to do the same amount of research, due diligence, and the risk is the same. And they SHRIEK at you while you're working for free! I told them to pack sand. I'm terrified of where we are headed. I told an AMC that I had been appraising for 30 years. His response: "Yeah, we prefer less experienced because they just do what we tell them to"!!!

Only industry that devalues experience. Not where I thought I'd be after 30 years in any industry. It was a great job when I started.

 

[Mike Ault]

Only industry that devalues experience. Not where I thought I'd be after 30 years in any industry. It was a great job when I started.

Same thing happens to good, experienced underwriters as well. They are bad for "commerce". They like a single mother with a checklist & children to feed who desperately needs the job which makes her susceptible to pressure from the loan production department.

 

[Elliott]

I've been waiting three months for garage doors. I got a letter from the Garage Door company basically asking if I or anyone I knew would come to work for the company, they had a range of jobs, office, warehouse, installing, no experience necessary (they would train), health care, vacation, a I assume they were offering more than McDonalds at $18.50/hour. I've never gotten a letter like that from a vendor.

A number of new construction homes are complete in the area, except for the garage doors.

I noticed last month, productivity was down 6%, most probably is attributal to labor shortage and supply chain issues. Its also consistent with a feature of 'stagflation.'

 

[sputnam]

I just worked with an AMC that collects bids and the lenders do, in fact choose the appraiser. We're going backwards

Yep... I know of at least one AMC that does it that way. Then the AMC tacks their fee onto what the appraiser has bid.

 

[nachocheesefries]

I just worked with an AMC that collects bids and the lenders do, in fact choose the appraiser. We're going backwards

They may not always pick who the Appraiser IS, but they certainly pick who the Appraiser IS NOT. Newbies that produce a terrible work product are moved to the top of the list because they do what they are told. We are just an obstacle to secondary market lenders.

 

[nachocheesefries]

Only industry that devalues experience. Not where I thought I'd be after 30 years in any industry. It was a great job when I started.

I have two newly certified Appraisers in my general orbit (licensed less than six months)--one of them barely got their license after being called before the board for such crappy work samples(how the Sup hasn't gotten in trouble is beyond me)...they are both getting orders from large secondary market lenders on Mercury, Clients I have worked for for 10+ years, but have ghosted me in the last six months. I don't even see their bids anymore.

I think Lenders get these goobery little job hopping 'pre processors' that handle appraisal ordering on the Mercury Network. They are disloyal and have no concern for workflow consistency among their panel(they are just punching a clock)....meanwhile, we all sit here and lament about the why's/how's of certain clients disappearing on us. Occam's razor They just disappear because there is a faster/cheaper alternative.

There is no shortage of Appraisers.

 

[Overimprovement]

I have two newly certified Appraisers in my general orbit (licensed less than six months)--one of them barely got their license after being called before the board for such crappy work samples(how the Sup hasn't gotten in trouble is beyond me)...they are both getting orders from large secondary market lenders on Mercury, Clients I have worked for for 10+ years, but have ghosted me in the last six months. I don't even see their bids anymore.

I think Lenders get these goobery little job hopping 'pre processors' that handle appraisal ordering on the Mercury Network. They are disloyal and have no concern for workflow consistency among their panel(they are just punching a clock)....meanwhile, we all sit here and lament about the why's/how's of certain clients disappearing on us. Occam's razor They just disappear because there is a faster/cheaper alternative.

There is no shortage of Appraisers.

I have been contending for a while now that the dearth of orders some are experiencing at present is as much (or more) due to alternate products and lower entry barriers than it is interest rates. Which actually is even more discouraging in a way, because rates will continue to rise. And barriers to entry will continue to be eroded.

 

[Sadie]

They may not always pick who the Appraiser IS, but they certainly pick who the Appraiser IS NOT. Newbies that produce a terrible work product are moved to the top of the list because they do what they are told. We are just an obstacle to secondary market lenders.

They also will work for cheap. There some are companies that hire supervisory appraisers and have them train their 3 supervisors just sign the work products. They are required to hit production targets. Those companies have auto accept programs that grab the bids cheap.

 

[chad hampton]

It's also good to not forget the people that have been fighting against the interests of appraisers over the last 10 years.

 

[Elliott]

I've been waiting three months for garage doors. I got a letter from the Garage Door company basically asking if I or anyone I knew would come to work for the company, they had a range of jobs, office, warehouse, installing, no experience necessary (they would train), health care, vacation, a I assume they were offering more than McDonalds at $18.50/hour. I've never gotten a letter like that from a vendor.

A number of new construction homes are complete in the area, except for the garage doors.

I noticed last month, productivity was down 6%, most probably is attributal to labor shortage and supply chain issues. Its also consistent with a feature of 'stagflation.'

Update: Got a call today and they said the door didn't come in as expected, (I imagine someone F-up) so get to wait some new un-determinable future time. I noted that a garage door from Home Depot typically is available in January. God, they are garage doors. If this is the stuff we farmed out to China, heaven help us.