PAREA program

[DWiley]

What was more significant was that a fee shop could not effectively optimize staff. Orders are sent to a specific appraiser, not to the office. This makes clustering orders difficult if not impossible. Nor can individual skills be optimized if, say, one staffer is a wiz at 2-4 but the AMC-assigned staffer is not.

The move to assigning to a specific appraiser was driven by lenders, and it happened several years before the proliferation of AMCs post HVCC. The AMCs did it because the lenders made them. I know that from first hand experience, because it impacted my own small firm, and we did almost no AMC work.

 

[John Hassler]

The move to assigning to a specific appraiser was driven by lenders, and it happened several years before the proliferation of AMCs post HVCC. The AMCs did it because the lenders made them. I know that from first hand experience, because it impacted my own small firm, and we did almost no AMC work.

We had a different experience. No significant issues from clients regarding what staffer completed the assignment. At most, a co-signer by someone on the lender’s list when there was a list. AMCs on the other hand, never assigned to the office. Occasionally we could get them to assign to another staffer if we pressured them. Fortunately, only about 10% of our business was derived from AMCs. With the rise of AMCs after HVCC it was clear the fee shop model was of limited viability.

 

[John Hassler]

Fixed it.

Maybe you were trained at a mill shop. That’s not how my shop operated. Every assignment was reviewed by another staffer, even my work.

 

[alebrewer]

Maybe you were trained at a mill shop. That’s not how my shop operated. Every assignment was reviewed by another staffer, even my work.

I was not. Almost as bad as, though - I was trained by my father. I have personally had to re-train at least 20 folks who 'graduated' from appraisal mills.

 

[John Hassler]

I was not. Almost as bad as, though - I was trained by my father. I have personally had to re-train at least 20 folks who 'graduated' from appraisal mills.

I was trained by my father as well but had the opposite experience. He was designated from both American Institute and the Society (res and com). An outstanding educational start for me.

I don’t recall any mills back then in the 1980s. The mills seem to have come along in the early 2000s about when AMC started to really come into play.

 

[Surf Cat]

The move to assigning to a specific appraiser was driven by lenders, and it happened several years before the proliferation of AMCs post HVCC

When I myself or the fee shop I used to work at signed up a new mortgage broker firm, we always had to submit our appraisal samples if we weren't already approved with their lenders.... some even required a appraisal resume as well.

Not all of the appraisers on staff, including myself, were approved either for a certain lender. So, when a mortgage broker came to us with that certain lender, only the certain appraisers that were approved, did those assignments.

 

[alebrewer]

I was trained by my father as well but had the opposite experience. He was designated from both American Institute and the Society (res and com). An outstanding educational start for me.

I don’t recall any mills back then in the 1980s. The mills seem to have come along in the early 2000s about when AMC started to really come into play.

There wasn't even licensing back in the '80's, so I'd agree - there probably weren't any back then. They proliferated in the 1990's after licensing (FIRREA). Texas ended up having to restrict the number of trainees one Cert could have because of the abuse that was going on. It was pretty bad down here in TX. I have to believe it was the same elsewhere, but folks tend to forget how bad something was with time.

 

[DWiley]

There wasn't even licensing back in the '80's, so I'd agree - there probably weren't any back then. They proliferated in the 1990's after licensing (FIRREA). Texas ended up having to restrict the number of trainees one Cert could have because of the abuse that was going on. It was pretty bad down here in TX. I have to believe it was the same elsewhere, but folks tend to forget how bad something was with time.

We certainly had a couple of "mills" in our area back in the 80s. They would literally hire people off the street on Monday and have them looking at properties (alone) that same week.

 

[John Hassler]

There wasn't even licensing back in the '80's, so I'd agree - there probably weren't any back then. They proliferated in the 1990's after licensing (FIRREA). Texas ended up having to restrict the number of trainees one Cert could have because of the abuse that was going on. It was pretty bad down here in TX. I have to believe it was the same elsewhere, but folks tend to forget how bad something was with time.

There were few/no mills in the 1980s as lenders were the primary trainers of appraisers. They did a pretty good job, too.

 

[CGinMN]

I was not. Almost as bad as, though - I was trained by my father. I have personally had to re-train at least 20 folks who 'graduated' from appraisal mills.

I was trained by my father as well but had the opposite experience. He was designated from both American Institute and the Society (res and com). An outstanding educational start for me.

I don’t recall any mills back then in the 1980s. The mills seem to have come along in the early 2000s about when AMC started to really come into play.

Why did the demonize the family training model? Some of the best appraisers I know are second and third generation. Some of the worst were trained by mills in the AMC era. Access to business training isn't a right.