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Recognition Alternative Appraisal Products Are "risky"

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Joined
Jun 2, 2007
Professional Status
Certified General Appraiser
State
Florida
I know I am on the tail-end of this issue since there are few alternative commercial appraisal products but the perspective here is good for the appraisal industry because it ties revenue directly to responsible due diligence. I'd like to know the "penalty" in basis points, wouldn't you.

Be sure to read the comments beneath the article - are any AF posters in the discussion?

https://www.housingwire.com/articles/42573-moodys-appraisal-alternatives-poses-new-credit-risks
 

Adios

Senior Member
Joined
Jan 20, 2002
Professional Status
General Public
State
Maryland
I know I am on the tail-end of this issue since there are few alternative commercial appraisal products but the perspective here is good for the appraisal industry because it ties revenue directly to responsible due diligence. I'd like to know the "penalty" in basis points, wouldn't you.

Be sure to read the comments beneath the article - are any AF posters in the discussion?

https://www.housingwire.com/articles/42573-moodys-appraisal-alternatives-poses-new-credit-risks

Yes I was a little disappointed that this was just a blip on the radar. We invited the Moody’s person to our next CRN meeting. No confirmation yet.
 
Joined
Jun 2, 2007
Professional Status
Certified General Appraiser
State
Florida
Yes I was a little disappointed that this was just a blip on the radar. We invited the Moody’s person to our next CRN meeting. No confirmation yet.
lol you can't believe what they say, watch what they DO. What measures are in place to be certain of due diligence quality and how is it protected from the commissioned side of the company? Anyone compensated on production is going to see quality control as the enemy.
 

AMF13

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
lol you can't believe what they say, watch what they DO.

Some say honesty is on life support, others say it is circling the drain.
Apparently the new best policy is to lie your azz off, make it huuuuge! :fencing:
 
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