Revision Request

[djd09]

I like that ROV of an ROV idea. I like that.

We could really get closer to home.

You would really smell some stuff then.

Require them to make their own adjustments and such. hahaha

 

[Eli]

 

[djd09]

 

[djd09]

Here’s the staggering amount banks have been fined since the financial crisis

Banks have been fined a staggering $243 billion since the financial crisis, according to a tally released Tuesday.

Most of these fines have been assessed for misleading investors about the underlying quality of the mortgages they packaged into bonds during the housing bubble.

According to Keefe, Bruyette and Woods, which compiled the list, Bank of AmericaBAC, -0.51% leads the ignominious tally with $76 billion in fines. JPMorgan ChaseJPM, +0.27% has been fined nearly $44 billion, and a number of other big money-center banks have been fined over $10 billion. Thirteen banks make up 93% of the total.

https://www.marketwatch.com/story/b...billion-since-the-financial-crisis-2018-02-20

Wow just wow. But who gave them the tool to influence the appraiser?

 

[George Hatch]

So, then why burden appraisers with the BS?

Even if the ROV is some kinda customer service fraud, to make borrowers believe they can influence the value opinion, it is still not allowed, per USPAP and the AMC Final Rule.

.

Yes it is. You will never sell your convoluted interpretation of a generic ROV being an improper assignment condition in violation of the Management section of the ETHICS RULE to any court or any state board, let alone the ASB. Never happen.

 

[Eli]

Oh dog. That song has antitrust written all over it.

 

[Pittsburgh Pete]

Yes it is. You will never sell your convoluted interpretation of a generic ROV being an improper assignment condition in violation of the Management section of the ETHICS RULE to any court or any state board, let alone the ASB. Never happen.

I wouldn't be so sure--in the face of Marion's relentless peddling of BS, they might eventually cave just to be rid of her!

 

[George Hatch]

What nobody on that side wants to explain is what the difference is between being handed the 8 sales at the outset of the assignment vs after the original appraisal report has been submitted. At what point does a request to analyze these data become an improper assignment condition?

If there was a contract price for the subject that wasn't disclosed to the appraiser prior to them completing their report would a subsequent stip that provided it and including a request to analyze it become a bonafide improper assignment condition? I don't think so.

 

[residentialguy]

What I don't understand is why appraisers would be concerned about it being undue pressure

You spelled "induce" wrong...or maybe you meant "influence"

 

[George Hatch]

What do you guys do when a borrower comments to you during the inspection "we're looking for the highest value we can get"? Send your bodycam footage to the FBI along with a complaint that they tried to influence you into dorking your appraisal?