Slowdown?

[J Grant]

Looks like the Masters Degree has become the new High School Diploma . I Never encountered so many form filling UAD type people with Masters Degrees --Will we see PHD'S entering residential loan production work in year 2023 ? Inquiring minds want to know. Maybe its time for the AMC recruiters to start to hit the Harvard and Yale campuses

I went into appraising for free time to spend with my horses and riding ! What a reason, but it worked - I no longer ride, have one horse in retirement on a farm. I enjoyed the flexible time, now it is just a grind. Everyone has different reasons - a masters or college degree does provide one with some reasoning skills and perhaps that is why I was able to escape AMC work to a large degree - but the field is changing now and the path for a next generation is unclear but perhaps they see something I don't.

 

[CaliforniaSD]

Looks like the Masters Degree has become the new High School Diploma . I Never encountered so many form filling UAD type people with Masters Degrees --Will we see PHD'S entering residential loan production work in year 2023 ? Inquiring minds want to know. Maybe its time for the AMC recruiters to start to hit the Harvard and Yale campuses

You are hilarious! I can't stop laughing at this.

 

[George Hatch]

IMO writing really good appraisal reports will attract a lot of attention. Reviewing a well written report is a pleasure. It's like taking a vacation.

 

[Ariba]

Hello,
I am a newbie to this forum, thank you for having me. I'm a Certified appraiser in his 30's based in San Diego that has decided to commit 100% of my time to appraising as an independent contractor.

Why? This might not be the right time.

 

[Terrel L. Shields]

Looks like the Masters Degree has become the new High School Diploma .

Pretty much and it was a fallacy then and still one now. The MS was supposed to be the "working degree" for a geologist and it was difficult to get hired by a bigger company with only a BS. But looking back as friends and fellow students of geoloy, I found several of my BS buddies ended up a lot better off financially than some of the MS grads. And the PhDs I know had great jobs but they paid poorly for the most part. One MS I know - very high score on the GREs, top in class in fact - became a small town school teacher and being a spelunker ended up consulting for the Forest Service on, of all things, bats. A BS I know ended up doing the geology for 36 exploratory wells and made 35 wells. His whole field was shown on television in a PBS special on power. He still earns royalties from these wells - which were conventional gas wells not shale wells. Another BS grad I know ended up as a computer geologist, then laid off and then hired back to archive the stuff that was digitized. Then he went off to Europe exploring for metals and back to the US and stirred up a controversy drilling test holes for diamonds. Eventually retired from a firm that created GIS software for oil companies. Retired to a nice little cabin in the woods of the Ozarks.

As the bible said, "Time and chance taketh us all." I lost several friends in that time to cancer, car wrecks, and even a helicopter crash on their "last job."

 

[CaliforniaSD]

Why? This might not be the right time.

Yeah, you're probably right. I'll figure it out. Thanks for reading and responding.

 

[Joe Flacco]

Edited

 

[Salty]

ahaha you know what's funny I just thought of? you know how there are all these people that want to sell you a program for being a better appraiser, sell you an adjustment software, sell you a measuring thing, sell you an appointment management tool etc....?? I should start a service that helps bitter appraisers like myself make a career change. I just have to think if it will be a one-time nut or a monthly subscription. Hmmmm. Light Bulb!!!!

 

[JeffSH]

IMO writing really good appraisal reports will attract a lot of attention. Reviewing a well written report is a pleasure. It's like taking a vacation.

As someone who reviewed appraisals in-house for a bank, this is very true. Appraisers get a reputation. Based on the name, you know exactly what kind of report you will get before you even open the PDF. One appraiser on our list had the nickname "Lowball" Brock.

 

[Overimprovement]

As someone who reviewed appraisals in-house for a bank, this is very true. Appraisers get a reputation. Based on the name, you know exactly what kind of report you will get before you even open the PDF. One appraiser on our list had the nickname "Lowball" Brock.

I think this is quite true with direct lenders. Larger AMCs, not so sure about. That's yet another reason to see out direct lenders whenever possible. My last market I covered a few years back was fairly small, and there were 20 lenders driving about 85% of the business, and 16 were using AMCs, even the smaller local lenders. So going all direct is of course not always possible, but great to have at least every one in your market.