Tell us how you really feel about appraisers ...

[George Hatch]

Well so now we're getting somewhere. AMC predation is a completely separate issue from any aspect of what we could call the public trust in the appraisal profession. They don't otherwise even belong in the same sentence or talking point.

As for waivers being a problem, we have no indications yet of that being real or not. Maybe so, maybe not. No matter what, less is always less. But even if that is a real problem, it's not a problem that accrues to anything the appraisers did or any decisions in which the appraisers would have a say. It's literally not our problem.

 

[alebrewer]

"public trust in the appraisal profession" rests solely with the appraisers. not with anyone else

If real life is any indication, you may not be 100% correct. Based on recent goings on, it would appear that - even when appraisers are performing credibly (at least WRT bias) public trust can be built - or destroyed - by entities OTHER than appraisers.

 

[George Hatch]

Appraisers only have control over what we do. Not over what our opposition does. We are our only defenders. Nobody is coming to rescue us.

 

[shrubberyvaluation]

Appraisals don't cost 800 and take 3 weeks to complete. Anyone or any article that claim that is full of ****. I'm in a typical SE fairly large city and C&R fees in this market are around 400 and take 3-5 business days.

I assume anyone claiming these ridiculous numbers of 800 and 3 weeks are snake oil pushers who are trying to sell the next latest and greatest junk technology system that will make them the $800.

I don't want to hear anyone ***** about appraisal fees. We didn't create the AMC system that adds on double what the real fee is. Go complain to your lender that you can call an appraiser for $400, so why are they telling you 750?

If an appraisal is taking me 3 weeks it is probably a higher fee than $800 or there is a delay outside of my control.

 

[George Hatch]

Their clock prolly starts 2 weeks before the appraiser gets engaged

 

[J Grant]

Well so now we're getting somewhere. AMC predation is a completely separate issue from any aspect of what we could call the public trust in the appraisal profession. They don't otherwise even belong in the same sentence or talking point.

As for waivers being a problem, we have no indications yet of that being real or not. Maybe so, maybe not. No matter what, less is always less. But even if that is a real problem, it's not a problem that accrues to anything the appraisers did or any decisions in which the appraisers would have a say. It's literally not our problem.

It's interesting that you always end up on the side defending the non-appraiser interests.

We have no idea if WAIVERS are a problem wrt affecting prices since there is no disclosure of their use of public records or MLS, which means that nobody outside of Fannie or freddie can track their influence on a market.

WRT public trust - how can this lack of transparency serve the public trust? Are appraisers the only ones who need to demonstrate it?

 

[George Hatch]

In what way do you think I'm defending non-appraiser interests? Am I supposed to ignore the reasoning they use or their right to make their own choices, as if appraiser interests should matter to them? Would me ignoring the obvious somehow detract from their existence? Would me withholding these comments and observations get you out of your feelz?

That's a serious question.

Just because you can put a monkey in a silver suit doesn't make them an astronaut. Just because we are capable of gaslighting the reason these other parties are making their decisions doesn't mean those reasons don't exist. Nor does gaslighting their reasoning support or justify our ongoing victim narrative that they hate us and are actively trying to out us down. As opposed to "merely" being apathetic and not caring one way or another what happens to us.

WRT waivers, what do you think it means when we can't readily identify different pricing tranches among the data? Moreover when you make a comment about nobody other than the GSEs knows how the waivers stack up to the 1004s, is there a reason appraisers should expect the GSEs to share that info with us?

What business is it of ours how the GSEs or any of these lenders make these decisions about which of their alternatives they want to use? We're only responsible for what we do, not what they do. We can only control what we do and what decisions we make. Nobody asked us for our opinions of the GSE policies or indeed of any of the policies of the other mortgage lending entities.

Appraisers have no say in the decision making processes at any of these lenders or at the GSEs.

 

[J Grant]

If the public is supposed to trust that WAIVERS are not impacting prices outisde of what normal finaicndd eos, then the GS

In what way do you think I'm defending non-appraiser interests? Am I supposed to ignore the reasoning they use or their right to make their own choices, as if appraiser interests should matter to them? Would me ignoring the obvious somehow detract from their existence?

That's a serious question.

Just because you can put a monkey in a silver suit doesn't make them an astronaut. Just because we are capable of gaslighting the reason these other parties are making their decisions doesn't mean those reasons don't exist. Nor does gaslighting their reasoning support or justify our ongoing victim narrative that they hate us and are actively trying to out us down. As opposed to "merely" being apathetic and not caring one way or another what happens to us.

WRT waivers, what do you think it means when we can't readily identify different pricing tranches among the data? Moreover when you make a comment about nobody other than the GSEs knows how the waivers stack up to the 1004s, is there a reason appraisers should expect the GSEs to share that info with us?

What business is it of ours how the GSEs or any of these lenders make these decisions about which of their alternatives they want to use? We're only responsible for what we do, not what they do. We can only control what we do and what decisions we make. Nobody asked us for our opinions of the GSE policies or indeed of any of the policies of the other mortgage lending entities.

If WAIVERS can impact the public, which they can, regarding RE markets, and since taxpayers back them, then the GSEs should make information about their use available to the public ( not just appraisers—note I never said just to appraisers).

 

[George Hatch]

You think they should, huh? They apparently think otherwise. (not a defense. just an observation)

I'm getting the vibe that you and other appraisers think their handling of their own proprietary analysis and analytics amounts to immoral or unethical misconduct of some sort. Don't get me wrong - I'm interested in how these programs are playing out too. I just don't assume there is any reason they should feel compelled to disclose.

 

[djd09]

If public trust was intended to meet client trust it would’ve been called client trust or intended user trust. Public means public.

do not cheat, lie, or steal...the unethical stakeholders hate competition