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The "Agreement" .

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USPAP Compliant

Thread Starter
Elite Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
I hope this proposed Fannie Mae agreement turns out to be a wonderful thing.....for the public. I hope dishonest, unethical and incompetent lenders, brokers and appraisers are held accountable and disciplined as needed and as is appropriate and fair.

There would be no need for this 18 years in the making "discovery" that the lending and appraisal professions are rotten to the core with fraud, and blackmail as well as tens of thousands of poorly educated, poorly trained and poorly principled "professionals".

THis "discovery" was made back in 1989 with the passing of FIRREA.

What never happened after 1989 was any acceptable level of enforcement or discipline by state appraisal boards. State boards are sinking in a quicksand of old complaints and old habits of doing as little as possible.

From 1989 to 2008 the state appraisal boards have been the only enforcement agencies for appraisal regulations and standards. The only bodies with the power to issue, suspend or revoke an appraisal license or certification.

If you want to work on fixing the problem you must first identify the problem. The BIGGEST problem for honest, ethical and competent appraisers is the failure of state appraisal boards to adequately investigate and properly discipline those appraisers unwilling to obey the laws and rules.

Blame the lenders, blame the brokers, the sales agents, blame the AMC's, the Zaios........blame them all.

Until the state appraisal boards fess up to their miserable past, vow to repent and do the job they are created to do....we will continue to decline as a profession.

Can I get a witness?
 

George W Dodd

Senior Member
Joined
Jul 9, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
If you want to work on fixing the problem you must first identify the problem. The BIGGEST problem for honest, ethical and competent appraisers is the failure of state appraisal boards to adequately investigate and properly discipline those appraisers unwilling to obey the laws and rules.


Until the state appraisal boards fess up to their miserable past, vow to repent and do the job they are created to do....we will continue to decline as a profession.

Can I get a witness?

Even better, get a few appraisers together and go down to the Board and let your feelings known. Don't complain file strong complaints against appraisers that aren't doing what they are suppose to. Go to the meetings, speak out, be heard, do something.
 

George Hatch

Elite Member
Gold Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
California
I can give an Amen for that.

Rules without enforcement will always result in an environment full of abuses.
 
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