The truth is revealed. Worth listening to.

[NC Appraising]

13-17 minute mark. I have been saying this for years now.

Do you agree with him? Will be be PDC in 5-10 years and not the ones valuing properies?

 

[Joe Flacco]

Anybody talking about doing 30 appraisals per week is not worth listening to. These guys are hacks.

 

[George Hatch]

I routinely get calls from people about properties I've appraised in the past. I can remember most of them, even when appraised years in the past. The reason I can remember them is because of the amount of bandwidth specific to that situation that I spent on the entire process.

I wouldn't be able to do that if I was working at industrialized volumes at my desktop.

 

[Joe Flacco]

Everybody is so focused on how to do more volume and how to do it faster.

I don't feel too bad about the future with most appraisers (especially the new) going down that path.

 

[NC Appraising]

Anybody talking about doing 30 appraisals per week is not worth listening to. These guys are hacks.

So you took one thing he said and dismissed the rest? It's a podcast, he probably ment 30 a month..

Others have also used the 10 year mark...where do you think these AMCs get it from?

They attend the same conferences, and are more in tune to what the GSEs plans are. If nothing is changing then why are all of the AMCs developing new products?

Not saying that I agree with him on everything..but totally dismissing him on everything reminds me of appraisers on this forum saying that avms and other products will never replace appraisers. "I've been in the biz for 40 years and they were saying that then".

Ok. Keep your blinders on.

Lastly, he is not the only one that said the GSEs are worried about losing appraisers when the new UAD comes out.

See the correlation here? lowering the barrier to entry, gses worried about losing appraisers and the national firms hiring even tho the market is slow, and with new products like waivers and hybrids?

Coincidence?

 

[Joe Flacco]

So you took one thing he said and dismissed the rest? It's a podcast, he probably ment 30 a month..

One of the gse reps has also used the 10 year mark...where do you think these AMCs get it from?

They attend the same conferences, and are more in tune to what the GSEs plans are.

Not saying that I agree with him on everything..but totally dismissing him on everything reminds me of appraisers on this forum saying that avms and other products will never replace appraisers. "I've been in the biz for 40 years and they were saying that then".

Ok. Keep your blinders on.

Lastly, he is not the only one that said the GSEs are worried about losing appraisers when the new UAD comes out.

See the correlation here? lowering the barrier to entry, gses worried about losing appraisers and the national firms hiring even tho the market is slow, with new procts like waivers and hybrids?

Coincidence?

You have to understand that the GSE's don't make up the whole pie.

I don't know what is going to happen, but the things I know have a lot of value. The last thing I am worried about is competing with noobs.

 

[Alsie35]

So you took one thing he said and dismissed the rest? It's a podcast, he probably ment 30 a month..

Others have also used the 10 year mark...where do you think these AMCs get it from?

They attend the same conferences, and are more in tune to what the GSEs plans are. If nothing is changing then why are all of the AMCs developing new products?

Not saying that I agree with him on everything..but totally dismissing him on everything reminds me of appraisers on this forum saying that avms and other products will never replace appraisers. "I've been in the biz for 40 years and they were saying that then".

Ok. Keep your blinders on.

Lastly, he is not the only one that said the GSEs are worried about losing appraisers when the new UAD comes out.

See the correlation here? lowering the barrier to entry, gses worried about losing appraisers and the national firms hiring even tho the market is slow, and with new products like waivers and hybrids?

Coincidence?

Nope. No coincidence. You're DEAD ON I'm afraid.

Appraisers who don't have other career options, or are not going to be retirement age when this thing happens have my sympathies.

It absolutely sucks, but as someone once said it is what it is.

 

[RCA]

These guys are selling the usual stuff. Low-quality appraisals that often have very inaccurate MVs. TAF, the Appraisal Institute, et. al., have done a very good job educating appraisers on how not to leave any evidence of bias in their reports (not that they were ever necessarily biased, but they did leave indications that could be used in court to support charges of bias).

So, now back to the same ol', same ol'.

The poor folk who want to file discrimination charges are now really at the mercy of the bastards. Huh-hmmm! We can't be sure if they are any better off.

And actually, I am not at all sure the appraisers are any better off.

They will track all appraisals for appraisers, if they are not already doing it, looking for patterns, and I'd predict they will wind up using stats to prove charges of bias. And well, some areas naturally have lower values than others - and we just go around in circles.

They are just buying some time.

Well, I can also use more time for so many things. Just go with the flow.

 

[NC Appraising]

You have to understand that the GSE's don't make up the whole pie.

I don't know what is going to happen, but the things I know have a lot of value. The last thing I am worried about is competing with noobs.

I don't know for 100% either.

by law, the gses are not even required to use appraisals. The gses total market is around 50%.


The reason I post this type of stuff is for knowledge, for discussion and for people in the actual loop (several employees of the gses) and others to come on here to 1. Prove me wrong. 2. Call BS. 3. Change my mind.

For example, in the podcast, I had to re listen where he said that in the future, appraisers would be doing the pcr section and not the valuing section.

I thought that was the exact opposite of what we have been hearing...that we would be the market analyst doing desk tops using pcrs.

But, I thought is he on to something? Remember the GSEs flowchart? Waivers... desktops...hybrids....then traditional for complex properties.

Then you have the top guy at fannie saying that he thinks hybrids will be a very small niche....

So which is it? My question for appraisers doing the PCRs...why? Doesn't make much sense. Cheaper and more supply to use agents...they are a dime a dozen.

Near the end.

 

[Alsie35]

The dude being interviewed may be an appraiser, but he has chosen to become a 'Kapo at the Camp' in the hope his business survives longer ...