Treasury Department Recommendations

[ucbruin]

I said you had good points....

 

[Tim The Enchanter]

This thread is next to the Football Fantasy League thread atm.
Coinkydink? Or Twilight Zone?

Off topic? Well, duh!

 

[Non Sequitur]

Fine, since as you say there is no way to measure the time let the propaganda Articles pushing PIWs and hybrids because one of the benefits to the consumer is that they Expedite the closing process. Cease and desist.

Because obviously those making such allegations are also basing their claims on false data and misrepresentation.

PS: Crafty Misrepresentation that implies Appraiser inspection delays and shortages impede profits and that the general public will be beneficiaries of fast track closings

So fight false data and propaganda with false data and propaganda?

First thing first: Anyone who wants to develop a credible survey that won't get laughed out of a regulator's office needs to know the difference between appraiser turn time and appraisal turn time.

 

[Evincere]

dup deleted

 

[Terrel L. Shields]

Average age of 55 is one of the biggest problems the profession has.

That is actually our biggest asset. No one under 40 has the requisite life experience unless they grew up in the valuation business. Common sense is not an innate quality of humans. And good judgment is often taught by making bad judgments. It takes time to make a lot of mistakes but over time, one develops the sense to not merely learn from their own mistakes but to learn from the mistakes of others so as to avoid the pain. It is a steep learning curve, and the appraiser needs to be well up on that curve before making judgments about other people's largest asset.

Anyone who wants to develop a credible survey that won't get laughed out of a regulator's office needs to know the difference between appraiser turn time and appraisal turn time.

Yes, I can turn the typical appraiser around in 3 days, but if busy it may be 11 - 20 days before I even start.

 

[Evincere]

So fight false data and propaganda with false data and propaganda?

.

When did spreading fake news and false propaganda ever stop or stand in the way of the propagandists from using false data? such as Hypbirds, PIWs due to appraiser shortages, establishment of so called typical area fees using AMC surveys, , etc

 

[Non Sequitur]

When did spreading fake news and false propaganda ever stop or stand in the way of the propagandists from using false data? such as Hypbirds, PIWs due to appraiser shortages, establishment of so called typical area fees using AMC surveys, , etc

I'm not defending any of that, just trying to inject some reality into the conversation.

The authors of the Treasury Department's release aren't stupid, they didn't just wake up one day thinking it was a good idea to type up a random report then hit send. Present facts in a professional way and they may listen, but they may not because that's life in the big city. Either way they are moving forward, whether or not we're drug along kicking and hollering or just left behind remains to be seen.

 

[Eli]

I'm not defending any of that, just trying to inject some reality into the conversation.

The authors of the Treasury Department's release aren't stupid, they didn't just wake up one day thinking it was a good idea to type up a random report then hit send. Present facts in a professional way and they may listen, but they may not because that's life in the big city. Either way they are moving forward, whether or not we're drug along kicking and hollering or just left behind remains to be seen.

Lol. You have some brothers and sisters in Louisiana that you don’t jive with do you? Lol

 

[Terrel L. Shields]

The authors of the Treasury Department's release aren't stupid

I am confident that they know the risks and are willing to take those risks hoping they are long gone by then...it's just politics as usual.

 

[Joe Flacco]

That is actually our biggest asset. No one under 40 has the requisite life experience unless they grew up in the valuation business. Common sense is not an innate quality of humans. And good judgment is often taught by making bad judgments. It takes time to make a lot of mistakes but over time, one develops the sense to not merely learn from their own mistakes but to learn from the mistakes of others so as to avoid the pain. It is a steep learning curve, and the appraiser needs to be well up on that curve before making judgments about other people's largest asset.

The data should speak for itself. What we do is interpret data for the users and we have a lot more data and better data. Maybe in the past when data was not as good and we did not have as much data, it required more judgment.

I am not saying life experience is not valuable and I don't mean to make anybody feel bad. The age of appraisers is a real issue with moving the profession forward.