TSI hiring a herd of appraisers

[J Grant]

Glad to hear they are paying more! The base they offered me was 30k plus their stupid bonus for each job. The turn time was 48 hours which I really didn't like. Also I don't have a lot of confidence in their product...Quicken Loans, aps taken over the internet...maybe I am biased but just seems like they may be the new Countrywide of lending?

 

[Kenneth Chase]

I just got back an e mail from Hal Lakita;


We are not recruiting in the area for Fee appraisers. Thank you.



Lakita Hall

Vendor Analyst

Toll Free 888.848.5355 ext.17133

Direct 248.381.7133

Fax 877.576.6576

LakitaHall@tsiappraisal.com

Im on the west coast, San Diego, and since 09/10 was trying to get some feedback from TSI regarding fee appraisal work in this area. An appraiser friend of mine in MD said they paid full fee for, mostly Quicken loans, work.

As you can see above, they are not interested. Looking for staff appraisers, and they have full page advertisement in Live Valuation Magazine as well as other venues to solicit appraisers (licensed/certified). Good luck out there.

 

[Mile High Trout]

I turned down a job reviewing those types of loans for multiple companies.

The pay was twice the highest bid noted in this thread.

$35k is a manager slot at the fast food restaurant. Want to bet you'll have to buy into your own health care and there will not be profit sharing? Put that cash equivalency down 20% and you'll probably be closer to the real figure.

Staff appraisers from so long ago expected $50k+, and pro reviewers could reach 6 digits.

According to the company in question, the move to staff is geared more towards various clients and client retention than C&R. Those pesky indy's were not performing adequately, so the move to staff was a play to have more consistency with client relations. Of course, if companies would just hire the best to start with, they would not have to back track like that to make it work.

 

[J Grant]

These companies like TSI are so greedy they end up screwing themselves eventually (but not before they take a lot of people down with them)

It is not enough for them to make thousands of dollars on each loan. They have to squeeze the staff appraisers for all they are worth to make a few hundred from each appraisal too. Even if they raise the compensation to attract more appraisers, being the greedy business model they follow, they will cut bonuses or add more production, anything to squeeze one more drop out of people. I never used to understand why other countries hated America but now I understand. IT is this, placing getting the last dollar above everything, above integrity, ethics, fairness, it is just repulsive. Their name Quicken Loans says it all. Quick! Pre qual that buyer over the internet! Quick! Send the appraiser out before buyer changes their mind! Quick! Get the appraisal in tommorow so we can close this borrower before they have too much time to study the loan docs!

 

[Mile High Trout]

As long as I get my C&R, I don't care how much they rake.

That's the consumers job to not pay too much for services.

My task is limited to assure the lender does not lend to much on the main product.