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Unbelievable

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Lee SW IL

Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
In the Broker Universe forum, I watch and occasionally post, but I thought you'd all get a kick out of this comment.


http://www.brokeruniverse.com/grapevine/th...d/?thread=37736

posted by Big Rhino.


In any event, in the D/FW area I highly recommend "A Better Appraisal". Pat and his gang does it right, does it fast, and hits the numbers - or lets you know "in advance" that they will not.


I hope the governing bodies would moniter boards such as this one.
 

Mike Simpson

Senior Member
Joined
Jan 30, 2002
Ya know, this doesn't surprise me a bit...saddens me, but no surprise.

When the proverbial fit hits the shan the regulators ought to be the ones left holding the bag this time! Of course no one could find them to deliver the bag!

-Mike
 

xmrdfghap

Senior Member
Joined
Jan 15, 2002
Professional Status
General Public
State
Florida
Lee, thanks for the link. While "Big Rhino" made the comment above, I like a response found a little further down:

Big Rhino,
I hope you realize that the appraisers that just send you reports that "hit the numbers" may be violating USPAP in a big way. An appraiser´s fee, or acceptance of an assignment, is not to be contingent on a predetermined value. If they only send you the ones that "hit", then obviously you´re going to gets alot that "hit" that should not. This will get your borrowers upside down, doing a disservice to them, a disservice to the loan´s investor (see S&L scandal, circa 1989) and contributing to mortgage fraud. If you order an appraisal, that´s the risk you take. The appraiser´s job is not to only send you reports with what you want to hear - it´s to tell the truth even when it doesn´t make the deal. The only way the appraiser can do this is when they know their compensation is NOT contingent on the deal closing. It´s called being unbiased. If you´re unclear, visit www.appraisalfoundation.org and click on the Ethics section of USPAP 2003. BTW, USPAP is built into many state laws by reference so it´s not just a mild suggestion to the appraiser.

-Michael
by zoniemike July 10, 2003

and the one below that one:

Michael A/K/A zoniemike,
Well said. The appraiser´s certification is too hard to obtain and too easy to lose to even consider some of these silly turn around and hit the number requests. Don´t want them, don´t need them.
by PITT July 10, 2003

Not all LO's seek number hitters. Most of my older clients I have want the facts and the truth. I usually only get "fired" by newer clients.....but that happens so often it doesn't bother me.
 

Mike Simpson

Senior Member
Joined
Jan 30, 2002
Ya know, I'M TEMPTED...I'm r-e-a-l-l-y tempted to contact 'Pat' over at "A Better Appraisal" and ask them how they feel about real estate agents stating on the Internet that they're a 'number hitter!'

How'd that make ole Pat feel? Would Pat be able to take my call considering they're probably up the their eyelashes in 'comp searches.'

Maybe I'll have some fun later...ain't I a stinker?

-Mike
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Hey Greg, wanna bet those 2 posts you quoted were by appraisers instead of an LO?

Mike Simpson, if you find Pat the number hitter, let us all know so we can all call and harass him/her!

Good to have a little fun once in a while!
 

xmrdfghap

Senior Member
Joined
Jan 15, 2002
Professional Status
General Public
State
Florida
Originally posted by Pamela Crowley (Florida)@Jul 10 2003, 11:27 AM
Hey Greg, wanna bet those 2 posts you quoted were by appraisers instead of an LO?
Pam, I know the second one is...he says so in another thread. Don't know about the first one.

In another thread, also, they were discussing travel fees where an appraiser showed up a the door and the home owner refused to let them do the assignment.....apparently the appraiser billed the LO $75.00 and wanted to know if it should be paid....it was about 3/2 in favor of paying.
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Just sent them an email and invited them to come to the forum!
 

Bobby Bucks

Elite Member
Joined
Jan 27, 2002
Professional Status
Real Estate Agent or Broker
State
North Dakota
This could be the quivalent of that town that was posting the names and pictures of Johns who were caught with hookers! Very embarassing for the guilty parties, but a sure fire deterrent! I wonder if that Texican knows he's now world famous in this forum? :)
 
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