Virgina REAB and Portal Petition

[Fred]

but I believe you stated you never used the conversion programs. If you ever gave them a try, I would bet they would have you swearing at your computer too.

Have not used AI Ready, but IMO, PDF-makers are also "conversion programs." I am sure if I had to use the contraptions, I'd probably would be yelling. I just wouldn't be yelling the things that were posted here. It may be of no help and may even be infamy to suggest, but it sounds like Mr. Wiley has made some wise software choices that enable him to navigate through the problematic waters with a minimum of going off course.

 

[Jonsey]

What the Appraiser sees/prints via any AppraisalPort viewer is not what is actually sent. The report is reduced to nothing but data, no form is actually sent in the file. In order to "view" what the Appraiser supposedly sent, it is necessary for the client/lender/user to IMPORT that file into another software program (ACI is one the major converters used).
This type of manipulation allows for changes to be seeming-less made to the appraisal report.

BTW: Many of you do not realize who and what the appraisal foundation severs. The af was created to protect the users of appraisal services, it does not protect the appraiser. Never has and never will. Just look at the members of the appraisal subcommittee and then look at every aspect of USPAP. Nothing in USPAP protects you, it's not suppose to.
The next question, why would any Appraiser consider anything any current or former member of the af has to say? They are and will always be the mouthpiece of the users.

:new_birthday:

 

[Jonsey]

Here we go again.

Wasn't it Mr. Rayburn of FNC that was quoted as saying that '...appraiser data is the new gold standard'? Or something like that.

When in fact, if and when a few AMC's gain the lion's share of the appraisal ordering and receiving market they have a built-in opportunity to data mine those appraisals with the bigger and more profitable goal of populating their data bases to either sell back to the pitiful appraiser (who provided the data to begin with without licensing rights) or to use for their AVM's or other hybrid products.


AVM's have been relied on more in the last several years than at any other time in lending history, yet has anyone researched, much less published the relationship between the increased use of AVM's and lender losses? Why is that?

Mr? Lets quote Rayburn correctly, shall we? Whose words shall live in infamy.

During lunch, William Rayburn, CEO and chairman of the board of FNC Inc., will speak on "It's the Collateral, Stupid." A.G. Edwards, a division of Wachovia Securities, is the luncheon sponsor.

http://findarticles.com/p/articles/mi_qa5277/is_20080421/ai_n25390842

IndyMac - Ignore this at your peril peeps!
www.housingwire.com/2008/07/07/indymac-hits-a-wall/
Indymac Hits a Wall, Quits Most Mortgage Origination

Construction loans worry bank investors
www.charlotte.com/breaking_news/story/702950.html
Another potential problem spot is wreaking havoc today on bank stocks: construction loans.
Wachovia and Edwards current situation ? . Don't ask., don't tell.

And IF the VA board attendees gets a moment or two, ask them to think about taking a look into this type of newly mandated garbage - out to the trash heap as well.
http://appraisersforum.com/showthread.php?t=141377

"It's the Collateral, Stupid."!!!!!!!!!!

 

[DWiley]

I and others have been trying to get this point across for 1200 post, and you and the defenders have told us we just don't understand or spend enough time to learn the software. Glad to hear you agree with us now.

I have never disagreed with you or anyone else about the limits of AIReady. I have disagreed that those limits force appraisers to violate USPAP. That accusation just isn't true.

As George pointed out in an earlier post, the format of most residential reports is already limited by the required use of specific forms. I have adopted to many new forms over the years, and a simple adaptation to some new software really wasn't a big deal to me.

Dealing with technology and software limitations will be an ongoing issue for appraisers. Appraisers do need to understand the software they are using. If nothing else, this thread has exposed that many are using software with absolutely no clue what that software is actually doing.


Mr, Dodd,

Good to have you back. The Ad Hominem meter was running a little low. Thanks for taking care of that!!

I have gone from "utterly stupid" to a "mouthpiece" - is that a lateral move?

DW

 

[Ken B]

Which makes me think that either a sure receipts or national vaulting/retrieval system might be the better solution.

But wait, that won't work. That may put a crimp in the flow of appraiser data mining.

Isn't it wonderful that the "real" issue keeps bubbling to the surface?

So, let's say we create this "vault." All appraisals for residential mortgage lending purposes are uploaded and downloaded from this source.

What keeps lenders from authorizing a third party, such as, oh, I don't know...let's say...FNC, from downloading the reports from the vault for "QC" purposes and, oh, any other purpose that the lender may so authorize. Like creating a property database from source documents such as appraisals and public records?

It's not going to work ladies and gentlemen. Once the data is no longer in your possession, you lose control over it. You're darn right it (data) has value. And you are being paid for it. If you want more money for it, demand it. Naturally, your demands may not be met.

 

[Couch Potato]

As you say Ken, a vault would be a data miner's dream scenario. They would be falling all over themselves to help fund such a system.


The logic of your signature line is not quite as good. If truth cannot be found, it is foolish to seek it. If it can be found, it is foolish to run away from what you seek once you find it. It is a nice, catchy line, but it makes no sense.

 

[Jonsey]

What keeps lenders from authorizing a third party, such as, oh, I don't know...let's say...FNC, from downloading the reports from the vault for "QC" purposes and, oh, any other purpose that the lender may so authorize. Like creating a property database from source documents such as appraisals and public records?

You're darn right it (data) has value. And you are being paid for it. If you want more money for it, demand it. Naturally, your demands may not be met.
__________________
Walk with those seeking truth, run from those who think they found it.

As you say Ken, a vault would be a data miner's dream scenario. They would be falling all over themselves to help fund such a system.

The logic of your signature line is not quite as good. If truth cannot be found, it is foolish to seek it. If it can be found, it is foolish to run away from what you seek once you find it. It is a nice, catchy line, but it makes no sense.
__________________
Ignorant appraisers, by far the greatest danger to the appraisal profession.

Truth: the most deadly weapon ever discovered by humanity. Capable of destroying entire perceptual sets, cultures, and realities. Outlawed by all governments everywhere. Possession is normally punishable by death.-- John Gilmore

Do not fear to repeat what has already been said. Men need the truth dinned into their ears many times and from all sides. The first rumor makes them prick up their ears, the second registers, and the third enters.--Rene Theophile Hyacinthe LaÎnnec

The truth will set you free, but first it will make you miserable.


Arrogant Appraisers, by far are the greatest danger to the Appraisal profession.

________________________________
"It's the Collateral, Stupid." - Bill Rayburn; CEO and chairman of the board of FNC Inc.

 

[Ken B]

As you say Ken, a vault would be a data miner's dream scenario. They would be falling all over themselves to help fund such a system.


The logic of your signature line is not quite as good. If truth cannot be found, it is foolish to seek it. If it can be found, it is foolish to run away from what you seek once you find it. It is a nice, catchy line, but it makes no sense.

The value of the search is in the process of learning. Once you stop seeking, you stop learning. And it is impossible to know all. Everyday should be a learning process. As we gain more knowledge, we may become more wise. As we gain wisdom, we come closer to the truth. But is always just out of our grasp.

I once met the Dali Lama and he said unto me "gunga unga gunga lagunga", which roughly translates to "Upon your deathbed, with your last breath, you shall know the Truth."

So I have that going for me. Which is nice.

 

[Couch Potato]

The value of the search is in the process of learning. Once you stop seeking, you stop learning. And it is impossible to know all. Everyday should be a learning process. As we gain more knowledge, we may become more wise. As we gain wisdom, we come closer to the truth. But is always just out of our grasp.

I once met the Dali Lama and he said unto me "Unga, unga gunga", which roughly translates to "Upon your deathbed, with your last breath, you shall know the Truth."

So I have that going for me.

So you believe he told you the truth?

 

[Ken B]

So you believe he told you the truth?

A gopher verified the information.