Virgina REAB and Portal Petition

[Fred]

I am sure you you can do better than comparing this to a rape case or racial case.

Sorry you got confused. The comparison is that being empowered by the state to... oh, never mind, you'll probably just miss the point again.

 

[Ken B]

Perhaps reading a little James Madison might put Mr. Santora's comments into perspective. That assumes one wishes to understand rather than refute.

 

[Pamela Crowley (Florida)]

Q: Are there examples of appraisal reports that have been altered between the appraiser delivering them to an AMC/portal intermediary and that intermediary delivering them to the lender?

A: YES!


Q: Are there numerous people that were involved in doing this ready and willing to testify about being told by some in management of these AMCs/portals to alter appraisal reports?

A: YES!


Q: Were alterations done that changed check boxes, sales comparison grid adjustments, and ultimately the value conclusions?

A: YES!



I'm reminded of that question that is often used as a divorce lawyer joke:
"Is it true that you no longer beat your wife?" Now, I am, with all seriousness, asking these AMCs and portals:

"Is it true you are no longer unlocking secured pdf documents and altering them, then reapplying the stolen image of the appraiser's signature to reapply to something the appraiser did not originate?"

If 'they' are no longer doing this, what are the legal implications going to be for those involved in doing this for these past years going to be?

I'm also reminded of cats trying to deal with an overfull litter-box.

If I have to put my trust in someone involved in this mess, it will go to Pat Turner, George Dodd, Dave Biggers, and few others. I have NO trust for those involved in FNC, First American Corp and their subsidiary companies, numerous other AMCs, Lighthouse, AIRD (then or what it is now), and especially the AI-Ready conversions; I firmly believe they have been the worst examples of what is now so very wrong with the appraisal industry.

I consider ALL involved in unlocking any secured document to be crooks. I consider ALL involved in applying the image of signature that is not their own to any document without specific written permission of the person who's image of their signature that is being used to be forgers that should be prosecuted to the full extent of any and all laws covering forgery and fraud.

I consider ALL that have been and/or are involved in changing an appraisal report to something that no longer matches what the appraiser believes was delivered to be crooks.

I want ALL of these issues brought before the courts. If what is about to happen in Virginia gets these issues into the Federal courts, this is the BEST that can happen for all the honest appraisers that have been fighting for the integrity of the appraisal process.

First, "Do No Harm!" I cannot see where any involved in these 'conversions/alterations' can ever claim they have done no harm.

 

[Marcia Langley]

You don't have to read many of the posts here to see what lengths some are willing to go to. I think at least five times now someone has claimed that use of AIReady somehows violates policies of Fannie Mae. This depsite the fact that Fannie Mae actually requires it use in some assignments. Forgive me if choose to I trust Fannie Mae's interpretation of their own rules.

Danny,

I don't totally disagree with this and think a more valid point is that Fannie accepts appraisals for origination loans from banks who require AIReady from appraisers.

But regarding your specific argument that Fannies' own appraisal orders specify AIReady I'd say that Fannie has a history of instructing appraisers to violate their written guidelines when the assignment is for themselves as client.

It is somewhat interesting that Fannie continues to use AIReady on REOs but not necessarily on their other direct appraisal orders.

Many appraisers, for example, are willing to override the pre-printed form's admonition against additional assumptions when it's a Fannie request but would not do it for a lender request.

When the assignment is directly for the rulemaker, instructions to break the rules lose their significance.

 

[DWiley]

I firmly believe they have been the worst examples of what is now so very wrong with the appraisal industry.

And I firmly believe that this thread demonstrates the biggest problem in our profession - People willing to twist data (or ignore data) to support predetermined positions. I think many refer to that as being a Skippy.

For years now there have been claims on this board about having proof of these deeds. I hope all this does get taken to some formal setting because I am weary of these vague claims of evidence that conveniently cannot be shared for some unstated reason.

When a judge asks for a specific example of how AIReady conversion violates USPAP there will not be the option of not responding, throwing out an ad hominem or quickly changing the subject. It will be put up or shut up.

 

[Pamela Crowley (Florida)]

Just because the evidence has not been openly distributed to anyone that asks for it does not mean it does not exist. The appraisers that have provided the evidence deserve to be protected from retributions as long as possible.


Other examples include AMCs/portals demanding unlocked appraisal reports from any appraiser that used a lock/security system that the AMC/portal couldn't easily break open. If the appraiser didn't resend the report either unlocked or in a 'locked' format the AMC/portal couldn't break into, the appraiser was removed from the approved panel and received no more work.

 

[Jonsey]

Forgive me if choose to I trust Fannie Mae's interpretation of their own rules.

Really.

http://globaleconomicanalysis.blogspot.com/2008/07/fannie-and-freddie-waterfalls-are-too.html

 

[Couch Potato]

Sorry you got confused. The comparison is that being empowered by the state to... oh, never mind, you'll probably just miss the point again.

If at all possible, the point will be dodged. Would not want the facts to get in the way of a good lynching.

 

[Workbox]

Some folks just want to keep things like it used too be in the Plantations.

 

[Fred]

If at all possible, the point will be dodged. Would not want the facts to get in the way of a good lynching.

Well sure. Contrary to the attempted criticism, the Nifong example isn't about a rape case. It was a no-rape case, in which the facts, the evidence, rationality, and the truth were all ignored.

Q: Are there examples of appraisal reports that have been altered between the appraiser delivering them to an AMC/portal intermediary and that intermediary delivering them to the lender?
A: YES!

I have anecdotal "evidence" going back to the 50's, from war stories told to me by old-timers when I first started, about how they changed appraisal reports in the bank with white out or just scratching out. Before this thread, I don't think it ever crossed anyone's mind to blame the person who wrote the original report. There is probably a reason for that.