Voice of Appraisal

[Essexfenwick]

This guy stretches out 5 minutes of useful information into a half hour of mind numbing goofy drivel. What an annoying individual

 

[J Grant]

Its been my experience that potential clients don't necessarily want better. They want faster. It seems to me that most users in the residential lending space are concerned that an appraisal meet minimum GSE standards, but could care less if it exceeds those standards. They care deeply, however, about turn times.

Your world appears to be about AMC work - faster and cheaper.

An appraisal due within 48 hours after inspection is fast enough for normal client use 1004 and 1073. If one appraiser does it 30 minutes faster then the other, wtf cares.

If an appraiser is working assembly line style on short form work cranking them out I can not relate to that.

 

[J Grant]

yep. The faster the appraiser is, the quicker everyone gets what they want.

Loans have a closing date and they do not close quicker necessarily if the appraisal or valuation comes in faster. And lenders have the same problem in RE that every one else does, no matter how fast they get a valuaiot done - there are only so many homes sold a year and so many owners who will refinance no matter how fast the process is - thus there is not any more $ to be made by getting it done faster.

 

[J Grant]

The better lenders who do not use AMC's, and the better AMC's ( the few out there )=- neither one wants to get audited or buy backs or sued, etc. They lose a lot of $ and time if a valuation is off. They are not so speed demon-minded as to risk shoddy work just for some manic speed delivery. They have an expectation when the appraisal should be in and end of story.

 

[glenn walker]

This guy stretches out 5 heminutes of useful information into a half hour of mind numbing goofy drivel. What an annoying individual

He is a house flipper and carnival type you tuber who has very few followers except from here and fake book but looks to sell hats and shirts and coffee mugs.

Based on you tube traffic if he brings in $100 a month i would be surprised.
But reports nothing of substance just reports whatever negative news he can find.The players in the lending and GSEs pay no attension to his clown show.

 

[chad hampton]

Can’t imagine he does it for the money. Perhaps he gives a **** about his profession and hates seeing what it’s become? I know the feeling.

 

[Non Sequitur]

He is a house flipper and carnival type you tuber who has very few followers except from here and fake book but looks to sell hats and shirts and coffee mugs.

Based on you tube traffic if he brings in $100 a month i would be surprised.
But reports nothing of substance just reports whatever negative news he can find.The players in the lending and GSEs pay no attension to his clown show.

Man, I hope your dog is OK. But if I were a betting man, it was someone form the institute that kicked your dog, not Phil.

 

[George Hatch]

We're all burning brain cells on unpaid time/effort on this forum. And we're doing it as a labor of love for the game, not for money. Well, Walker might be doing it for the money. 'Cause it's either that or he has a sweet Russian OnlyFans honey whispering shill-type stuff in his ear.

"Relax, darling. Moose and squirrel will never find out what we did with Zelenskyy"

 

[TC]

Another way to increase income is to become a better appraiser which gets one better lcienrts and fees.

That ship sailed after the AMCs took over.

 

[Zoe]

I would argue that - for professions where there is rapidly changing technology - which is most professions today - the newbies may actually have the upper hand.

If you don't know your market and don't spend time to know the market? Commercial may be easier in some regards because income cap approach is given most weight many times. I have appraised commercial in 7 different states but I had to associate with other professionals to do it.