This conversation is all well and good, but don't you guys consider why a consensus cannot be reached amongst a set of so seemingly well educated appraisers?
The root cause of the problem is not with the appraisers, or the originators, or the AMC's. Sure they all have a host of problems, but the primary issues are more simple, but harder to correct.
Emphasis on quality and reliability of valuation professionals services is diminished from the start, because we're primarily furnishing reports for GSE's, whom are backed by taxpayer dollars, in a fiat currency system where the ever manipulated FED rate drives purchasing power.
Take away the catch net of taxpayer backing, and watch these companies actually care about staying in business themselves. Someone mentioned in this thread that appraisal development quality is a distant concern for all involved. Double dare you to tell that to your EO provider, and to the never ending stream of litigants dealing with improperly securitized financial instruments related to housing.
We don't need to fix the money supply, we need to fix the money.
Audit the fed, and get government out of the business of residential home lending.
These institutions were at their heart, supposed to be in place to protect regular citizens from the woes sure to come, if major corporations had their way, in and outside of the government. aka; lessons learned from the great depression. After long periods of propaganda, misinformation campaigns, planted news stories, and endless debates on irrelevant issues, these powerful organizations have successfully re wrote history and they're sitting back chuckling how individuals like yourself expend so much energy arguing amongst each other, aloof to the real problem, and real solutions.
Audit the fed. Fines based on income. Prohibit all persons employed in government from ever lobbying government for life. Immediately eliminate fiat currency and go back to the silver standard.
People don't know what $40 an hour really means, until they get paid that much, and then watch the fiat system expand to compensate. Only when they can enjoy reliable monetary systems, can they ever truly know what they're worth. They'll still be worth the same amount of silver coins, regardless of the fiat to fiat exchange rate of the day. Money is not speech, and corporations are not people.
Unions are very effective, and I am a strong supporter of unions. But not as a 1099 worker. If someone wants to put a union organization together whom has proprietary work assignment contracts with major lenders, I'll join that union and bring my absolute best foot and most professional hat forward. As long as the parent corporation whom works with union representatives has the option to not work with union people on the other side of the same coin, union implementation cannot work for 1099's. And without union implementation being state wide at a minimum, so many of the counter arguments in threads like this, remain valid concerns. Or perhaps the union could be there as a requirement to bank companies who have been penalized, and are no longer given permission to engage a free and open vendor market.
I've heard that in CA unions for certain laborers like groups of technicians in servicing sectors, they have legal backing of the union through state requirements. I believe that it is law, that all such type of work must be run through a union. Union members enjoy fair and good compensation, but also have to wait in a state wide rotation to get a punch in with those opportunities. The theory behind this is sound, but my skin crawls at the thought of multi national banksters and their government minions contributing to the structure of an appraisers union set of legislation and laws. We could not afford to buy that law, they way it needs to be bought on our behalf. The point being, the law is up for sale, and is rarely written in an unbiased manner at upper levels. Ever looked into legislation writing groups? Unlike a network of private retail businesses whom have need and find good value in HVAC services, and a broad support on either side of the engagement, the game would be quite different if dealing with lenders. Appraisers are few, and lenders interests are many.
If they could have ran a successful show of it under current systems, they would have a long time ago. Stay out of debt to begin with, and cancel all debt as soon as possible, because mortgage lending really is a buyer beware industry. Be the champion of honesty and ethics to yourself, because the mechanisms of justice in our government, are already broken for the considerations we're talking about. When it comes to checks and balances, we're it. The rest is just smoke and mirrors, and after effect which rarely even brings the tide in, for those creating so many waves. Our profession is under attack, because the principals of the checks and balances system in this industry is under attack. Sometimes we all feel that it's down to us, but take heart, because this country is filled to the brim with patriots. Nobody is going to be able to dilute that. Show me a proprietary working rights contract and give me an entry point, and that's when I'll be able to support a union, in my current position.
