Where Do You Think "geographic Competency" Begins And Ends?

[djd09]

Who said this?

"Fannie is simply dishonest in the ways that it deals with appraisers and appraisal issues."

Must of been some kook who hated the gses.

Ignore me now.

 

[J Grant]

I would be very interested in how it is you think a board could adopt rules related to application of the COMPETENCY RULE and have them apply to only one type of work.

BTW, protecting work is NOT the role of a state regulatory board. Asks the dentist how that kind of action worked out for them with the FTC.

If their rule was about competency regarding the aspect of an appraiser relying on a non appraiser doing the inspection, for example, any ruling about competency could apply to that ( hybrid) type of work only. I'll take my chances with state board rulings, I fear their rulings about appraisal work less than I fear AMC interests trying to push for changes in appraisal work.

 

[J Grant]

[

There is no doubt that some people on some state boards use their role on the those boards to try protect the business interests of appraisers (and themselves in some cases) as opposed trying to protect the public trust or objectively enforcing USPAP and applicable laws and regulations.

Anyone who thinks otherwise is terribly naive.

Nothing is 100% pure, but even if true, there are plenty of board decisions and agency rulings that far better protect the interests of AMC's and lenders at cost to protection for protection of public trust.

Since non appraisers sit on state boards it is hardly a public interest threat. And the decisions harming appraiser business interests that help AMC /lender business interests is far out of balance in their favor and can present a far greater threat to the public trust

.You seem obsessed that an appraiser interest ad public trust interest can ever be one and the same, but they can be. Given the sordid history of many lenders regarding fraud/ high risk at tax payer expense lending practices, and the less than stellar practices of a number of AMC's, I fail to see how if you had a genuine interest in protecting the public trust you would continually champion the vast imbalance of lender vs appraiser interests as a potential harm to that trust.

Your view comes across that any business benefit that might accrue to appraisers taints their other interest in serving the public trust, but does not apply to an AMC or lender lobbying for their interests.

Any meager business gain to appraisers by any decision is dwarfed by the vast monetary gains at stake for lenders and AMC's in decisions favoring their interests. To equate the two as any having an equivalent threat to the public trust is absurd.

 

[timd354]

[
Your view comes across that any business benefit that might accrue to appraisers taints their other interest in serving the public trust, but does not apply to an AMC or lender lobbying for their interests.

That's absurd. I want and expect state appraisal boards and regulators to follow existing laws and regulations in the most objective manner possible and if that helps appraisers from a business perspective, that's fine with me. However, anyone who is not completely naive realizes the very real potential mischief when people who are still in business for themselves are allowed make rules that negatively affect their competition and to sit in judgment and sanction their competition, whether that competition includes other competing appraisers and/or AMC's. If you really think that people serving on state boards have not used their positions to drop the hammer on their competition, I have got a bridge to sell you too.

There is an inherent conflict in allowing active business people to regulate and have the power to discipline their competition. While many state board members carry out their duties in an objective and honorable manner, there are some who use their position to ignore the rule of law and further own business interests over the legitimate interests of others.

 

[George Hatch]

Whatever enables a non-local appraiser to compete with you for your assignments also enables you to compete with them for their assignments.

 

[Eli]

Anyone who is concerned about me getting torqued on the personal level should let that go. I can and will stick up for myself if something bothers me. The only kind of accusation that annoys me is an allegation of dishonesty. I've been stupid before and that's not so bad. I'd much rather be called stupid than dishonest.

Omg.

I like you. It appears you have been worn down. Me too dog.

Can we meet for a bar fight tonight? I’ll be your backstop. You start it. I’ll finish it. You’ll win.

 

[George Hatch]

As for a state board, it's to everyone's advantage that those entities make competent and ethical decisions. It is not the proper role of government to create the market or pick winners and losers. If you believe in your own abilities then what you need is the fair and level playing field, not a crutch.

You never want to assume more power than you are not also willing to give to your worst enemy. That's why we need a fair, impartial and well informed approach toward the rules and regs in play.

 

[J Grant]

Whatever enables a non-local appraiser to compete with you for your assignments also enables you to compete with them for their assignments.

This is a no brainier as a lose for appraisers regarding AMC and a portion of lender work. Right now, there is no/little private client limitation on geo area (outside of license) any geo area limitations tends to be fannie/lender work

Especially if Hybrids take over any significant market share. , fees will take a nosedive. Hybrids allows the desk appraiser, fee or staff, to compete far more volume as the desk appraiser does not have to inspect. If staff appraiser output vastly increase it means many staff appraisers will be let go, as well as less work reach the fee panel. It also means means the appraiser coach type of fee appraisers can triple their volume as they whip out desk work sending inspector runners out. What does that do to fees? (nosedive down)

The problem with we can compete in their area and they can compete in ours, since low fee is the tie breaker/ decider for a segment of clients, it it puts those who spend more time on a report who wont work dirt cheap in a worse position, because now dirt cheap fee appraisers will be flooding in to do assignments in their area.

People trying to sell the idea that dropping geo competence as a selector /requirement for lender/AMC or fannie work will benefit us, I have a bridge to sell you. Getting appraisers to say geo competence is not needed, paves the way for hybrid and desktop and out of area low fee appraisers going all over. Hope you enjoy seeing your fees plummet and assignments disappear. .

Will the "good " clients some of us still have on lending end be immune to this? Don't count on it They have to compete too and if their competition is slashing fees and using inspector runners, they may have to as well.

 

[George Hatch]

So it is at this point is where I am getting a bit confused. Seems we have drifted off into personal attacks maybe to provide cover for some previous post that made no sense.

Now that I gave more thought into the original post and survey maybe I am wrong about Geo-competence. If your stuck behind a desk in Carnivore's Den completing desktops, eventually over time I would not see or observe the fluidity of a changing market segment thus making or stating assumptions that are in total error because they are outdated. All because I don't see the whole picture when you actually drive around getting to your subject and comparable.

When 2055's first came on the scene I was apprehensive about that because a lot of the time excess depreciation was more likely on the interior. Vinyl village comes to mind. Look great on the outside, but inside is horrible. Everyone said don't worry the SOW is limited and your not responsible. USPAP was not a problem at all.

So I am thinking a desktop maybe not be the best thing for me. Let Mikey Do it

IMO , just the fact that something which has showed up in the midst of this running gunbattle has prompted both your consideration and this resulting observation (among others from other participants) fully justifies whatever other casualties which have accrued in this thread. It's a good obs, and thanks for making it.

As it relates to the rank and file I submit that it's unlikely this type of product will overwhelm the 1004 trade. I mean, if "cheaper" really was the only thing these clients ever wanted then you wouldn't be doing hardly any 1004s. The 2055s are a little cheaper and far easier to schedule and they've been around forever.

Those clients that are inclined to use a desktop will probably only use it for part of their book of work but will almost certainly still want 1004s for their more critical decisions and the more difficult valuation scenarios. So ver time it's easy to imagine how some fee appraiser might end up in a pattern of doing some of one and some of the other. In that event having some desktops to work on in between your other work might pay.

It also seems apparent that when these clients have appraisals coming from 2 different SOWs that they'll be comparing the results and performance of the two groups against each other to see where lie the similarities and differences, if for no other reason than to refine their criteria for when they'll choose one vs the other.

 

[Eli]

GH, your a legend. Old and out of touch but a legend. I bet your wife is amazed by you daily. If she isn’t? I’ll take care of you. Your special to me. I mean that. No lol.


You need to open your focus. Tell me the purpose of USPAP.