Reconsideration of Value Requests
Open invitation for spurious reconsideration requests…
No thank you.
I just checked your website and glanced at your “clients” tab, Reconsideration request form. It pretty well negates all the puffed up hyperbole in your email invitation.
It is people like you that are the problem, not solutions. Do you think a one of two items drop down menu is an adequate reason for asking an appraiser to reconsider their value? Do you not see a need to request a full and thorough explanation as to why your clients might be asking for a reconsideration? At a minimum didn’t you feel it necessary to offer some specific guidelines and cautions to clients not to engage in?
Do your clients even understand what a material defect is? Do they know the difference between relevant comparable (competing) sales as opposed to out of area, or other deficient (not good comparable) high sales?
Where are the directions to your clients telling them what the requirements for a reconsideration are? Your website looks like one of those amateur off the shelf, out of the box kind that misleads users into thinking there is no such thing as Dodd Frank Appraiser Independence requirements, or FNMA CU licensing restrictions.
I find it difficult to believe that you have appraisers involved in the daily operations of your firm, or they would know better than to allow this kind of open invitation for spurious reconsideration requests.
If this is how superficially you consider your obligation to comply with USPAP and Dodd Frank, not only will I not perform any work for your firm, I will urge others to avoid you as well.
By the way, what are “concierge appraisal services?” Made to order values? Guaranteed automatic intimidation for any appraisals that the clients don’t like? Diversified formats that may or may not encourage USPAP compliance?
I am forwarding your panel invitation to appraisal discussion forums as an example of how NOT to attract competent appraisers; and yet another example of why AMCs are held in such low esteem.
I’d extend a polite best wishes close to you, but it would be insincere. I do not wish your firm any degree of success as long as you think your website promotes good appraisal OR client practices.
Mike Ford AGA, GAA, RAA Realtor(r)
Chairman, National Appraiser Peer Review Committee
Vice President, Special Projects
American Guild of Appraisers
#42 OPEIU, AFL/CIO
Subject: Invitation to join our panel
From: “East2West Valuation Services”
Date: Tue, January 16, 2018 9:56 am
We are reaching out to extend to you an invitation to join our panel of valuation professionals. If you are not already on our panel, we invite you to take a moment to read about East2West Valuation Services.
We are a fast growing group of valuation professionals that specialize in providing concierge service to both our clients and appraisers. East2West was created by a team of appraisers and mortgage professionals who understand the industry and know that valuation is more than just a pay per file job. We are about building successful partnerships with appraisers. At East2West we know that our success is dependent upon providing support and opportunities to ensure your success!
By partnering with East2West, you have the following advantages; a team who values appraisal knowledge and expertise, pays invoices on time, and will never charge a technology fee. East2West is committed to open communication, transparency and support.
To join our panel, just hit CTRL + CLICK to the link below (or copy and paste the link into your browser):
To get started please provide a signed copy of your W-9, and scanned copies of your current license and E&O insurance.
Feel free to reach out to us if you have questions.
We look forward to a future with you!!!