Appraisers, Pull Together and Fight Back!
Dear Real Estate Appraisers of America,
To date, each of you have invested years of your life and tens of thousands of dollars to create your real estate appraisal career. No small feat. You have sacrificed greatly to get to where you are. And, now you are feeling as if everything you have worked so hard for is being stolen away from you.
Tragically, over the last 5 years there has been a whirlwind of events that has resulted in a very frustrating situation for appraisers. AMCs who have been permitted to increase profits by driving down appraiser fees and constantly push for dangerous turnaround times, have largely taken control. Lenders, Fannie Mae, and the like continue to creep up the assignment requirements to dizzying levels.
In spite of this awful situation, there seemed to be no one on the offensive to directly attack the harmful onslaught. Who is out there making real moves to bring appraisers the changes they so desperately need? We couldn’t find anyone or any group that was on a legitimate warpath.
So, in the spring of 2014, likeminded appraisers began meeting together to come up with a plan. They decided that since most of the biggest problems were solidified at the federal level with Dodd-Frank, that is where the problems needed to be solved. Without having any knowledge of how to go about making legislative changes, these appraisers identified a champion who has succeeded in bringing these types of changes for other professions. They identified Federal Advocates, Inc.
Immediately they began working with Federal Advocates, Inc. to develop a “grassroots” strategy to involve the appraisal community. They developed a powerful problem analysis / solution plan (posted on the website). They developed a real strategy to fight back and work toward renewing a profession that could otherwise turn into a total wasteland.
Since then, hundreds of appraisers have become members of this exciting coalition. These appraisers have felt confident about their involvement because every appraiser’s identity is protected so that there can be no unintended consequences. Federal Advocates, Inc. received adequate funding to officially launch their efforts by the summer of 2014. They immediately began contacting every relevant group to introducing the new coalition and unify allies.
In December of 2014 the Appraiser Prosperity Coalition along with Federal Advocates, Inc. conducted face-to-face meetings with key Members in the House of Representatives, the Senate, and the Consumer Financial Protection Bureau (the agency given the highest authority over all financial services in the U.S.A).
The good work they are doing is heating up. At this time, the current appraiser members of the Appraiser Prosperity Coalition would like to officially ask each of you to deeply consider joining our ranks of membership. For a very small monthly amount, you can do your part to make a difference in the future of this profession. The coalition needs every single appraiser who cares about the future of this industry to step up to the plate and contribute to this important effort. The more support that is brought to the table, the more work we will be able to pour into the noble cause.
Having already spent tens of thousands of dollars to create your career, will you please consider investing a very small monthly amount of support to redeem our beaten and broken profession? Real Estate Appraisers of America… it is up to us, at this time, to do what we need to do, to pull together, to each throw a little bit in – and fight back. Together we can pull this off!
Hundreds of Already Committed Appraisers
Appraiser Prosperity Coalition (www.AppraiserProsperity.com)
Federal Advocates, Inc. / Grassroots Division (www.FederalAdvocates.com)
1701 Pennsylvania Avenue, Ste 300
Washington, D.C. 20006