Coester Risen from Ashes?

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Dave Towne

Certified Residential RE Appraiser at Towne Appraisals
AGA, MNAA, Accredited Green Appraiser - Licensed in WA State since 2003.
Dave Towne on e-AppraisersDirectory.com
Dave Towne

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Coester Risen from Ashes? - Homeowners to Provide Data for Evaluation

Has Coester risen from the ashes?

Apparently, per a message on Twitter on July 9, 2019, Mr. Brian Coester is now in the real estate sales biz.


The photo image used on the big T is the same one he used to use on his defunct AMC website.

Twitter Brian Coester profile picture

More information here and here for re-posts of articles not written by him.

Meanwhile, there appears to be a new twist in Evaluation appraisals. This is the first I’ve seen about an AMC or any other company using ‘the homeowner’ to supply interior photos which will be used in a bank evaluation. See this link & news release.

The service appears to be focused on providing appraiser-involved EVALUATIONS to lenders.

Excerpts from release:

The EVP-EVAL service includes a proprietary app and valuation platform allowing lenders to satisfy evaluation requirements with an actual appraisal. And instead of chasing information in the usual cumbersome process, data comes to the appraiser for a dramatically faster turnaround.

Under EVP’s model, the homeowner downloads EVP’s free app and walks through their home to capture a specific series of images. That geo-tagged inspection data is then uploaded to EVP’s valuation platform where an appraiser logs on and makes the determination of value in a process that takes a fraction of the usual 4-5 hours, according to Watson.

There is no mention of how the actual dimensions of the dwelling are verified, from which to calculate the GLA. I’m guessing there is a reliance on ‘public records’ for that, which sometimes can be inaccurate. Or perhaps the lender supplies a prior appraisal to the appraiser, assumed to be correct using an EA.

It appears to me that the intent of the new process is to involve APPRAISERS when a lender needs an Evaluation, but not a full-blown appraisal. That, to me, is fine, but it does not alleviate the appraiser from adhering to USPAP in the preparation and completion of the Evaluation Appraisal. Unless, of course, that state law says that is not necessary, or that appraisers are allowed to do Evaluations.

Equity Valuation Partners is also an AMC, based in Alabama. The states they operate in are unknown. They are not licensed in my state. Click here for EVP web site.

Company is owned by Drew Watson, a Certified General appraiser in Alabama, and Certified Residential in Florida and Louisiana.

Within the EVP web site there are several blog articles written by Mr. Watson. I will agree with him on a key point:

Appraisers, times are a-changin.

Image credit flickr - Russ Sanderlin
Dave Towne

Dave Towne

AGA, MNAA, Accredited Green Appraiser - Licensed in WA State since 2003. Dave Towne on e-AppraisersDirectory.com

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25 Responses

  1. Ross Grannan on Facebook Ross Grannan on Facebook says:

    Cool, like depending on MLS for GLA. This should be fun

    6
  2. David Samnick on Facebook David Samnick on Facebook says:

    It’s obvious CROOKSTAR is a scumbag.

    6
  3. Avatar CJK says:

    How is this dimwit even able to obtain a license? State boards will lay the hammer down on good appraisers just to generate income, but they let this dweeb run wild. Should he not be in jail by now? Something is very wrong with the system!

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  4. Richard Hahn on Facebook Richard Hahn on Facebook says:

    I don’t see where this can go wrong. smh

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  5. Avatar Mark SKAP says:

    People need to do research first. Coester runs a Blog. He blogs about other people’s articles within the real estate news world. He’s not a real estate agent/broker. A simple check of the Maryland real estate agent/sales/broker license data base has 0 people named Brian Coester. Let’s make sure we have the correct info before causing a stir.

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    • Avatar CJK says:

      Get off of your high horse, he has a Certified Residential Appraiser license, #28159 expiration 10/30/2019.

      http://www.dllr.state.md.us/pq/

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      • Avatar Mark SKAP says:

        Hmmm read the article. We all know He has an appraiser license. He’s had that a long time. But he doesn’t have a realtor/sales license. The article states he is now in the real estate sales biz. If that’s the case he would need a sales license which he doesn’t have.

        3
        • Avatar CJK says:

          I do not care what type of license he has, he ripped off appraisers, why does he even have any type of license?

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        • Avatar Jason says:

          A while back I read a comment here that he had started a gym with his girlfriend. So the question is why is he blogging about real estate?

          His website was down when he filed bankruptcy. Every article on the website has a July 2019 date. So he reactivated the website which is still registered under CoesterVMS, and he is blogging about real estate. WHY?

          Nothing about this crook is simple and I think you know this better than most of us Mark

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          • Mark Skapinetz on Facebook Mark Skapinetz on Facebook says:

            did he file bankruptcy?? I don’t think so. Yes I agree nothing is simple. His GF does own a gym.

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    • Avatar SB says:

      With a login Blog……Coester is trying to be a Real Estate Agent Lead Generator.
      Real Estate license is not required.

      He most likely is implanting surveillance cookies to track reader behavior.

      Everyone that logs in becomes a real estate buyer/seller prospect.

      Real Estate Agents pay A LOT of money for those leads.

      Would also bet he implanted cookies into all of his AMC lender clients to monitor and track their activities. Borrower identity info has been breached at an epic scale.

      If he’s capable of hacking someones email….this is nothing new for him.

      He’s basically is using the same tactics the CoreLogic Surveillance Business Model employs.

      4
  6. Kathy Hubbard Bright on Facebook Kathy Hubbard Bright on Facebook says:

     

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    • Baggins Baggins says:

      Mod, could you please turn down the posted gif and ytb images to thumb sized or just over that so the images fit the pages more congruently? Photo click ins, ytb links, and moving gifs should all present as the same reduced size w/ an option to click in for full size viewing. Thank you.

      1
  7. Gregory Beck on Facebook Gregory Beck on Facebook says:

    Bad idea homeowners think they have gold

    4
  8. Baggins Baggins says:

    He leveraged his massive database and traded up? There are no effective legal controls to stop criminality in this business. Nobody goes to jail. Therefore, there is a constant financial incentive to create brand new fraud schemes, violate or alter existing bureaucratic rules, and leverage everything possible regardless of the legality of it. And you don’t need a license to be a big shot in the sales or appraisal realm. If something isn’t legal, they make it legal.

    To willingly work with companies and people they object to, and then feign surprise they’re still getting away with it… Please. Still waiting to hear the details of this coester settlement to be made public. Financial penalties do not even slow real estate based fraud down. It actually emboldens the fraud because they learn that; A. It’s still profitable. B. They personally will never go to jail. C. Plaintiffs always settle because it’s not about what’s right or wrong, it’s about the money.

    You guys are reliving history. An amc operates like King George levying a 50%+ tax, and people still go with it. They run legislative circles and tricks around appraisers for 10+ years, and appraisers still work with them. People buy the big tech surveillance items on purpose, they personally support the big tech that is used against them. Until people muster the courage to fight back, say no, and throw the tea in the harbor, expect more of the same. Modern day illustrations of taxation without representation.

    Please take the time to actually read this. https://www.archives.gov/founding-docs/declaration-transcript

    4
    • Baggins Baggins says:

      In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

      FNMA and REEVA coalition, 2019.

      2
  9. Coester?

    Hahaha ahaha hahaha haha hahahaha hahahahahaha haha hahaha hahaha haha hahahaha hahahahahaha haha hahaha hahaha haha hahahaha hahahahahaha haha hahaha hahaha haha hahahaha hahahahahaha haha hahaha!

    4
  10. Avatar mdwnlk says:

    Whorelogic & Core-amode had a baby and named it Brian Coester

    2
    • Baggins Baggins says:

      He never saw a day in jail. He’s probably going to earn even more, with less responsibility and less stress, running an avm program for KW. He even skated out with a non disclosed settlement. Coester once again, gets the last laugh. You can catch up with him at the gym.

      Three cheers to all appraisers who continue to work with amc’s in 2019.

      2
  11. Ross Grannan on Facebook Ross Grannan on Facebook says:

    JPMorgan Chase files plans for 1,300-foot Midtown HQ
    https://ny.curbed.com/2019/6/28/19102607/jp-morgan-chase-270-park-avenue-plans-new-building

    1
    • Avatar merv conlan says:

      Shut up Ross. Do you pay Congress their salaries??? and, just to remind you: the Banks pay the most to Congress ‘members’ of any other group, not just in the USA but in the world. More than Pharma, prison unions, any unions, the Saud, heck, more even than Joe Shit the Ragman.

      1

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Coester Risen from Ashes?

by Dave Towne time to read: 2 min