Is Mr. Brian Coester Being Honest?

Dave Towne

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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Is Mr. Brian Coester Being Honest? I'm Skeptical... - Appraisers BlogsThe real question I have is simple: Is Mr. Brian Coester being honest with people, and telling the truth about what REALLY happened? I’m skeptical, but I don’t do business with CoesterVMS.

Brian Coester claims “We are not out of business,” as AMC runs into financial difficulty – AMC claims bank made mistake

I sure have read lots of first-hand comments from appraisers about either slow pay, or not being paid, for reports completed for CoesterVMS. That makes me highly uncomfortable about accepting any assignment from them, unless they pay the report fee UP FRONT, and they don’t get the report until the check actually clears the banks involved(This does work, by the way, as appraisers have notified me who have done this.)

Based on Brian Coester’s personal postings, there are two things I do know about Mr. Brian Coester: he likes to quote Bible verses in his communications – many relate to staying vigilant in the face of adversity, and he loves participating in martial arts training and exhibitions. Actually, three things: the third is he has been involved with the courts for various situations since he was 26 years old. He’s now in his mid-30’s. Those items are found in various public places, easily searched. One case involving an appraiser is still pending.

If you decide to do business with that, or any AMC, keep very close tabs on payments. If your state has regulations mandating AMC’s pay appraisers within a defined number of days, know what they are, and take appropriate action if you don’t get payment appropriately. Do not do more than TWO ASSIGNMENTS ‘on credit’ before accepting others, and demand payment for the outstanding ones before accepting new assignments. Remember, you’re a FEE appraiser, not a FREE appraiser.

Scoundrel AMC’s will take advantage of you if you don’t pay attention to your business.

Image credit flickr - jintae kim
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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13 Responses

  1. Retired Appraiser Retired Appraiser says:

    Practice makes perfect Mr. Coester. Hopefully one day you’ll grow up to be a REAL CRIMINAL. Washington DC and Wall Street are always searching for people with your skills.

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  2. Matt Joyce on Facebook Matt Joyce on Facebook says:

    Coester VMS doesn’t pay. Stay away!

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  3. Baggins Baggins says:

    https://www.coestervms.com/lenders

    Hold on, I thought AIR was appraiser independence requirements.

    Hold in, I thought the amc was to provide separation from mortgage production, not to be the long arm of the lender hiring lender personnel.

    Hold on, what’s this ‘expansive appraisal database’? I thought there were clear rules on both data retention and use of data within the CU system…

    Appraisers and lenders who choose to work with amc’s are helping a great many of them defraud borrowing consumers. Only if an amc has an upfront fee based on cost plus billing can they claim differently.

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  4. Bunker Oleary says:

    I did some work for this AMC a few years back. They were ok then but I have not received any work from them in a long time. Im guessing it was a blessing!

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  5. Cotton Cornell says:

    Brian Coester should be ashamed of himself. These AMCs were put in place to protect the appraiser yet I have been financially and emotionally harmed by the AMCs. The low fees, the ridiculous turn times, the unwarranted QC requests. As I type this I just received a QC from Clear capital on a 1004D to provide street photos? Why would they need street photos for a subject to completion 1004D? When will this end? Does anyone in government read these articles? Why does it appear everyone wants the appraiser out of the process? What other business gets this type of abuse?

    Have a blessed day!

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  6. Certresidential says:

    Coester has been notorious for always blaming the “banks” for non payment or bouncing of checks. Never saw an AMC have so many banking problems. One outrageous incident that was posted and discussed on another forum even involved a bogus letter allegedly written by a bank officer who apologizes for any inconvenience it caused Coester. And now, another incident? people are expected to believe yet another bank fumble? How could one AMC possibly have such bad luck and misfortune yet eschew any responsibility?

    It’s rather incredulous that a law firm would open themselves up to a suit where alleged loss of business claim could result due to issuing a seizure notification “mistake” letter.

    What reputable lenders should be asking themselves is do they want an AMC with such a poor, long-standing and sullied reputation to be representing them as their agent?  What does it say about them? Two lawsuits- one open alleging hacking an Appraisers email account and another settled alleging fraud and a sundry of other agregious charges? What? They never bothered to check ? Aren’t lawsuit questions Lenders ask Appraisers upon panel approval? While his glowing press releases and marketing skills may rival those of PT Barnum – Working boots on the ground Appraisers are are aghast by his everyday business practices.  

    Lenders need to spend more time on Appraiser blogs to discern the real deal about his reputation.

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  7. Koma says:

    Just look at his previous statements/dealings and you will come to the right conclusion.

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  8. Certresidential – some of the best advice to lenders I’ve ever read pertaining to Coester or his CoeterVMS.

    My question is how this future sausage maker candidate gets any banking or lender business to begin with? If he cannot manage his own business without frequently and repeatedly bouncing checks or becoming involved in lawsuits how can he possibly ‘manage’ anyone’s appraisals?

    Don’t lenders run background checks on the AMCs they select like they do appraisers?

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    • Baggins Baggins says:

      Best question of the day. Signs point to….. NO.

      Let’s rehash an old question, popular, and never answered adequately.

      If amc’s provide a valid service, why can’t they bill for that separately from the appraisers fee.

      Landed another 3 direct panel slots just this month. It’s not rocket science.

      Amc’s still to this day have done nothing more than present as money making gimmicks.

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  9. J DAVID COZZARELLI says:

    If Mr. Coester is being honest, that it was a banking mistake, then why did his bond company offer a 90 day notice of the bond being terminated? In North Carolina, our appraisal board notified all appraisers that the bond would expire on 2/16/2019 and included instructions for filing claims. I understand that a few other states have received the same notice from the bond company.

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  10. Ralph says:

    An AMC that can’t balance its debits and credits, is not a business it’s Romper Room!

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  11. Wayne Courtney says:

    You could be the best appraiser in your local area and be respected by your peers. Or you could work for AMCs and be known as a fool. Your choice!

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Is Mr. Brian Coester Being Honest?

by Dave Towne time to read: 1 min