Comments on: REVAA Reacts to FHFA Study

By: Mike Ford, AGA, GAA, RAA, SCREA, Realtor®

Mike Ford, AGA, GAA, RAA, SCREA, Realtor® — Sat, 28 Apr 2018 19:13:03 +0000

I have no favorable regard for REVAA but in this instance they were/are right about the working paper being flawed. They just didn’t bother to identify why specifically. I’ve taken the liberty of doing so and have submitted it to AB for possible publishing within past week.

By: Scott R.

Scott R. — Wed, 18 Apr 2018 18:01:45 +0000

REVAA is NO advocate of appraisers and the appraiser profession. All one need do is read the REVAA member list on their page. Most of the same companies that are destroying the appraisal profession. CoreLogic, Clear Capital, ServiceLink to note just a few.

By: Baggins

Baggins — Mon, 16 Apr 2018 18:19:36 +0000

In reply to Bill Johnson.

“Improperly co mingled fees.”

By: Mike Ford, AGA, GAA, RAA, SCREA, Realtor®

Mike Ford, AGA, GAA, RAA, SCREA, Realtor® — Mon, 16 Apr 2018 18:10:50 +0000

“Mark Schiffman, Executive Director of REVAA”

’nuff said.

By: Bill Johnson

Bill Johnson — Mon, 16 Apr 2018 17:15:17 +0000

Of course AMCs provide no value to the APPRAISAL PROCESS. From a lender perspective, the AMC simply represents a free “outside” service that handles what used to be an “inside” expense to the lender. By free, it means what should go 100% to the appraiser “Appraisal Fee paid by borrower”, instead a portion (up to 50+%) goes to the middleman AMC. Lenders could care less about the results (added value or not), as its all about saving another dollar a million times, or in the case of appraisals, hundreds of dollars, millions of times. On a side note, why would anyone think that AMCs add value when they pay perhaps half the going rate (C&R), and give us half the time we need?

By: Chris

Chris — Mon, 16 Apr 2018 17:02:04 +0000

Their days are numbered and they know it !!!

By: Advocate

Advocate — Mon, 16 Apr 2018 17:00:14 +0000

Mark Schiffman is just trying to spin the truth; the same thing he always does. Pay no attention to him.

By: Fritz Vogel AGA,CRS,CEI,GRI NY Cert. Appraiser 27yr

Fritz Vogel AGA,CRS,CEI,GRI NY Cert. Appraiser 27yr — Mon, 16 Apr 2018 16:27:43 +0000

It’s interesting that the FHFA would “seen biased” t’ward AMC’s. Why? They add No value to the appraisal process, we know that, they fleece the consumer out of 1/4 to 1/2 of their appraisal dollars, we all know that, they keep a “stable” of lesser quality appraisers to accept their lower than C&R fees, we all know that. So why would the FHFA, a G’ment entity, be biased in a study? They were not, they were just telling it like it is. Thank you FHFA.