i like this sermon to, keep preaching deacon.

This new Make America Great Again promotional hat just arrived in my mailbox today. Vote with your wallet, it is the only vote that matters in the end.

PREACH IT BROTHER.

Don’t underestimate the typing skills of his outsourced typist team and answering service:

Divya, Suhani, Ishita, Priya, Anjali, Shivanji, Isha, Aswini, Anusha, & Sam.

Also don’t underestimate the skills of his chauffeur team (all former state police officers) and his pit crew.

And then there is Casper (his ghost writer).

oh how i miss the days of lawsuits against appraisers for doing things on purpose like fraud, and prosecuting appraisers for things like lying about not taking CE, or being members of scams against banks.

with most of that behind us, i suppose some people now have to justify their paychecks by re-focusing on ambiguous things like neighborhood descriptions, and whether or not someone explained in infinite detail each of the hundreds of things that are in a 40-page appraisal report nowadays, right?

i am not saying every report that was reviewed in this article was perfect, but properties that were under-valued or over-valued by 5%? the average cost of a house in my entire area is around $100,000. what were the values of the houses being reviewed? if it was around $100,000, that means the difference was only $5,000. i must have missed the memo, but when did real estate appraising become an exact science and every appraiser now comes to the same conclusions?

the other reason i think why the mortgage appraisal profession is totally screwed up and needs to be completely erased and started over from scratch, is because of the review process itself. look at who is doing the reviewing! often it is someone who is a MSREA, MAI, SRA, MAG2123, Certified General, etc., or even sometimes the person can be an attorney too! WELL, GUESS WHAT? if that Certified Residential Appraiser does know as much as, or know MORE than, the reviewer who has all those credentials, then they dont EVER stand a chance against any review that is done on any of their reports! i guarantee you, anyone with the credentials i mentioned, will ALWAYS be able to find enough things somewhere, in ANY REPORT, that could add up to be numerous violations of USCRAP, and get that Certified Residential appraiser in hot water if the reviewer really wanted to.

does the Certified Residential appraiser with say 10 or 20 years experience know as much as the reviewer who is a MSREA, MAI, SRA, MAG2123, Certified General, or even sometimes an attorney? no, most probably not. how about the new Certified Residential appraiser, or one with only 5 years? oh hell no. but they are held to the same high review standards arent they?

here’s and example – a ready-to-graduate college student turns in an English paper to an English Professor at a major University, who lets say has a Masters Degree in English. the professor reviews the students work. if that professor was overly and unnecessarily aggressive and unreasonable, how many mistakes could that professor find in that report? (oh, and keep in mind here that English isnt NEARLY as ambiguous as real estate appraising!).

that new Certified Residential appraiser better be charging $10,000 for an appraisal, because their liability is much higher than someone who has 15 or 20 years experience.

this is also another great example of why appraisers should never be accepting any work for the peanuts they are accepting every day. i dont care how great you think your work is, all it takes is ONE overly and unnecessarily aggressive, over-educated and unreasonable reviewer, to ruin your day and/or your business, and/or an entire bank account, and/or your professional life if they really wanted to. and i dont care if that Certified Residential appraisers report is right either, the “reviewer” is always right just because they are the reviewer, right?

let it all implode. i think it needs it.

the bleeding continues . . . . .