Comments on: AIR Statement & Revision Requests

By: COMMERCIAL APPRAISER

COMMERCIAL APPRAISER — Mon, 03 Dec 2018 19:30:36 +0000

MY THINKING: An appraisal is not and should not be a Collaborative effort, including trainees AND OTHERS CO-signing reports.

By: Jman

Jman — Sat, 06 Jan 2018 18:00:10 +0000

Its just a matter of reviewing the sale provided and either using it because you really did miss a good sale or explaining why you didnt use it. If you get too many request for non comprable sales then change clients or at a minimum take a look at your report and make sure you are doing a good job and properly evaulating the available sales. It would be nice if these forums became less of a gripe session that we have all heard too many times. Air and uspap allow providing sales to appraiser without violating independence.

By: Baggins

Baggins — Fri, 19 Feb 2016 01:17:37 +0000

Forget about the amc descriptor when it comes to these issues. I have noticed a definite trend that amc or not, the underwriters are the biggest current problem appraisers face. The sudden proliferation of XML based review software is an absolute nightmare. Like the T2 at Skynet is now reviewing all of my reports. He does not think, he is not logical, and he does not read. That’s a modern XML focused reviewer for you, a total moron. This issue is not specific to an amc or not. AIR is a joke, and it’s just a myth and a tool used by lenders to continue to bully appraisers. Here, now that I’ve slapped you in the face, would you please sign this release form promising you won’t sue me for slapping you, and also affirming that you never were slapped in the first place? If you don’t sign it, I’ll slap you again so you’d better sign it! That’s a day in the life of an appraiser who engages FNMA UCDP XML systems. UCDP is the absolutely worst thing to hit appraisal industry ever. Not because of UCDP itself, but because of how the data warnings are utilized by underwriters, to force the change of the appraisal reporting, thereby absolutely compromising appraiser independence.

By: Retired Appraiser

Retired Appraiser — Wed, 27 Jan 2016 12:48:41 +0000

In reply to Charles (Don) Clark.

Like many states, the Kentucky Real Estate Appraisers Board chose to exploit AMCs as a money making venture. They make a killing by charging AMCs an annual registration fee. There are currently 121 AMCs registered in our state. I believe that each is billed around $800 to register each year. I can’t say that I blame the board for searching for alternatives to raising funds with the number of appraisers shrinking each year. To make matters worse yet, Kentucky’s government has no problem plundering agencies and boards with excess funds each year. In short, Kentucky views AMCs much like they do the state lottery. They are a means of raising funds for the state. I know of no instance where an AMC has received a reprimand much less been prosecuted in this state.

By: Charles (Don) Clark

Charles (Don) Clark — Tue, 26 Jan 2016 19:54:05 +0000

In reply to Retired Appraiser.

Does your state board have supervision over AMC’s? If so, file a complaint. If they do not, then file a complaint with the OCC, the ASC, the CFPB, and the lender who is the appraisers client. Let them know it is your intent to do so. Let them know it is a violation of Dood-Frank federal law. tell them to send you a check immediately.

At least that is what I would do.

Charles (Don) Clark, AQB Certified USPAP Instructor

By: Retired Appraiser

Retired Appraiser — Mon, 25 Jan 2016 15:00:11 +0000

Been there and done that…long ago.

YES they are clearly trying to influence the value that you render within your report.

YES the AMC will threaten you with nonpayment as soon as you respond with a refusal to comply.

YES you need to inform the AMC that you turned them in to the appropriate regulatory agency for coercion.

YES you will receive payment from the AMC via overnight mail after turning them in.

YES you are an idiot for staying in the business so why cry about it? You’ve known that the keys to the kingdom were handed to thieves in 2009 yet you’ve justified working with those thieves because you had a family to feed.