https://www.marketwatch.com/investing/stock/clgx

I wonder if that is why they were downgraded? Anyway it’s 3:23 AM and I couldn’t find the REITs article you referenced reading

Just read that Core-Logic is continuing to expand. Its latest purchase has been for REITs in the prison system. These REITs amount 25% of Core-logic revenue.

Just think, how sore appraisers could complain!!!

That’s not good, sorry to hear that. In Colorado our amc regulation came with some sort of prohibition against indemnity agreements. Despite the fee and sourcing issues that single rule saved the day for many Colorado appraisers. I remember sending back return letters at first, I don’t have to sign that. And then eventually I was able to sign up without having to agree. It’s like night and day. Mike bumped this thread and I’m with him on this one. Times have changed rapidly, a lot of new direct assignment leads in 2017. This is a result of sourcing issues in the hot states like tx, co, or, etc. Lenders know that one area is hot, then not, and such localized growth can and will consistently move from one locale to the next. The whole point of origination is to strike the iron while it’s hot in the popular areas. So it makes no sense to constantly place your company in a disadvantageous position against your competition who is turning deals, is sourcing appraisers, and is not using amc’s. I’d say test the waters and don’t walk away just yet, at least make some calls. The thing about quality appraisal is the long term effects. The money makers in the appraisal industry are often like shooting stars, here today, gone tomorrow. Tech may help with speed, but it is not helping very much with lasting approval and quality control issues despite how much R&D they put into it.

Craig, you are right. I’m not sure when automation / computers and “Big Data” stopped being our friend, and became our burden. Perhaps as far back as 1993 or 1994.

That seems to be about the time all the software developers at the largest appraisal form providers starting creating all the hybrid boutique products for lenders that couldn’t abide the idea of being constrained by that pesky USPAP thingy.

It was also around then that appraising transitioned from using the three best comparable sales as an accepted norm to four being routinely required; as if a fourth less than best comparable somehow added some extra measure of safety in all appraisals. Thank you GMAC and LSI.

The we got away from 35 mm film and all of a sudden front, rear, street, LR, Ba and K & any specific problem area was no longer enough. I mean the added cost of digital pics was only an increase in ink costs. Until reviewers decided enough pictures sufficient for them to appraise the property were required.

Anyone remember feeding hard copy report pages into the proprietary Heyn / LSI ‘commuting’ machine system?

I don’t want to go back to pre technology days, but neither do I want to be the uncompensated administrative or secretarial- clerical staff worker for ALL clients.

If FNMA requires they be permitted to steal my work product, so be it, but don’t add insult to injury by making me pay for the privilege in upload fees OR added time converting to delivery systems that allow my report to be decompiled even further.

Big Data? Best I can say is ‘mis-used and misrepresented.

Mark just read comments. Even if lapsed, you can still renew for what is essentially a nominal penalty fee and some additional CE courses. Call and check.

As a licensed Broker, also being a certified appraiser simply lends more credibility to you as a broker. Do a few specialty assignments per year to relieve boredom, or pay for the cost of the license such as legal work; proposed projects, estate tax/or establishing new basis, or some other aspect that pays decently without all the baggage of loan production appraisals.

You’re only 50. God willing you may choose to stay active through your early to mid 70’s. Your license is simply another arrow in your experience quiver. Good luck!

I had renewed it and let it expire twice before, hoping things would improve.

I am pretty sure, I will let it go for good at this point. I am almost 50 years old, and see no reason to appraise for such low fees.

I quit appraising after the Home Valuation Code of Conduct (HVCC) and the mass shift in work to be filtered through an AMC, basically after the financial crisis and the creation of the resulting legislation.

We saw fees drop from $350-$400 for basic Single Family, to $200 or less, based on the new reverse bidding at the AMC’s. From what I understand, fees are back to as much as $325-350, but still far less than where we were 10 years ago taking into account inflation and increased addendums, electronic reporting, shorter turn times, etc.

The legal contracts that AMC’s seem to want an appraiser to sign off on, are also too much for me.

So anyway, I will keep my broker license active until I am an old man, but this nearly worthless appraiser license can go to the scrap heap in August. Sad, since I like to think I used to be one of the good detail oriented appraisers, which doesn’t matter in this day and age of low bid rules.

Do you feel used?

Clearly that state has built in conflict of interest issues as long as that Board Member is serving.

He owns his own firm which purportedly specializes in pre listing appraisals (tending to be high according to reports), which are then advertised in the mls when the properties are listed for sale “XYZ Appraised at $xxx,xxx” with XYZ being his company.

Appraise it for less than his firms unsupported values, and risk a complaint being filed which HE IN TURN HANDLES!

What could possibly go wrong?

The Governor of Georgia needs to rethink his appointments as well as policies that permit clear conflicts of interest by regulatory Board appointees.

Demanding old fashioned engagement is very protective towards the appraisers personal interests.  No broadcast please.  Paper checks only please.  Full 7 days minimum turn time, add 3 days tat per additional order carried please.  No acceptance or upload charges please.  Inquiring about the distribution companies policies regarding fee raking and sharing is essential.  Or cutting the various forms of middle men out of the picture also helps simplify the process of qualifying better clients.  For all this tech capability of assignment companies and lenders these days, the tech that benefits the appraiser first and foremost is typically absent.  To me, mobile devices still don’t make sense.  I see them as functionally restrictive and I remain mystified why the supposed tech geniuses of the world trade mobile convenience for raw power, lower cost, and uninhibited PC functionality at the desk.  An app is merely another in a long line of simple coded programs and a clever way to monetize what should have been free cross platform sharing in this age of advancing technology.  aka; Moores law.

When I last did AMC work 6 to 7 yrs ago, I always insisted they send me my check snail mail, I would not give them my bank accountant information.  (they always insisted on direct deposit, saying I would get paid faster, but I told them this is safer for me. I still prefer this way now with my clients, since there are too many hacks these days. (even Google with their Google docs which looked like the real thing, got many people this past week)

As for the e-mail hack by we all know who, just terrible and petty! I’m sure he will get his comeuppance. (just one lawsuit after another for that SHOP!)

https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online