70% of business was refi business is not a well balanced practice. I’ve always been in the upper percentile (70% purchase), and the remaining for other like refi, estate, etc.. I guess some appraisers like to stay in their niche however, riding the refi market seems to be a poor strategy and I personally wouldn’t recommend it.

The big takeaway? Fewer appraisal waivers could mean more work for appraisers, which is great—unless, of course, you were getting used to your “Netflix and chill” afternoons. But don’t pop the champagne just yet—there’s still plenty of regulatory mystery ahead. Will the government finally realize that appraisers aren’t magicians who can conjure up perfect home values on demand? Will they stop changing the rules every five minutes? Will someone, please, find a way to make the word “conservatorship” sound less ominous?

Sacramento Real Estate Appraiser

Our Diversity, Equity and Inclusion Commitment
Empowering Individuals

Appraisal Institute empowers individuals and nurtures an environment that inspires and encourages diversity, equity and inclusion.

The valuation profession has a responsibility to achieve greater racial, ethnic and cultural diversity among appraisers. Recruiting for greater diversity makes us stronger and more representative of the communities we serve and contributes to greater cultural awareness.

We are committed to accelerating diversity, equity and inclusion (DE&I) initiatives and partnerships. Our efforts include the Appraiser Diversity Initiative in collaboration with Fannie Mae, Freddie Mac and the National Urban League; the Practical Applications of Real Estate Appraisal (PAREA) program; and our Minorities and Women Course Scholarship from the Appraisal Institute Education and Relief Foundation.

Creating a more equitable housing environment requires collaboration and solutions from all players in the field, from real estate brokers and agents, to banks, to government agencies.

Let’s work together to bring about positive change in the valuation profession.

https://www.appraisalinstitute.org/about/our-diversity-and-inclusion-commitment

You are right. Years ago I did take checks or get paid out of escrow (feeling sorry for borrowers unable to cover appraisal cost) over 35 years ago and a few of the checks were no good. This was not a problem, I just went to the county assessors office and placed a Mechanic’s Lien on the property plus I demanded the cost of the lien and the release of the lien to be paid on top of the appraisal fee. The loan process was completely stopped until I was paid. Totally legal and easy to do.

The anti merit based DEI incentive program infiltrated further than many realized. Just found this today. The people whom put this kind of research together never imagined it could be used as a road map to dial the activity back. / 500 ways the Biden-Harris administration infused dei into the federal government.
https://donoharmmedicine.org/wp-content/uploads/2024/10/Equity-Everywhere-Biden-Harris-DEI-Paper-1-1.pdf
Pg 55 for asc related disclosure.

“and terminate any DEI-related contracts by the same deadline”
Do grants count as contractual agreements in this context? If so..
.
Check this image out, the FHFA removed DEI content. Their blatant lies about ‘appraisal bias’ are still present though, if you change the search term. Happened so fast, the search engines have not yet updated the indexes.

Please let them all get fired. Also these events may provide further insight why the frb and other institutions rushed through so much additional regulation recently. We’ll see if any of that gets rolled back.

Simply remarkable. Don’t hold out much hope for appraisers though. We come last and nobody cares.

The White House (.gov)
https://www.whitehouse.gov › 2023/06/01 › remarks-b…
Jun 1, 2023 — Black homeowners are more likely to have their homes undervalued than other homeowners. And homeowners in majority Black and majority Latino neighborhoods are …

https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/06/01/remarks-by-vice-president-harris-in-a-press-call-on-addressing-racial-bias-in-home-appraisals/

page not found…

The government funded anti-White agenda, under the guise of DEI, is coming to a grinding halt.

And the deadline that President Donald Trump is giving government offices is Wednesday by 5pm.

That’s when DEI programs across federal agencies will be cancelled.

Employees working on DEI initiatives will be put on paid leave.

A memo from the Office of Personnel Management demands all DEI-related media, trainings, and contracts to be terminated.

The Trump administration on Tuesday ordered all federal employees working on diversity, equity and inclusion initiatives to be placed on paid leave as government agencies work to shutter DEI offices.

The Office of Personnel Management — the government’s top human resources agency – notified federal department heads in a memo that DEI program employees must be notified by 5 p.m. Wednesday that their administrative leave is “effective immediately.”

The memo further directs federal agencies to take down all “outward facing media” – such as webpages and social media accounts – focused on DEI programs, cancel all employee diversity trainings and terminate any DEI-related contracts by the same deadline

OPM also asked agency heads to ask “employees if they know of any efforts to disguise” DEI programs with “coded or imprecise language,” and to report back their findings on attempts to obfuscate the initiatives by Jan. 31.

Employees who do not report DEI programs that may have been renamed to skirt the Trump administration’s widely expected move to gut diversity, equity and inclusion initiatives may face “adverse consequences,” OPM warns.

https://100percentfedup.com/dei-will-die-govt-just-got-their-deadline/

https://appraisalfoundation.org/imis/TAF/Resources/Diversity__Equity_and_Inclusion/TAF/Diversity_and_Inclusion.aspx

hello TAF???

Biden Administration To Probe Racial Bias In Home Appraisals

Domestic policy advisor Susan Rice said that since Biden’s first day in office, he has made advancing equity and racial justice a top priority across the entire federal government.

“This PAVE task force took that responsibility seriously,” said Rice. “We have a long way to go, but the steps laid out in this action plan will help our country reduce bias in home valuations, narrow the racial wealth gap, and deliver a stronger and more equitable future for all Americans.”

Jody Bishop, president of the Appraisal Institute, asserted in a statement that the nation’s largest professional association of real estate appraisers is committed to working closely with the Biden administration to ensure borrower understanding of the appraisal process and laid out its plans to address racial bias.

“We thank President Biden for releasing the PAVE task force action plan, which targets solutions to several challenging issues in appraisal and valuation, outlines appraiser and consumer education goals, and highlights programs aimed at diversifying the appraisal profession,” he said. “Our organization stands ready to work with the bank regulatory agencies, loan guarantee agencies, FHFA, CFPB, HUD and other stakeholders to develop a more accountable, actionable and efficient regulatory structure, particularly as it relates to the reconsideration of value (ROV) processes and procedures – an issue that cuts to the heart of many of the concerns recently expressed by borrowers of color.”

https://www.forbes.com/sites/brendarichardson/2022/03/23/biden-administration-to-probe-racial-bias-in-home-appraisals/

i dont know which is worse…kamala, AI, or the lying media

Now talk about Trump and him refinancing his properties.
https://www.forbes.com/sites/danalexander/2022/07/29/donald-trumps-great-escape-how-the-former-president-solved-his-debt-crisis/

A real estate appraiser whom can not make it through a page of reading? How do you navigate the ten thousand pages of regulation governing the appraisal process? Sounds like something a DEI hire would say.

I make more than I did 25 to 30 years ago.

A sales agent told me that herself and other agents in her firm had been contacted by several amc’s trying to get realty people to perform PDC’s for $25 each, disclosing the service was for appraisers to use. They were confounded and said; We thought that was the appraisers job.

Want to know who’s going to be completing PDC’s? Well, I’m glad you asked. Door dashers. And it ain’t pretty, in fact it’s downright exploitative. They’re often doing these for $4-$10 dollars each and would see PDC service at $25 as quite the raise. I spent days reading this thread to learn what the heck was really going on with door dash and gig work.

https://www.reddit.com/r/doordash/

oh i am sure the amcs love collecting the appraisers fee…and then negotiating it

cert 23. Indeed.

Which amc was it that recommended appraisers use the language; no one should rely on this report for any reason, as a liability shield? I read that just the other day from an appraisers report.

This is the language gse’s said was valid and appraisers can add to liability disclosures instead.

Any use of this report by any party other than the named client is considered an unauthorized use. Appraiser does not assume responsibility for unauthorized use of this report.

I added additional statements that I don’t indemnify anyone, and that I don’t imply any liability protection or compensation for expenses incurred by any parties.

Did you read the one that FTC classified independent appraisers as financial institutions a few years back? You can try to reconcile appraisal industry record keeping rules, alongside the limitations of being a 1099 with cost and equipment limitations, vs this, but you will not be able to.

https://www.fileinvite.com/blog/which-financial-institutions-exempt-from-the-2022-ftc-safeguards-rule

cert 23 makes the ‘borrower’ a quasi client anyways…ask marin city

If the home owner pays me directly for the appraisal, then they should be my client. And should subsequently be able to shop that appraisal to any given lender elsewhere if they want.

If the home owner pays the lender, then the lender should be the appraisers client. And that appraisal is then subjected to portability rules and owned by the lender.

Pick your poison. The conversation about why they’re paying me but I’m held to confidentiality with the lender client, that’s too confusing and is not conducive to fostering public trust in the appraisal profession.

Besides, ever since the appraisal fee always ran through the lender, I’ve never once had a non payment. Appraisers whom deal with cod’s are constantly dealing with cancelled checks and other such shenanigans.

My clever tag line; I don’t care how long they take to pay me, as long as they pay me full fee because I’m not sharing with middle management.