Spot on!!!! Appraisers are their worst enemy!!!

I don’t work for any AMCs, and have a back door if work dries up. All appraisers should develop one if they don’t have one. No one is going to help appraisers but appraisers. When things do drop (it will), most of the appraisals that I have seen from other appraisers are not USPAP compliant, and it will be the low quality appraisers that will be getting reviewed!! It will be the appraisers that worked for AMCs!!

it will not happen which is not good… they have bigger pockets and will get all the hybrid work which puts the final nail in the appraisers coffin in my opinion.

What makes you think so?

How many numbers do I have to block before datamaster stops soliciting me? I hope we’re not flagging people resisting the corporate model as trolls now. Those are names of companies whom have turned this system sideways.

yeah nothing happened in that case with that chic flick

Three out of four appraisers nationally refuse to work for amc’s. Think of it, the 25% whom take 80%+ of all the available mortgage lending workload, complaining they don’t get enough from middle management they volunteer to willingly work for. Nobody makes appraisers take those fees or stay on those approval lists. Amc appraisers continue to erode the stability of this industry, one accepted order at a time.

Troll Alert: This comment/commenter was flagged as suspicious!

There are some pretty reputable firms in that list of “Bottom Feeders” that you identify. Perhaps you should look in the mirror. I’d fathom to say that you’re the bottom feeder.

Impossible for me to generate any respect for them after seeing the above.

No worries (yet). King Crazy’s billionaire pals will continue to prop up the markets until the summer of 2020 when it becomes apparent that he cannot win again. At that point they will go short in a very big way to make up for their losses. When that happens those 401Ks will become 100.5Ks.

I completely deleted clearcapital almost 8-9 years ago. As you stated, they are bottom feeders and pound appraisers who take their cheap $ assignments. Streetlinks, I never did work for them because they are bottom feeders too.

I can’t speak for others, but I want to know what I am walking into before I accept any assignment. I always do some due diligence before accepting. For the few times I didn’t, I regretted it … always an issue.

In one situation I performed a very easy appraisal assignment where the subject and all comparable sales were located in the same subdivision. All comparable sales closed within 90 days. All features were bracketed. I received a QC request asking for an explanation as to why I didn’t utilize 5 sales which the client provide. All of the clients sales were located in a completely different township/school district. All were significantly superior to the subject and all had a sale price based on a predetermined value. I called undue influence and clear capital demanded I research the sales and remove any comments regarding undue influence. I quoted the exact verbiage from the Dodd Frank bill which required the AMC to review all alternate sale data to determine wether it should be sent to the appraiser. They clearly failed! I ended up sending that to the state as a complaint however to date I have never heard anything. I refused to review the data as it had not been reviewed prior to sending.

A second time clear capital sent me a quote request. I quoted $400 which is my typical rate. They assigned the order. I scheduled the inspection and a 4 hrs prior to the inspection they canceled the order. I found out from a fellow appraiser that he had been offered the order the day after I accepted the order. He had offered a quote of $350. Once he found out the games they were playing he declined the order. Clear capital then comes back to me with the lie that the client has decided to continue with the appraiser. I tell them I am fully aware that you reassigned the appraisal to a friend of mine who offered a lower fee. I alert the borrower to this who then filed a complaint with the client. Clear capital then lies and say it was a system error. In the end I declined that assignment.

Another issue I had with clear capital was they like to try to schedule the appointment for you by sending the contact an email requesting access. In this situation the contact replied to clear capital however my email was not on the email chain. When I called the borrower to schedule the borrower says they already have an appraiser coming out to the property. I add a note to the system indicating what the borrower said. The day clear capital scheduled the appointment with the borrower I obviously did not show as I was not aware that clear capital had made the appointment for me. The borrower files a complaint with the client indicating I never showed and never called. I get an email from clear capital saying they have to investigate. In the end I never knew what they told the client however this was clearly all clear capitals fault. They should never be trying to scheduled the appointment for me as it clearly causes confusion.

Other worthless AMCs are valuenet, streetlinks, xome and proteck. All are completely worthless and need to be investigated by the goverment for fraud, racketeering, price fixing and market manipulation.

This is only a fraction of the useless behavior of the AMCs they are self serving and do not care about the consumer or the appraiser. I could easily go on and on about AMCs however it is the borrower and public trust that ultimately suffers.

What they want is plausible deniability and continued certainty that there is not now nor will there ever be effective regulatory oversight of their actions. Not at least until the next crash

As for us verifying AMC licenses, go ahead. Try it for your state. I was trying to verify one in an eastern seaboard state last week and after 20 minutes of trying to find a link to AMC licenses in that state, I had to give up. Appraisers are easy to find. AMCs? Not so much.

While the FTC prosecutes Louisiana for spurious alleged Sherman Anti Trust violation, LD Wholesale publishes their price-fixing evidence for all to see. (linked in SB post above).

Appraisers, even more serious than all the items Advocate accurately pointed out, is the elimination of USPAP compliance requirements for state regulator enforcing OUR USPAP compliance. The traditionally accepted metric of compliance contained in the Scope of Work Rule acceptability comments is now gone.

No one outside of TAF and their phony premise, seretive Investigator I, II & III classes has a clue as to what metrics are now used. States like California now deny even doing review appraisals or appraisals. Though all their Real Property Appraiser/Investigators are required to be licensed or certified appraisers…and are paid accordingly under the state civil service pay scale. According to former Texas regulators I’ve spoken with, they are adopting a similar TAF/AARO approach.

Some years ago California published reports that fully 50% of their overall revenue went for overhead and salaries from license fees and fines. Now that license fees have been reduced due to declining numbers of licensed appraisers, they are actively seeking ways to increase revenue through fines.

Since the amount of a fine (guideline-based) depends on the specific number of alleged instances of non-compliance, it is to the states benefit to find as many instances of violation as their imaginations can conjure up.

I wonder if they could realize any savings by firing all the Sr. Real Property Appraisers /Investigators? Seems like they have overqualified people performing investigations that don’t require appraisers for either appraisal review or alternative appraisals.

Are these people getting paid more than the cosmetology or barber license investigators? If so, why? If they no longer do appraisals or appraisal reviews, then clearly they need no more background other than California Laws Enforcement training.

Good, I need a break. I’ve turned down 5 orders today, and have no time to respond to 5 other requests. Volume could go down by 75% and I would most likely still be at my individual daily capacity.

Appraising is a funny thing SB, in that today I can only complete 1 in say 8 assignments that come my way, but yet with strict local 5 day expected turn times, I’m thus only 5 days from being unemployed (insert twisted face when explained to the general public).

On a side note, as the local government seems to be the last to know relating to falling values and thus property tax assessments, perhaps it will soon be time to jump back into property tax appeal business (1,000 + completed 2006 / 2010). The good old days where I would walk a condo conversion development with say two plans (1 & 2 bedrooms), develop two value files and use the same market data dozens if not hundreds of times during the appeal process. At times our knowledge can be easy money.

Seek the truth.

Seeing “double top” patterns all over the West Coast.

A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.

Although the VA just put in place some standards relating to capping fees when an assignment is cancelled (there to low!), at least they see the value of ones work prior to and post inspection.

Seek the truth.