John Pratt

the bleeding continues . . . . .

Anyone else on here that does 74 appraisals in a month; or one an hour? Psssst! Tell me how. Promise I wont tell anyone. Well, aside from your state regulators.

“[sent by MFord 9/28/15 n response to below]

Mark,

My previous remarks still stand. Ask each of these “so sure of themselves advocates” whether they wish me to send copies of your sales pitch; comments attributed to them, and my responses to the Texas Appraiser Licensing and Certification Board (TALCB) so they can explain their techniques to them; and / or to The Appraisal Foundation so they are aware of the kinds of marketing and representations that are ostensibly being made by their sponsors.

I listened to the ZAIO hustle of a few years ago; see or hear new software hucksters promoting magical fairy dust driven software that if believed all but eliminates the need for me on a near daily basis, and stopped believing in unicorns And magic lamps long ago.

I’m not interested Mark, but I’ll pass your kind offers on to the appraisal world that I can, on your behalf.

Mike Ford

“From: Mark Sammis msammis@accurityvaluation.com
Sent: Monday, September 28, 2015 10:17 AM
To: Mike Ford; pvidi@atglenderlink.com
Subject: Mike, meet the experts. Mark.

Mike,

If you would like to learn our Houston office’s system please call Mark Verrett: Accurity Acorn Appraisals   832-326-9149   

Here is what our Chief Appraiser, Tom Munizzo said about Mark’s system: (Tom is a former NAIFA President and a current member on the Appraisal Foundation Board of Trustees. He just wrote the course on NEW FHA Requirements for NAIFA)

I just spoke with Tom, and I quote:

Technology is changing the industry.

Data Analytics, Cloud based Development.

600 decisions are needed for one appraisal, they don’t all have to be made by the appraiser.

The Commercial Model: Any MAI doesn’t do it all.

6 hour do it yourself appraisals and people that do them are a dying breed, 10 years tops.

Our 1 hour appraisals are more credible and significantly better.

If you would like to go through our process and meet Tom please let me know.

Thanks, Mark.

Mark Sammis
National Sales Manager
Direct: 480-207-2775 
Accurity Valuation
8777 E Via De Ventura Dr.
Suite# 385
Scottsdale, AZ 85258
http://www.Accurityvaluation.com

From: Mike Ford mike@mfford.com
Sent: Friday, September 25, 2015 12:19 PM
To: pvidi@atglenderlink.com
Cc: Mark Sammis
Subject: FW: Mike, Webinar Efficiency Workflow. Mark.

Hi Peter,

We spoke about Accurity the other day. I was unsure before, but all doubt has been eliminated now.

See claims. Top producer is doing 74 a month without overtime. That’s 3.7 a day!

I think I’d prefer to keep my license instead.

Best,
Mike

From: Mike Ford mike@mfford.com
Sent: Friday, September 25, 2015 12:13 PM
To: ‘Accurity Valuation’
Subject: RE: Mike, Webinar Efficiency Workflow. Mark.

Hi Mark,
I am not interested in any firm that thinks or claims or pretends to be able to “complete” a USPAP compliant real estate appraisal in one hour.

Think about his or your claim for a minute. An office may do 74 appraisals in a month, but unless you are talking about appraiser assisted AVMs, NO ONE (single appraiser) can do 74 USPAP compliant appraisals in a single month. Tell them for me that I personally am calling them liars if they make that claim. I don’t waste my time listening to liars.

Mike

 From: Accurity Valuation msammis@accurityvaluation.com
Sent: Friday, September 25, 2015 8:49 AM
To:mike@mfford.com
Subject: MIke, Webinar Efficiency Workflow. Mark.

MIke,

If you would like to watch the Accurity Webinar you missed this morning on Efficiency Workflow please let me know.

The host was the owner of our Houston office: Accurity Acorn Appraisal

1.   He illustrated how to do an appraisal in 1 hour that usually takes 4 hours.
2.   His top appraiser completed 74 appraisals last month without working overtime.
3.   Members were asking great questions on how to implement his system, you should hear the answers.

Enjoy a 3 minute video from our CEO on our website to learn how Accurity can benefit your business:
http://www.accurityvalution.com. Click on “Why Accurity”  

To Your Success with our Support, Mark.  

Mark Sammis
National Sales Manager
Accurity Valuation
8777 E Via De Ventura Dr.
Suite# 385
Scottsdale, AZ 85258
Direct: 480-207-2775
http://www.Accurityvaluation.com

If you no longer wish to receive communications from Accurity simply email unsubscribe@AccurityValuation.com
“

End quotes

I usually try hard to avoid personal criticisms, but THIS is (apparently) how our competition is doing lower cost appraisals these days. Unbelievable.

Nope, only appraisers themselves can achieve that goal.  I’m still doing FHA, no problem.  I mean, it’s more headache, and I’m raking absolute 450 minimum, often bouncing to 600+ for tougher work, but FHA is still on the menu.  I’ve been putting in so much extra effort for so long, the renewed requirements are not very different than what I’ve been doing anyways.  Some extra great tips;  more photos.  Photo main sewer stack couplings, photo ceiling utility room attachments, photo main I bar, photo pylon bases if visible, photo surrounding concrete permiter, photo trims gutters, design features.  My goal for FHA is to provide around 100 photos of subject per report.  Still would greately appreciate not having to behave like a home inspector though.  Appraisers should be furnished an FHA approved home inspection report for every FHA appraisal, sale and refinance.  And this should definitely be something much more detailed than the HUD REO 1 page home inspection report, because that is simply too minimal.  FNMA and HUD should team up and create a home inspection form and make that a requirement for every unit before an appraiser shows up, and require that to be furnished to the appraiser.  I’d bet they spend their time putting in even more UAD lines before accomplishing a more logical goal like increasing the safeguards to borrowers through required home inspections and corrections pre-valuation consideration.

More work for same pay makes appraisers run away!

I have my running shoes on already……

http://www.appraisalbuzz.com

It’s the second story that will show in their photo slider.

Title: “The Forming Of An AMC Coalition”.

got a link to something specific?

They rarely have anything worth reading but they’ve decided throw salt in your wounds over the weekend appraisers.  Feel free to blast the author like I did.

NO THANKS is the correct answer. If enough of us say that maybe then someone will listen to us appraisers. Doubt it!

Maryland too. Glad I’m licensed in more than one state. I’d be losing money if I work for that amount. Won’t do it!

At that rate you’ll be able to make more money prepping and painting the front and rear doors of homes than appraisers make in a 10 hour work day (plus you’ll have 6 hours of free time on your hands each day).  Hire college kids to do the work and you can vacation every day for the rest of your life while making more than you would have as a 12 hour per day working appraiser.

Sherwin Williams may see a run on paint and rollers tomorrow Bubba.

the painting continues…

Totally agree with you. It’s insane. In Atlanta there are appraised doing 1004 work for $250 bucks with an REO addendum. It’s so sad

all the education, nonsense and liability we have to deal with, and we are allowing ourselves to get paid WHAT?

excuse me while i go to the store. i need to go pick up a paint roller and a bag of mortar.

the bleeding continues . . . . .

Rick an MLS that routinely permits erroneous data to be reported without sanctioning the agents reporting it, is thirty years behind the times. They do not do themselves a good service.

We have some out here in Southern California that still allow outright lies to be reported, but they are few and generally far between. MOST mls data provided tends to be accurate with respect to pricing. Most are also responsive to complaints filed about bad data. If your boards are not responsive, how about complaining to the National Association of Realtors? Even if Texas agents don’t care about mls integrity, NAR does.

I just received a call from my AMC asking me to draft a letter for fee increases to their lenders. They are raising THEIR fee from $450 to $600 for FHA work (probably); but they have (wrongly) been told by their main lender that under the new TURD (TRID) they are unable to charge for reinspections. I pointed out this is either simply an error in their lenders perceptions or an outright lie. TURD DOES allow for changes to fees based on “changed conditions”, however disreputable lenders wont want to have to go back out and get new GFEs signed by borrowers because that gives them an extra loan cancelation loophole so they’ll act like no changes are allowed.

I’ve told him I probably won’t do FHA work for less than $750; and even then only after I take the course. Maybe I’ll decide then to do it for $650 but never for $450. I have to wonder how many of his regular appraiser panelists will take this on for continued low fees?

By the way does anyone else see the specific contradictions in FHAs instructions as outlined by Mr. Jorgensen? One sentence says we aren’t responsible for certifying as to adequacy for anything, and the very next line it cites HUD verbiage that implies we are! Also, we are NOW placed in the position of 203K appraisers where WE have to estimate every single cost to cure item? Really?

I think the time burden will be an EXTRA two hours for each appraisal. Obviously Mr. Jorgensen disagrees; but no reasonable person truly believes it will only be “slightly” longer. I don’t know about you folks but if one book is over 425 pages and the other is over 117.  That is a LOT of detail to be memorized. I can see half an hour to an hour of cross referencing & double checking rules alone for each report. At least initially.

Oh, did I forget that we will also have a NEW form to fill out?

I think RA will probably get his ‘boycott’ finally. Not by choice, but simply by default. I don’t see a great rush to join the ranks as FHA appraisers anymore for the ridiculously low fees being offered. Maybe that will be a good thing.