Comments on: ASC Call for Comments

By: Baggins

Baggins — Thu, 22 Mar 2018 02:28:25 +0000

In reply to Xpert.

The best part about waivers, lenders are likely to consider them after they’ve already ordered the appraisal. The waiver program just does not jive well with the already overbearing emphasis on unnecessarily fast turn times. Bet your bottom dollar the desk assignment persons will advocate for the loan officers interests in an unrestrained manner. Theft of services to appraisers cost non licensed distribution managers nothing. Upsetting the loan officers and departing from the expected advocacy will cost unlicensed distribution persons everything. Reasons that lenders refuse to hire appropriately qualified persons for those positions. You can tell the better lenders from the predatory ones, predatory lenders refuse to hire actual appraisers for appraisal distribution positions.

By: Baggins

Baggins — Thu, 22 Mar 2018 02:21:44 +0000

Consider the notion that the list of counties effected for waiver programs may be the magic ticket to move there and perhaps actually recreate the days of yore where appraisers could form reliable partnerships, book out for months at a time to actually have reliable income flow, hire help. Then I considered the realities of cost and turn time. I’d have to be 850-1,250 per and at a minimum, 5 a week with 1 or 2 employees. I’d personally set the market standard. However, this is too risky because we all understand by now the lender or amc does not allow the appraiser to set terms in this restrained non competitive environment. The lenders would merely claim the terms are unreasonable. Without any effective auditing of assignment patterns from the past 10 years, with a mountain of verifiable evidence warranting such audits, it’s entirely probable that even if appraisers offered coverage, bypassing that available coverage would be as simple as comparing tat’s and stats against city discounters.

By: Retired Appraiser

Retired Appraiser — Sun, 18 Mar 2018 18:45:46 +0000

My comment to the ASC:

G.F.Y.

By: Robert P.

Robert P. — Fri, 16 Mar 2018 18:36:29 +0000

ASC Special Meeting – April 12, 2018 Tuesday March 06, 2018 The ASC will hold a Special Meeting scheduled for 10:00 a.m. on April 12, 2018, at the Federal Reserve Board facilities at International Square, 1850 K Street NW, Washington, DC. The purpose of this Meeting is to consider the temporary waiver request from TriStar Bank of Dickson, Tennessee. The agenda for the Meeting will be posted here approximately two weeks before the meeting date. If you plan to attend the ASC Meeting in person, we ask that you send an email to meetings@asc.gov. You may register until close of business four business days before the Meeting. You will be contacted by the Federal Reserve Law Enforcement Unit on security requirements. You will also be asked to provide a valid government-issued ID before being admitted to the building.

By: Xpert

Xpert — Wed, 14 Mar 2018 22:30:03 +0000

Had 2 purchase appraisal jobs canceled last week. Both cancellations were due to the lender getting a waiver not requiring an appraisal.

By: socalappraiser

socalappraiser — Wed, 14 Mar 2018 16:12:41 +0000

One of my lenders is already getting appraisal waivers on 90% of their loans.