Agreed !!
Seems like complete insanity
But, feels like they are looking for excuses to blame Appraisers so they will just say we’re too dumb and lazy like they always do.
“These stoopid Appraisers don’t want to pay us for the privilege of doing the work of providing us free data – F em. “

Sounds like just another reason to find human appraiser elimination. Interestingly, it’s perfectly in line with fear mongering that of course drives change.

Music to their ears. Their master plan is working. I, myself, retired after 40 years of battling the never ending assault on my profession. Until there is unity, nothing will change. Alas, the opportunities have dissapeared and it may be too late anyway.

https://www.doddfrankupdate.com/dfu/articlesdfu/lender-says-uad-rollout-could-paralyze-the-mortgag-98176.aspx?utm_source=enews&utm_orlocation=sty2

You forgot the federal reserve and fractional lending argument though. Ignoring the moral hazard of the banking structure, does not excuse the banking structures failures. Where did the excess money that caused the bubble come from in the first place?

https://www.youtube.com/watch?v=6nc2HoQmf84

“you do not really understand the concept of banking.”

Sue Louisignau While there are those that subscribe to your assertions, the counter to that argument reflects that mainstream economists, former regulators (including former Federal Reserve Chairman Ben Bernanke), and financial analysts argue that the crisis would have occurred even if Glass-Steagall had remained fully intact:

Pure Investment Banks Collapsed First: The primary institutions that triggered the crisis—Lehman Brothers, Bear Stearns, and Merrill Lynch—were pure investment banks. They never merged with commercial banks and did not take retail deposits; therefore, their operations were completely legal under the original Glass-Steagall rules.

Pure Commercial Banks Also Failed: Large lenders like Washington Mutual and IndyMac failed primarily due to traditional bad lending practices—issuing poor-quality mortgages—rather than investment banking activities.The Role of Non-Bank Institutions: Non-bank entities like AIG (an insurance giant) and mortgage originators like Countrywide Financial were central to the crisis. Glass-Steagall never regulated these sectors.

The Global Counterargument: Many European nations (such as the UK, Germany, and Switzerland) never had a Glass-Steagall equivalent and allowed universal banking for decades. Yet, their banks faced similar systemic collapses, suggesting the root cause was a global housing bubble and flawed risk models, not bank structure.

Now you have the rest of the story …..

Sue Louisignau Agreed! Not worth the hassle of the hassle if this software debacle.

Thank you.

Bait meet the hook. jpg version. Don’t forget to work with amc’s for maximized benefit on the way out.

One likes to believe
In the freedom of music
But glittering prizes
And endless compromises
Shatter the illusion
Of integrity

The system has been modernized. For the benefit of big lending and amc companies. Just not for independent small business appraisers. We’re being ‘modernized’ out of existence. Consumers will be thrilled to learn the new modernized lending systems put them at an even greater financial risk and economic uncertainty in the near future.

what steps did you take to handle that? That is a hot mess. Please blast this info (assuming true) and call him out on it publicly.