Thank you guys for your hard work. On that note…

Financial Institutions Reform, Recovery, and Enforcement Act of 1989

It does not regulate appraisers OR MANAGEMENT COMPANIES themselves, but does so indirectly such that if the ASC finds that a particular state’s appraiser OR AMC regulation and certification program is inadequate, then under the banking agencies’ regulations all appraisers AND AMC’s OPERATING in that state are no longer eligible to do appraisals OR PROVIDE MANAGEMENT SERVICES for depository institutions.

I have personally updated FIRREA. Take notes. I’m here on the sweep clean platform.

Reduced costs of services should be returned to the borrowing consumer, not to be used as an incentive, providing a greater thing of value to be the preferred selectee. Mortgage lending is the backbone of this industry, if mortgage lending falls… I’m in it for the regular most vulnerable of lending participator, the regular consumer. Every appraiser worth his salt should be actively helping to protect consumers by way of advocating for fair mortgage lending engagement industry wide. I’m very happy appraisers have reinvigorated their networking approaches. Dare to believe that consumer protection will one day be our primary focus once again.

One aside from the Fest…Mr. Jim Parks of ASC advises that in most of the quarterly PUBLIC meetings of the ASC, NOT ONE appraiser has been showing up. You know who does show up? …AMCs.

ALL D.C., Maryland and Virginia appraisers, please go to the ASC website and see when the public meetings are held and learn the minor security compliance procedures necessary to attend. I’m told they aren’t cumbersome. AGA will be attending, but so too should VaCAP, and all area appraisers. Send 25 to 50 appraisers per meeting and we will have an impact. Be sure to introduce yourselves to ASC Executive DIrector Jim Park. He’s a nice guy and easy to talk to. My personal take away is that he truly cares about appraiser professionalism & independence.

Appraisers must protect themselves first. Consumers, lenders, etc., will then have greater protection. Appraisers must be held liable (responsible) for the stuff they write, the form report can not be an excuse, the conclusions made in the report must reflect the situation, such as a property unqualified for the loan, etc..

An appraiser can help protect a lender if he is free to charge a fair fee and charge appropriately. Competition of fee’s was once frowned upon by the institute have we come to a turn-a-bout.

This way about appraisers re-connecting with other appraisers. I cannot wait for the next one, but in the meantime, appraisers don’t stop now. Check your local area for events that impact appraisers like NAR events, AARO, MBA etc. Make sure you let other appraisers know about them and make plans to attend and let your voice be heard. #GetInvolved.

Last by not least, Join your local state coalition. If your state does not have one reach out and let us help you get one started in your state. If your state does have a coalition is that coalition a member of the Network of Appraisal Organizations? If not send me a message and let me tell you how your state can get involved.