i’ll join the class action…

Damn straight!

Various realty firms also pick and choose avm’s selectively. They purposefully may choose one or the other avm, based on the avm’s known characteristics. Some are better for landing customers with higher up front numbers. Other avm’s are better for buyers agency side, as they show more realistic if not lower price more conservative figures. I talked at length to a few realty agents about what avm’s they use and why. They have group meetings and drop and pick up different avm’s which suit their business needs all the time. Avm’s are a shell game, a product specifically created for marketing purposes. They are not an acceptable substitute for a human appraiser.

Yeah, I “need” to do a lot of things, as in retraining in another field in which I don’t have to put up with this and in which I can make much more money, which I’m currently doing. Yeah, I know there are many special appraisers out there who don’t see a problem with anything. Once I do, it’ll be nothing but a cloud of dust and a hearty “Hi yo, Silver” …

Perhaps X owned by “Nut Job Mollusk” will compensate you can sleep at night. Praying hard that you regain your sanity.

Bwahahahahahahahahahaha …

Should’a, would’a, could’a …

Nothing personal.

“Are we now living in a world where even measured, legitimate critique of certain corporate entities is being actively censored on major social media platforms?”

You already know the answer to that question. Facebook has exposed its leftist agenda over and over and over, thousands of times.

Please write your letter today.
https://www.regulations.gov/document/CFPB-2024-0021-0001

Another thing is some lenders use AVMs. An AVM does not go through an AMC. Some lenders also use in house appraisals, hybrids. They also don’t go through AMCs. I realize that appraisal waivers are legal but it circumvents the use of AMCs. The lender is doing the appraisal. There is the possibility that the appraisal will be favorable to the lender as they control it. There is no appraiser independence because there is no appraiser. The appraisal is just a loan underwriting service.

The original purpose of the 2010 Dodd-Frank Act was appraiser/appraisal independence besides other issues. If lenders can own and control the AMC, there is no independence or undue influence on the appraiser. If lenders can use in house AVMs and appraisals, there goes appraisal independence because there’s no independent appraiser. I’m sure that’s why lenders are now their own AMC and use AVMs, in house appraisals. If you get rid of the independent appraiser/appraisal, you can control the deal, loan and the profits. We’re in essence back to where we were before the Dodd-Frank Act.

Actually Dave, the AI is more focused on residential appraisers now more than ever. As an SRA designated member, I get a couple calls a month for projected assignments just because of my designation, which is up from years past. Also not sure about your reference to 100+ page narrative reports and how that relates to residential appraising. The last residential narrative report I completed was my SRA demonstration report over 30 years ago…while narrative reports are still typical in the commercial world, they never have been in the residential world. Having said that, most of my form appraisals exceed 40 pages, but that is not AI related.

Keep spreading it

https://www.corelogic.com/press-releases/corelogic-completes-appraisal-management-company-transformation/#
That’s called the insider track.

Reggora has held an AMC license for years. They operate as “Appraisal Marketplace, LLC.”

Good to know. Thank you for the clarification!

RE Appraisers Forum is on FB, FB blocked it, not them. I shared your FB post there and it went through. Would seem FB has flagged this article. They will let it slide but they are surely slowing down the spread.

The CFPB call for appraiser whistle blowers to disclose amc billing fraud does not make sense. All they need to do is audit the amc industries billing records, as well as the lenders whom use amc’s for ordering appraisals.

Every amc company. Every single time. For the past fifteen years. For over 80% of all appraisal work which has gone through GSE servicing. For the entire country. The data could not be any more readily available in sufficient quantity.

Please allow me to help you simplify the process. What’s your fee and turn time? How much was the consumer charged? You need to bid on this order for a chance to be assigned the order. I only work with companies whom assign the order directly to me and me alone at a reasonable standard and consistent billing rate.

Because when you get lender clients whom operate that way, so many of those other problems you’re dealing with become few and far between. Fifteen years handling over 80% of all mortgage lending appraisal requests for this entire country, and they still can’t figure out a standard service rate for the amc side or the appraisers side. The amc industry appears to be in competition with the government for setting new records for long term operational incompetence.

It’s troubling to think that a forum ostensibly meant to serve and support appraisers would actively suppress content that aims to shed light on the predatory tactics of AMCs – the very entities that have long been accused of unfairly driving down fees, imposing unrealistic deadlines, and interfering with appraisers’ ability to do their jobs with integrity. This censorship seems to indicate that the forum may have been compromised or unduly influenced by AMCs. This is a troubling sign of the times, where even the appraisers forum appears to be bowing to the interests of powerful corporate entities rather than serving as a voice for the hardworking professionals they are meant to represent.