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https://videos.homegenius.com/watch/XLY25JTRbDQ3zXpff8xPGR
Homogeneous is just like the rest of them, exploiting consumers, dismantling a professional appraisal industry, putting tens of thousands of licensed professionals out of work, compromising quality, then slapping meaningless labels such as does not compromise the valuation quality. Much like the disingenuous take that tele health is as good as seeing a doctor in person, the remote inspection hybrid is just as good as full service appraisals.

Imagine this same approach being used for unnecessary middle management companies as well as the fourth party companies like homogeneous. They added so much cost and risk to the process, then claim their products save consumers money on ‘the appraisal’. Meanwhile their total drain in terms of additional process and personnel in the origination world is said by the AARC to tally over 20 billion dollars in unnecessary and arguably fraudulent consumer billing.

Remember; to protect against appraisal bias. Companies and people whom repeat this line are evil villains, willing to sell honest people down the river so they can take an extra dollar for themselves. Liars and con artists operating naked in the open. When the demand for racism exceeds the supply, turn to hybrid appraisals.

I am thinking the same thing – time to move on perhaps.

Cosmic Cobra. From the inside, we have become acclimated to the excess. On the outside, nobody in their right mind bothers to keep up with a 2 year ever changing rule set pertaining to ethical rules which is constantly influenced by outside advocacy rather than ethic itself. 10 years ago? That’s 5 if not 6 books you need to purchase, just for starters. Can you imagine if the rules for drivers licensing, municipal ordinance, taxation, changed as frequently? Well, we’re not that far off but perhaps the appraisal industry is a pioneer in the transparency of the long game result, being a smaller industry where we traced to the inevitable end conclusion sooner than others.

This is a great article to reiterate a complex lesson and more detailed understanding of mortgage markets I constantly try to relate to appraisers, especially the newer ones and amc appraisers whom think of this industry so two dimensionally as if it’s just all about volume, efficiency, and income. The real competition is not with other appraisers, but rather much more substantial and complex forces. The risk factors change with time and economic conditions, and at times may only have loose connections to appraisers work quality. So in good times they don’t look and lackluster methods fly. In volatile times the lid comes off and scrutiny becomes excessive, possibly of no fault of the appraiser. Which is why you should never use outsourced services, typing services, remote inspections, automatic form fills, comps sharing, and especially should never complete hybrids and discounted requests from unscrupulous volume based companies. You see, because when they dip into forensic review seeking to offload the risk, you don’t want to be the easy target. As this article indicates; real money, real events, real risk, real liability. It’s off the back burner now.

“The trend is not going away”… Damned right it’s not. Triple dare you pepsi challenge to show me any counties in this country which have not had a notable uptick in treasurer and pending default filings. Sure, many can cure out as the market has been rising for some time, and they have room to deflate and still come out ahead, but not all. Investors know the margin is shrinking and see the writing on the wall. They’re probably reaching the point where forecasting and projections begin to indicate the possible losses can’t just be written down. As the bubble deflates… Right now this blowback appears random but those privy to CU analysis may be picking the easy fruit just for starters. Hard to say, get a map going and put a pin down every time every place an appraiser gets these letters. Probability of more to come appears rather high. Don’t get caught holding the empty bag because all it takes is one single time.

That’s kind of the problem with being an appraiser these days, lol. Everyone dips into the appraisal fee upstream, even though they’re not providing any valuation services. The damaging effects are widespread, causing a general confidence loss in valuation services which comes from the top down…

Kay, was that Alon Hill? Have any leads on companies similar to them today? I observed one remote out of GA last year but did not grab it in time. If you were referring to forensic review.