Comments on: Proposed Rule to Eliminate C&R Fee Tabled

By: Tony

Tony — Wed, 03 Aug 2022 19:16:59 +0000

Lenders don’t care what the property is worth. Period. Just like automobile loans, they only care if the borrower will pay them back. Once you accept this, everything makes sense. Most lenders only get appraisals because they are required to by regulation. The C&R regualtions are a joke, the major lenders just trot out their attorneys and define C&R to suit their needs. The current situation will never improve, and in fact will get worse for individual fee appraisers. Just like you, it took me a while to accept this, I fought it tooth and nail making many of the same arguments. Once I came to terms with reality, I left the business for Mass Appraisal work. My mental health has greatly improved.

By: Andre

Andre — Sat, 30 Jul 2022 17:24:03 +0000

The C& R law should stay. But, lets be realistic, its not like it does anything to begin with. In my area, AMCs simply provide work to the lowest bidder and that is their definition of C&R. I left appraisal 2 months ago after 15 years. AMC model has decimated fees in an industry that only cares about fee, not quality.

By: Shawn Prince

Shawn Prince — Thu, 21 Jul 2022 21:13:31 +0000

Mark maybe you not Phil? I know you two have history. No stepping on toes. I would pay you for your time to represent appraisers. As Noone else does. Why do i not see Ansi Problems being written about? Literally i have multiple reviewers from same lending institution telling me to disregard the other reviewer’s review stipulation message about ansi as they lending institutions where not ready for ansi. I was at house today being marketing and sold as a 2 bedroom home. Per ansi standard it doesn’t even have 1 bedroom. I asked agent if he know what ansi meant. And he did not. and he is an established reputable agent which is due diligent. And he doesn’t even know what ansi is? I’m in new jersey Mark. 24 counties. how many mls services in 24 counties. Bright mls sued to have their counties covered public data go dark. Verify data? how? wait. Now you need two paid services both owned by same parent company to verify parent company not wrong. Does uspap care or know this or they only care about verbiage standard such as this that and what and how. Do they understand public data appraisal resources are being darked out? by paid service providers. But uspap states verify data. From where. Wait pay for it. If one parent company owns all data providers therefore taking out other data sources to remove the ability to show their data is not correct. Well it leaves us in today’s appraisal world. Paid Fabrication. I pay Phil back via annual directory listing fee as all appraisers should for his loss at appraiser fest. I would do same for you. I’m guessing other appraisers which witnessed the last 20 years will do the same.

By: Jeanie

Jeanie — Thu, 21 Jul 2022 20:46:27 +0000

Thank you Mark. Well done!

By: PJTMC

PJTMC — Thu, 21 Jul 2022 17:20:14 +0000

I hope all appraisers understand the lengths you are going to, protecting their livelihood. Interesting to note is you were the only appraiser at the meeting. I’m an old dog in this industry (37 years) and am qualified to say there is definitely something about this profession that is troubling….always a lot of smoke (in the blogs) but never any fire within this brotherhood. Thank you for your actions on behalf of the profession and public.

By: IMJSAYN

IMJSAYN — Thu, 21 Jul 2022 16:14:22 +0000

Great job Mark!! Hopefully they’ll come to their senses and keep the law.

By: Jason

Jason — Thu, 21 Jul 2022 15:43:21 +0000

Kudos Mark!

By: Pat Turner

Pat Turner — Thu, 21 Jul 2022 14:02:26 +0000

Well done good and faithful servant!!
Please keep up the good work and know you are representing thousands of people…..the public as well as appraisers.