Agreed!

Government should have left the free market work and put the criminals in jail in 2008/2009/2010. Instead they shafted appraisers again after we were the ones shouting from the rooftops of the crimes occurring.

I got fed up with complaining, fed up with trying to turn the ship and left fee appraising in 2019.

Viva Dead Profession!

Didn’t Fannie get 50 million from the Feds for this (minorities only)? Why don’t they purchase 100 appraisal companies with a 2 year training from seller and give them to trainees? Mine is for sale!

Excellent training and educational program suggestion. Leave all the students completely unprepared for the real world scenarios ahead of them.

That’s next level but many do not want to go that route. How insulated are appraisers whom opted out of GSE work, as if the events in ML will not eventually pervade other operational segments? As the pace quickens.

I no longer accept AMC or Direct Lender Assignments for Residential or C&I either.

Name 1 HUD-1 that states the fee paid to the AMC?? Truth in Lending? Nope. The AMC business model IS relevant in the demise of the industry and defrauding consumers of Appraisal products. But that’s just my opinion, I could be wrong

Name one state required class that talks about AMC?. Name one question on the state exam that the answer is AMC? Name one standard in USPAP that mentioned AMC? A discussion about AMCs in training new appraisers to get a license IS irrelevant. Please stop. We get it. You hate AMCs.

The radical changes the amc industry has wrought now basically requires us to shed about 40,000 appraisers if there is to be sustainable income. So yeah, it’s a relevant issue, siphoning billions of dollars from an industry which decimates the ranks of licensed personnel count. Next up is the AI’s support of an avm certification program to meet regulatory ‘appraisal’ requirements. No human or license will be necessary. This causes more harm and is not beneficial to the public in an over all risk vs reward analysis. Arguments dismissing legal principals don’t hold water. Lending regulation is there to protect the public, and was never intended as self asking regulation to monopolize the lending market. The AI and TAF were certainly never intended to be advocates for lenders or ancillary companies monopolization of the valuations industry.

https://en.wikipedia.org/wiki/Sherman_Antitrust_Act
https://en.wikipedia.org/wiki/Restraint_of_trade
For example, even if a restraint is necessary and ancillary, within the meaning of the Mitchel and Addyston Pipe cases, it may still be an unreasonable restraint of trade if its anticompetitive effects and consequent harm to the public interest outweigh its benefits. Thus, Judge Ginsburg opined in the Polygram case: If the only way a new product can be profitably introduced is to restrain the legitimate competition of older products, then one must seriously wonder whether consumers are genuinely benefited by the new product.[15]

I hear ya bro. No more training for me and driving a 2008 Honda Accord. But somehow the problem to get new appraisers licensed is placed on us. Name another field that does this?

Hmmm, before HVCC and DF I had a firm with 4 Certified and 3 trainees working as staff and I helped 3 others get Certified. Since DF and 2009 – it’s just been me and an old car and I cant’ fathom HOW or WHY I would train anyone else and be able to support us both. Pray tell?

We all get it. Baggins hates AMCs. But that has nothing to do with getting you license.

Those are great ideas. What’s going to be difficult though is when the ethics professor and the business systems professor take a hard look at the exploitative practices of the amc industry.

Appraisal 101; How to navigate persistent and state sanctioned restraint of trade in the appraisal industry, and why NOT to work with amc’s.

Hey Yo! Yes! More! Refreshing. I don’t know how the amc people sleep at night, it’s such an unethical predatory business with a sole focus around exploiting people with more qualifications and credentials than them. I’ve talked to hundreds of ex amc workers whom attained better jobs at lenders somewhere or another. Every last one of them says they’re relieved to be out of the amc industry and were simply tired of being asked to push appraisers around. We have no protections. Where is our representation?