The great one, “Dustin Harris”, has claimed in the past to have done 4 to 9 traditional appraisals a day.

Seek the truth.

Why measure when you can use the tax records sketch???

Don’t the big players in this industry always do that? They don’t care because their profits are always much larger than any of the ramifications. But us we’ll be crushed, that’s exactly why I won’t do these.

Remember all the loan mods for people that claimed they were taken advantage of by unscrupulous lenders? Whether for sales or refis they would be an easy market to contact direct by appraisers marketing ‘appraisal reviews for from $500 to $1,000+- I think. Throw in expert witness fees of $300 to $600 per hour depending on your market area  and there may be entirely new users of good, quality appraisals and appraisal reviews.

I think I am going to avoid the rush and start making marketing efforts in that direction now….now where is that Georgia hybrid appraisal sample again?

Maybe it’s time for a second webpage promoting hybrid field reviews and desk reviews.

Anna, that’s an example of the BETTER inspectors they are targeting. Some areas (Seattle recently) just run ads for “Photo takers-no experience necessary. We train in half a day.”

There is NO reason or justification for a so called hybrid EXCEPT TO MISLEAD INVESTORS. IF it were otherwise, they would not use words like appraisal or neighborhood market conditions or anything other than saying “This is a desk appraisal with no verified data or meaningful analyses of quantified market perceptions.”

Perfectly said !!!

You will NEVER average 5 a week !

Probably time to bring in some sales agents to this board, or we go over there and cross link articles, etc. A bpo, without the price opinion, used in lieu of an appraisers services for federally related lending, what could go wrong? That’s a brave new frontier for agent practice, and they should see if their insurers cover a sales agent performing appraisal inspection practice. Questions that need answered.

However, I think you guys are being overly optimistic. The initial roll out is dressed up nicely. In the very near future these companies will off load the realty agents and go with insurance grade day labor inspection services instead. This past weeks vacap article says they discovered a 5-8 dollar per inspection fee rate or something close to that.

This is about control and profit, hybrids are not meant to help anyone. They are being implemented as another clever way to sidestep regulation and place the burden of irresponsible lending risk on taxpayers while simultaneously increasing lenders profits and loan capture rates, further eroding what’s left of checks and balances systems.

Geez Anna, I will do 5 inspections a day for $75.00 each, 5 days a week. That’s 93,750 a year and I don’t have to sign my name to a report. All I have to do is measure and ask some simple questions and take a few photos. Wow, no stress, liability, aggravation and my only expense is gas and time. This would be a part time job compared to the number of hours I work now. Depending on where they are located. Its incredible, these companies are willing to pay a inexperienced person more than the appraiser gets for writing and signing his or her name to the report. This just shows what these companies think of the appraiser. Why not hire Bob down the street. Train him to measure, take photos and teach him what to look for and what questions to ask and keep $25.00 for yourself of every inspection he/she completes. Thus, if appraisers never completes one of these hybrid products for the lender. Then we would be stealing from them instead of the other way around.

Thats exactly and those accepting these assignments need to realize this

On Sept 14 she texted this to me “Hi Anna. How is your vacation going? A quick question for you. A company is asking me if I would be interested in doing mini appraisal/inspection reports for them for $75. It includes pictures, measurements, and some questions. $75 sounds too little to me. What do you think?”

I never responded (bad on me but she would have been caught in my crosshairs through no fault of her own.) However, this Realtor asks me questions all the time ranging from what design a house is (rambler, colonial… nothing extravagant) to, does the Home Warranty cover basement water leak.

This is an example of who they are targeting and not even she thinks she would be making enough and her license isn’t even on the line!

The NUDE models in this county unionized as they were paid horrible low and forced to stand in positions for hours with out a break and in cold school basements…why cold ? Because it was better for the paints to be cold. They unionized for better working conditions, breaks and fare pay !!!! And WE appraisers have not….crazy !!!