I get them sent to me by other appraisers. I haven’t made a secret of the fact that I contend ALL are fraud inducements by their very design…without exception.

I keep asking for JUST ONE bifurcated hybrid report copy that is truly USPAP compliant. So far no joy!

It’s a non issue.

Amc fee bidding is a pay to play environment because costs savings are not returned to borrowing consumers. The appraiser who quotes the lowest fee is providing a thing of value and financial incentive to be the preferred selectee. Informing telecom workers they’re facilitating institutionalized fraud against consumers has the expected effect where they turn around and question the ethics of their own management instead.

Landed on a new direct panel last month for one of those big deal volume lenders. Every single order management clerk carries an active appraisers license. What great people to work with.

related; I spoke at length with an assessors appraiser the other day about data inconsistency with one particular property. I learned something new, that the particular assessor kept a track record of all publicly relayed data, and for some records, they corrected data at a later date due to some problems with data management from before systems updating. Over a 10 year period after this certain county was formed and took in data from multiple other counties for lands they acquired, they had re issued data for select properties via data clean up efforts 7 total times. It’s important to understand that data aggregators scrape data from one singular moment in time, or sporadically thereafter and are not getting real time updates from all data systems at once. In certain scenarios like I dealt with, one can determine at what point data inconsistency occurred, because the assessor themselves may have a record of when that inaccurate data was corrected and the public record corrected. That information is available with zero data aggregators and only available via manual research at the county seat directly.

Great positive feedback

Fair. Thank you. I concede the point and apologize. Still though, I had previously taken the time to respond to nearly every single amc solicitation over a many year period, with logic and modeling consultation. Sanity has returned to my small one man office and I only rarely receive amc requests. It remains a fact that the majority of appraisers complaining about amc’s do so because they are still actively and willingly engaged with them. 

“1004p? is that an approved FNMA form?” Regardless of how many amc persons I educated, all I accomplished was enlightening them individually and subsequently a new person was installed in their place shortly after. Once management learns how effective I am at actually educating their telecom workers on real estate ethic, they make a point of making sure those workers are not in contact with me in the future.

Baggins, I ask myself the same question and came out with a much more positive take. I figured they must be having a hard time finding a competent appraiser to do this kind of work!!!! So they’re contacting whoever they can find!! Maybe rejecting this kind of work is starting to have an effect???? The fight for your career is going to take a group effort and diplomacy – not attacks on your peers!

Pepsi challenge. List the lenders whom you find appealing when dealing with VA loans, that also apply similar standards of equality and fairness when dealing with non VA loans. You might want to hold off on accolades and praises to lenders whom issue VA loans but do not offer equivalent benefit to non veteran consumers and non VA panel appraisers.

Think about what they’re doing on that side of the desk. The lenders know full well how they’d better behave when dealing with VA loans. They do not apply that same standard of ethic when dealing with non veterans and non VA appraisers. The difference between lending approaches between VA and regular GSE lending is perhaps the best available illustration of systemic corruption and failure to provide ethical engagement as a standard rule, within the mortgage lending community. Not one senior lender agent or their processors were able to answer basic questions why they did not utilize similar engagement protocol outside of VA lending channels.

How does one get amc requests for proprietary amc patented short forms which are not FNMA forms, if they’re not being contacted by amc’s?

I’m not giving up my career without a fight. I will accept no quarter and no apologies from those whom continue to sell everyone down the river so they can land the next amc order. Nobody gets a free pass.

I do not work for AMC’s, I did for a couple months, and I was lucky enough to be put on the VA panel, I will never work for another AMC again. The VA system, with whomever they institute it with, is the way to go for our profession, it’s the only way to go for our profession, nothing has changed over the last 10 years and it’s gotten worse. And will continue to get worse, now that the volume has slowed up.

Baggins, I don’t work for AMC’s, just pointing out a fact. Your combative, elitist attitude is part of the problem. “All for one, and one for all”.

ACI Sky, Amrock And The 1004p

TruthBTold. All that big talk, and still working for amc’s. Remarkable. Some people never learn.

All in the AMC’s pocket !!!

It’s worse now Koma. Corelamode reports BOTH the mls claimed size and their own country recorder based public record of size in their own Realist Reports so that it is impossible to simply report the correct size.

NOW you must explain the incorrect size citation as well as the correct one. Just for fun, in California, this past week I’m seeing nothing but “SF” where it used to show LA SF…and agents are including covered outdoor ‘living rooms’, finished basements, and even detached rec rooms or guest houses in the base “SF” which we used to know meant Living Area. Now we can’t tell what the hell it is!

Great job FNMA!

Ooh, Ooh I got another one… Client came back with a revision on a report because my public records info. on site size did not match theirs. My reports state that my PR info comes from the state assessor/county clerk (deed+plat)/county sheriff tax office and a few others. Theirs RealQuest (CoreLogic). I said Come On REALLY! (in my head) I did say please take a look at the copy of the plat I have enclosed in the report. Reply was Oh we did not see that.

Junk in Junk Out!

I just completed an sfr appraisal for a non-cash charitable donation. 3,751 sf per public records AND original mls house floor plan brochure from the builder. Owner paid $1.7 about 10 months ago. I appraised all 3,347 SF of GLA at $1.6 in a rising market. GBA of 3751 sf could be correct if it were looked at like a commercial building with ALL area included, however, that is not the historic custom here where LIVING area used to be the metric.

Mow mls is no longer saying ‘living area’ merely ‘SF”. Corelogic Request no longer reliably reporting consistent GLA as opposed to GBA. It’s a best guess game now. …and they think AVMs can tell the difference???

I guess if you just call it “SF” from now on, agents can never be wrong?

One of my clients want the property public record enclosed in the report. They have no idea how to dissect my coverage area public records so could you imagine the questions asking me why my information is not exactly as it appears on the public record. One example is the PR shows the GBA not the GLA (without a breakdown) just to give you an idea. Hell we have RE agents that have been in the market for years that still don’t understand some of the info. I just tell them no that the information is located in my workfile and if that’s not satisfactory then use someone else.

Sorry didn’t mean to get off topic.

DGB