https://appraisersblogs.com/canadian-banks-will-exploit-gutted-u-s-mortgage-underwriting

Appraisal modernization has been tippy from the start.

Fannie modernization reminds me of that Swamp People episode where Big Tee came within a literal inch of a gator chomping his gonads off. He leaned far forward and pulled straight up on the taught line, the entire rear side of the boat lifted off the water, he nearly went over while the gator came straight up. Some bright ideas for how to handle complex tasks are better than others. Mr Jimmy although standing immediately next to Tee, would not have been able to save him. The sound of those jaws snapping, I actually spilled my beer.

Better luck next time.

That was one of the weirdest responses that I’ve read in years. Actually I was baiting you for one of those 25 page responses. 😉

What planet is this? Retired, just because you are paranoid does not mean they are not after you.

When I entered a figure over 1,000 dollars for the ‘what was your client charged’ question, the survey kicked back an invalid format response. First I tried a billion, than a million, then a thousand, and had to go a dollar shy to pass through. They provided the cert res option, but then did not provide question n/a’s or such for appraisers.

This was one of my answers, and otherwise I also included as many links to a few articles on this website in the other free writing blocks. Hopefully they’ll be more skilled at clicking web links and reading details than some here.

‘Prohibit the process. Only appraisers should inspect for valuation services, therefore there is no need for training or licensing of third party ‘data collectors’. If they want to provide valuation services in any capacity, they should hold appraisers licenses.’

It’s quite possible that the people at NAR are hopeless advocates and are not adequately informed on the issues. At this point it’s irrelevant to even have a gender question, companies should just remove that entirely.

In the earlier 1950’s my boss’s company had pre-verified sales info from contradicting sources. Both the FBI and the Justice department had independently verified all the recorded information from the neighborhood.

How could our little eight man office NOT. We had to do a superior job, regardless of the competence of the government agencies, we had to dig because our reputation was at stake.

When we called the principles were very attentive and told of the previous inquires.

“Dumbest idea I have ever encountered in this industry.”

I agree, and really saying something considering the US Government is supposedly protecting it’s citizens. Oh, and that FNMA thinks they know how to design an appraisal form.

NAR is never going to take a stand on this issue. They are posturing. They simply want to say they “were trying”.

In the boating world there are signals to alert other vessels. The appraisal industry is basically in a Red over Red situation. NAR doesn’t know what is going on, FNMA thinks they do know what is going on, AMCs are thinking, ‘damn… we’re loving this’.

“Red Over Red The Boat is Dead: Two red lights one on top of the other indicates the boat is unable to follow any standard rules of the road. It should be avoided. They will not be able to avoid you. Other mnemonics for this are Red Over Red the Captain is Dead. Also the less grim Red Over Red Captain’s in Bed. And finally Red Over Red Captain’s in the Head. The boat is either not under command or not able to follow the rules of the road.”

You will ALWAYS have appraisers drawn to this dangerous dead vessel. They will extoll it’s immediate gratifications and potentials as though in their small way somehow able to help right the ship.

That’s life in the big city. Always has been, Always will be.

Gladly you recognize it for what it is.

Kinda hard to do the way the questions are worded. Plus not a single “Other Comments” offering.