Get ready to compete with commercial appraisers whom are asking questions about dipping into residential. Which amc would be the best one to contact, etc.

https://www.reddit.com/r/appraisal/comments/1pxwu8m/commercial_appraiser_thinking_of_picking_up/

You guys should really consider spending some time on reddit appraisal group. If you would please. Many bloggers here are also over there.

You know those tools were designed for engineers in challenging environments and were never actually intended to be used to measure peoples interior housing spaces. From an individual home owners perspective. No. We do not want all this granular detail about our home measured reported or that data conveyed to anyone. This is our private space. We did not ask lenders to create a home fingerprint of every single measurable feature of our home then share and monetize that data with third and forth party companies.

We just wanted a mortgage loan. Which we qualified for based on our credit. As long as the home meets minimum property standards for mortgage insurability, that’s really all the data the lender needs, or has any legitimate business regarding. The size. Room counts. Condition. Insurability rating. Land size. Obsolescence or amenity benefit if that information is pertinent. That’s it, nothing more.

There is absolutely no reason what so ever that restb dot ai, corelogic analytical, any AI program out there, third party data processors, or anyone else should be reviewing our homes data the appraiser or any other party in the process provides. Borrowers just want a mortgage loan based on collateral value worth of their property at the time. Nothing more. GLB privacy for consumers is dead, nobody even respects the concept anymore.

And it all starts with some luddite whom does not understand why tech should be appropriately limited in our lives, trolling in with advanced equipment, measuring everything, sharing limitless data with the world, and acting like it’s no big deal. Reminds me of a George Carlin skit about the jerk whom goes literally everywhere with a big camcorder recording every last detail all the time.

What FNMA has done with these policies is forcibly opt everyone in, without providing an opt out for people whom disagree with expanded data gathering and that data being shared and monetized to limitless additional business interests around the world which have nothing to do with mortgage lending. There is no opt out. Because there is no consumer choice. Therefore the vendor can not offer any alternative choices to consumers. GLB violations. Not that anyone cares. Lenders do what they want and have no real oversight, neither to amc’s or any of the other data brokers whom have invaded the mortgage lending space. There is a technical hierarchy tree of regulatory authority on the books. But it’s all for show, nobody enforces anything related to consumer protection or GLB consumer data privacy, and if they do they’re removed from the process immediately.

And, it already irritates the h*ll out of homeowners when we’re there more than fifteen minutes!

BTW, I saw a new tool on the Internet the other day. This is not an ad and I don’t make a penny for bringing it up, but I think it could be extremely helpful to appraisers at times. I don’t have one and they’re too expensive, but I might get one eventually. It’s at moasure.com. Then, there are the Leica Geosystems products which are very expensive, but they might come in handy for any of you guys with large offices. Go to leica.com, click on Leica Geosystems, then scroll to the bottom of that page. On the other hand, I’ve found that the more useful information we give them, the more they argue with us.

In CA there are 7,568 active appraisers (does not mean practicing) which break down as follows.

AG – 2,535
AL – 645
AR – 4,053
AT – 335

Of note, for the county of San Diego they show 13 trainees of which only 6 have a start date in the past 2.5 years. My county is losing 50 appraisers a year (+/- 7%) and with only 6 recent trainee start dates its going to get ugly for the lenders very soon.

Seek the truth.

Can you imagine how incompetent an appraiser will look when they attempt to measure from the floor to the angled vaulted ceiling of every room, door heights, counting windows, asking questions about what broadband services are available, while punching endless information into a tablet, the inspection taking several hours?

One of the other appraisers told me that when he went to a group meeting, half the people there said they’ll quit when the new form becomes a mandate. Do certified general appraisers outnumber certified appraisers yet? They will soon. TAF is definitely going to raise the price of the uspap book.

The powers that be continue to push out those with knowledge and are replacing them with zero experience property inspectors.

Seek the truth.

Not sure I’m going to cheer the communist just to see that guy finally outed. Something had to give eventually. There are news stories indicating possibly a million people, notably many business owners will flee the state soon, from several specific areas. Certain housing markets could crash and that would be quite a story. Texas is right now courting some of them as a ready to go alternative location with more favorable terms.

Check this one out. Another amc went under. Advanced amc. Sounds like they’re just closing the doors and not paying the appraisers. They put out an automated phone message and that’s all she wrote. Frigging hilarious. Retired, you should post in r/appraisal on reddit. That’s where the amc reps and pro amc appraisers are. You’d have a field day. Holy smokes! Call the number, someone please record this for posterity. ‘We regret to inform you we are no longer in business. Appraiser payment information will be forthcoming in the following weeks.’ Can’t make it up. Beautiful. 208-665-7001 / Call the number, listen, then post again if you get a minute.
https://www.advancedamcinc.com/contact-us
https://www.reddit.com/r/appraisal/comments/1olc2j4/advanced_amc/

There are so many decent common jobs without all the risks, that have actual benefits, and without all of the grief. Currently a developer in our town will pay a receptionist $55,000 per year +benefits.

Some are optimistic for the future of appraising, and some are attempting to fight back. But, the real big picture is that the evilness against appraising is so deeply entrenched and will soon totally win the battle.

The mortgage market in general, builders/developers, and real estate world is largely against us and views us as obstacles to their next deal. Residential properties are often a persons single biggest asset. They are willing to pay thousands in listing/selling commissions, hundreds for a home inspection; hundreds+ for title work, some times hundreds+ to attorneys; but foo foo the appraisal. On top of that – way too often the crap level appraisers get the assignments because of low price, quick (low quality)tour over, rubber stamped appraisals. So the few good appraisers barely stand a chance to survive. What honorable person would want to pursue a life competing against too many garbage appraisers; and dealing with most wanting the demise of appraisers in general.

They do. I knew an appraiser about 35-40 years ago who went into a lenders office, demanded to look at his appraisals on file, found many of his appraisals had been whited out and retyped by the lender to “make value”. I’m sure they’d call a SWAT team on him today for doing same. They’ve been using auto pens for decades.

“BUT THE CUSTOMER does not always want (or need) a super duper airtight valuation”

And THAT attitude IS EXACTLY wherein the current problems started.

Sorry, we can’t boycott amc’s twice. 75% of the appraisal industry has refused to work with amc’s for years, maybe a full decade already. Where is the TAF? The ASC? The comptroller? FHFA director? Asleep at the wheel.

What needs to happen is every certified, licensed appraiser/the profession needs to go on strike for an extended period of time. Appraisers are all tired of being exploited, abused, talked down to….etc. For those that work hard and hold themselves to a higher standard, stand up for what’s right, because the current playbook isn’t working for those with the accountability.

As always, well stated.

Corporate greed has been going on a long time, and the only way it was fought in history is with a group of brave people who worked together. For this scale of greed, a large group is needed – not the smaller groups we have now. There are groups who could make a stand such as those noted on the side bar – Appraisers Union, etc., but many of us have been so brow-beaton by this industry, we barely get through our days, or our financial bills.

Some politicians likely have their greedy little paws involved, and it takes a lot of work to fight them. We need a powerful advocate – is there one?