Such reports as advertised, would NOT comply with SR 1 (or 2 for that matter). Reread the introduction / explanation IF the appraiser finds (purported) ‘BPO’ inspection data helpful WONDERFUL! But whether you do or not, you are required to conform to SR1. And all for $25 to $100!

Every single one I’ve reviewed falls far short of any degree of credibility or compliance. Think abut that. Tossing your license away for under $100 bucks.

Anyone that does these is a damned fool that is also destroying their own profession. No exceptions.

Not surprisingly, the variable avm range is $80k on a $540k to $620k property. Or whatever, numbers. 15 percent non confidence score is pretty good for corelogic products.

pg 39. # of homes for sale; 150. Low $:65k. High$: 2m. Sure! Thanks for all the hard work, I’ll take it from here.

pg 46; “land price”. For an already built property… Oh yeah, that’s a bpo you can rely on.

Hybrids; the blind leading the stupid. The initial premise is what gets me, gain competency from the realty agent. Um, newsflash; wrong direction on that one. The hubris of these companies is shocking, those poor appraisers they just need some help.

“There is some room to negotiate the fee” The primary question is of course; How much is the lender paying for this service? It’s obviously a pay to play approach. Cost savings from reduced costs of appraisal services will not be returned to borrowing consumers. Thanks for playing.

Start marketing to buyers and sellers who have been taken advantage of and suffered loss do to the use of an inherently deficient “appraisal product”.

They can sue their lender; their loan officer, their agent(s) or even sellers in lieu of when they now sue us. Can also market directly to trial attorneys.

Make form letters and follow all new recorded trust deeds in your market area each day.

1. Were you over charged for an appraisal? Pad $650 for an appraisal only to find a waiver was used, or a hybrid desktop alternative costing only $50 was paid for?

2. Was you property over or undervalued affecting your sale price, cash out, rate of interest, or  requirements for Mortgage Insurance?

3. Did you pay to much,or sell too low as a result of reliance on one of these misrepresented ‘valuation’ products?

4. When you appealed the low value, were you given a fair hearing or alternative valuation options?

Haven’t given all the possibilities a lot of thought yet, but Im guessing $1,000 to $1,500 fees may not be out of line; plus  subsequent expert witness fees.

Bob, that’s actually the most honest description of these products.

Readers should also view http://www.clarocityvs.com/

WATCH the “News”  banner that updates as viewed, and read about ALL the new contracts they claim they’ve signed with federal agencies, some of top ten credit unions, and ESPECIALLY Ernie Durbins UBER analogy.

Much like Uber, Clarocity’s complete disregard for existing rules enable it to also profit at the expense of professionals and others that abide by established professional guidelines.

No Earnie, the electronic equivalent of horse manure that your firm is specializing in are NOT ‘appraisals that simply have a different scope of work.’

Yet one more reason the Appraisal Foundation needs to be disbanded. Charged by Congress to preserve the public trust, they have virtually destroyed any semblance of trust in the appraisal process among the public.

Of course, just like UBER, those that choose to ignore laws have great opportunities for profit.

Well with us the American public bailing them out why wouldn’t they.

Forget fast, it’s simply CHEAP, PASS…

And more money in their pockets.

10 thumbs up on that comment and I’m sure every AMC is following this blog.

No thanks!

I also think the amount of cognitive demand is underestimated. I’d rather work on one really hard file than do 10 easy files in one day. Suits my neural architecture much better…