StreetLinks - Appraisers Blogs

Appraisers Ditch a la mode

AppraisersBlogs — Fri, 13 Apr 2018 12:30:32 +0000

In 2015, Dave Biggers of a la mode stated: I’ll wrap up by wishing you a happy new year, in spite of all the recent fear mongering, and by thanking you for supporting us with your business. I’m confident that in 2015 you’ll see even more reasons for that loyalty, especially in terms of us continuing in our long-standing role as the independent appraiser’s staunchest advocate, and in being the most innovative, reliable, and accessible technology provider. We look forward to working with — and for — all of you this year. Time and time again, we were assured that...

My Day as an Appraiser Big Corporations like CoreLogic are like sharks... This morning, as I do every morning, I made some coffee and began…
FTC vs Corelogic ...how the agreement between CoreLogic and the FTC from 2014 impacts appraisers... The FTC vs CoreLogic: Why it is important…
Let the Bids Begin! Bid assignments are more often than not awarded to lowest bidders... For the past couple of days, we have been…

The post Appraisers Ditch a la mode appeared on Appraisers Blogs.

New Hybrid Desktop Hucksters

Michael Ford — Thu, 18 Jan 2018 13:30:33 +0000

What could lure these successful 'professionals' from their chosen careers? Fellow appraisers, I just received an advertisement for a company that wants to pay ‘me’ $50.00 an hour to do desktop appraisals. Actually, probably not me, because they prefer a degree. Now, my routine hourly rate for complex appraisal assignments is $150 ($500 for EW and something variable in between for pretty much everything else). So they are asking me to take a cut of 2/3… assuming I could meet their degree requirement “preference”. It got me thinking. I cannot always command my hourly rate for 8 hours a day,...

'Preference Falsification' - Why Licensees Parrot… Preference falsification has resulted in some appraisers parroting talking points they know to be untrue. People who live under authoritarian…
The Great Debate on Appraisal Fees She included several different fee split examples indicating AMCs retained as much as 70 percent of the total appraisal fee…
The Town With No Bank: How Rural America Lost Its… For decades, we’ve been told that the problem is demand. That people don’t want to live in rural America anymore.…

The post New Hybrid Desktop Hucksters appeared on Appraisers Blogs.

Bend Over and Ask for More…

Guest Author — Mon, 22 May 2017 12:30:08 +0000

GUILTY of not using human brain power of thinking and communicating… More Please… How many of you can honestly state with all sincerity the appraiser is better off today with the use of Appraisal Management Companies (AMCs)? How many of you can say with all sincerity the consumer is being protected with the use of an AMC? How many of you can, with all sincerity state your business model is how you want it? How many of you are happy with the current environment of the industry? If you answered yes, congratulations, you have found your peace. You should stop reading...

I Must Apologize; I Got it Wrong... Your employees did not come from Taco Bell, they delivered your pizza! In a recent New York Times article by…
Appraisers Need to Rethink How to Conduct Business AMC apps and text messaging does nothing but promote fast and cheap. Last week we learned of a lawsuit file…
AMCs Are Not Part of The Appraisal Profession Foreign entities do not get a voice in what legislation is introduced... Let's think about this with an open mind...…

The post Bend Over and Ask for More… appeared on Appraisers Blogs.

Vendor Agreement Controversies & Worst AMCs

AppraisersBlogs — Thu, 08 Sep 2016 12:30:27 +0000

AMC Vendor Agreement Controversies – Bad, Worst & Ugly AMCs And the winner is… According to a recent non-scientific survey conducted by AppraiserNews, the World’s Worst AMC Alive is Clear Capital. Honorable Mention goes to Coester VMS and Streetlinks. And the Worst Vampire AMC title goes to AppraiserLoft which is no longer operational. Excerpt: We’d also like to note the passion with which appraisers made their votes, describing the many ways that these AMCs deserved their titles! One final remark: It is sad that so many appraisers still hesitate to go public with their comments about AMCs, (justifiably) fearing that...

What's Wrong with Most Indemnification Clauses in… Objectionable indemnification clauses purport to shift 100% of the liability to individual appraisers... AMC independent contractor agreements are now receiving…
Read That Agreement Before You Sign or Leap Having the most unfair agreement will cause the lender or AMC to lose those appraisers I recently ran across the…
Coester Allegedly Engaged in Fraud Sued by Former Senior VP Mr. Coester Was the Party Engaging in Fraud Coester VMS, a Maryland based appraisal management company, and it's CEO, Brian…

The post Vendor Agreement Controversies & Worst AMCs appeared on Appraisers Blogs.

Appraiser Safety, Stalked by Homeowner

Guest Author — Mon, 13 Jun 2016 12:30:45 +0000

Personal safety of appraisers I have several issues that focus on PERSONAL SAFETY of appraisers especially female appraisers that I need to address. I had a recent event where a homeowner was not happy with the appraised value of his home. Four weeks after I had turned in the appraisal, the lender, Freedom Mortgage, proceeded to send five sales that were 16 to 29 months old, for my review. I responded via StreetLinks AMC communication log stating these were not within FNMA guidelines. A few weeks later StreetLinks sent me the following: Good afternoon, the lender has ordered a second...

Should Appraisers Carry Weapons on the Job? Individual right to possess and carry firearms The Second Amendment to the United States Constitution protects the rights of individuals…
Drive By Comp Pictures and Appraisers Safety Rethinking Drive By Comp Pictures I posted the following true (and scary) experience on Facebook a few days ago: “I…
Should I Attach my E&O? Should I attach my E&O Declarations Page to My Appraisal Report? Because some AMCs still wrongheadedly insist that appraisers do…

The post Appraiser Safety, Stalked by Homeowner appeared on Appraisers Blogs.

Blacklisting Lawsuit Continues

Isaac Peck — Fri, 15 May 2015 12:30:49 +0000

Appraiser Michael J. McSwain filed a lawsuit against Yadkin Valley Bank and the appraisal management company (AMC) StreetLinks Lender Solutions, alleging that he was retaliated against for failing to reach targeted values.

According to the suit, McSwain performed two appraisals for StreetLinks in late 2012, on behalf of Yadkin Valley Bank, both of which failed to “meet value.” The suit cites explicit emails from the branch manager at Yadkin which state:

“StreetLinks has sent out a BUTCHER on two of my last refis [sic] … make sure he is not sent out in our county and make sure he is not on the approval list…I thought I would let him do these two just to see. NOW THE DEALS ARE DEAD.”

The Great Debate on Appraisal Fees She included several different fee split examples indicating AMCs retained as much as 70 percent of the total appraisal fee…
The New & Improved Fannie Mae “FRAUDULATOR 2.0” Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie…
Fannie Mae Filed a Complaint Against Me An appraiser shared the following with us which was posted on one of the appraisers’ groups. Fannie Mae filed a…

The post Blacklisting Lawsuit Continues appeared on Appraisers Blogs.

StreetLinks - Appraisers Blogs

Appraisers Ditch a la mode

Related Posts:

New Hybrid Desktop Hucksters

Related Posts:

Bend Over and Ask for More…

Related Posts:

Vendor Agreement Controversies & Worst AMCs

Related Posts:

Appraiser Safety, Stalked by Homeowner

Related Posts:

Blacklisting Lawsuit Continues

Related Posts: