Hi i have been in the program 6 months and very irritated by the lack of help and long waits for any feedback they all say they have too many participants.

Good Morning Ms. Deborah,
Can you please reach out to me or send me your contact information? My email is: Jennfontana76@gmail.com. I can send you my resume and credentials for review. I am willing to work as an apprentice to learn. I am seeking the hands on, mentoring, all in approach. Any information you can give would be much appreciated. Thank you, Jennifer.

Still think it’s a very bad career choice right now unless you can have a game plan to avoid amc work completely and absolutely.

They’re trying to get in. We’re trying to get out.

Boycotting the amc companies has an even steeper price in terms of finances. With an inverse value benefit for having been legitimate and not buying into the deception that working with unethical companies can be accomplished in an ethical manner. For me it’s about ethic and consumer protection. Otherwise what’s the point of even having a required appraiser program involved in GSE lending? I’ve always thought that my purpose was to keep the programs stable, to not allow commissioned based interests to exploit the system, defraud lenders and consumer borrowers alike in the process.

Says a lot about the current state of the programs. All this talk about a ‘government backstop’ if they’re privatized. Guess what, that’s been in place for some time already.

The most fundamental of question; Would lenders still disregard the risk and be willing to abandon the appraisal program’s integration in lending, if they took this risk themselves with no government and taxpayer safety net?

The MBS purchasing program provides the financial incentive for over investment in housing, the subsequent recurring housing bubble cycles. That’s what drives the profitability which causes the disregard for ethically ran engagement and programs. Just check all the underwriting boxes, pretend everything is compliant and above board.

The general public, and most politicians, have no idea how important the appraisal program was in terms of preventing fraud. The appraisers mere presence in person prevented untold volumes of fraud from taking root in the first place. Our value to the program was not our ability to be super efficient or turn volume as the tech companies and amc’s would pretend, have lower fees and faster turn times.

The independent appraisers primary value in the GSE lending system was our ethical positioning which prevented fraud in the first place. Not coincidentally, the majority of the appraiser community refuses to engage with amc’s as a result of the disregard for this basic premise.

AQB & ASC played the tune perfectly with the per appraiser on amc panel individual yearly head count fee. That provided the justification for a limited appraiser service base which could be formed around the most compliant least independent appraisers whom were willing to play along with the amc programs.

While a select few insider appraisers reaped yearly incomes previously not thought possible in this industry, the rest left the consumer protection gse service realm, struggled for opportunity, or simply left the industry, waited for their licenses to expire or held out hoping for long awaited industry correction driven by the appraisal trade groups. I’d speculate the recent information that amc executives have been pulling the strings of the TAF this entire time was the final revelation which caused appraisers to finally allow the license to expire.

Frank I know you know. They know we know they’re lying. They continue to lie anyways. Most of the commentary here is for posterity. In the off chance policy makers will one day take a serious look into what was the root causes of the unraveling of housing market and gse program stability. Or maybe we should update this statement to read; the reason for an apparently never ending housing market affordability crisis.

At the end of the day, the issue is compensation. It is exceedingly hard for me to understand how my fellow appraisers can accept the pittance these companies are offering. Maybe I’m just too old.

Thank you Frank. Someone should put forth a study complete with graph and visual charts, illustrating the license count attrition on a national basis. Data filtered to represent individual persons, not total licenses, as in many parts especially the east coast, an individual appraiser may hold many different state licenses which represent a singular total coverage area. Not coincidentally the attrition will be seen to spike shortly after the passing of the avm final rule and final roll out of the new uad form. Historically we’re likely to see incremental plateus and spikes in licensee attrition which coincide generally with every major policy change by the gse’s. Such as hybrid forms, rising demins, property data collectors, new rules dictating demands for statistical chargs in appraisal to justify use of or no use of time adjustments, etc, etc.

I had taken the AQB Concept Paper Assessing Additional Experience Options survey and posted this excerpt of one response in another thread. Do you have a link to read the published appraisers comments to this survey? I’d bet my comments are not posted. These peoples mis management of the industry and capitulation to ‘stake holder interests’ such as the amc industry, pulled tens of thousands of peoples careers right out from under them. Not coincidentally at each increment appraisers have notably less presence in mortgage lending, mortgage fraud spikes. Wouldn’t it be something if an overlay chart indicating appraiser licensee attrition coincided with the rise of apparent mortgage fraud? Nobody cares though, this is the exact reason appraisers have been pushed out in the first place. It’s institutional GSE policy, apparently.
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Question 10;
What portion of the total required experience hours (e.g., a percentage or specific number of hours) do you think should be allowed to count as ‘Foundational Knowledge’ experience, and why? Please explain your reasoning, considering how this balance might affect competency, public trust, and accessibility to the appraisal profession.

The entire effort is a waste of time, why didn’t the AQB appeal to working appraisers for real world solutions instead? What an incredible waste of time energy resources and man hours. For the time everyone keeps spending on the PAREA program, you could have trained a hundred appraisers by now, whom could have trained three hundred more, and then nine hundred more, etc etc.

But that will never happen because the market conditions for every day working appraisers are not acceptable to support training. You people do not seem to grasp the fundamentals and very basics of free market capitalism. Something has to be profitable for the business interests to seek service in the sector. The ‘stake holder interests’ tripe has allowed for near complete exploitation of of over half of the appraisal industry. It’s why there is accelerating attrition of licensees instead of licensee head count gain.

You can’t form a long term workable solution without addressing the root cause of the problem. Appraisal management companies. An incredible reduction in appraisal demand due to the stake holder interests whom want independent checks and balances gone, so they can run the entire country into a debt trap and play housing like the stock market.

Because the appraisal trade groups are derelict in their duty to advocate for the licensed appraisers whom actually have to deal with the real world working duties. You guys and gals live in some ivory tower where you’re not subject to real world appraisal market forces.

Newsflash there is no public trust in the real estate profession hardly at all anymore. Because of all the wokeness and DEI nonsense. The trust is broken. The public hates appraisers. The appraisal trade group has done nothing to help and only made the problem exponentially worse. So instead of recognizing your own failures, you’re trying to create artificially trained appraisers like they will somehow imaginarily not be subjected to the same market forces which is currently forcing out thousands or more appraisers a year and they’re not being replaced.

The same market forces that have been decimating most gse appraisers opportunity and working structure since around 2010. Every day working appraisers often do not earn enough to afford to hire or train an apprentice because nobody in the appraisal trade groups works to expand our service reach and service demand, but rather constantly does everything in their power to diminish the independent appraiser position for the largest client set in the world; the GSE’s. You know; ‘stake holders’.

Then on top of that, per the ARCC, the amc’s have siphoned off at least 12 billion dollars worth of fees which would otherwise have gone to appraisers. Probably substantially more as that’s their best estimate and nobody has the courage to do what’s right and audit the complete amc industry or have a show down with their junk fee raking racketeering restriction of trade and applied anti trust program which has been aimed solely at working appraisers this entire time. They don’t want a piece of the pie, the amc’s want it all.

Which is why the amc’s also support the avm final rule, parea for more pliable less independent workers, and have consciously driven the majority of the best and brightest appraisers out of the gse servicing section. How many trainees do you think twelve billion dollars would buy? Do you think just possibly if the appraisal industry would not have been stalled out for the last two decades, that we might just possibly have a more diverse working base which better reflected the local populace where appraisers serve?

If there is anyone to blame for the lack of diversity or lack of new people and demand to be an appraiser or the ability for appraisers to hire and train, look no further than the mirror. Appraisal trade groups caused this failure by their inability to be independent, their constant reactive positioning to ‘stake holder interests’, and utter disregard for the protection and viability needed for independent 1099 sole proprietor small business appraisers to exist in this current lopsided improperly balanced constantly decreasing demand for our services climate.

Maybe we should push a basic economics 101 class as well. In fact, yes, fit that in. Please find a qualified person from outside the appraisers trade group network to teach this. Take the class yourself first. Thank you.

all state and appraisal classes completed.

Hi all,

I’’m going to seek representation for a class action lawsuit against AI PAREA. As an educator, nothing in this program teaches using the adult learning model and robs students of time and money.

Please contact me if you’d like to join the lawsuit. Myers.joe@gmail.com

https://www.surveymonkey.com/r/AQBComments

Today is the last day to take the AQB survey on ‘alternative pathways to credentialing.’

These people don’t know what they’re doing. Of all the things to focus on right now, they’re rewriting the rules again.

Jay, take the survey and please do write about the need to cancel the amc dominance. I certainly did.

Is anyone going to mention the corrupt AMC’s using the program to create a slave class of appraisers locked to the desk filing inaccurate appraisals, fearful to cut a purchase out of fear of losing their job… While we’re talking about it, lets not forget about Opteon. Having a supervisor not even located in the state signing off on appraisals.

My solution, get rid of AMC’s and go back to appraisers building a rapport with lenders’ credit departments so that they are seasoned. Having lenders feeling confident in their appraiser requires them to have years under their belt and not hiring freshly licensed appraisers. This would give some assurance to bring on trainees that once they are licensed they are not going to run with your clients.

You should contact local appraisal groups, surf and post on the Reddit r/appraisal threads, or post on Appraisers Forum, they have a specific find a mentor section last I checked. And you’ll definitely want to set up a new and fresh email address. Some people make it in round about by getting jobs at county assessors offices and training under licensed appraisers there. Please provide us a few links for what classes you took, and what educational outlet offered this to you.

One of my trainees left to go into construction – made more money, and actually got vacation, sick and health benefits. There are several trades that pay better, so if you are young enough to do the work – I whole heartedly recommend making another choice.

I totally agree, and only 24 years. It all went to H….ll after HVCC, IMO

I cannot imagine what has happened to the 3,000 hours of mentorship, on-the-job training, etc. I always considered it an important part of the education to have a mentor whom you “shadowed” for a time, then who “shadowed” you for a time – to see if you were understanding the aspects of appraising, and guided you through doing the work on your own, and then you go on your own. At that time, you call if you need clarification, etc. This profession has gone down so badly – it’s no wonder we are not treated like professionals anymore. I guess we can thank the GSEs, etc., for putting the nail in the coffin for even allowing PAREA. If we weren’t constantly underpaid, treated like expendable garbage, and allowed to do our jobs in a professional manner, there would be no shortage of appraisers. So many good appraisers have left the business, or been forced out due to low fees and no work.

Hello Debra, I’m serious. sporjo@aol.com