Comments on: Survey Says… Bifurcation is a DUD!

By: Brad

Brad — Thu, 25 Jun 2020 22:17:33 +0000

In reply to Ralph.

Because $125 times thousands equals millions !!!

By: Ralph

Ralph — Sun, 31 May 2020 17:43:26 +0000

I spoke to bank who gets it and put it this way, why would we want that product that pays a data collector $75, the appraiser $150, the AMC taking at least $150, so that’s $375, when we can pay a Certified appraiser $500 for a better product and not deal with bifurcated garbage!

By: Baggins

Baggins — Fri, 29 May 2020 14:49:53 +0000

In reply to Cotton.

Meanwhile, the appraisers that completed them are often identified by having multi state licenses in distant areas. And those appraisers did so well, they are often sitting on appraiser group member boards and in top positions elsewhere. Nothing will come of it because in this industry, crime pays, it pays very very well, and brings prestige. Ethics means nothing when the book is rewritten every few years to appease special interests. Ethics in appraisal is no longer tied to morality. The notion you can work with bad actors, undercut your peers, cut in line, defraud homeowners, then be praised for having set them straight…

By: Cotton

Cotton — Thu, 28 May 2020 19:15:08 +0000

We are all fully aware that Bifurcation was nothing more than a money making scam pushed on the appraisal profession by the AMCs and the GSEs. The AMC scam group know as REVAA has been pushing the bifurcation scam and utilizing lies such as appraiser shortage to undermine the integrity of our profession all in a pursuit of retaining as much of the appraisal fee as possible. The heads of the GSEs and lenders have been scammed into pushing these lies also. REVAA succeed in forcing the AQB into lowering the requirements to obtain an appraiser license in hopes of recruiting low paying unqualified appraisers to complete these garbage reports. Lyle Radke and Dan Wiley are equally as guilty as the AMCs at attempting to manipulate and ruin our industry. Bifurcation appraisals are not more reliable, not faster and are extremely flawed. This information was given to me directly from those working at the GSEs who are currently reviewing bifurcated appraisals completed by companies such as meuller, clear capital and a few other amcs. The GSE reviewers believe these bifurcated appraisals are no better then a BPO and should not be utilized for any type of lending. Im glad appraiser are all fully aware of this manipulation and we should work hard to make the consumer, the State and Federal government aware of these scamming bifurcated issues! Have a blessed day and stay safe!

By: Bill Johnson

Bill Johnson — Thu, 28 May 2020 15:37:34 +0000

The question is, does it mater what most appraisers think?

Seek the truth.

By: Bryan

Bryan — Thu, 28 May 2020 14:09:36 +0000

I respectfully wonder about the 10% that say they are OK with bifurcation.

By: Carl

Carl — Wed, 27 May 2020 16:28:47 +0000

Finally something we can all agree on!!

By: Kathy Morton Bunting Hoey on Facebook

Kathy Morton Bunting Hoey on Facebook — Wed, 27 May 2020 16:27:46 +0000

Bifurcated Appraisals are nothing but junk! Junk for buyers and junk for lenders. Glad we have largely stuck together in rejecting them!

By: Koma

Koma — Wed, 27 May 2020 16:23:12 +0000

Good news! Always stated all they needed from us Appraisers was our signature for their (more money for them) scam.