Thanks Nick. That’s the intent. Anyone can make mistakes. Those that do and then correct them are honorable people in my experience.

To all those that rely on their being too big to have to worry about compliance or public opinion, I have one word of advice. Take it for what it’s worth.

“OCWEN”

I think I’ll go ahead and tack on another 15!

LOL

Best to you.

I take it where I can get it, somehow miraculously still swinging on one lucky streak after the next. If all these direct assignment lenders would not have opened up over the past so many years, I’d have already been gone.

Figure out how many hours you are putting in now and divide that up by what you make then make the comparisons. As for me I’ve been out for over 5 years now and loving retirement.

Frank the free market you refer to was usurped by Cuomo and HVCC; Ocwen , REVAA and a host of others. While DF had bad aspects for banks it had only positive conditions for appraisers like requiring reasonable and customary fees and codified appraiser independence.

How did you make it out, what are you doing now? I talked to the fedex driver and he’s getting 36 an hour and with overtime, approx 100k a year. 7 weeks paid vacation but with the time requirements of 70-80 hours a week, that equates to roughly all your weekends off at once, and no other time off. It’s tempting though, I’m thinking about it. Sitting at the desk all the time is not a healthy working choice as we get older.

When you set a sender to spam, according to the can-spam act and other, if they keep emailing you, the sender should be automatically sent email violation notices from your email provider. This can disqualify all of their sent emails through the entire platform if they continue to email even one person, after having been given notice the email was sent to spam due to interactive receipt and meta data communication. With the right email choice, when a sender is sent to spam, you also are likely to be automatically removed from their mailing lists by their i.t. department in order to protect their continued ability to blast single orders to hundreds of appraisers at once. Mixed inbox vs spam landing from a singular company indicates the company is walking the edge and is risking violation notices, depending on how many recipients properly inform their provider this company is spamming (via interactive in browser email management choices rather than one way pop3”s with restricted receipt settings.) Check the meta data and see if the originating outbound server is the same between the emails. It would not be surprising to learn these predatory amc’s are using multiple outbound sending avenues.

You can also cause amc’s to leave you alone by opting out of all integration and records checking software, so when your license and insurance expiration date rolls around, and you don’t provide them updated information, they eventually cut you out and stop contacting. There is a tipping point and for every appraiser that says no, the amc’s solicitation list gets that much smaller. Appraisers whom continue to allow the amc’s to contact them are merely perpetuating the problem for themselves and everyone else. As long as there are enough appraisers willing to entertain these abusive engagement processes, nobody wins. When appraisers instead solicit to lenders directly and help move them away from amc’s, everybody wins. Appraisers should ask themselves what they want for the future, and simply make that happen on a personal level. The effects are cumulative. Another great amc exposure article, but it’s just typical practice for these guys, usres is just one of hundreds of similar amc companies doing the exact same thing.

Here is another hot lead.

The good old days when you could afford to stay in business and even have staff appraisers that you could pay and not go broke.

Before the discounting days. attached.

Unrelated but interesting. https://www.breitbart.com/economy/2019/09/19/fed-pumps-75-billion-into-financial-system-again/

Mike, I think this is exactly the type of thing you should be doing. Out people and AMCs for poor practices. I think eventually what will happen following the next recession is that a significant number of these AMCs will be out of business. Most appraisers have protected themselves (hopefully) because we still have the ramifications of the last downturn in our minds. I think AMCs will be held accountable to an extent they have not experienced before. Many will not be able to survive.

Appraisers….protect yourself.