WE know its not an appraisal report. Does your marketing staff?

Horse manure.

They also appear to lie in their internet links…though they did attempt to scrub their sites.
http://strategicinfo.welowerrisk.com/verisite/
https://search.yahoo.com/search?ei=UTF-8&fr=crmas&p=veristite+appraisal
http://strategicinfo.welowerrisk.com/verisite/

At best, they are performing appraisal review functions and ‘scoring’ results for which appraisals will be held up to for comparison purposes. Carefully parsed truth I think.

Unfortunately, there are far too many “technical innovators” innovating areas about which they know nothing. How DARE you suggest any of your AVMs is a worthy value verification vehicle! There’s not an AVM in the nation (including yours) that is worth a damn at providing credible approximations of market values. NOT ONE. Certainly, there is no product out there today that is a valid measure of appraisal quality and that goes for FNMAs CU as well.

They also appear to lie…though they did attempt to scrub their sites.
http://strategicinfo.welowerrisk.com/verisite/
https://search.yahoo.com/search?ei=UTF-8&fr=crmas&p=veristite+appraisal
http://strategicinfo.welowerrisk.com/verisite/

At best, they are performing appraisal review functions and ‘scoring’ results for which appraisals will be held up to for comparison purposes. Carefully parsed truth I think.

Looks like SIR revised their website after this article was published. “Verisite Photo Appraisals” is now being called “Verisite Photo Report”.

Before and after screenshots below

Sharperlending. There is only a fractional segment of Appraisers who give any credibility to your product, it’s purpose and intended use. Were it otherwise you would not feel compelled to post in your products defense. And As you can see from reading this blog and others like it, where Appraisers gather to express their views and those of their peers – outright Lies and misrepresentations from AMCs falsely claiming to “represent” Appraisers interests are running amuck these days. You should Stick around a while because the likes of the Sharpie and the Quicken need a reality check.

Evolving markets, kleenex modernization appraisal papers, innovative, unprecedented and exciting opportunities, technical visionaries..are Buzz words used by those offering minimum wage to trained, experienced professionals

I took on 6 orders today ($500 to $650), turned down 4 more, didn’t reply to a bunch of others, and will be booked up all of next week. If the trend continues, I may have to decline dozens of assignments next week because no one gives the appraiser more than 4 to 5 days in my area. By “opportunity”, do they mean I should stop what I’m doing, and pick up work for $50, all while completing work that is not USPAP compliant? What a joke.

Seek the truth.

“Appraisers are finding opportunity with our products in their evolving market.” Now that is the funniest thing I have heard all day! This product is an open invitation to fraud. No professional would ever consider this product beneficial. No state regulatory board would either.

Overhyped software (snake oil) and undereducated consumers is any hustler’s dream come true. Sadly, many folks with unrelated degrees believe that translates to knowledgeable real estate investors. The rest of us know them as victims, based on lifetimes of experience; and decades of ignored political corruption.

https://skift.com/2018/10/08/how-travel-agent-trade-group-fought-its-way-back-from-near-extinction/

They’re like the Queen of England to the Brits or the Pope to Christians. And like all monarchs their goal is longevity and their ambitions are to stay in power and be prosperous. And they were ruthless when it came to expanding their empires rule through colonization. FNMA sends shivers to those who seek their Gold aka Loans.

The reality IS FNMA is nothing but a corporation whose goals it is to make MORE profits at any and all costs because like the All Monarchs they believe their existence is a matter national economic importance.

The fact is they are just as crooked and self serving as any OTHER corporation. and I do remember Interthinx – they were head hunters whose own heads should have been impaled on the ramparts.

Real Estate Agents Are on the next Chopping Block.

“Outside agents notch a victory over Opendoor. But it may be short-lived.”

…Wu said that agents would need to accept that their role in transactions will change as the process becomes increasingly automated.

Over the last decade, agents have been squeezed by the proliferation of online listings portals and automated valuation models. Now, with well-funded “iBuyers” poised to tighten the screws and reduce the agents’ role in the homebuying process, some brokers are fighting back against automation.

“[It]’s going to take a little bit of time for agents to realize that actually the automation will happen, and their role is to be an adviser to the customer,” Wu said.

https://therealdeal.com/2019/03/18/outside-agents-notch-a-victory-over-opendoor-but-it-may-be-short-lived/

Sound familiar?

CJK, pg 40. State rules for amc’s, but you’ve probably read them.

https://www.sos.state.co.us/CCR/GenerateRulePdf.do?ruleVersionId=7869&fileName=4%20CCR%20725-2

Use this tool instead of the license lookup page.
https://apps.colorado.gov/dre/licensing/Lookup/GenerateRoster.aspx

Click amc and appraisers, then click amc, then generate with your intended file type. Geesh, what happened to a good old online hosted pdf file? God I don’t have excel so I’m look at this in a text file on notepad, so ridiculous. No SIR on there, but I’m in notepad so don’t hold me to that. CO DORA is driving me nuts lately and last licensing cycle they did not send a printed license anymore, but rather told me to just print it out on regular paper stock. I liked the officially printed license on heavyweight state branded paper. Paperless is for the birds, that officially printed state license meant something important, at least to me. Scanning this at home print just is not the same in terms of professional appearance and such.

Jennie Scott; “4th party hybrid”. True genius. Yes, this is getting out of control. We’ll start up a 5th party facilitation service to help these outsourcers keep their act together while they’re busy outsourcing to other outsourcers whom may outsource again. They do this to bury complainants in legal fees and obscure the chain of command regard both culpability and regulatory compliance issues. Outsourcing to other outsourcers and using non licensed help when licensed help is readily available is just quite plainly a stupid and short sighted business decision. You know who’s making these business decisions; Middle management people without individual licenses. At this point my vote is for total licensing of all amc persons, and all persons they may utilize in the outsource process. This would not be happening if we were dealing with licensed professionals whom could be held personally accountable. What’s your fee and turn time?

I don’t know CJK, you have to call in to know for sure. Have not looked at those lists in a long time but I recall there was only periodical updates to them. Like forwarding them the email would be pretty similar to filing a complaint right?

https://www.colorado.gov/pacific/dora/appraisal-management-company-program

The homeowner gets to be their own appraiser! Now that’s appraiser independence you can count on.

aka previously known as; Credit Data Services.

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=4287503

http://strategicinfo.welowerrisk.com/financialservices/

Click partners and affiliations. Why do the major players have to put appraisers down? It just does not make sense for an ethical company to eliminate full service human appraiser participation.

http://strategicinfo.welowerrisk.com/financialservices/

http://strategicinfo.welowerrisk.com/wp-content/uploads/SIR-White-Paper-Solving-the-Looming-Appraisal-Problem.pdf

Will do! Will also let you know the outcome. -Jennie