http://appraisersblogs.com/consolidated-analytics-amc-fined-4-appraisal-order-blast-violation#comment-30677

The coordinated abuse of appraisers by profiteering corporations continues. This is a fine example of well coordinated commercial scale racketeering and the infiltration of regulatory bodies by companies seeking biased judgments in their favor so they can continue the systematic dismantling and abuse of an entire industry consisting of over 80,000 actually licensed persons.

This effects everyone but there is adequate relief if appraisers simply refuse all amc orders and find better clients. The more appraisers that do that, the more lenders move back to direct assignment processes.

“What’s your fee and turn time?” Me: I don’t know. What’s YOURS?

It is irony that the appraiser, the person tasked with analyzing deals and sales, terms and conditions, to evaulate financial fairness, to stand up against some of the most aggressive sales persons in this country…. That that same appraiser person is unable to get around rinky dink nobody telecom based amc desk jockies who’s only sales pitch is what’s your fee and turn time. The amc industry has shaped up to be a safe haven for all the wash outs, remarkable. Amc appraisers should hang it up, they’re worthless from the beginning, never even made it out of the gate.

Anybody have copies of both appraisals?

Has anyone checked out PAREA? This will drive down fees even further. The only way to stop this is a class-action lawsuit against all involved, including TAF. I would join the guild if they were able to get a Law Firm involved.

She says she is getting a refinance to pay off her loan sooner and get more equity out of her home. How is getting more equity out of her home going to help her pay off her loan sooner???

It should be mentioned when the market tanks, these amcs will be history. They are going to be exposed to all the liability as they ordered, reviewed and paid the appraiser. Appraisers can easily redirect that attention.

Question those who put profits before principle all while trying to point the finger away from themselves.

Go make up a value, change your password often, and remember to seek the truth.

If you want to know what really happened to our profession, please read “Dispatches from the Cosmic Cobra Breeding Farm”, by Jeremy Bagott. It explains how USPAP got copyrighted by the Appraisal Foundation, and although it is government sanctioned, we have to pay for a copy of the law because TAF owns it. The Appraisal Institute wrote it as Standards of Professional Practice, and it morphed into USPAP, so now we pay to take this class and buy an electronic copy of the law every 2 years when we renew our licenses. They are a cobra breeding farm and you will learn all about that leach organization that was created to cheat a whole profession out of what we deserve as fair, professional fees for doing an unbiased valuation of property for what used to be a bank who kept the loan. Now that they sell loans in packages they don’t care about the quality of the appraisal and we are competing with realtors who think they are appraisers after a short course, and AVMs actually have credibility, thanks to the fake news by people who don’t appraise write. We lost control of our profession, and what makes me embarrassed and ashamed is that it took a British guy to research this problem and write this book. I haven’t seen anything this good about our profession, ever. Every day I think about the good old days when appraisers got respect for their education and experience. Licensing watered down the process. The AI is no longer serving its members and now we have AMC leeches all over our bodies, with the octopus TAF wrapping its tentacles all over that, and it is getting harder to just appraise, let alone follow the ugly politics that have crept into our profession. Of course they had to make up a story that was untrue to sully our reputations. We certify in each appraisal that we are non-biased and objective, and we carry insurance and pay for data that is crappy, and forms that suit the guys that generate the need for more mortgage securities. Well, they aren’t secure without our profession doing our jobs, and I would say most of the appraisers I have known were objective and not racially prejudiced. Yes, those were the old days. Now read this book and see what happened while you were appraising with handcuffs on your wrists, behind your back with USPAP on your neck! It is short and very well-written!

In all likelihood the second appraiser was pressured for value