Missing the IVPI proposal yet?
https://www.workingre.com/wp-content/uploads/2013/08/IVPI-Proposalfinal.pdf

CJK: Skim this for a minute. It’s only racist when an appraiser does not hit target numbers for a refinance. Because if an appraiser comes in low for a sale that may lead to price negotiation and can be helpful to the color coded cause. There are so many people making a living off of this appraisal industry whom don’t have any valuation skills or know how themselves… Price is not the same as value.
https://www.fanniemae.com/media/42541/display
My solution: Everyone involved with appraisal distribution, review, management, or reporting, must be required to have an appraisers license themselves. Over the years I’ve had managers whom had their licenses yanked but were still in charge of national lenders appraisal requests, people whom had no other qualifications other than rising from the ranks of telecom workers, part timers, a long list of incompetent and predatory focused management engagements. I’ve only ran across a few outfits whom hire qualified licensed staff so I treat those ones like gold. The ongoing legislative change proposals as well as recent industry changes demanded by non appraiser insiders. People without appraisers licenses themselves but make their entire living off of this industry are having the most impact and influence on the rules and regs and that is one of the primary faults which must be remedied. That and point #1, the improperly co mingled amc billing. And now every time like clockwork when a government person wants to know what’s happening with the appraisal industry, they call to the non licensed amc corps for advice and guidance.

edit, picture remove.

To establish an independent agency to be known as the Federal Valuation Agency and real estate valuation standards and appraiser criteria, including promoting a fair, unbiased, transparent, repeatable valuation process, and for other purposes.

22 ‘‘(g) APPRAISAL INFORMATION.—The Office for each agency shall collect from the agency and make publicly available on a website of the agency information regarding the race, ethnicity, and gender diversity of appraisal venders

‘‘(2) that investigation of any such complaint

5 shall include a full review of the appraisals conducted within the preceding 24 months by the appraiser involved; and

CJK they want AVMs. Even TAF is now referring to AVMs just as if they were an acceptable “valuation” method.

Now we know why they (TAF) redefined appraisal to be conflated with ‘valuation’. We all KNOW AVMs aren’t remotely appraisals. Read the link. Pay particular attention to their linguistic gymnastics and unsupported assertions.

https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=114561

The upcoming meeting March 29, 2022, is going to rubber-stamp the new racism-ASSUMED legislative efforts.

https://docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=114561

I just wish they (The House Committee Members who drafted the memorandum linked above) would STOP their own racist behavior toward my Latina daughter, and Asians! LatinX is an artificial construct attributed to certain activist “PC” professors, and generically by the LGBTQ Community.

According to some definitions (please look them up-they are numerous, including Merriam-Websters), LatinX excludes individuals that haven’t adopted non-binary speech conventions.

Since the term excludes people who self-identify based upon the DNA and the gender determinant chromosomes they were born with AND arrogantly and unilaterally redefines the Spanish language and its conventions, it amounts to hate speech. Just as certainly as the N-Word itself does.

For the United States Government to tell Chicanos and Chicanas, as well as ALL other Latino People that THEIR native language is not acceptable is hate speech and racism. Ebonics is OK, but historic Spanish is not?

My point: HOW can any federally authorized committee address the extremely weakly supported issues of perceived appraisal possible racism while they themselves are engaging in both hate speech and racist behavior in their own arguments?

Lastly, WHY are no Asians included in any of these comparative value ratio studies? Don’t Asian people buy or refinance real estate? I could have sworn my past clients that only spoke Korean were Asian. The Korean-speaking interpreter I had to arrange for was Asian.

Apparently, PAVE isn’t content to usurp the Spanish language from Latinos & Latinas who have not embraced speech affectations promoted by the LGBTQ Community. They even more quietly eliminated an entire race of people from even being considered!

I’ve seen Asians. I know they exist. My Sister is a bi-racial Asian-American. I even know of one HUD complaint where an Asian heritage borrower complained that an Asian heritage appraiser was racially biased. (Seriously).

Why then do PAVE, HUD, ASC, TAF, and all the other participants think Asians are too insignificant to be considered in their research?

That really smacks of Racism!

All in the interest of mortgage companies, AMCs, REVAA and other special interests who want automated valuation methods to be adopted.

If only they had a scapegoat that would justify it.

1. If a “white” appraiser (the evil racist), appraises a property for an owner of color, and the value is ABOVE what the owner was expecting, is the appraiser still considered a racist? Or only if the value is BELOW.

2. If an appraiser of color appraises a property for an owner of color and the value is below what the owner of color was expecting, is the appraiser of color also considered a racist?

3. If a “white” appraiser appraises a property for a “white” owner, and the value comes in below what the “white” owner was exception, is the “white” appraiser still considered a racist?

4. If an appraiser of color appraiser a property for a “white” owner and the value comes in below what the “white” owner was expecting, is the appraiser of color considered a racist?

If I am an evil “white” racist and I just appraised a property for a man of color, and the value was $40k above what he was expecting, what does that make me? Am I still considered an evil white racist? Should I assume that if the value comes in lower, I am a racist? If the value comes in above, I must know want I am doing? It is becoming more and more difficult to tell anymore with all of the name calling.

I had this type of situation when I was a staff appraiser. If the value was low, the LOs would complain and cry like 12-year old’s that I did not know what I was doing. If the value came in higher, I was the best appraiser ever. Funny how that worked.

One day I was looking at a property that was at the end of the city airport flight path. I told the branch manager that he should check with the underwriter. The LO got all in my face and said that I did not know what I was doing. Two weeks later a plane crashed into a house next to the one they wanted me to appraise and killed everyone in the house. I was just trying to protect the borrower and the lender. That LO left or was let go soon after. APPRAISERS JUST DO YOUR JOB, DO WHAT YOU WERE TRAIND TO DO AND DO NOT LET THE NAME CALLING GET TO YOU.

1/ AMC stealing a big portion of our fees
2/ News media and elite politicians painting us all as racists
3/ Increasing liabilities (desktops, the new fnma forms, ANSI requirement, false racist narrative, etc.)

You gotta be stupid to be an appraiser or a cop these days. They want to diversify? Good luck finding idiots who want to become appraisers.

Correct first they said we over valued the properties and that was the reason for the 2010 fall out. However, appraisers do not approve the loans the lender does, and the appraisal is just one part of the package. Now they say we are “low balling” the values. So, which one is it? What will it be next time?

If the “white” appraisers are “low balling” the values for “black” owners, does this indicate that the “black” appraisers are increasing the values for the “white” owners? They cannot have it both ways so which narrative is it. FAMAs computer generated reviews check to see if the values are inflated, now they will need to check to see if they are low. Remember no matter what we do we will and have always been the “fall guy.” Appraisers do not set nor determine value, we simply report what the market is doing and give an opinion, why is that so difficult for some people to understand.

A 3 bedroom, 1 bath, 1 car property in a market with an average sales price of $200k, is not comparable to a 3 bedroom, 1 bath, 1 car property in a market 5 miles away with and average sales price of $275k.That is because different markets have different values (appraisal 101). Not all markets are the same. Why can’t the people who are pushing the new narrative understand this? What is the major malfunction? When it comes to Real Property not everything is the same. Some of the people who are now attacking the appraisers should take 300 hours of appraisal classes and spend 4 weeks with us to see what it is we do, and why we do it. Before they start running at the mouth.

For the appraisers who are going to do the desktop reports get ready for the fallout they will be coming after you. Make sure your E&O is up to date. More and more complaints will be sent to the state boards, and this will be a cash cow for them. I was just in a class one of the appraisers said she did a desktop, and they ran her through the wringer, she will never do another one. They should just do away with the appraisers altogether and just base the loan on whatever the seller or borrower tells them the property is worth. They are all trained appraisers now, aren’t they?

I lasted 39 years I hope I can hold out for 3 more. If not, I have money in the bank and own my home free and clear. I never received a government handout, nor did I cry every time things did not go my way. I was denied employment by the feds and the county because I am a white male (the assessor actually told me that) I did not let it affect me. It was a good profession, but it might be time for me to rest from all of my labors. I am getting old and no longer have the desire to deal with all of this stupidity.

If only they had taken my advice.

Seek the truth.