quote:

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Originally posted by ShamWow

Might want to to sit down Rita:

"The Appraisal Institute, the nation’s largest real estate appraisal association, has led a coalition of four organizations and 35,000 members calling on the U.S. Department of Housing and Urban Development (HUD) to rescind regulations regarding appraisal management companies (AMCs)"

Quote if the Day:
Jim Amorin, president of the Appraisal Institute said, “More residential mortgage lenders are relying on AMCs to provide appraisal services, and with the restrictions HUD has placed on appraisal and management fees, the home buying consumer ends up paying more in fees and getting less in service.”

Link: (Might have to Copy & Paste)
http://www.nationalmortgageprofessional.com/news12638/appraisal-institute-calls-hud-rescind-mortgage-regulation


So now the Appraisal Institute is at odds with Ritabradley01:
"Is HVCC perfect-heck no, but it's a start in the right direction." -Ritabradley01

"but many of us (appraisers and non-appraisers alike)liked ordering privileges being taken away from LOs." -Ritabradley01

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quote:

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Originally posted by Adept Appraisal

Rita,




I didn't lie, and that you said it like you did is only further demonstrating to me why I am seeing you in new light as of late. Read that first response again, and maybe you'll agree. That post created a fictional environment that could never exist, and you feel that it somehow agrees with Greg? Please. The way it's written almost no appraiser alive would disagree with it, therefore rendering it a fantasy.

So, after that post, tell me, what were they saying to Greg?

Ann,

Check the thread out, I highly doubt you'll consider that crowd a bunch of "dingbats," although with you one never knows.

As for being rude? I don't think so, Rita. Your Christian sensibilities have left you in this argument, as opinions aren't up for debate. This is a governmental control issue, I am to resist bad government *at every turn*, and so I shall continue to do so.

Greg is unable to do that, as he has concluded this to be "necessary." And now he's preaching "adapt." He can only further exacerbate the problem already existing, he's useless to me, and if you interpret that as rude then you need thicker skin. My future is at stake, I'll fight for it, and if that means being "rude" to a few people asleep at the switch in an effort to shake them into a sense of awareness, heck, then so be it.

Guess what? It was people like Greg that were in the 2/3 MAJORITY 233 years ago here in this country, Rita. They were all about "adapting," too. I'm glad the minority did all the heavy lifting. History just tends to repeat itself, it seems.

As for Greg's ridiculous ad hominem attack that anyone is "sounding like Dave," pal, you better wise up. That thread you started has just about *everyone* sounding a lot like me on this issue.

Dave...

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quote:

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Originally posted by Adept Appraisal



Why the double standard all of a sudden?

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quote:

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Originally posted by bonafide

I have been hearing rumors about HVCC being placed on hold for the next 18 months, any have some up to date news regarding this??


I lost my last 4 out of last 5 refi's cause the appraisals either did not provide evidence to support the value or came in at an unrealistically low market value.

The appraisal management companies only pay appraisers about $175 for every order, before HVCC most of them earned $350 per order. When you pay ****, you get **** in return,

HVCC needs to be cancelled.

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quote:

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Originally posted by tippr01

Placing a moratorium on the HVCC does not automatically imply that the financial institutions will return to their prior appraisal placement process.

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quote:

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Originally posted by katbunk

quote:

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Originally posted by AlbertSmythe48

If the HVCC were to get canceled, would you be willing to order your appraisals with only your company name, file number, borrowers name, subject address and contact number on the request?

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The implication being, would you be willing to only order the appraisal and not give your appraiser your "estimate" of value?

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quote:

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Originally posted by ritabradley01

Thanks Kat. You give me hope.

quote:

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Originally posted by katbunk

quote:

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Originally posted by AlbertSmythe48

If the HVCC were to get canceled, would you be willing to order your appraisals with only your company name, file number, borrowers name, subject address and contact number on the request?

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The implication being, would you be willing to only order the appraisal and not give your appraiser your "estimate" of value?

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quote:

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Originally posted by bonafide

for the second time YES, i would gladly order appriasals with no estimation of value provided to the appraiser

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quote:

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Originally posted by olyloaner

Even if the suspension of HVCC doesn't result in higher values - I am praying it still happens. The lack of communication has caused me to drink heavily. I can't take it anymore.

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quote:

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Originally posted by ritabradley01

On the other hand, if you enter our country illegally; Welfare benefits-check. Medicaid-check. Food stamps-check. Hud Housing-check.

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quote:

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Originally posted by Adept Appraisal

Rita,

Please demonstrate a lie on my part, make it clear where I lied. You know very well I did not, at best you *could*, perhaps, say I was mistaken. But where is my lie?

As for you knowing about me? You do. You knew a lot of people on my e-mail group, my inner circle. One a noted, respected USPAP guru from here in Illinois, another a guy who is best friends with the former top dog of AARO and a respected McKissock teacher, and others. You saw them, you say us interact before you requested not to be concluded in the e-mail exchanges.

And, you have spoken at length with me, and know VERY WELL I am FAR from an unethical soul, regardless of what taste you formed in your mouth. You know better.

Now, please produce my lie, make it clear, or rest assured we'll have to part at this point from any further Christian fellowship, as no Christian should ever falsely accuse another.

Dave...

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quote:

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Originally posted by lemeuss

quote:

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Originally posted by Hopland

I just pulled the trigger on an appraisal for a management company. Purchase agreement at $184,000. Opinion of value $175,000.

Is this due to HVCC? Just asking.

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Yes, we all know before HVCC you were inflating values. Your opinion would have obviously been $184K prior to May 1

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quote:

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Originally posted by Danno1500

If borrower estimate value is way off, why not have the appraiser contact you before going out to property / costing borrower $$$ ???

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quote:

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Originally posted by Adept Appraisal


Why are you wronging me, calling me rude and a liar, when Greg gets a pass on calling me an "appraisal hack" without ever having seen a report of mine or being on the inside of what really happens in my firm? At least you had a glimpse, Rita, you know some of my inside crowd, but you remain silent when I am wrongly attacked.

Why the double standard all of a sudden?

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quote:

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Originally posted by Adept Appraisal

I am sorry, Rita, but you are wrong, and I must break off any friendship we had due to your obvious inability to admit you have erred here. You are now the one lying, not I.

I don't know what happened to you, and will pray for you to rethink whatever it is you believe yourself to currently be pursuing.

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quote:

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Its there money.

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quote:

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I don't want the highest comps, as they will only get chopped from the lender, mid - to low range is all I seek, and if the customer has a higher LTV due to value, then its up to me to find that borrwer a prodcut that will work.

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quote:

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Damn Hopland, I'm only having a little fun. Watch out, I may become an appraiser and put you all to shame. It could happen.

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quote:

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Originally posted by ritabradley01

For the record, every appraiser (I believe it is currently unanimous) on Mr. Boyd's most recent Appraisal Forum posting has tried, and tried hard, to explain why he's so very wrong about HVCC

Please Dave-solutions!!!!!!

quote:

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Originally posted by Adept Appraisal

Rita,

Please demonstrate a lie on my part, make it clear where I lied. You know very well I did not, at best you *could*, perhaps, say I was mistaken. But where is my lie?

As for you knowing about me? You do. You knew a lot of people on my e-mail group, my inner circle. One a noted, respected USPAP guru from here in Illinois, another a guy who is best friends with the former top dog of AARO and a respected McKissock teacher, and others. You saw them, you say us interact before you requested not to be concluded in the e-mail exchanges.

And, you have spoken at length with me, and know VERY WELL I am FAR from an unethical soul, regardless of what taste you formed in your mouth. You know better.

Now, please produce my lie, make it clear, or rest assured we'll have to part at this point from any further Christian fellowship, as no Christian should ever falsely accuse another.

Dave...

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quote:

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Compile a data base from title company info (sales price, loan amounts, concessions etc.) and mine the data based on the property description.

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quote:

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Originally posted by Hopland

quote:

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Compile a data base from title company info (sales price, loan amounts, concessions etc.) and mine the data based on the property description.

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Where do you think First American has been getting their AVM data for years and years and years? Same with IndyMac, Wells, Chase, WaMu, Downey, and most other big box institutions.

How about a sale at 2350 Keys Blvd in Clearlake Oaks, CA at $675,000. 1600 sf, 3 bedroom, 2 bath built in 1991. Same month a property at 2333 sold for $225,000. 1600 sf, 3 bedroom, 2 bath built in 1989. What will the underwriter do to reconcile the difference? (addresses are not the actual number because this is just an example for discussion).

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quote:

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Originally posted by Hopland

Here's the info you suggested the appraiser provide:

The "appraiser" provides the following info:
Sqft
room count
condition (remodeled etc.)
features (ie pool, fp, patio, garage etc)
Provide pictures inside and out.

The $400,000+ difference in price can't be reconciled by condition because you could scrape the house and build a new one for less. For purposes of discusion we'll just assume that there are no foreclosures or REO's within 100 miles.

The difference is in the street number - odd or even. Here's a Google Earth image.

http://i385.photobucket.com/albums/oo293/HoplandAppraiser/clearlakooaks2350.jpg

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quote:

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Go back and read carefully there Hopland. You are making my point for me. Nice pic by the way.

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quote:

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Originally posted by rescomstl@yahoo.com

quote:

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Originally posted by bonafide

I have been hearing rumors about HVCC being placed on hold for the next 18 months, any have some up to date news regarding this??


I lost my last 4 out of last 5 refi's cause the appraisals either did not provide evidence to support the value or came in at an unrealistically low market value.

The appraisal management companies only pay appraisers about $175 for every order, before HVCC most of them earned $350 per order. When you pay ****, you get **** in return,

HVCC needs to be cancelled.

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Rescom Appraisal Management, Inc.

Are you tired of other AMCs taking 3 weeks or more to complete your appraisals?

Have you had enough of the poor quality appraisals due to the AMC taking 50% or more of the appraisal fee and not compensating the appraiser properly?

You do not have to live with this.

You do have a choice.

Rescom Appraisal Management is the solution.

Rescom Appraisal Management is a nationwide appraisal management company that does things quite different than most AMCs. We actually have your best interests in mind. Our primary goal is to make sure to are getting what you are paying for. A high quality appraisal completed by a properly compensated certified appraiser, who is given more than 24 hours to complete the report. But wait a minute, if these other AMCs are requiring appraisers to complete reports in 24 hours, then why does it take 3 weeks before you receive it. Thats simple, and its something that other AMCs don't want you to know. When you place an order with another AMC, your request could sit there for several days collecting dust before it is even assigned to an appraiser. Once the appraiser receives the order, they are only given 24 hours to complete it. After the poorly completed and unsupported report is completed by the rushed and underpaid appraiser, it sits at the AMC for several more days before the report is even looked at. Once it is eventually looked at, the reviewer discovers that the report has numerous errors, lack of comments, and is overall poor quality, because they rushed the appraiser to get it to them so that it could sit there for several days. So a request is sent back to the appraiser for corrections, and on and on and on. This is what takes 3 weeks or more when you use other AMCs. Why would you use a company like this?

The answer to this problem is simple. Use a company that eliminates all of the delays, respects their appraiser vendor partners, and delivers high quality appraisals in a fraction of the time it takes other AMCs. We have certified appraisers in every state and county in the U.S., and they love working with us. This encourages them to produce credible work for you.

Rescom Appraisal Management assigns your requests the same day that we receive them, and they are assigned to the most qualified appraisers, not the ones with the lowest fees. The appraiser is then given a reasonable 48-72 hours after the inspection to complete the necessary research required to develop a credible, well supported appraisal. Once we receive the report, your appraisal is reviewed that same day and delivered to you that same day. If the borrower is available within a few days of the appraisers call, then there should never be a reason for you to not have the report in your hands in no more than 7 days.

So you have a choice. 3 weeks or more or no more than 7 days. Seems quite simple to us.

If you are interested in working with a company that can offer you far superior communication, quality, turntimes, and an overall superior business experience, then please call or email us.

Let us know what we can do for you.

Contact:
Scott Van Hee
Director of National Operations
Phone: 314-210-2319
Fax: 636-327-1421
Email: rescomappraisalmanagement@yahoo.com


Please visit our website: www.rescomstl.com


By usng our service, you are HVCC compliant.

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quote:

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Originally posted by Birdman76

Back to the original thread, if you go to govtrack.us you can see exactly where the moratorium is, as of this morning it was still in committee and had a few steps left before anything will actually happen

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Originally posted by Hopland

I'm sure we ameuss you but you'd probably be surprised that Dave, Rita, Annemieke and I would and do agree much more often then we disagree.

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quote:

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Originally posted by lemeuss

quote:

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Originally posted by Hopland

I'm sure we ameuss you but you'd probably be surprised that Dave, Rita, Annemieke and I would and do agree much more often then we disagree.

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touché

I'm sure being professionals in the same line of work you all do a good job and are far more knowledgeable in your profession than I

you also all seem to be (in certain threads) very set on your idea's, and when they clash and the insults come out, it's pretty funny sometimes. Im not saying, Im just saying...

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quote:

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Originally posted by Annemieke Roell

quote:

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Originally posted by lemeuss

quote:

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Originally posted by Hopland

I'm sure we ameuss you but you'd probably be surprised that Dave, Rita, Annemieke and I would and do agree much more often then we disagree.

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touché

I'm sure being professionals in the same line of work you all do a good job and are far more knowledgeable in your profession than I

you also all seem to be (in certain threads) very set on your idea's, and when they clash and the insults come out, it's pretty funny sometimes. Im not saying, Im just saying...

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You just described the average appraiser :)

We hold annual get togethers here on the farm. Appraisers from wide and far come for it and we have a few days of good oldfashioned "sleep - overs", food, drink and discussion, in addition to having a load of fun.

If you were a fly on the wall and listen to our discussions, you'd think we hated each other's guts. Truth is, we are very close friends who would do anything for each other. We just don't always agree 100%.

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