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Average AMC Appraisal Fee to the Appraiser

Appraisers Blog

Average AMC appraisal fee to the appraiser: AMCs are taking far more of the borrower-paid fee this year than they did last year. AMCs Take a Sizable Cut of the Appraisal Fee It still proves my point: Appraisal Management Companies take a sizable Cut of the appraisal fee.

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Appraiser Countersuing Black Homeowners for Defamation

Appraisers Blog

The Maryland appraiser has filed a countersuit against the homeowners, claiming defamation. Appraisers, there have been several lawsuits filed against appraisers by borrowers who “don’t like your value, so I’m accusing you of discrimination” over the last year or so.

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Appraisers the Convenient Scapegoats

Appraisers Blog

The appraisers are the convenient scapegoats every time. The appraisers are the convenient scapegoats every time. During the 1980s it was the commercial side, yet residential appraisers received both barrels of double-odd buck. We hear all about low appraisals, but we….

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Diatribes Against Appraisers

Appraisers Blog

Appraisers, this is a long article but it’s important, as it reveals how you are being discredited in the work you do. Related Posts: Census Tract Info Used Against Appraisers "Census tract boundaries do not necessarily define the subject's market."

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NAR Appraisal Survey

Appraisers Blog

The results of the NAR appraisal survey show more than half of appraisers reported AMCs to be the greatest challenge in their business with 40% reporting not being compensated fairly. Highlights of the NAR Appraisal Survey The.

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Appraiser Miller Wins

Appraisers Blog

Appraiser Miller wins important claim in racial discrimination lawsuit. Judge ruled Plaintiffs did not rely on Miller’s appraisal. The post Appraiser Miller Wins appeared on Appraisers Blogs. The other claims continue but this was an important claim.

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Grants to Help Train Appraisers

Appraisers Blog

To establish grants directly to supervisor appraisers to help cover the training costs for each Trainee… Folks, this article appeared in American Banker on September 7, 2022. It also exposes problems with getting new people into the appraisal profession. Appraisers,….

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HUD ROV Process to Address ‘Appraisal Bias’

Appraisers Blog

Fudge announced that HUD is creating a ROV process for people seeking FHA financing to request a review of their appraisal if they believe the results may have been skewed by racial bias. HUD 20.23-011 “HUD is committed to making the appraisal process fair nationwide.

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Appraisers Should Bristle

Appraisers Blog

The nation’s long-suffering appraisers will recognize the pattern in a porcine publisher they are forced to frequently slop as frenzied Beltway porkers go whole-hog on the swill. The post Appraisers Should Bristle appeared on Appraisers Blogs.

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The Appraisal Problem

Appraisers Blog

Gone are the days of hiring a professional appraiser to solve the appraisal problem. For decades lenders have taken on the responsibility of shaping the appraisal process and dictating the solutions to the appraisal problem.

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Anti-Appraiser Agenda

Appraisers Blog

Money may have been used to buy influence and promote the current anti-appraiser narrative being embraced by key public servants in the executive and legislative branches. Appraisers,…. The post Anti-Appraiser Agenda appeared on Appraisers Blogs.

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Maxine Waters Wants Appraisers Investigated

Appraisers Blog

On February 22, 2022, Maxine Waters sent a letter to HUD Secretary Marcia Fudge, TAF, ASC and AI regarding ongoing appraisal bias and discrimination. She is calling on the federal regulators and AI to investigate appraisers’ misconduct and potential illegal discrimination. Appraisers,….

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NAR and Representation of Appraisers

Appraisers Blog

As Real Estate Appraisers, we are encountering an assault on our profession from the GSE’s with the hybrid appraisal reports, the rollout of the new desktop product and with appraisal waivers. As appraisers, we need. Related Posts: Are You a Hybrid Appraiser?

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FHA Extends Appraisal Validity Period

Appraisers Blog

On July 12, 2022, the FHA announced that it is extending the initial appraisal validity period from 120 days to 180 days and the appraisal update validity period from 240 days to one year. FHA Implements Revised Appraisal Validity Period Guidance Today, the Federal.

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Appraisers Are Historians

Appraisers Blog

It is gratifying when appraisers are correct, and the AVMs burn; unless you invested in their stocks. As an appraiser since the 80s, I have yet to find a computer that can tell me if I want vanilla or chocolate ice cream. The post Appraisers Are Historians appeared on Appraisers Blogs.

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FNMA Ensnares Appraisers in Farcical Probes

Appraisers Blog

You feel like Fannie Mae is simply trying to get rid of appraisers. A lot of appraisers feel that way… “Even amidst tragedy there is sometimes farce,” wrote author Daniel Prokop. No to Desktops with Third Party Inspectors Hybrid Appraisals were tested and failed.

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How to Destroy the Appraisal Profession

Appraisers Blog

This is especially true in the Real Estate Appraisal profession and the newly introduced H.R. Bill entitled: Fair Appraisal and Inequity Reform Act of 2022. Are You a Hybrid Appraiser? We won’t take appraiser trainees, but we’ll take real estate trainees.

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Violating Appraisal Independence Through Harassment, Intimidation & Coercion

Appraisers Blog

It shall be unlawful… to engage in any act or practice that violates appraisal independence… Appraisers, I have written the info below, which you may use if you desire to send to your clients and local real estate offices. Low Appraised Value = Racial Bias?

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Federal Valuation Agency Impact on Appraisers & the Public

Appraisers Blog

To establish an independent agency to be known as the Federal Valuation Agency that would oversee the appraisal industry in the name of “equity.” Related Posts: Federal Agency in Charge of Appraisers Having a federal agency in charge of appraisers will be a NIGHTMARE.

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Appraisers Getting Death Threats

Appraisers Blog

Several appraisers have informed us that they have received death threats simply because they have been outspoken online refuting the racial bias narrative and the allegations of racial discrimination in the appraisal profession that is being utilized to remove appraisers from the lending equation.

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“Flavors” of Appraisal Reports

Appraisers Blog

Appraisers, recent watercooler discussions by appraisers focus on the new ‘desktop’ appraisals many will be requested to do. Appraisers, I’ve…. The post “Flavors” of Appraisal Reports appeared on Appraisers Blogs.

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Desktop Appraisals: Has The Devil Infiltrated The Public Trust?

Appraisers Blog

Are desktop appraisals with third-party inspectors protecting the public, or are these products about to destroy the very profession I love so much. The Uniform Standards of Appraisal Practice (USPAP) are the key to maintaining public trust in real estate transactions. Appraisers,….

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Property Data Reports for Appraisal Waivers

Appraisers Blog

These Property Data Reports have a higher level or different reporting requirements than ordinary traditional appraisals. Related Posts: No to Desktops with Third Party Inspectors Hybrid Appraisals were tested and failed.

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Slow VA Appraisal Turnaround Times Is Overblown

Appraisers Blog

The bill will encourage important reforms to the agency’s requirements regarding when an appraisal is necessary, how appraisals are conducted, and who. The post Slow VA Appraisal Turnaround Times Is Overblown appeared on Appraisers Blogs.

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Commercial Appraisal Reports: How Much Do They Cost?

Appraisers Blog

Every business that owns a commercial property will require an appraisal. Commercial real estate appraisals are necessary when acquiring or selling a commercial building. As with home appraisals, commercial property appraisals offer unbiased, third-party insight into their value.

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Lender Liability for a Negligent Appraisal?

Appraisers Blog

Does a mortgage lender have liability to the borrower for a negligent appraisal? Leaving aside the appraiser’s potential liability, does a mortgage lender have liability to the borrower for a negligent appraisal? The post Lender Liability for a Negligent Appraisal?

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Appraisers Liable for Third Parties Data

Appraisers Blog

Ultimately the appraiser is responsible and liable for data collected by third parties. There has been a lot of discussion and debate among appraisers around liability issues for data collected by third parties for hybrid and desktop appraisals.

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Wells Fargo Workers Went on Appraisal-Fraud Bender

Appraisers Blog

Loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify for so-called appraisal waivers… It feels like Ground Hog Day all over again. Remember when we heard an appraisal waiver will save the borrower money?….

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Federal Agency in Charge of Appraisers

Appraisers Blog

Having a federal agency in charge of appraisers will be a NIGHTMARE. ALL appraisers should be SWAMPING their state representatives with calls & emails in OPPOSITION to newly introduced H.R. Bill entitled: Fair Appraisal and Inequity Reform Act of 2022. Biased Appraisers?

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Biased Appraisers? I Don’t Think So

Appraisers Blog

Story after story was told about how appraisers had produced a “biased” report. Related Posts: How to Destroy the Appraisal Profession Anytime the government gets involved in an issue, it tends to have more adverse effects than positive ones. The post Biased Appraisers?

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PAVE May Pave Over Appraisers

Appraisers Blog

The blame game against appraisers is continuing the fast and furious start, evidenced by the PAVE report. A synopsis is in the link: PAVE task force delivers plan on appraisal bias – Lexology Key info from the PAVE report.

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Appraisers Should Voluntarily Follow ANSI for Desktops

Appraisers Blog

Can someone explain how we should voluntarily follow ANSI standard on desktop appraisals? Appraisers, Fannie Mae has released a new FAQ document to help you understand how to implement and adhere to their ANSI measuring and reporting requirement. Appraisers, an appraiser….

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AMCs Take a Sizable Cut of the Appraisal Fee

Appraisers Blog

It still proves my point: Appraisal Management Companies take a sizable Cut of the appraisal fee… It was March 28th, 2018 that I wrote my very first blog post entitled “What’s not in your wallet?” The post AMCs Take a Sizable Cut of the Appraisal Fee appeared on Appraisers Blogs.

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FTX Bought Government’s Silence; Did Fintechs Buy Attacks on Appraisers?

Appraisers Blog

The nation’s 80,000 licensed real property appraisers should pay close attention to the manipulation of Washington by FTX, which turned out to have the characteristics of a Ponzi scheme. You Are a FEE Appraiser Not a FREE Appraiser you are a FEE appraiser, not a FREE appraiser.

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Justice for Texas Appraiser? You Bet. Price Tag: $99,000

Appraisers Blog

The Texas Appraiser Licensing and Certification Board is a hot mess, but one with a malicious and callous streak. Based on this doctrine, the feculent fingers of the Texas Appraiser Licensing. The American Guild of Appraiser recently wrote to….

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Imagine Running the Lawn Mower Industry Like the Appraisal Industry

Appraisers Blog

The appraisal industry should be as straight forward as lawn mowing, but due to the special interests pressures within the value industry, it has become convoluted and dysfunctional. Can you imagine if they ran the lawn mower industry like they try to run the appraisal industry?

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Appraisers Should Closely Watch Probe of Departed Brookings Boss

Appraisers Blog

If the allegations are true, it means the think tank, under the general’s watch, was secretly taking illicit cash from at least one outside interest group at a time it was engaged in research that irreparably damaged the reputation of the nation’s real estate appraisers.

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Appraisers Take Heed

Appraisers Blog

Related Posts: PAVE May Pave Over Appraisers The blame game against appraisers is continuing the fast and furious start, evidenced by the PAVE report. The post Appraisers Take Heed appeared on Appraisers Blogs. Her plight is an attack on occupational licensees everywhere.

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Appraiser Bias Allegations Unmask Debt Traps

Appraisers Blog

Claims of tainted appraisal unmask something else… the renewed “churning” of mortgages by nonbank lenders. Similar claims of tainted appraisals have surfaced in Philadelphia, Chicago and, more recently, Maryland. Low Appraised Value = Racial Bias?

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Floor Plans Could Be an Issue in Appraising

Appraisers Blog

…concerns that appraisers could be sued for making floor plans of a home… I’m an AI “member” (because I pay membership dues) even though I’m not supposed to say it that way. Technically, I am an Appraisal Institute Practicing Affiliate. Appraisers, an appraiser….

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CFPB Investigations in Alleged Appraisal Discrimination

Appraisers Blog

The Consumer Financial Protection Bureau (CFPB) has started investigating alleged appraisal discrimination. Will this be detrimental to appraisal management companies that operate under the fast and cheap mentality?

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Appraisal Foundation, Like Khloe Kardashian, Rattled Tin Cup for PPP Alms

Appraisers Blog

What could this fashionista and socialite have in common with the Appraisal Foundation, an obscure publisher with a government franchise and guaranteed annual grants from a tiny captured federal agency? Appraisers Should Bristle Stealthy vice again masquerades as public virtue.

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Census Tract Info Used Against Appraisers

Appraisers Blog

Related Posts: Analysis of the "Appraisal Gap" White Paper My critical analysis of Freddie Mac's "appraisal gap" white paper Appraisers, this is not an easy essay to write. The post Census Tract Info Used Against Appraisers appeared on Appraisers Blogs.