Appraisers Blog

DECEMBER 20, 2023

The same happened with me. Bought back mortgage, complains by Fannie Mae sent to me after the dead line of the response, still responded (8 hours work). A year later a letter was received from DPOR with the same Fannie Mae complains… waiting for the results. Silence for a year.

Appraisal 81

Appraisal 81

Appraisers Blog

OCTOBER 25, 2023

Earlier or later, if not now already, you will be accused by fannie. Would it be possible that these complains would reach your state license agency? Maybe go ahead of time and help those who are accused now, and your future yourselves? In VA it is DPOR, The Appraisal Board. (I If you leave, let the Appraisal Board know why you are living.

Appraisal 85

Appraisal 85

Appraisers Blog

OCTOBER 18, 2023

Which is why three out of four appraisers refuse amc service and appraisers like myself continue to argue for the complete dismantlement of the amc industry, and against all these appraisal modernization efforts, in the interest of general consumer protection. In reply to Eric Kretz. History repeats as the bubble bust cycle continues.

Appraisal 84

Appraisal 84

Appraisers Blog

OCTOBER 22, 2023

You’ve inspired me to want to insure lawn mowers. Dear Fannie; Oh never mind, they don’t actually read any commentary. Some agents seem to think their days are numbered due to pending automation as well. Like most agents unaware what’s just around the corner for them too. Somewhere out there, someone else cares.

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Appraisers Blog

OCTOBER 20, 2023

Appraisers] are ranked in their cascading process as #5 [dead last] for Collateral Valuation. #1 1 is an AVM. #2 2 is an AVM + Property Data Report, prepared by a ‘trained’ PDC. A PDC is most likely a R.E. Agent, but could be an Uber-Lyft driver, or even an appraiser, for $45-$75. Some might even use the term Conspiracy to describe what’s going on.

Appraisal 81

Appraisal 81

Appraisers Blog

NOVEMBER 17, 2023

Told me to call their legal team.they would know Clueless! It doesn’t seem our boards are into fighting this… so if the Appraisal Institute is good with these changes where do you go I called them. They knew NOTHING!

Appraisal 79

Appraisal 79

Appraisers Blog

NOVEMBER 9, 2023

Hope you don’t lose business over this one and no claims are filed against your E and O.

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Marketability 78

Appraisers Blog

OCTOBER 18, 2023

It may be practically impossible to actually sue or litigate against the gse companies, but perhaps could be possible to start turning each and every one of these events into singular complaints sent back to the actual licensed appraiser workers at the company? You got off easy. A purely unpredictable event.

Appraisal 65

Appraisal 65

Appraisers Blog

OCTOBER 20, 2023

I’m 63 and many around me were saying this is a great opportunity to retire. I’m a Certified General Appraiser that started appraising in 1984, almost 40 years ago! Spent the majority of my career appraising both residential and commercial properties in a major metropolitan market. I personally, don’t know anyone that can.

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Comps Appraisal Marketability Banking 64

Appraisers Blog

OCTOBER 20, 2023

Can anyone tell me if they ever received a “please review these comparables from FNMA” email and went “Oh – these are way better than the comparables I selected”? The reality is – it has been one heck of a process but they finally are getting it done. Who’s next? Title companies? That should be a $15.00

Appraisal 64

Appraisal 64

Appraisers Blog

OCTOBER 18, 2023

In reply to Mark Davis. Are you my clone posting as an alternate identity or something? Amazing takes, bravo. ‘If you want to know who rules over you, find out whom you’re not allowed to criticize.’ ’ 3

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Appraisers Blog

OCTOBER 18, 2023

I feel for you deeply on this, it brings back memories of the sick to the stomach stress I went through during my State complaint. They were not my client, and there were no complaints with the appraisal report itself, only that it was “late” for reasons outside of my control and the AMC rolled me squarely under the bus.

Appraisal 62

Appraisal 62

Appraisers Blog

OCTOBER 18, 2023

The government these days, let me tell you. Your post is interesting and makes me sort of want to find a jobs listing for state investigators in CA, check out the inadequate requirements. In reply to Douglas Kues. Dare to take a client questioning a government apparatus which intends to strip them of their land?

Appraisal 62

Appraisal 62

Appraisers Blog

OCTOBER 19, 2023

In reply to Mark Davis. Our wish is to save the republic and be left alone. It’s all the people whom fell into the debt traps that lost their ability to simply say no. There is no greater objection than absence.

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Appraisers Blog

OCTOBER 18, 2023

Except the difference is three out of four appraisers whom do not work with amc’s, blame the one out of four amc appraisers who do, for allowing this debacle to have gone this far in the first place. It’s a case of they sold it, enough appraisers bought it, and this is the end result.

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Appraisal Comps 61

Appraisers Blog

OCTOBER 18, 2023

In reply to Marika. The power of fake news corporate messaging media. A very real concern for the future of liberty and freedom. Somebody get Tucker Carlson on the line! You know on his very final Fox nightly episode, he was laughing at the preposterous notion that appraisers were racist. And then he was fired. Yeah, that actually happened.

Appraisal 60

Appraisal 60

Appraisers Blog

OCTOBER 20, 2023

I do have one question, and I probably know the answer, but will ask it anyway: Where does FNMA send the automated complaint (or any complaint) in the case of a hybrid appraisal when the subject data does not agree with CU?

Appraisal 60

Appraisal 60

Appraisers Blog

OCTOBER 20, 2023

In reply to Tom. I completely agree with you Tom. I’ll have to start bagging groceries at the local Kroger unless I can find something else useful to do with my time because appraising doesn’t seem to be it.

Appraisal 61

Appraisal 61

Appraisers Blog

OCTOBER 18, 2023

Fannie Complained against my report I was actually proud of after I sent it. It was complex… AI chose “better comps” than me. Good to know what’s waiting for me. I guess for fannie I am overqualified to be an appraiser. I guess for fannie I am overqualified to be an appraiser.

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Comps Appraisal 56

Appraisers Blog

OCTOBER 18, 2023

I’ve known it could be complex but never thought about the big string pullers off loading the underperformers and REO’s to mega investors. That seems completely realistic in the current lending environment. My AO has had a steady stream of mom and pop flippers for the past 20 years and that has all gone away.

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Banking 64

Appraisers Blog

OCTOBER 18, 2023

Chase did the same thing to me in 2008 as well. In reply to Jacob Landfair on Facebook. It was a very stressful process, but I was able to see the review performed and talk to the people at Chase and went much smoother than what the OP went through.

Appraisal 62

Appraisal 62

Appraisers Blog

OCTOBER 18, 2023

Glad I stayed with it, a well written journey from Kafka to Orwell. An entertaining story that captures the emotional conundrum between being happy they didn’t hang you, but pissed that the “authorities” put a rope around your neck.

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Appraisers Blog

OCTOBER 19, 2023

The Great Reset with CBDCs is the “smart guys'” exit strategy to cover for the inevitable collapse of the international banking system’s fractional reserve banking scheme they know is coming. This was the original purpose of the Second Amendment. This will be a step in the right direction, though.

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Banking Marketability 60

Appraisers Blog

OCTOBER 20, 2023

Again, those that manipulate the money should be pleased to have successfully begun the process of not only stifling new entries into the business, but also forcing the veterans out of business by frivolous and substantially incompetent complaint handling. Congratulations.

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Marketability 59

Appraisers Blog

OCTOBER 18, 2023

I spent over a year stressing over a baseless complaint to my state board from a disgruntled seller who accused me of racial bias because I appraised his house at market value and not the selling price. I will no longer do any work involving FannieMae or FreddieMac. I am seeking private work and its an arduous task.

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Appraisal Marketability 59

Appraisers Blog

OCTOBER 18, 2023

thank you for sharing this story, and it is a cautionary tale but does make me wonder if there is any recourse for appraiser’s that are falsely accused? a counter suit seems appropriate, especially since the State regulator was ‘surprised’ Fannie kicked the file back to them.

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Appraisal 63

Appraisers Blog

OCTOBER 18, 2023

It is truly evil how FNMA has decided to carry out these complaints to destroy peoples lives. I think most of the boards realize what’s going on and are dismissing these complaints but not all. Chase did a similar thing in 2008, more than half of all complaints were from them and the same is likely true of FNMA.

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Appraisers Blog

MAY 15, 2023

Fannie filed a complaint against me in August 2022. I just don’t think they care anymore about these Fannie Mae complaints and probably have written up some one size fits all letter about their findings. Still have not heard from the state board.

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Appraisers Blog

OCTOBER 19, 2023

There needs to be a comprehensive database of appraisers who are experiencing the attack of a mysterious black box sending complaints to state boards. What was the complaint, how did they fight back, and what were the results? This system remains consistent in its operation and how it “picks better comps.”

Comps 59

Comps Appraisal 59

Appraisers Blog

APRIL 28, 2023

The NC Appraisal board did an investigation on one of my reports and found me in violation of the “Board’s Rules” stating I did not provide a complete workfile. The NCAB had a brand new Investigator, as one of his first cases, review my complaint. I need a good lawyer.

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Appraisal 72

Appraisers Blog

OCTOBER 18, 2023

An agent told me the other day a big investment firm offered her a 200 homes lawn mowing opportunity. And now with the cost of money being more expensive, it’s getting really difficult for some lenders to acquire the new monies. Think jumping cd rates in the scramble to bring those dollars back to the bank. Genius really.

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Appraisal Banking Marketability 59

Appraisers Blog

OCTOBER 18, 2023

As I rapidly move toward a permanent vacation, I am sincerely hoping some team of really sharp lawyers start some class actions against this sort of harassment… and that they throw me a bone once in awhile. Mine was not FannieMae, but the line of accusations nearly identical in many instances.

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Start-ups Appraisal 59

Appraisers Blog

FEBRUARY 25, 2024

Are you aware of how many racial bias claims against an appraiser have been filed with the Department of Professional Occupation Regulation, Virginia Real Estate Appraiser Board? How many racial bias claims have been filed with the Federal Agencies? It is also a way for minorities to abuse your rights. So, who fault is that?

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Appraisal Comps Banking Equity 78