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Aaron Thomas
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I NEVER ASKED FOR THIS!! I asked for laws to regulate loan officers, if broken could be enforceable...that's it. I'm guessing that so did many others. That is a fair thing to ask of people that put so much regulation on appraisers, but none on LO's...
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I had an edge over many competitors through a superior internet presence. Most of my orders were from people that I have never heard of before. But that was the nature of the beast when values weren't "making the deals work". This internet edge over my competitors stopped, because brokers and banks are using AMC's now. AMC's don't search through the internet to find someone in a city....not anymore...they have there nice little lists now. The HVCC rendered my whole internet marketing mute (for mortgage work). I have received one whole order in the last three weeks and that was from an AMC related to mortgage work. I wonder if the reason for this is that everyone started to become HVCC compliant weeks before the deadline. I received three phone calls the week before the 1st and all three of them wanted me to agree to a value before they would consider sending over the order (which I didn't), and I asked them if they were aware that they could order FHA directly. Apparently, there is a considerable amount of loan officers out there that are under the impression that ALL orders have to go through AMC's (regardless if they are FHA or conventional) which is SAD SAD SAD!! I am not going to stay in this business if it means signing up with all the AMC's, working for half the fee AND getting phone calls endlessly from them because they wanted the report yesterday. Not to mention I don't feel comfortable with my judgment being called into question when they have another appraisal on the same property without any of the proper adjustments and reason they are bawking at mine is that it will not make the deal work. ONE WEEK INTO HVCC AND MY BUSINESS WENT DOWN IN FLAMES. Gee thanks government. I NEVER asked for this EVER. All I ever asked for was a couple of regulations for loan officers and such, something that was enforceable. Ok, I guess it is time to go back to filling out job applications. Bye everyone!
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Situation two is a refinance assignment.
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Valuer, Thanks for pointing out my misuse of the word "waist". College grads don't always spell the best. Hats off to you! To address your belief that there are never situations during discovery (inspection, phone calls, etc.) in which the scope of work can change, I can only say that it is straying from my intended point of the article. Thus I wish not to offend you in such a public setting.
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Valuer, After your 32 years of appraisal experience you never ran into a problem during the course of discovery that you did not see after you defined what you thought was the whole appraisal problem? Not once? If not.... that is quite impressive. But I think most get the point of the article, that being unethical should be an obvious thing even to ourselves when considering USPAP (as indicated by comparing the two situations).
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Steve, In situation two, I thought it was clear that the engagement was for a full appraisal usually required in a mortgage situation. Now days with the mess we are in, they almost always order a full appraisal (1004). It is hard for me to believe that anyone would as a normal course of business perform a limited scope appraisal on every single assignment related to a mortgage. If your point was to present some type of hypothetical that COULD get people "around" it, then I see your point. But if that is the case, then I think you might be missing the point of the article. The point of the article is that our first consideration should be USPAP for those who "think" they are being ethical and are not. I think we should all think about doing the right thing instead of always scheming and trying to come up with ways to get around the rules. After all, isn't that what us Appraisers complain about when it comes to mortgage brokers? Getting around the rules?
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Correct me if I am wrong, but isn't USPAP one of the courses that cannot be taken online? I thought we had to do it in person. I am about to take my USPAP course soon..
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