Posted by Cochise on May 16, 2009 at 11:59:21:
In Reply to: Lies, Fly's and MAI's Appraisal Institute Fraud posted by Cochise on June 10, 2008 at 10:53:16:
More Lies From the Appraisal Institute
More Lies From the Appraisal Institute
“Yesterday, Thursday, appraisers may have had 50 or 60 clients that they could deal with, so if they were getting undue pressure from somebody they could just tell that client no, I'm not doing any more work for you,” says Jim Amorin, of the Appraisal Institute. “Today the number of players in the field have been drastically reduced to generally these appraisal management companies, so the pressure that's going to be brought to bear on appraisers we fear is going to be as strong if not stronger than it was before, the whole thing the code of conduct was trying to address.”
Frankly, Mr. Amorin and the Appraisal Institute are full of it! They have been in bed with the major lending institutions for at least 25 years, and their (MAI) appraisers are primarily responsible for “DEBOCLE ONE.” They are also an integral part of the Appraisal Foundation, who are responsible for appraiser governance, and did nothing to interfear with the rising home prices which caused “DEBOCLE TWO.”
His suggestion that an appraiser would have 50 to 60 clients at any one time is ridiculous, I have been in the Real Estate Business for over 30 years and have never met an appraiser who has had more than a handful of clients at a time. His second statement is base, specious, and borders on FRAUD, The number of “players” (as if this were a game) has not changed as a result of the Home Valuation Code of Conduct, fee appraisers are free to work for whomever they choose. If appraisers chose not to work for Appraiser Management Companies they, the AMC, will subsequently go out of business, Isn’t this how business is supposed to work.
The one thing you will never hear form opponents to the HVCC is that the financial institutions will be required to fund a private organization to monitor complaints from appraisers, about lenders and AMC’s. Something that this industry has never had, and desperately needs. I can personally recall a large number of times that I felt pressure and had no one to call. If they do their job properly AMC’s who attempt to apply pressure will again, I believe, be forced out of business.
I am not involved with any appraiser management company and personally think that they should be prohibited, to protect the consumer from unnecessary costs, but one thing is absolutely certain, our industry needs to free of the Appraisal Institute and their LIES!
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