Editor’s Note: The following Q&A with MARI results from its name coming up again and again as the source of complaints against appraisers. The responses are from Merle Sharick, Vice President – National Manager of Business Development, Mortgage Asset Research Institute (MARI), a ChoicePoint company. Mr. Sharick has been at MARI for four years, after...…
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Appraiser Blacklisting: Fighting Back by Cary Barker, WRE Assistant Editor Blacklisting can do damage to your reputation, your bottom line and in some cases, your health- especially when you can’t get answers or help. Here’s how one appraiser, banned from the approved list of a large national lender, did get answers and ultimately, satisfaction- but not...…
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After over two years and many tens of thousands of dollars in lost revenue, appraiser Bill Smith fought his way off Citibank’s infamous “do not use list.” Here’s how he did it.
To begin with, Smith (not his real name), has a “can you top this” aspect of how he was blacklisted in the first…
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Readers Respond Fighting Your Way off Blacklist After reading your article, I am in the process of trying to make the same complaint to see if it gets me anywhere. They (very large bank) don’t give you a chance to rebut or even threaten you. They simply send you a letter stating you have been placed…
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Blacklisting with a Twist By Isaac Peck Last issue Working RE reported on an appraiser who was given a tough choice by Chase Bank: violate USPAP by discussing an appraisal with them – an entity other than the client, or face blacklisting (Lender’s Choice- Summer 2012). This time, Chase is offering a third option to...…
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The new normal for too many appraisers these days is being banished to a “do not use” list by a lender, without any opportunity for rebuttal or even knowing why. Now here’s a new twist: at least one large lender is giving appraisers the chance to rebut a questionable review- the problem is that doing…
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