Five Suggestions for Honest Appraisals by Doug Quenzer, Quenzer Appraisals, Inc. As we all know, lender pressure can vary but I agree that ultimately it is the appraiser who says yes or no. I’ve been there many times. The real question is how do we get rid of appraisers who always bow to lender pressure?…
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Fighting Back By Sam E. Blackburn Client pressure, especially from mortgage brokers, continues to be a serious problem for appraisers. Lender pressure will continue to be a problem until Congress enacts predatory lending legislation to prohibit unethical conduct. As long as lenders and brokers control who receives appraisal assignments and can act with little fear...…
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Mortgage Broker Information by State Editor’s Note: These regulations were taken in 2002 thanks to http://www.bankrate.com/nsc/news/mtg/20010104b.asp. STATE REGULATOR (linked to Web site, where available) CONSUMER HOTLINE WHERE TO CHECK YOUR BROKER’S LICENSE INFORMATION SELECTED REQUIREMENTS Alabama (No regulations) N/A N/A N/A N/A Alaska (No regulations) N/A N/A N/A N/A Arizona State Banking Department 1-602-255-4421 Licensing…
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Reaction to the Home Valuation Code of Conduct (HVCC) and appraiser management companies (AMC) can be summarized as follows, according to the Appraiser Talkback Blog and Survey:
Appraiser selection by AMCs is mostly based on the lowest bid and not on quality or competency, and the fees, generally, are not adequate to keep many appraisers in…
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I was reading the Working RE survey results and have a few thoughts outside of the survey questions. The story states that many appraisers have gotten out of the profession due to lack of business. I'm curious why they have a lack of business.
I'm currently a Certified Residential Appraiser. I've been doing appraisal work for…
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Mortgage Broker Fun Facts Felons Can’t Vote in Florida but are Free to Fleece the Public From the Miami Herald: http://www.mortgagenewsdaily.com/7242008_Florida_Felon_Mortgage_License.asp The Miami Herald’s investigative team reported on Sunday that the state has approved over 10,000 mortgage broker licenses for convicted felons since 2000; over 4,000 were issued to individuals who had been convicted of…
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