Related important consideration data. Licensed real estate appraisers have been sounding the alarms for many years. The appraisal industry is unraveling at an accelerated pace due to the racketeering. Finally, I’m not the only other person using the correct terminology for what’s going on here. RICO.
Please take a minute to read some of the unique hand written articles on this appraisers website. Written by licensed professionals. News and educational data relating to mortgage lending systems and regulatory structure shortcomings you will find no where else online. The entire industry is captured by special interests and most people have no idea how many significant fundamental changes through both GSE policy and technical apparatus and tools, have recently been finalized and implemented industry wide in mortgage lending. A substantial portion of decades worth of regulatory oversight and restriction has been sidestepped and disregarded, or simply rewritten. Consumer protection appears to be the last thing on the priority list.
Thank you for your attention to this vitally important issue. Feel free to post on the Appraisers Blogs website as well if you’d like. First time you’ll get an administrative hold until you’re approved, to prevent the constant spam, then you’ll be good to go after that. You don’t need to be an appraiser to post there.
We have been sounding the alarm and attempting to warn the public about these issues for decades. In the final hour as the entire system moves back into the hands of financial predation in a historically blown up housing bubble, hopefully more people will pay attention. Everything you hear about in mainstream news in terms of housing market issues, everything in one form or another ties back to the removal of full service human real estate appraisers. They sell this to the public as a convenience and reduced cost situation. Nothing could be further from the truth, removal of the independent check and balance appraiser position in favor of internally controlled avm black box valuation utilities, that’s among the most important root causes of the issues today. Every incremental reduction of the appraisers presence has correlated with an increase in fraud and runaway home pricing.
Please review some of the hand written appraiser articles, linked in this below post.