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| Functionally Obsolete Appraisers (Click Link for Full Article)
"Functional obsolescence is the reason many appraisers are going out of business. On a daily basis appraisers moan: 'It's because of the HVCC thta my business is down' or 'that AMC or X or Y or Z caused by income to decline.' Really? Are you sure? So why is my company buried in business and you're not?" Flight to Quality (Click Link for Full Article) "Late one evening last week, I sat in the corporate offices of one of the nations largest mortgage lenders and watched the owners break down and cry at the thought that their company would go out of business within twenty-four hours. A multi-billion dollar mortgage lender was about to go...... poof!" Mortgage Brokers - You've Been Set Up (Click Link for Full Article) "Mortgage brokers, you were set up to be the 'fall guys' the ;patsy' in the next S&L bail out. Having mortgage brokers blamed for our mortgage mess was planned about fifteen years ago. Didn't you know?" It's A White Collar Thing (Click Link for Full Article) "Unfortunately cops, from patrol officers to police chiefs have become involved in real estate and mortgage fraud, and most officers don’t know it. Now the last thing any of us needs are cops becoming involved in felonies . . . so we suggest listening up!" Data Stripping (Click Link for Full Article) "Stripping appraisal data, the hidden problem brought about by… Last evening I had a nice discussion with a person from a software company. He described how two versions of an appraisal could exist; my technology friends call it “normalization!" |
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