Compliant Appraisers: Creating a Level Playing Field A growing number of appraisers are compelled to turn in colleagues for what, in their judgment, is incompetence and/or fraud. Here is a template of an actual complaint which was heard and acted upon by a state board. Phil Rice, appraising eight years, said he filed this complaint...…
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According to appraiser David Smith, AMCs just need to be told to do their job.
“When an AMC receives a request from a lender for more information, BANG, it is immediately forwarded to the appraiser for correction without the AMC reviewing the legitimacy of the lender’s request,” says Smith (not his real name). “I often wonder…
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Editor’s Note: Appraiser Phil Spool shows how an effective engagement letter puts you in control of an assignment. Doing it Right: Engagement Letters by Phil Spool, ASA Now that many of you are searching for new non-lender clients in the aftermath of the mortgage crisis and HVCC (Home Valuation Code of Conduct), it is advisable…
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