Comments for LeadPress Mortgage Websites

Comment on HVCC: Home Valuation Code of Conduct Update by Ken Schmidt

Ken Schmidt — Sun, 25 Jul 2010 16:25:46 +0000

In a market that’s already being “drug through the mud” (i am in Phoenix)and is really struggling to climb out. HVCC is just another Bureaucratic hoop we have to jump through and it IS NOT helping

Comment on HVCC: Home Valuation Code of Conduct Update by Alison Shuman

Alison Shuman — Thu, 22 Jul 2010 02:51:40 +0000

Low appraisal fees = less experienced appraisers = values all over the place, low and high. While some of the goals of the HVCC are laudable, the implementation of it is flawed and must be re-addressed.

Comment on HVCC: Home Valuation Code of Conduct Update by Retired Appraiser

Retired Appraiser — Sun, 02 May 2010 20:17:03 +0000

You hit the nail on the head buddy. As long as you guys continue to compete for the lowest fees (even though they ask for 15 comps) YOU ARE THE CAUSE OF THE PROBLEM.

I am amazed that appraisers were unable to comprehend that a simple 1 to 2 month strike would have solved the problem and forced FNMA to rewrite HVCC.

The bottom line is that HVCC is based purely upon an EXTORTION BUSINESS MODEL…give up 50% of your monthly income if you choose to remain in business.

I have no pity for those who continue in the struggle to survive off of the appraisal bones that AMCs are tossing out. Today it’s $175…tomorrow it’s $95. You guys are idiots.

I didn’t hesitate to close my business of 18 years. If I wanted to be raped on a daily basis I would go share a jail cell with Bubba. I would also choose losing everything I own over being screwed daily. It’s called integrity guys.

Comment on HVCC: Home Valuation Code of Conduct Update by Retired Appraiser

Retired Appraiser — Sun, 02 May 2010 20:09:04 +0000

Ray you are exactly right. Extortion is illegal except when a politician is involved. Senator Jim Bunning seems to be especially fond of the Home Valuation Code Of Conduct for some reason. I’m guessing that his old geezer retirement nest is being feathered by a few of the larger banks of the country. He was made aware of the HVCC plight nearly 18 months ago by my office. He chose to sweep the issue under the rug and has yet to comment on it publicly. Note that although the House Of Representatives has already passed legislation to halt HVCC, the Senate has refuses to touch it. The Consumer Protection Bill that is currently before the Senate has been scrubbed free of any reference to HVCC. Another telling sign that banks continue to control the Senate in every respect.

Cheers: to Senator Bunning and all of his dumb ass old f*ck collegues.

Comment on Zillow Mortgage Marketplace: Mortgage Rates and Quotes by Travis Penny

Travis Penny — Wed, 10 Mar 2010 18:01:25 +0000

This is a pretty good service I just started with. I will let you know my feedback when I get further along with it.

Comment on Ellie Mae Encompass Loan Origination Software by BloodhoundBlog.com | How Can The iPad Can Change Mortgage Marketing? It’s The App, Stupid | National real estate marketing and technology blog | Realtors and real estate, mortgage and investment news

Mon, 01 Feb 2010 05:28:22 +0000

[...] the ability to convert to a full loan application screen. All that data has to interface with my loan origination system (LOS) so that I can pull credit and secure an approval. Then the app has to have a document [...]

Comment on 3 Questions with LeadPress #1: Dustin Luther by Rhonda Porter

Rhonda Porter — Sun, 24 Jan 2010 06:24:22 +0000

My google alerts somehow missed this video–so glad I stumbled on it. Thanks Dustin for the recognition :)

Comment on HVCC: Home Valuation Code of Conduct Update by Ray K

Ray K — Sat, 16 Jan 2010 16:55:17 +0000

The real reason appraisers have not been able to fight the HVCC is the reason the HVCC was created in the first place, appraiser independence. We are not an organized group, most of us work for ourselves or a small appraisal firms. If the AG had a problem with an appraiser why did he not target the culprit and not the industry. If there is a bad cop do you change the entire police dept. or go after the bad cop. I agree that there are some bad appraisers, and I think everyone will agree there are some bad politicians.
Wasn’t the creation of the HVCC blackmail or extortion, but I guess that is legal from a politician. Maybe the Supreme Court needs to get involved.

Comment on HVCC: Home Valuation Code of Conduct Update by Jas Parsons

Jas Parsons — Thu, 14 Jan 2010 21:52:40 +0000

Let me see if I’ve got this right, Gregg Wynn. I am supposed to stop taking appraisal orders for $250 instead of the $350 that I got for over fifteen years, so that I can receive $0 and a big long vacation from work. I should also go find a job elsewhere in this broken economy (so many jobs to choose from). My mortgage will get paid, my car payments will get paid, my children’s education will get paid, by who again?

Not every appraiser that is accepting these cutrate orders is an “ignorant newbie”. Some of us are still trying to make a living here. $250 is better than nothing. I guess some of you out there can afford to quit appraising. Not me. I suppose when my work gets down to the sub $20/hr rate, I will have to try something else (is McDonalds hiring?). I’m in my fifties and that is not a good age to start a new career. I will, however, continue to write appraisals to the best of my ability. It looks like this industry won’t last much longer though, and I will be forced to give up my lifestyle and be more of a burden on society. The fact that our government let’s all of this garbage happen makes me sick. “Home of the free”, my ass. Free is only available to those who can afford it in this country anymore.

Comment on HVCC Repealed: How HR 3044 Might End HVCC by Ralph Ferrara

Ralph Ferrara — Wed, 06 Jan 2010 14:48:21 +0000

What do you mean AMC’s and banks are not “together”?. Chase has a controlling interest in Quantrix, Countrywide a controlling interest in Landsafe (whether they exist today or not), And several others have, simply by attrition and volume (read “profit”) control over other AMC’s. I know Bank of America has a strong influence over a certain amc. I have been a residential appraiser for @ 16 years and worked hard to build a client base and worked extremely hard to turn out the best product I am capable of, and to build a trustworthy repuation in my area of coverage. I had relationships with some lenders and local brokers in which I could tell them up front “hey, you have a problem here with this deal/property”, and they valued my opinion. In one fell swoop that all went away and right now I am struggling to stay afloat. Struggling to the point that I may lose my home, etc. My income has been reduced that dramatically. I know we are in bad economic times, but the hvcc/amc’s are like pouring gasoline on a fire. I deal with several AMC’s and while some of them are better than others, we, as appraisers, are basically dealing with clerks. They dont know me any more than they know the next guy. I love what I do and cannot imagine doing anything else. I am sure I speak for many fellow appraisers when I say we are being forced out of a business we have put a lot of blood, sweat, and tears into. There is value in the product we provide. What’s next?. Eliminate the appraiser altogether and run “zillow” or some foolish avm on every property??. The lender may as well throw a handful of numbers in the air and chose the one you catch. The objective human element (a good, knowledegable and objective human element) cannot be take out of the equation with the expectation that the result will be worth the paper on which it is printed. I see hr3044 has been sitting dormant for a few months now. I fear its status will be the same two years from now.
That is my two cents….