Please enter your email to receive our current datasheet. Im an appraiser too, not trolling and randomly defending people as many on here seem to think. For those that know me, those are exactly the kind of cases that we at AGA spend most of our effort trying to help appraisers defend themselves. It simply different than ABlogs is. I have no interest in attending any meeting that will further assist AMCs in their exploitation of our profession. Mark, Thank you for your response. just goes to show whos got the power. When a lender receives loan eligibility for agency loan programs that allow for an inspection-based appraisal waiver, UDC ensures fast and accurate collection and submission that meets both Freddie Mac and Fannie Mae data standards. It was so bad even ASC and FFIEC had problems with it. In this program, there are instances in which the value conclusion will be deemed unnecessary by investor rules. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management. This field is for validation purposes and should be left unchanged. A copy of this should be sent to the Georgia State appraisal Board in a formal complaint. Under current rules, any home valued at more than $250,000 needs to be examined by a licensed appraiser. . Delivering a reliable opinion of value for home purchase and refinance loans nationwide. My guess is you are just another amc troll and not an appraiser. Desiree, I honestly respect your well articulated post, and youre right, I shouldnt have disparaged Mike. Does that not have repurcussions for our industry? 2023 RISMedia. Real estate investing involves the purchase, management and sale or rental of real estate for profit. No its not. Were at war?.You have to sacrifice a few to save the many?Youre as dim as the author. We generally include authors' info at the end of each article. Save my name, email, and website in this browser for the next time I comment. Take the past 100 years worth of regulation and structure in real estate, throw it in the trash can and let the amc tech crew rewrite the entire industry in their image instead. Even if it were, WE have no client relationship with the pondscum that produced the format used. Why dont you read all the articles he has authored on this blog, and then go browse his website (http://www.mfford.com). Were clearly outnumbered by high pressure unlicensed unregulated advocates. Government investigations last for ever, Fraud continues from all sources. The Justice department was investigating. Clear Capital's Desktop Appraisal and Desktop Data Collection products follow the release of the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) Action Plan, which called for more objectivity and consistency in property details and information used in appraisals. $25 as an appraiser or $100/day as a Walmart Greeter. By the way, when you are pretending to be the Georgia appraiser you should use a completely different computer from a location outside of MA where you and Matt share the same ISP. The latest was that they were still working out some details. Appraiser compensation is $25!! They may have a table there where we can all waive to them. The "appraisal fee" was $250 but the AMC (Clear Capital) got $225, and this appraiser got $25 for each evaluation. 300 E 2nd St STE 1405, Reno, NV 89501-1508. Get more info about our property data collection program! Our commitment to excellence wherever it leads, whatever it takes is embodied by more than 1,400 team members across four brands (Clear Capital, Clario, CubiCasa, and REO Network) and has remained steadfast since our first order in 2001. ClearCollateral Review is now enhanced with automated critical checks throughout the appraisal review process, including: Confirmation that each photo is correctly labeled Validation that the. Whats the RegZ penalty again, 10k/20k, per instance, per day, or per both? Appraisers are fortunate to have the support of this outstanding appraiser, and such a caring and committed individual. Our program was co-developed with and designed for the major investors and top lenders, Early adopter in test-and-learn initiative with multiple top lenders, In development phase with other investors, Seamless and Integrated One of my favorite books. People have already been harmed by these two reports. Then, after consulting with others, a decision gets made about filing a complaint with the states the AMC is licensed in. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. No AMCs allowed at AppraiserFest Nov 1-3 or on the FB page 100% Real Estate Appraisers which founded the event. I dont believe its true, buts lets remember folks, we will lose whatever credibility our research earns if someone actually does start threatening harm to an appraiser; or even rude comments resulting from posts here. How much did you get paid for this review and article?? Keep that fee in mind as you read through the attachments. Unfortunately, this could result in legal implications for those parties. MY hope is that every person that reads these will ALSO file complaints. The question was rhetorical, they have already gotten away with it. Theyve already literally cleared out half of this industries workforce, claiming those monies for themselves instead. Traditional hybrid appraisals always feature two components: property data information completed by one individual, a final value conclusion completed by another. If you would like to understand more please contact me as this is much different than anything done before. Since 2019, Clear Capital has completed more than 250,000 data collections for agency loans that utilized various appraisal modernization programs. We have seen seismic shifts across the housing market in the past year, and the appraisal modernization policy work being done by Fannie Mae and Freddie Mac provides a welcomed change as alternative valuation approaches provide a crucial path forward for lenders and homeowners alike, said Kenon Chen, EVP of Strategy and Growth at Clear Capital. For more on Clear Capital and its products and solutions, visitClearCapital.com. Im not debating the quality of these products, theyre obviously flawed and should be used in a very limited capacity. Let me help you John-Matt, the answer is a resounding NO!. Hahaha. I was a lender/VP at a regional bank for many years before becoming a real estate broker and appraiser. I think all you really have to do is send him an email and maybe a few questions. If your reasoning is correct, that means any appraiser can obtain any other appraisers work and distribute it with no questions asked or repercussion. She has one hell of a territory ! ClearCast host Kenon Chen sits down with Stephanie Durflinger, SVP. Who said Im not? Our goal is to provide customers with a complete understanding of every U.S. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies. Learn More About Integrating With Clear Capital! Appraiser to employ hypothetical condition that a property exists which meets our sfr lending guidelines. And why are you so concerned with uncovering my personal information? They are like a REITs baby brother taking nickles and dimes from non accredited investors. The product being manufactured is you. Reports come in your choice of formats: CDA and CDA + Broker Generated Listing Report. 10:1 ratio-sounds about par. Im told ClearCapital that ordered this is out of Truckee California. Learn More About Integrating With Clear Capital! The public thinks all appraisers are interchangeable and the banks think they can break us and have us work for slave wages and compete with Mumbai, but not me. The reason none of those has ever been made public is they were good enough to maintain the illusion of being real appraisals and my advice to those sending them to me was either file state complaints or in four cases file state complaints plus ethics complaints with AI; or accept the existence of the bad work. Its a credibility issue. I find it kind of ironic that you want this referred to the FTC as you are the one leading the charge to try to fix prices in favor of appraisers. Why is it that a fee for an assignment an appraiser accepted the true underpinnings of such attacks on a human being? ). Its about taking care of our vendors and taking care of our clients with a higher level of integrity by combining what humans are good at with what computers are good at.. At Clear Capital, were here to support you. The company claims UDC will also provide flexibility, as eligible loans can be transferred to the agency, along with the loan program that meets a borrowers needs. Id never expect others to put their necks on the line for my posts though. An out of state appraiser was paid an inadequate amount to actually do the job properly that USPAP requires (since they were claiming USPAP compliance) & GOT CAUGHT doing crappy work. There was reportedly some additional conversation that is purported to entail improper and undue pressure on the appraiser that was doing the inspection. The matter in question is a cma, not an appraisal. They should have been aware that down the road the owner of the property that purchased it based in part of their desk appraisals as repaired value might become upset enough to make the report public when it wouldnt appraise for what they claimed the repaired value would be. Thank you Baggins, you are a big help, take care. Or that he can file with CFPB also. The solution also leverages CubiCasa, a global-reaching real estate software company, to produce digital floor plans that provide Digital Gross Living Area (GLA), aligned with the American National Standards Institute (ANSI) standards. I feel like Im in the Twilight Zone, Michelle Shoven, an appraiser that does everything To other appraisers shes the most unwelcome addition to the industrybut without her youd never enter the Twilight Zone. So far I have not found many details. I simply only had the one with the second being verbally communicated to me regarding same pictures and verbiage. Just FYI, Mike Ford is a valued member of our industry and spends countless hours helping, mentoring and supporting appraisers throughout the nation, and he does it VOLUNTARILY. lol. Hybrids are not even mentioned or separated in the columns when filling out the application but lumped in with 1004s,etc.. If they get four or five complaints on same person on same issue they will have little choice but to open investigation. Clear Capital has launched Universal Data Collection, designed in compliance with new Fannie Mae and Freddie Mac standards. UDC is supported by Clear Capitals ClearInsight Platform and will leverage CubiCasas software for digital floor plans. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet. Bankers arent going to do it. The appraisals are labeled as being USPAP compliant. I have it on good authority that after this flipper was funded by Groundfloor, he couldnt get an appraisal to make value for him to make a profit. Then, we combine human expertise with analytical insights for valuations that help you make better decisions, Learn more about our Modern Appraisal solution, ClearCollateral helps you build a clean audit trail by quickly identifying risks in existing appraisals, Use ClearAVMTM, Home Data Index, ClearQC and other tools to uncover insights into real estate property values. Lenders can purchase a package inclusive of Clear Capitals Desktop Appraisal and Desktop Data Collection solutions, or opt for Desktop Data Collection as a standalone product. Do you really think you have persuaded anyone here? Clear Capital intends to develop a PAREA program for public use, pending AQB approval. Your email address will not be published. Thanks for posting this Appraiser Blogs and whoever shared it with the author thank you too! With over 1,500 Associated Brokers and Agents, PalmerHouse Properties is the 10th largest Georgia real estate brokerage in 2016 closing over $1.32 Billion. Wow great work Mike Ford. Please enter your details below to grab your copy! Guess what..this IS an appraisal as its a value rendered and signed by a certified appraiserGuess what.this a proprietary report obtained by a client that has a loan number and borrower nameSo, you think posting this NPI to a public site BY AN APPRAISER doesnt harm the consumer?..again, not defending the product, just pointing out the obvious hypocrisy of this authors self-fulfilling prophecy. Plus, it's being added to Encompass by ICE Mortgage. The reduction is 0.15% except as noted below: The reduction is .30% for subsequent users with less than 5% down on purchase transactions. Eric, I have entered my email address on the website. Download Digital GLA/ANSI Alignment Datasheet, Download ClearCollateral Review Datasheet, , a national real estate valuation technology company, today announced the launch of, , the latest in the Companys suite of products designed to support appraisal modernization. Money for nothing with no individual accountability is a powerful motivator. NONE of us do such perfect work and we cant all be found with an i that isnt dotted or aT left uncrossed. Download the About Clear Capital One Sheet, Download Desktop Data Collection Datasheet, Download ClearCollateral Review Datasheet, Download Collateral Desktop Analysis (CDA) Datasheet, Download ICE Mortgage Technology Product Guide, Download ICE Mortgage Technology Case Study, Download ICE Mortgage Technology User Guide. I HAVE NO CLIENT in this case. Get more info about our property data collection program! Much larger than bonds and stocks, which respectively rank second and third by total market cap. These specific cases involve issues that need to be brought before regulators attention to take care of the problems before the entire profession of appraisal loses whatever limited credibility it still has. More or less than the appraiser? Been verified says her phone number is 219-448-0697. Ryan Hall Get more info about our property data collection program! But wait a minute. This field is for validation purposes and should be left unchanged. The language clarifies that the appraiser completing the new form did not physically inspect the subject property, and is instead relying upon the Property Data Collection as a data source in their appraisal. You think a guy that owns and operates 12-14+- offices in three different states, and seems to be a pretty big deal brokerage is actually going out and inspecting these properties himself? Thank you Hooligan for the heads up, Mike. I totally support your mission, but I dont think doing it this way will be effective. Let me correct this. ASC doesnt seem to have the will, mandate or authority. I do appreciate your respectful post. http://palmerhouseproperties.com/?aios_agent=earl-farmer-jr#, Actually there is no signature on this report or its fraternal twin. Thanks Baggins! Technology Platform, All property data, information & photos flows efficiently through the process from start to finish, ClearInspect App for onsite property data collection, Data & analytics support the appraisal process, Comprehensive order fulfillment integration, Consistent Property Data Collection (PDC) quality and completeness in real time with ClearInsight, Appraisers recruited and trained to focus on hybrid appraisal solutions, Strategically located Field Staff Appraisers via Clario Network In this competitive environment, standing out is paramount for reeling in more business. Even non FRT appraisals that claim to be USPAP compliant are within the jurisdiction of the state where the values are opined. The proposed change would raise that number to $400,000, well above Houston's median home. Well said, Mike! Wait, I know, the lender gets a deal out of it.lol..have mercy on this appraiser soul ! 2. I dont think they have jurisdiction otherwise. The appraiser signs as a reviewer at the end of the certification. Regardless of outcome, I am reassured by that States AG Office taking the responsibility to investigate whether its appropriate for an out of state appraiser to be doing appraisal work in another statefor property they never saw and for which there may not be any level of geographic appraisal competency. We need to refuse any of this type of work and get people out of the business, particularly when she doesnt know what she is doing! Now primed to replace the rest, capture the complete whole of the valuation service industries income potential, eliminate licensing in general, actively advocating towards those ends daily. Approximately 168 million appraiser earning dollars absent due to the aggressive nature of these products, and that does not even consider the much larger portion of fee skimming and unearned fee raking. Our goal is to provide customers with a complete understanding of every U.S. property through our field valuation services and analytics tools, and improve their workflows with our platform technologies. Sign it in a few clicks Draw your signature, type it, upload its image, or use your mobile device as a signature pad. We understand that customers have different needs from simple to complex. Why Use Clear Capital Commercial Evaluations? Check on your order status at any time, then share your report files with your key stakeholders. We wanted to provide an efficient and cost-effective method for data collection ordering and management that satisfies appraisal modernization policy changes, and delivers more confidence in closing times along with a faster, lower-cost experience for consumers, said Dan McAlister, Director of Product Management for Clear Capital. The solution also leverages real estate software company CubiCasa to produce digital floor plans that provide Digital Gross Living Area aligned with the American National Standards Institute standards. Funny how CC work sorta dried up after I used my brain. WE need a voice and Voice of Appraisal is also a founder of the Fest. The companys panel of more than 4,200 background-checked and trained real estate brokers/agents enables lenders to provide 97% coverage nationwide with proven performance and quality. The company has a panel of more than 4,200 brokers and agents, allowing lenders to provide 97% coverage nationwide. The results demonstrate a positive correlation at different stages of the performance appraisal. Just stumbled upon this. We are helpless in the face of major corporations and their employees whom have no personal accountability. Absent naming the players this keeps going on forever and all we have is a philosophical discussion. Please enter your email to receive our current datasheet. All rights reserved. *available in all states except West Virginia. Sign up with FaceBook group 100% Appraisers. Therefore, its an appraisers duty to determine what information can be considered NPI and required by law to redact it. Rather than making a phone call, just file a state complaint. In 10 short years the amcs grew to monolithic giants whom dominated the landscape over all others, avoiding disclosure, individual accountability, and licensing on every turn. Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. We need to get them out of the business. Based on what Ive read about the GLB, its still your responsibility as a financial institution to protect NPI. I agree Pat, let us start getting them together! You can also do a google search. I got my inspection fee and they never got a report. Clear Capital was established in 2001 and is headquartered in Reno-Tahoe, Nevada. Matt do you do any of those appraisals under a valid state appraisers license for real estate? Is this an issue for SEC and FTC, or only CFPB? The issue is not the individual appraiser. Share your form with others Ill be amazed if OA; LO, AMC & the lender dont all get sued. Scribd doesnt usually take the time to verify the validity of the claim but gives its members the possibility to dispute it. But when deadlines are nearing and youre keeping an eye on the budget, commercial evaluations are simple and affordable solution for lower-value loans. Absolute disgrace to our profession. How about you? home ClearProp An interactive tool that brings data on a property together to quickly perform your own cost-effective valuations. Last modified May 11, 2019. Im sorry but I cant trust a misleading individual. Download the About Clear Capital One Sheet, Download Desktop Data Collection Datasheet, Download ClearCollateral Review Datasheet, Download Collateral Desktop Analysis (CDA) Datasheet, Download ICE Mortgage Technology Product Guide, Download ICE Mortgage Technology Case Study, Download ICE Mortgage Technology User Guide. Virginia VA $660) $530) $925) $630) Vermont VT $990) $860) $1,315) $970) GSE post-board review to determine the reliability of the valuation and to understand if a repurchase is justified. However, if it is in opposition to Appraisal Management Companies in any shape, fashion, description, etc. https://www.youtube.com/watch?v=cp5BOZayOtA&feature=youtu.be. Well if amcs had not already made it clear as day they will take punitive action against appraisers for standing up for themselves These companies are powerhouses of pressure and deception, true boiler rooms with virtually no individual accountability. I dont look to tilt at windmills and win every battle.Its more like dropping a pebble or pebbles in a pond and seeing where the ripples go and for how long. Obey. Filing complaints may bring remedial action. If Matt is correct and this IS an appraisal I sure would like to see the AMCs documentation that a the fee paid to the appraiser of $25 is anywhere close to being reasonable or customary. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. Inflated enough so that the investors that loaned money through the crowd funding will not be able to be paid off as promised. Georgia is logistically more difficult that will be tomorrow. Wayne. You said you were given the report from a consumer, that means youre accountable under consumer safeguard laws. Media Contact: Ive been reading voraciously about them and my understanding was theyre used for portfolio management or developing marketing plans- not lending. Another will quickly follow the program and rise to fill that chair. The provider had full advance knowledge of what I would do with it if and when it was sent to me, if after reading it I concurred with original discussion comments concerning it. Look it up and ask to join you will be vetted before entering, as only Appraisers are allowed. They need to escrow their accounts receivable and pay the appraisers in a timely manner and not wait until the borrowers areclosed and moved in weeks before They have become an unnecessary hindrance, when the lenders have numerous platforms to utilize. Mark explained certain legal issues to me when I said same thing. Vulture capitalism at its finest. Delivering quality valuation management and data solutions, First, we listen to your needs. FNMA sure as hell wont do it. If you would like to understand more please contact me as this is much different than anything done before. The property data collection solution will manage loans and their adoption through order management integrations, website ordering and API ordering. Clear Capital Appraisals Whether you're funding a conventional loan, a refi, a HELOC or making REO decisions, Clear Capital's residential and commercial appraisal management services deliver exactly what you need, when you need it. I think thats even worse. Actually it isnt signed. Our nationwide panel of appraisers tap into their expertise to deliver clear, easy-to-understand reports while providing you with updates every step of the way. When is anyone ever going to enforce C&R rules? Report says electronic signature. Regardless, my name is not germane to this discourse. See What IS a "ClearVal Appraisal"? Another question is whether this is actually a CC staff appraiser; one where CC paid her out of state license fees, or simply guaranteed a high enough volume to make signing whatever was put in front of her worth while. I see your point, and Im trying to piece this together through this thread, so forgive me. The product can be easily integrated into many leading order management systems, simplifying the order process. We wanted to provide an efficient and cost-effective method for data collection ordering and management that satisfies appraisal modernization policy changes, and delivers more confidence in closing times along with a faster, lower-cost experience for consumers, said, , Director of Product Management for Clear Capital. Blah, ha, ha ! Then there is a line that says digital signature and that appears like this /Michelle Shoven/. As I clearly stated, Im not defending this product, Clear Capital, or AMCs- Im voicing my issues against this obvious violation of our confidentiality requirements as appraisers to the public. Their policies also differ from Indianas as many states do. Ya mean we cant use the same pictures and just adjust the photo labels to suit each report? How else to expose what quickie products are all about. I completely agree these products are horrid- Im sure the industry will see that rather swiftly. If the poster gets you upset, it is the Internet, you can walk away from it. Lumped in with me ? Design by Real Estate Webmasters. Seems like funny lyrics for a song but those folks over in Texas sure looked like they were having fun. 2023 ClearCapital.com, Inc. All Rights Reserved Privacy Policy | CCPA. 01. I almost forgot about Georgias requirement that all appraisers be paid C&R fees according to their schedule or alternative methods. That solution should come from us. is embodied by more than 1,400 team members across four brands (Clear Capital, Clario, CubiCasa, and REO Network) and has remained steadfast since our first order in 2001. First step forensic due diligence to decide whether a sample of appraisals warrants more extensive review. This is what we do as appraisers. Over 12 months, Company A brings in an initial profit of $12,000,000. GSE-Compliant 1004 Hybrid/70H Appraisal In one of the earlier lender crises, S&L and bankers were absorbing the losses by taking over the failed portfolios, many vacant properties were found which should have been occupied! Any appraiser willing to work for $25.00 needs to be retested! Total fee was $250. You have to sacrifice a few to save the many ( many consumers that will be harmed by this crap ). Fiscal . Regardless, please lets stay on-topic and not make this personal. Our valuation products include everything from mobile app inspections to conventional appraisals completed by appraisers in our national appraisal management company, and everything in between. Obviously this AMC or the lender/client released this report to unauthorized partiesbeforeit ended up here. UDC data set provides lenders with immediate national scalability, interchangeability and less complexity for loan management. Please keep remarks about the topic at hand, & PLEASE avoid personal attacks. This field is for validation purposes and should be left unchanged. PERIOD. Our valuation products include everything from mobile app inspections to conventional appraisals completed by appraisers in our national appraisal management company, and everything in between. There was no need to post the actual files with loan numbers and use the appraisers actual name. Recourse lending was awkward and slowed the process, most investor-lenders were unhappy and it disappeared in the mid 1970s, tooo badd. The Clear Capital appraisal came in at $307,000.. Because it was so low, it cost my customer over $400.
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