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Facebook for Appraisers

For those of you who want the social interaction of Facebook without all the poking, status updates, and lame pictures of high-school friends, Appraisal Scoop has the answer. It’s called:

The Appraiser’s WaterCooler

This is a social networking forum for appraisers. It appears useful, and anything that increases appraiser interaction and communication is a plus in my book. So sign up.

Comments
  1. CORRINNE LANE

    I find that it does not matter who manages the appraisal selection as long as it is done impartially and fair. Most have not been done that way in the past and the AMC’s have added a bit of fairness for a price. If lenders would implement a system that would maintain a roster and rotate each time to give equal opportunity to each appraiser there would be no need for management companies but sadly I do not feel this will ever happen.

  2. If lenders would implement a system that would maintain a roster and rotate each time to give equal opportunity to each appraiser there would be no need for management companies.
    That’s actually how the Veterans Administration handles their loans. They have a rotating panel of appraisers. I have heard from appraisers who both love and hate this type of system. It guarantees independence; however, it doesn’t really reward excellence, since the VA can’t individually choose the appraiser who does the best job.

  3. BlefferTX

    Rotation is the best way to go. As an employee of a large financial institution, we have crazily turned over the appraiser selection process to the production offices, which I have a HUGE issue with. We “monitor” and “make sure” they rotate but there is way too many politics involved. Appraisal departments in financial institutions should be the ones engaging the appraiser to ensure proper use and rotation of appraisers – PERIOD!

  4. Thanks for the comment, Texas.
    I suspect it doesn’t really matter who is engaging the appraiser, as long as the lending institution is following the proper rotation procedures.
    The key is to ensure that only qualified and competent appraisers are on the panel.

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