I have been involved in the mortgage industry for nearly 15 years in the following capacities: fee appraiser, staff appraiser for savings and loan, underwriter for savings and loan, underwriting/processing manager for a local bank and, currently for the past 4 years, as a review appraiser analyst for a mortgage due diligence company. My particular job is reviewing collateral related issues, i.e. perform desk reviews of appraisal reports. During these past 15 years, I have accumulated a myriad of experience which lends creditability to my opinions.

The government is now left with the task of cleaning up problems and, in many cases, fraud that resulted from excesses in the loosely regulated and fee-driven mortgage brokerage and appraisal industries. I will make recommendations on how to reform the system and thus avoid the misleading of borrowers, inflated valuations of properties and other abuses that have led to hundreds of thousands of foreclosures and related problems around our country.