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i have seen first hand that these mgt. companies also pressure appraisers on value while at the same time hire only the hungriest of appraisers to work at 1/2 their normal wages and turn the reports around in half the normal time. really gonna get some solid appraisals under those circumstances aren't we?


to user 53943: i severly doubt your individual refinance appraisal came in at 250% of real market value. could have been that you didn't know the value of your own home in a market gone crazy and the appraiser also stretched the value.

in your defense i will say as an appraiser with 15 years experience that this business is overun with never ending pressure to "make the loan work". i am disgusted with this profession and most people in it. the only reason why i've lasted this long is that i had found a mortgage broker who applied very little pressure on me. but as honest mortgage brokers go he is virtually out of business because he looses a substantial amount of business to the "ive got a better deal" type brokers. they will get "their" appraiser to over appraise property thus helping the borrowers achieve a better LTV and qualify for better loan terms.


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i have seen first hand that these mgt. companies also pressure appraisers on value while at the same time hire only the hungriest of appraisers to work at 1/2 their normal wages and turn the reports around in half the normal time. really gonna get some solid appraisals under those circumstances aren't we?


to user 53943: i severly doubt your individual refinance appraisal came in at 250% of real market value. could have been that you didn't know the value of your own home in a market gone crazy and the appraiser also stretched the value.

in your defense i will say as an appraiser with 15 years experience that this business is overun with never ending pressure to "make the loan work". i am disgusted with this profession and most people in it. the only reason why i've lasted this long is that i had found a mortgage broker who applied very little pressure on me. but as honest mortgage brokers go he is virtually out of business because he looses a substantial amount of business to the "ive got a better deal" type brokers. they will get "their" appraiser to over appraise property thus helping the borrowers achieve a better LTV and qualify for better loan terms.


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