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appraiser independence: Appraiser Independence, Front And Center - We Live In Interesting Times... - 07/06/08 11:24 AM
Manipulation of the appraisal process by mortgage brokers, commissioned loan officers and real estate brokers/agents has been the dirty little secret of our industry for over 20 years and has become increasingly more rampant over the last 5-7 years.
IMHO, the HVCC, regardless what final shape it takes and whether or not it is even implemented, has done more to bring the issue of appraiser independence out of the shadows and into the limelight than anything else I am aware of in my 35 years in the industry.
Attention to the appraiser independence issue is at a fever pitch by industry … (4 comments)

appraiser independence: S.2860 - Fair Value and Independent Appraisal Act - 07/05/08 07:44 AM
A bill to diminish predatory lending by enhancing appraisal quality and standards, to improve appraisal oversight, to ensure mortgage appraiser independence, to provide for enhanced remedies and enforcement, and for other purposes.
The proposed Fair Value and Independent Appraisal Act , introduced by Sen. Robert Casey [D-Pa] amends the Truth in Lending Act to prohibit a creditor from extending a mortgage to any consumer without first obtaining a written appraisal of the property to be mortgaged, prepared in accordance with specified requirements. Requires a creditor to provide a copy of each such appraisal to the consumer without charge, at least three … (8 comments)

 
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Kenneth Rossman - Long Island, NY Appraiser

Wantagh, NY

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Appraiser, Ken Rossman

Address: Serving Long Island & NYC, NY

Office Phone: (800) 491-6380

Cell Phone: (516) 382-6473

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