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Replies to post #26541 on Mr Cooper Group Inc (COOP)

Replies to #26541 on Mr Cooper Group Inc (COOP)
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dfire6912

10/17/08 8:13 AM

#26548 RE: Gastrodamas #26541

That was published a year ago or so, nothing new.
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dfire6912

10/17/08 8:15 AM

#26551 RE: Gastrodamas #26541

Now I bet appraisers would be hesitate to give you a bona-fide value, preferring to going the opposite way.



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JimsZ

10/17/08 8:29 AM

#26566 RE: Gastrodamas #26541

Hmmm... I did home appraisals for a while and one of the biggest issues I had with it was to make any money you had to be crooked.

These mortgage companies/lenders will not call you again to do another appraisal if you can't find "their value". I couldn't find the value they needed on multiple appraisals, although others could. I guess I just wasn't crooked enough to be in that field because if you find the value they need, even if way overinflated, they keep calling you back!

They need to get on some of these mortgage lenders and quit paying them "by the approval" and pay them a base salary, plus their bonus for every application, not approval!