Reply by JanetK_CA on 4/2/07 2:49pm
Msg #183390
I belong to a networking group that just had an appraiser join. He tells me that he is running into the same situation, too. So many people trying to get out of a bind at someone else's expense.
Partly, though, I think it comes from an industry-wide prevailing attitude, especially those who are on a salary. I got into conversation about this with an escrow officer acquaintance of mine a while back. She sees herself as a highly ethical (and spiritual) person, yet she was surprised I even mentioned it. She said "well, if the loan doesn't fund, there's no money to pay the notary with..." The underlying implication was that "everyone knows *that*", and the tone was surprise that I even questioned it, 'cause "that's how it's always been".
They just don't get it. they're thinking that if that's how it is for the broker/LO (who typically gets a pretty nice commission), then why shouldn't that be true for the rest of us. And to an employee mentality, our fee looks like pretty good money. I won't go off again on the cost of being in business, but they have their supplies and operating expenses paid for, as well as insurance and other benefits.
I wish I had some easy answers to how to change this situation. Especially with the prevailing market conditions, I'm afraid this type of situation is only going to get worse.
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