"Your status has been changed to Ineligible and will no longer accept appraisals performed by you"

[Sandra Farrance]

The dreaded form letter was received by me in July, 2009. Several weeks prior to receiving this letter, orders from my biggest client, ceased. On further investigation, I learned I was removed from the lender's list due to a Field Review. Without having an opportunity to respond to this Field Review, I was simply removed. I received a partial copy of this Field Review several days later. I was informed I had 21 days to respond and after submitting my rebuttal received another form letter from Chase Home Lending saying they would get back to me within 90 days.

The Field Review was astonishingly inaccurate and so extremely biased, it appeared to me that the Reviewer had an pre-arranged agenda to discredit me. I spent the next several days writing a rebuttal, a 27 page document supporting my appraisal. The Field Reviewer supported his value based on three distressed sales and/or foreclosures. I further supported that the Reviewers work was sloppy, careless, unsupported and inaccurate. In my response to the lender, I refuted all of the statements made by the Reviewer and clearly, with documentation, supported my work.

I further informed the lender that due to the Reviewers damaging review, has caused me emotional distress, damage of reputation and loss of income. Due to my being "blacklisted" from Chase, other lenders have now rejected me as their appraiser due to their affiliation with them.

I further requested that they provide me with the entire review so that I may present his work to the Appraisal Commission, noting that the Real Estate Appraisal Division may be the best judge of this most serious matter and consequences caused by an Reviewers incompetence.

It is now September and have not received a response from the lender. At the moment, I am working with my attorney to bring suit against the Reviewer along with the lender. Those of you who have incurred similar damage may wish to join me in a Class action law suit. Please provide your comments.

[Sandra Farrance]

You betcha, Joe. Read Matt Barrs' "The Appraiser Blacklist" published in the "Communicator". PERKY STUFF

[Larry Murry]

Sandra,
I have asked you twice about this statement in you original post. Is this statement accurate; and if so, can you verify it as such? This is a very frightening state of affairs if true. The statement was, "Due to my being "blacklisted" from Chase, other lenders have now rejected me as their appraiser due to their affiliation with them."

[Sandra Farrance]

Yes. there are many mortgage originators/brokers who use them. One major client has refused my work and taken me off their list because Chase is the eventual lender for the loan. Sorry to take so long to respond.

[Larry Murry]

Thank you Sandra,
This info is a bit disturbing. I can see it if your major client simply removed your name from anything that goes to Chase, but I don't understand why they would remove your name entirely. There is something not right about that; actually, there something not right about the whole situation. I wonder, can one commit an act of antitrust against an individual?

[Glenn E. Walker]

Larry ,
Most likely the company Sandra worked for has only one funding line of credit and that's with the Chase Bank . Being removed form one bank is not the end of the world , yes it hurts and based upon Sandras side of the story its not fair but if she keeps a cool head things will probably end up fine.

[Larry Murry]

Got it. It seems logical.

[WAYNE J CALVELO]

No thats a bit incorrect as the way things are going with the foreclosures and the way some appraisers were a part of that many banks will run a check which is not public and if you come up on a blacklist they wont use you

[WAYNE J CALVELO]

Yes i just recieved a call from a client that told me they couldnt use me because they were informed i am on Chase Bank donot use list i never recieved notification or a call -this actually blind sided me.I have spent about 8 hours trying to get in touch with the department in Chase that handles this with no success seems Chase doesnt even know who i should call.If u have a case against them please send me any info my email is [e-mail] and can anyone tell me how to get in touch with the correct people at Chase

[Craig Farr]

Wayne, with all due respect, if your appraisal reports contain the same tortured English as your comments in this blog I can't blame appraisal users for not wanting your work.

[Nigel Mountbatten]

All due respect? Tortured English? How arrogant can anyone be? This is an internet appraisal chatroom, not a forum for frustrated English teachers. Mr. Calvelos's message was clear and to the point and for online communication that is all that matters. Is it too late to send this Craig character to charm school?

[Glenn E. Walker]

Craig ,
You must be an X school teacher , the poor guy just got the dreadful chase letter and your concerned with his spelling .... and as far as his tortured english half the country cannot read or write english anway , so don't kick the poor guy when he is down...

[Sandra Farrance]

Glenn, you are right. Craig is a arrogant, stupid bully and he should get out of my discussion.