If you look at that list, all the major mortgage lenders are on that list. CWBC, HSBC, Wells Fargo, CITI and WAMU. To be in the game, you have to PLAY the game.
well, you got me curious. "wamu appraisal process" fed into google reveals that WaMu did at least intro a new system in 2001 that "Streamlined" the appraisal process.
and a quick search on "optisvalue" (the name of the new system) reveals that the system was a dog - appraisers hated it, it appears - and costs were unacceptably high (and they were losing share) so they dumped it in 2004, laid off a bunch of appraisers, and started looking for other ways to cut cost.
which probably led them to do as you suggest and throw caution out the window in 2005-ish.
I do remember Optisvalue, and I was using WAMU heavily during its doomsday of 2003-2004 apparently. However, my submissions were all using my own appraiser and his own physical paper appraisals, so I don't see how this system would apply to regular appraisals.
Somewhere down the line, WAMU thought appraisal was the most costly process...
Almost, except it plays (and upscales) regular DVDs, so we're still happily using it as a DVD player. It's actually a very good upscaling player, albeit very slow to start up and turn off. If I'd had a choice I wouldn't have bought either, but our DVD player was dying and needed to be replaced. I was going to get one of the Oppo players, but they cost almost as much as an HD-DVD player so I figured why not.
Pretty crappy of Universal to wait until just after Christmas to make the announcement. No doubt in my mind they did it on purpose to get rid of as much stock as possible over the Holiday season.
btw...for anyone else who may have bought an HD-DVD player via amazon, check your email. Just today I received a $50 credit, as will everyone else who bought one through Amazon - a pleasant surprise.
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Heck, we've had our eyes on WaMu since early 2006 for signs of bubble-trouble.
Anyone who didn't see this coming apparently just wasn't looking.
If you look at that list, all the major mortgage lenders are on that list. CWBC, HSBC, Wells Fargo, CITI and WAMU. To be in the game, you have to PLAY the game.
Somewhere down the line, WAMU thought appraisal was the most costly process...
Almost, except it plays (and upscales) regular DVDs, so we're still happily using it as a DVD player. It's actually a very good upscaling player, albeit very slow to start up and turn off. If I'd had a choice I wouldn't have bought either, but our DVD player was dying and needed to be replaced. I was going to get one of the Oppo players, but they cost almost as much as an HD-DVD player so I figured why not.
Pretty crappy of Universal to wait until just after Christmas to make the announcement. No doubt in my mind they did it on purpose to get rid of as much stock as possible over the Holiday season.
btw...for anyone else who may have bought an HD-DVD player via amazon, check your email. Just today I received a $50 credit, as will everyone else who bought one through Amazon - a pleasant surprise.