• Report: #643214

Complaint Review: LSI APPRAISALS /LPS

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  • Submitted: Wed, September 22, 2010
  • Updated: Thu, July 12, 2012

  • Reported By: Thanks for Nothing — slc Utah United States of America
LSI APPRAISALS /LPS
Internet United States of America

LSI APPRAISALS /LPS LENDERS PROCESSING SERVICE COMPANY THEY WILL WASTE YOUR CLIENTS MONEY.....STAY AWAY!!! Internet

*Consumer Comment: LSI Appraisal Company

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Do not use LSI for your Appraisal Management Company. They will take your clients money and provide an inferior product. I used them for my appraisal vendor and lost 4 out of 6 in underwriting due to the poor quality of the appraisal. The value itself had nothing to do with the appraisal. It was simply shoddy workmanship on the part of the appraiser and LSI was no help whatsoever in addressing the report. In one instance they simply ignored a request for appraisal changes for nearly 15 days.

Claiming they "never received notification" even though proof was provided. They surf their roster and employ the appraiser promising the quickest turn and the lowest fee. This was according to the rep I spoke with. I asked if they would stop using the appraiser because his work was sub-par and the clients didn't feel comfortable around him. They told me no..... he was on the list and they would use him even if I requested him not to be used. Not using them again ever..... I would advise doing the same.....

This report was posted on Ripoff Report on 09/22/2010 10:21 AM and is a permanent record located here: http://www.ripoffreport.com/r/LSI-APPRAISALS-LPS/internet/LSI-APPRAISALS-LPS-LENDERS-PROCESSING-SERVICE-COMPANY-THEY-WILL-WASTE-YOUR-CLIENTS-MONEY-643214. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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#1 Consumer Comment

LSI Appraisal Company

AUTHOR: Lisa - (United States of America)

This company is the worst!  I have been fighting to close on my house for 7 months now because they will not do their job!  I have had two different appraisers apraise my house three different times.  LSI cannot seem to communicate what the underwriters' requests and conditions are so that the appraiser can write a correct appraisal.  They are worthless and if anyone is purchasing a home and you find out that LSI will be the appraisal company use another financial institution!!  I don't know how they can possibly stay in business!!
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