Great response, Mr. Baggins!!

That picture is SO worth clicking! Princess Godzilla eating a lime and holding stake…and your daughter (other young princess) prudently keeping her beer out of reach on the other side of the cutting board.

I wish I could give this pic ten thumbs up alone!

Update. I spoke to the appraiser. He absolutely DID have a heart attack according to his cardiologist. A so called ‘widow maker’ that he is incredibly blessed to have survived. Four stints to open up the blood flow again, and a stern admonishment to avoid any kind of stress or pressure until he is fully recovered and blood pressure is fully under control.

Well done BREA! Your ham-fisted arrogant coercion almost killed this appraiser!

Yes.

It does add up, they can select only the comparables that they want to use, make no adjustments to the sales, get the value they want, and then sell the loans to stupid investors. They then walk away with their money, leaving the buyer, the refinancer, the investor and especially the appraiser holding the bag. it’s just another racket to keep us appraisers from actually inspecting the properties and the neighborhoods. And then let’s not forget if they only pay the appraiser 25 dollars and the management company gets 225, then the management company can keep calling other appraisers until they can get the number that their lender can use.

Chris in Tillamook Cty the assessor is never correct. Sometimes they are wrong by 200-300 ft. So then I did one for Mueller that was a ranch…box…in a market with reliable data and abundance of comps. When I got the report I knew it was wrong immediately…and conveniently the amount more than the county was the measurement of the roof line. Which they said in their report – and said it lined up with Google aerial. So a little digging and it falls apart.

I am still stuck on the fact they will accept third party inspections for these but refuse to accept a licensed, trained appraiser assistant. Something does not add up.

I just measured a house, tax records say 1,494 sqft, it actually is 2,057 sqft.., a very complicated contemporary property. Can you imagine these idiots want to use these type of products !!! I was wondering why the owners were paying so little in taxes !!!

That comment about how they measure should (if accurate in most cases) be all the reason anyone needs to decline to do work for them. Deliberately misrepresenting a property’s living area is fraud. Their boilerplate says the property inspections are carried out “by Mueller, Inc.” If so, then THEY OWN THE FRAUD!

Every investor that has ever loaned money based on a Mueller report should at a minimum hire a real appraiser to double check the property GLA. Overstated GLA would automatically inflate the automated value recommendation.

Their disclosure form says it is an appraisal completed under Standards 2. It’s a very misleading report.

If they are calling it an appraisal, send it to the state for review.

Mueller uses insurance inspectors. They measure the house with a wheel that includes the roofline. And they have no clue what they are doing.

And their reports are awful. It is really a restricted report (or should be) but they use Standards 2 and call it an appraisal when it is not. They produce junk and their forms are awful.

As requested Craig; The blogs article that will live in infamy. Man, has it already been a full year? Yes it has.

https://appraisersblogs.com/clearval-value-hybrid-appraisal

Concur. Four to five is quite profitable and allows for vacations; spikes in work, and even slowdowns if the experience levels are staggered. I’d want a good C&I person (can be good res appraiser that has completed income courses and is detail oriented to be cross training in commercial)); An experienced 2 to 4 unit person to be in training for apartments and a solid sfr person and possibly two raw trainees.

Craig, understood. In all honesty, I semi usurped the articles thrust for my own favorite soapbox. While I think there is/was a lot of meat that could have been the focus of the suit, my personal perception is the plaintiffs will fail on the specific approach they took. Then again…

I have not seen the appraisal products referenced that are not USPAP compliant as I don’t do AMC or Lender Work.

However, I am curious as to the content of the reports so I can keep up. Can you or someone post an example of what these look like? Or, email reports to me privately to look at. Thanks. Craig@CraigGilbert.Net

The first Mueller report I reviewed (a generic ‘draft’ version) includes boilerplate that says the field inspection part was performed by Mueller, Inc. Imagine that, the ENTIRE corporation went out and performed the field work! Now THAT is REAL disclosure!

Really tells the appraiser who did what specifically and how credible it is likely to be.

It also includes the false statement that it is USPAP compliant.

Most folks know that right now no GSE has authorized use of these garbage products HOWEVER they are currently being used by AMCs and or lenders to ‘validate’ the real appraisal. Appraisers are already being requested to address concerns derived from these. I have a huge problem with that.

Some states also prohibit investors from being defrauded, and these make-believe appraisals definitely induce or facilitate that. Literally, in every instance, I’ve seen so far.

California could be considered a socialist state. LOL

Mike, thanks for the kudos but I think I may be just one person out of thousands who figured that these desktop things may either be for inhouse bank products or whatever.  In any event, they are not USPAP compliant. That is one reason why this “USPAP is Unconstitutional” story is clearing the way for those who want their product to compete with appraisal/valuation products. Note on the sample covers that reads, in red, that the product is not to be considered an appraisal nor an evaluation. We will be fighting city hall with this garbage. Count on it. We’ll feel like contortionists before this is resolved. Politics is the reason.