Comments on: The Network Letter RE CU Program https://appraisersblogs.com/appraisal/network-of-state-appraisal-orgainzations-letter-to-fhfa-director-watt-regarding-fannie-mae-collateral-underwriter-cu-program/ Appraisal News and Tips for Real Estate Appraisers Mon, 23 Jul 2018 00:54:43 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: Baggins https://appraisersblogs.com/appraisal/network-of-state-appraisal-orgainzations-letter-to-fhfa-director-watt-regarding-fannie-mae-collateral-underwriter-cu-program/#comment-11457 Fri, 16 Jan 2015 00:52:01 +0000 https://appraisersblogs.com/?p=6861#comment-11457 The UCDP is a train wreck in progress. The solution to financial security in mortgage backed securities markets is not more pressure on the only independent participator left, which is the appraiser. The solution to risk management involves stopping the backing of private banking risk with tax payer dollars. If FNMA and others want to be effective at risk management, they’ll need more putbacks, more lender penalties, and should allow the too big to fail lenders, the ability to fail. Can I place a derivative bet on the performance of the UCDP? Great letter though, at least someone is looking out for appraisers. I fear that the UCDP data will be misused, one way or another though. I can see it now; all the quick copy appraisers will log into the UCDP if not outright auto export the data, to fill their appraisal grids. If this information is shared with appraisers, it’s possible that systemic data issues could arise, and be impossible to manage over the longer term. The margins of price difference need adjusted on a per assignment basis, and there is no reliable standard for constant adjustment methodology. The human factor, is the reason why almost all pieces of real estate have such potential for steep variability. UCDP won’t identify that one person who puts more or less value into their home. It sure will put the appraiser in a tough spot, if they happen to appraise that particular individuals home though. Salaried based lending instead of commission based lending would go a lot further and probably cost much less in the end, than this UCDP program.

]]> By: Retired Appraiser https://appraisersblogs.com/appraisal/network-of-state-appraisal-orgainzations-letter-to-fhfa-director-watt-regarding-fannie-mae-collateral-underwriter-cu-program/#comment-11455 Thu, 15 Jan 2015 03:09:38 +0000 https://appraisersblogs.com/?p=6861#comment-11455 In reply to Jane Krupnick.

I love the way you think Jane. You should create a grid on your company website with a two column pricing list. The AMC Go F Yourself Column and the Reality Pricing Column. Don’t forget the $50 to $100 add on fee for each additional CU comp analyzed box.

]]> By: Jane Krupnick https://appraisersblogs.com/appraisal/network-of-state-appraisal-orgainzations-letter-to-fhfa-director-watt-regarding-fannie-mae-collateral-underwriter-cu-program/#comment-11452 Wed, 14 Jan 2015 22:33:02 +0000 https://appraisersblogs.com/?p=6861#comment-11452 Due to the new Collateral Underwriter rules. I hereby announcing an increase in my Appraisal fees: Att. AMC Effective immediate Single Family Homes and condos $225 GO F YOURSELF . $650 I will accept. Multi Family $250 GO F YOURSELF $ 800 I will accept. to all Amc please don’t bother me if you dont agree with my prices.

Jane the appraiser

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