Comments on: Hybrid Appraisal Products & Public Trust

By: angel

angel — Tue, 11 Apr 2017 16:18:27 +0000

There is no way its USPAP compliant as these companies state. USPAP says you must do a physical inspection of the property. I ask the lenders this “would you sign your name to another loan officers work not knowing weather its a bad loan or not?“ The answer is no! Why would I use a brokers information with out inspections the property? The broker is in this to make a sale and a commission, just as the loan officer is. The only one is this not making a commission and looking out for the house as advocate is the appraiser. Good Bad or INDIFFERENT

By: Mike Ford

Mike Ford — Mon, 10 Apr 2017 19:30:48 +0000

I spoke with a machinery and equipment appraiser from ASA the other day. HIS business is still challenging and exciting like ours used to be. His clients routinely send him out of state for large M&E assignments.

I think I’ll talk to ASA again soon. Same with NACVA for business valuation. Check YOUR state and see who licenses or regulates them! (no one). There are professional peers who may judge your work but that’s nothing like the fiasco they turned RE appraisal into.

By: Baggins

Baggins — Mon, 03 Apr 2017 21:38:11 +0000

According to the NAR survey, typical appraisers are dissatisfied with the direction of automation driven valuation models at a ratio of 2 to 1. 67.3% of respondents were unhappy with automation models. Even more than were unhappy with amc modeling. Double the dissatisfaction numbers I would say, because most appraisers don’t even bother to voice an opinion these days. Their opinions have been summarily ignored for a decade now as amc’s steer the industry instead of appraisers.

Think it’s a coincidence that when the fees go upward consistently for the first time in a decade, fnma suddenly allows the use of trainees? Think again.

NAR Appraiser Trends Study 03/2017

By: Ryder

Ryder — Thu, 30 Mar 2017 21:28:46 +0000

I wouldn’t touch this, in our area your lucky if the realtor can measure the square footage. The honest of brokers VS appraisers on photos, no way would we take the risk. Lets face it when the deal goes sour they will be looking for the appraiser. No Thanks

By: Mike Ford

Mike Ford — Tue, 28 Mar 2017 17:51:52 +0000

“Public Trust” is nothing more than a feel good justification for any federal or state legislature or regulatory agency to justify whatever OPPOSITE effect policies they want to adopt for the convenience of the moment; or benefit of their donors.

“Public Trust” was the excuse for HVCC.

“Public Trust” was the reason Dodd Frank paid unenforceable lip service to Reasonable and Customary Fees.

“Public Trust” is why the Uniform Standards of Professional Appraisal Practice were adopted as the minimum acceptable standards for federally regulated transactions,

“Public Trust” is why the GSEs were created.

“Public Trust” is what most state regulatory agencies claim to be protecting when THEY perform their non USPAP compliant “reviews” to unspecified standards that fall far short of USPAP in order to judge OUR USPAP compliance! “Public Trust” preservation is how state regulators (like those in Oregon, California, Minnesota or Maryland) that routinely jump to violation settlement stipulations and consent agreements for newly re-interpreted (by them) USPAP requirements that ASB knows nothing about.

“Public Trust” is as meaningless as “I’m from the government and I’m here to help.”

By: Seneca

Seneca — Mon, 27 Mar 2017 12:20:51 +0000

Clear Capital is spitting these offers out $100 a pop for Chase and they are being gobbled up. I say shame on you appraisers in Central Ohio that are accepting these orders and are still accepting full 1004s for $350. There is too much work in Ohio over the last three years to keep low balling. You appraisers are ilk of the profession. You keep letting the AMCs win. Stand your ground. There is a ton of work. Get paid. Quit bring my income down with yours.

By: Koma

Koma — Fri, 24 Mar 2017 18:28:02 +0000

Hybrid Appraisals, Hybrid Risks because we do not know what the ramifications will be until these types of appraisals break the bank so to say. Don’t remember the name, but wasn’t about two years ago they came out with a report that was said not to be an appraisal but wanted a value? Didn’t do those either. I’ll let others take the risks and the fall out you know that will come their way.