That will be an article to remember then. eta?

Already did.

Being “at his desk” too long has apparently cut off oxygen to Timothy Mayopoulus’ brain.

What specific qualifications does he have in understanding what an appraisal is; USPAP or even generally accepted SOUND appraisal practices? Seriously.

Once FNMA designed and adopted CU without competent professional appraiser input they forfeited any claim to appraiser expertise at all.

Read that. In theory right? In the real world the interested parties will know they’re dealing with non licensed non accountable independent fly by night inspectors. Everyone from the amc reps to the mb’s and agents will quickly learn how to game these people. Everything will come in at c3 or better and they will readily adopt the instructions to overlook defects in the interests of ‘helping’ the home owner attain financially life saving loans. Something like that. Nothing new under the sun here. I believe in this regard pertaining to hybrids and inspections, the accountability of licensing is perhaps the most important issue to focus on. These unlicensed people are already doing these jobs. Find some of them, pay them for a factual interview, and watch how many of them respond back that yes they have been operating in a results based contingency engagement already.

Thank you Rachel! We agree everyone needs to think through these products. Please feel free to comment on Virginia’s Town Hall about Hybrid Appraisals. There is a proposed guidance document that will make your head spin. Out of state comments are welcome.
https://townhall.virginia.gov/L/comments.cfm?GDocForumID=53

Tri furicated. That’s funny and has been going around. A while back an appraiser commented that the outsourcers are outsourcing to other outsourcers. Throughout multiple industries consumers are scrambling to cut out middle men and get direct from supplier products. Meanwhile the lending industry apparently for some mysterious reason thinks consumers should deal with more vendors, more uncertainty, and higher pricing as a result. Logical fault. That is not consumer protection.

What’s going on with home lending makes the Sallie Mae thing seem like childs play. These middle management and tech companies with their singular limited scope profit based focus, they don’t understand the gravity of what’s at stake. Most appraisers don’t either, with their check to check lifestyles and lack of understanding of the value of their own products. “Blue Book Appraisal Services”. Genius. Where did the number come from Mr Appraiser? Avm’s, of course. See how I transferred data, put my company brand on the report, and signed it with my own name? That’s value added service!

https://www.studentdebtrelief.us/uncategorized/sallie-mae-student-loans-the-heart-of-the-crisis/

Fannie Mae needs a massive class action lawsuit for regulating the profession into the ground only to then use our data as a weapon against us in these programs built. Fannie Mae CEO Timothy Mayopoulous “WE ARE NOT INTERESTED IN ELIMINATING APPRAISALS, BUT WE SHOULD BE EXPLORING OPTIONS ELECTRONICALLY”, HE ASLO SAID “APPRAISERS SHOULD BE AT THEIR DESKS”

LET ME RESTATE THIS THE CEO OF FANNIE MAE SAID
“APPRAISERS SHOULD BE AT THEIR DESKS”, THINK ABOUT THAT AND ALL THEIR DAM GSE REGS. SO HOW THE HELL CAN WE BE BOTH AT OUR DESKS AND LIVING UP TO YOUR DAM REGULATIONS AND REQUIREMENTS INCLUDING VIEWING THE SUBJECT AND COMPS YOU DUMB ASS IDIOT. Sorry folks just sick of this academic mentality of the appraisers being the tail of the dog in reactionary mode here.

So there you have the very entity or GSE that boxed us in to admit and key on his words oh we don’t want to eliminate appraisals… Why would he say that or have the need to. BECAUSE THEY ARE GOING TO REDUCE AND EVENTUALLY ELIMINATE THEIR OWN MODEL IMPOSED ON US.

They took your market knowledge and they built an system to use Electronically against you. You’ve invested time, energy money into this and liability for what to be TOLD LATER AN ELECTRONIC SYSTEM is now better.

SIT DOWN AND SHUT UP and like it – Love and Respect Fannie Mae and Freddie Mac.

So here we are stuck behind GSE rigid certifications and requirements to sign off on, and USPAP as well and finally Client SLA’s and a hybrid HAS NONE, your in a race against a hybrid (alternative valuations bypassing appraisers or AVBA’s) with no restrictions.

You must compete against it’s turn times and you must write a narrative to explain why your value is different than theirs. You must reconcile.

The only reconciliation needed is for appraisers to take back what was stolen from them. Your market experience, your data and your time and energy. From that we all retire and let them have their dam system and move on. Bye bye.

What we have today is SMOMBIES.
Smart Phone Zombies THROUGHOUT SOCIETY with IDEA’S vs. feet on the street.

More data does not mirror the market and it does not mean a better value it means more ideology to dig through under the mindset of OH THIS IS BETTER when in fact what did the buyers really do. Did those buyers look at 100 homes, did this or does this ideology actually conform to the MARKET VALUE DEFINITION and is Fannie Mae going to rewrite the definition now too.

Market Value – Willing or Unwilling Buyers and Sellers acting in any manner to assure a transaction occurs including using deep learning, artificial intelligence without viewing or seeing a property but acting purely on emotions via the cloud for clicked based sales. Buyers and Sellers will pay a internet cloud based premiums to the affiliated tech brokers for such transactions and these brokers and their related realtors are not representative of any values as marketed and advertised. Buyers and Sellers via these new technical means are assured of value checks and balances via desktop immediate appraisals and the noted Fannie Mae requirements of such appraisals as assurances to such click bait sales.

Yea I’m a bit emotional but frankly it’s about of control.
What is and has been the point to all this education, experience and training after all these years only to be undermined by the GSE’s the appraisal software firms and alike.

Appraisers are better suited to drop their certs and licenses form a new national collation and orphan USPAP and the GSE and provide internet based blue book click values (similar to KBB and Edmunds and just Link it up to the dam listings we create our own regulations and KEEP IS SIMPLE – ( KISS my you know what) to the public vs being under the thumbs of those crushing us. We are essentially already doing this behind the GSE’s and SLAS and hybrids so why not orphan the dam cert and license and start an entire new profession. Give them what they want NO APPRAISERS TO BE FOUND.

They’ll get around that direct disclosure by using the showing service scheduling. Agents whom actually want the appraiser to use showing services are doing it wrong. The agent should set limitations to the showing service and instead insist the appraiser and inspectors contact them directly. They should cut off access when in uc stats, and if the showing service allows it, only allow access for buyer showings and nothing else. It’s doubtful the showing service people are remotely ready to retool or help agents with these challenges. The super duper agents of the world are not ready for this either, having outsourced everything to do with their own listings as possible. The hybrid inspector and the flat rate listing services will however get along very well.

Oh CJK, these property inspectors are doing more than just taking a few photos. They are giving an opinion of the condition, quality and functional utility of the property. Some are even stating highest and best use. The scope creep has already started with these inspectors.

Probably race to the bottom is the most significant to me. MISMO has already put its stated goal of eliminating ALL appraisals into writing. They succeeded in creating and enforcing UCDP (you know, the upload service WE pay for). By the way, they also intend to eliminate hybrids at a later data as well!

WHY kill off your own profession? WHY defer to those that claim our skills aren’t all that good (or necessary) to begin with? I do NOT accept the lie that “Artifical Intelligence” exists. What exists, is the ability of human programmed software to achieve the incorrect answers much faster than anything else. Because these programs are so limited and have largely been proven egregiously deficient-their very existence depends on degrading the credibility and reliance on professional human appraisals.

Many thanks to Jonathon for sharing Maureen’s article.

For those that were unaware- ClearVal+ClearInspect still = ClearCrap.
https://appraisersblogs.com/clearval-value-hybrid-appraisal