Supplemental Addendum - Appraisers Blogs

Fannie Mae Filed a Complaint Against Me

AppraisersBlogs — Wed, 18 Oct 2023 12:30:39 +0000

An appraiser shared the following with us which was posted on one of the appraisers’ groups. Fannie Mae filed a complaint against me with my state appraisal board. Here’s what happened. The Report In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. At that time, the real estate market was still being wildly affected by the COVID pandemic. Remote work was in full swing, and consumers were desperately seeking to get out of the cities. Prices for all types of residential properties were rising rapidly,...

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Quit Doing This. Just Say NO!

Dave Towne — Mon, 17 Apr 2017 12:30:28 +0000

E&O coverage has nothing at all to do with underwriting mortgage loans… Do not include your E&O binder page in any appraisal report. Period. End of story. Especially if you are being ‘managed’ by an AMC who has that in their engagement agreement, claiming it’s a lender requirement. A while ago, I received a “correction notice” via a prominent AMC for a report I submitted: “Per lender requirements, evidence of E&O coverage must be included in the report.” My response to the AMC directly via email, not in the report, was this: “To: AMC rep Is there any way you...

Amateur AMCs Amateur AMCs Misguided Requests & Unecessary Demands... Folks, I’ve written consistently over many years about the misguided request many lenders…
Appraiser Safety, Stalked by Homeowner Personal safety of appraisers I have several issues that focus on PERSONAL SAFETY of appraisers especially female appraisers that I…
Tell Them to Find Some Other Lesser Experienced Appraiser Tell them they are NOT needed in the report. The march of many appraisers who blindly comply with AMC &…

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Executive Summary in Appraisal Reports

Dave Towne — Mon, 30 Nov 2015 13:30:56 +0000

Executive Summary Appraisers, I spent two days last week at the Appraisal Summit and Expo in Las Vegas – which was extremely well planned and presented – co-sponsored by the Columbia Institute and the National Association of Appraisers. Over those two days, in just about every topic presentation seminar, we appraisers were cajoled and implored to improve info we provide in reports to back up our stated value. We were told that most reports reviewed by lenders are deficient in this aspect. I admit that my reports need improvement in that kind of presentation – although over the years many...

MC Form & Incorrect Reporting of DATA Appraisers, Wednesday last week (11/18/15) WorkingRE published, via their e-Newsletter, an article I submitted to them as an 'exclusive.' I…
Background Checks Issue for Appraisers Background checks & third party relationships Appraisers, One of the recent thorns in appraisers’ sides has been the issue of…
USDA FHA Let's Get it Right USDA has it right! FHA appraisers, Thanks to TJ McCarthy, a Chicago based appraiser and current web master for the…

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Supplemental Addendum - Appraisers Blogs

Fannie Mae Filed a Complaint Against Me

Related Posts:

Quit Doing This. Just Say NO!

Related Posts:

Executive Summary in Appraisal Reports

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