Comments on: Veterans Administration on Hybrid Appraisals

By: David

David — Fri, 29 Nov 2019 14:28:41 +0000

Is the VA now allowing trainees to do the inspection for LAPP’s, as long as they are competent and sign? Or is this just for AAPP’s?

By: Thomas E Allen on Twitter

Thomas E Allen on Twitter — Mon, 25 Nov 2019 03:36:01 +0000

Nothing better than an agreement or is there? If property information person is qualified to observe the property might as well do the appraisal.

By: Helen Bereznik Grace on Facebook

Helen Bereznik Grace on Facebook — Sun, 24 Nov 2019 04:47:13 +0000

In reply to Ohio Appraiser.

that is because their mission is to protect the Veteran….and rightly so.

By: Mike Ford, American Guild of Appraisers (AGA™)

Mike Ford, American Guild of Appraisers (AGA™) — Sat, 23 Nov 2019 16:12:23 +0000

Nice article-horrible title. It would be nice if people read the embedded articles before labeling them. The VA is NOT describing a hybrid appraisal here!

What they ARE describing is a REAL Appraisal…just like the kind we all learned under. The trainee (inspector) is hired by the appraiser. Repeat “IS HIRED BY THE APPRAISER”. He or she is the trainee of the appraiser. A trainee has to be able to sign on the left, with the supervisor signing on the right. Full USPAP compliance required. Full responsibility required. Ther is nothing hybrid about the process at all.

It IS, however, ‘bifurcated’ regarding the inspection though that term has come under such disrepute I hesitate to use it. The program is great as near as I can tell.

Real Appraisals. Send your COMPETENT appraiser trainees out to inspect when they are ready to solo inspect; review and discuss their work with them when they return. Analyze the data and write hte report. Old School.

Nothing complicated about it at all.

PLEASE STOP CALLING IT A VA HYBRID PROGRAM! iT HAS NOTHING TO DO WITH THE HYBRID CRAP BEING PROMOTED AROUND THE COUNTRY such as 1004P; Mueller, Clear Val etc.

By: Ohio Appraiser

Ohio Appraiser — Fri, 22 Nov 2019 17:58:09 +0000

In reply to Kimberly DeFilippis.

I attended a conference earlier this year and the speaker representing the VA cited their adverse tolerance for risk as the reason why they did not experience as significant losses during the last recession.

By: Baggins

Baggins — Fri, 22 Nov 2019 17:34:30 +0000

No more runners with VA. What will the volume guys do? Runners are common with volume firms, especially since FNMA allowed that. The volume guys used runners anyways when it was not permissible and everyone knew it. Rather than penalize appraisers whom had broken the rules, gse’s changed the rules to accommodate them instead. Nice to see this guarantee program state clearly that such inspection running from non appraisers is not allowed.

They forgot to address typing services. All this attention to safety of the home owner and the inspection. What about data security when they send the borrowers address, personal, and real property information to some overseas or even domestic but still non licensed typing service?

People making this policy perhaps don’t get the various appraisal magazines, there is a typing service or amc advertisement every other page.

By: SB

SB — Fri, 22 Nov 2019 17:20:57 +0000

TOP COUNTIES FOR VA PURCHASE LOANS

Rank County State Loans
1 Maricopa Ariz. 4,850
2 Bexar Texas 3,899
3 El Paso Colo. 3,822
4 San Diego Calif. 3,792
5 Clark Nev. 3,297
6 Riverside Calif. 2,591
7 Pierce Wash. 2,083
8 Hillsborough Fla. 2,018
9 Harris Texas 1,981
10 Tarrant Texas 1,839

By: Kimberly DeFilippis

Kimberly DeFilippis — Fri, 22 Nov 2019 14:51:42 +0000

If the rest of the lending world would practice the same reasonable methodology and procedures as the VA, there would be more reliability in the final appraisal product, hybrids would be a nightmare finally over and lender risk would be considerably lower.