They certainly SHOULD go out of business-or at least get out of anything having to do with American Real Estate Appraisal.  Is there ANYTHING that they have done positively isay the past 15 years that actually promoted or preserved public trust? Even IVS is a farce!

They have joined the special interests. Think about it. Why else redefine “Evaluation”? Some states and IA all say evaluations aren’t appraisals. If that’s the case, then even the term is outside TAFs mandate.

Interesting that CoreLogic had their employee appointed to Board of Trustees last time around by Sponsors Committee.

“TAF is probably unaware of it, but I’m certified as a Real Estate Appraiser – not as a business valuator which is where the valuator terminology came from.

In any case, this particular change is to ‘bless’ evaluations as credible appraisal ‘types’ even though most are pretty poorly stated restricted reports.

Think of it as creating rules that will be as  clear as mud so that even though you and I can technically do them (assuming we comply with USPAP SR1 and SR2) and Preamble, etc.; lenders will still have ease and convenience in designing their own inherently non compliant forms, setting ultra low fees, claiming the forms are USPAP compliant and leaving the burden for compliance ambiguously buried in the small print.

This is just another non public  ‘advantage’ of having behind the scenes state regulators lobbying through AARO; or other special interests modifying our operating rules on a  state by state basis.

I’m still waiting for verbiage that says in effect “USPAP shall be applied in all federally regulated transactions at all times unless you reside in a state with a vowel in its name; OR it is a cloudy day at the time of inspection, and the appraiser is not wearing shoes with leather soles; or where it is inconvenient for the lender and loan officers involved in which case no meaningful standards need be followed.”