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USPAP

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by beaufl, Oct 9, 2007.

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  1. beaufl

    beaufl New Member

    0
    Jun 12, 2007
    Professional Status:
    Certified General Appraiser
    State:
    Florida
    Things would be a lot better if the banking side of the business, mortgage brokers especially, were required to have a working knowledge of USPAP. Many times they make requests of appraisers that are clearly in violation.

    Like us, they should have required continued education in USPAP.
     
  2. Tom Woolford

    Tom Woolford Elite Member

    92
    Nov 20, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    Agreed. It would be even better if they were held to as high a standards as we are (supposed to be) as far as ethics go.
     
  3. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    Top Poster Of the Month

    908
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    Some do, that's what they use to their advantage to manipulate appraisers. Secondly, this site is proof that appraisers cannot agree on it and we work with it constantly. The document is flawed, we have no consensus on its interpretation, so how can we expect others to agree, apply or even consider it?
     
  4. beaufl

    beaufl New Member

    0
    Jun 12, 2007
    Professional Status:
    Certified General Appraiser
    State:
    Florida
    well first of all, for the appraiser it's the law of their land. they have to follow it or risk losing their meal ticket. others... not so much

    USPAP rules aren't stringently followed because appraisers are constantly pressured not to.

    By who? either someone who doesn't know any better....hence the need for an understanding of USPAP..... or someone doesn't care...
     
  5. George Hatch

    George Hatch Elite Member

    439
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    California
    Asking/coercing/pressuring/forcing appraisers to lie on appraisal reports has nothing to do with not understanding USPAP. Teaching them USPAP won't touch this problem.
     
  6. robert higgins

    robert higgins Member

    0
    Jul 15, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Connecticut
    I second that.
     
  7. Couch Potato

    Couch Potato Elite Member

    0
    Mar 15, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    The only thing that would help more would be if appraisers were required thoroughly to understand the real estate brokerage and mortgage businesses.:new_all_coholic:
     
  8. Fred

    Fred Elite Member

    0
    Jan 15, 2002
    Professional Status:
    Retired Appraiser
    State:
    Virgin Islands
    Appraisers too.

    Is it my imagination, or does everyone, in every walk of life have to deal with the natural tendency of humans to try to manipulate situations for personal gain?

    There is a line from Grisham's Rainmaker where the kid says they didn't teach him how to chase ambulances in law school and his "mentor" says, you better learn or you are going to starve. I wonder if an MB who doesn't pressure appraisers successfully would starve.
     
    Last edited: Oct 10, 2007
  9. beaufl

    beaufl New Member

    0
    Jun 12, 2007
    Professional Status:
    Certified General Appraiser
    State:
    Florida
    pressure appraisers to push values that put borrowers into loans they can't afford under the guise of opening up the opportunity of home ownership

    if they can't afford it, why push them into it?

    quick buck?
     
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