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  #1  
Old 10-09-2007, 08:36 PM
beaufl beaufl is offline
 
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Default Uspap

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.
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Old 10-09-2007, 08:40 PM
Tom Woolford Tom Woolford is offline
 
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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  
Old 10-09-2007, 08:58 PM
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Terrel L. Shields Terrel L. Shields is offline
 
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Quote:
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
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?
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  #4  
Old 10-09-2007, 09:12 PM
beaufl beaufl is offline
 
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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  
Old 10-10-2007, 09:03 AM
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George Hatch George Hatch is offline
 
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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  
Old 10-10-2007, 01:21 PM
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robert higgins robert higgins is offline
 
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Quote:
Originally Posted by George Hatch View Post
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.
I second that.
  #7  
Old 10-10-2007, 07:31 PM
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Couch Potato Couch Potato is offline
 
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Quote:
Originally Posted by beaufl View Post
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.
The only thing that would help more would be if appraisers were required thoroughly to understand the real estate brokerage and mortgage businesses.
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  #8  
Old 10-10-2007, 07:51 PM
Fred Fred is offline
 
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Quote:
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.
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?

Quote:
Teaching them USPAP won't touch this problem.
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 by Fred : 10-10-2007 at 07:58 PM.
  #9  
Old 10-10-2007, 09:28 PM
beaufl beaufl is offline
 
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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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