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Old 09-21-2009, 09:48 PM
Terrel L. Shields's Avatar
Terrel L. Shields Terrel L. Shields is offline
 
Join Date: May 2002
Location: Springtown, AmeRica
State: Arkansas
Professional Status: Certified General Appraiser
Posts: 37,671
Default Another Whacko Arvest Assignment

same group ... new deal. Seems they asked that I make the report out to both the bank and the borrower...so he could use the report for estate purposes.... and a retrospective date. Say what? I said, check your UW and see if you can accept such a report. I don't think bank rules allow there to be dual clients.

Then they started out with 6 lots...I asked them to specify the lots since they were NOT in the borrowers name but in a Rev Trust (Mom?).. Then they said, no, don't do Lot x...OK that's 4 res lots and 1 comm lot.

Then they said, No. sent same plat over and scratched out all but 1 lot. then the LO comes back and said just do the appraisal for the borrower for the estate (the 2 commercial lots). So I had to get a letter from him...and so my 6 lot assignment evaporates from the bank and morphs into 2 lot appraisal...say what?
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Old 09-22-2009, 07:21 AM
Pamela Crowley (Florida)'s Avatar
Pamela Crowley (Florida) Pamela Crowley (Florida) is offline
 
Join Date: Jan 2002
Location: Wherever We Are Parked
State: Florida
Professional Status: Retired Appraiser
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Default

Somebody (or a few) at Arvest don't know what they are doing and need some education. The Arvest Compliance Department should be informed of this mess.
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