timd354
Elite Member
- Joined
- Jan 11, 2008
- Professional Status
- Certified Residential Appraiser
- State
- Maryland
Sure, I'll take a shot at it.
Page four of the 1073 has the following certification that you signed:
2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The sketch is included only to assist the reader in visualizing the property and understanding the appraisers's determination of its size.
You did not provide a sketch. You provided a "plat" from the condo docs.
The plat provided is a sketch. The cert. does not say that the sketch provided must have been drawn by the appraiser. So the appraiser met the requirement of this cert when he provided the plat
You did not determine the size of the improvements, you got it from the condo docs.
Yes, he did determine the size of the improvements, he did it by looking at the legal plat and the sqaure footage listed in the public records....which, is the exact same way that most appraisers determnine the size of the site on an appraisal of most improved properties......Maybe you thin that the appraiser should survey the site on every appraisal.
That would not be acceptable to me if I were the reviewer.
Who cares, you would not be following the guidelines, but would be making up your own guidelines, and, thus, you would be in violation of USPAP.
Telling the MB that the reviewer should measure the property is not very smart. It is not your business to tell them how to do their job. It is their job to determine if you have done yours.
The reviewer told him how he should do his job...what's good for the goose is good for the gander.
I bet the next time the MB needs a condo appraisal you will be the last appraiser they call.
The reviewer did not even work for the entity who ordered the appraisal (the mortgage broker). It is more likely that the mortgage broker would stop sending loans to Countrywide and other lenders who use idiot reviewers who do not know the guidelines and have an attitude problem.
Bang! Hole blown.
I think not.
The SOW on page four has the following item:
(5) research, verify, and analyze data from reliable public and/or private sources. If the dimensions and GLA in the plat matched the GLA in the public records, then it was verified.
How did you verify the dimensions and GLA from the plat unless you measured the condo? Apparently you didn't until they demanded that you measure it.
He did'nt measure the condo, because he was not required to by the Fannie guidelines guidelines, USPAP, or the Fannie Mae SOW for the assignment.
Bang!. Another hole blown.
Hardly.
Call me "persnickety" if you want. I am picky about measuring though.
I would call you a loose cannon who apparently either cannot read and understand the actual guidelines or ignores the actual guidelines and makes up his own guidelines in order to slam somebody who does an appraisal differently than you would have, even if the orginal appraisal conformed to all applicable guidelines. Everytime you do that, you violate USPAP.
It is my opinion that reviewers who are unable to follow actual guidelines and make up their own guidelines are not competent to perform appraisal reviews......but just call me persnickety.