Using MLS Photos

[Peter LeQuire]

No, they just require the 1004, which does

Somehow that connection is being (willfully) ignored.

 

[Mr Rex]

Wait until Ms Trice gets here and supposes that folks with weaselly predispositions are drawn to the appraisal field. Its sad that so many folks would rather parce words rather than do what they know they are supposed to do. It gives the rest of us a bad name, and pizzes me off to no end.

 

[Ahhhh Yeahhhh]

No, they just require the 1004, which does

No, they just require the 1004, which does

So you are saying that it is 100% perfectly OK to do an appraisal and completely ignore the MLS photos in lieu of driving by the comp? OK... Whatever. Driving by the comp is the minimum and if you do that then you don't have to do anything further to adhere to the SOW.

You won't get in trouble if you do the minimum... So... I guess you won't get in trouble if you ignore the MLS photos and completely F up a report because you failed to do so.

I want Rob Frazier to come on here and show where there is a requirement to drive by a comp. Furthermore, I want him to specifically tell us all that looking at the MLS photos is inferior to driving by the comp and that as long as an appraiser drove by the comp it is perfectly within the SOW to ignore the pictures in the MLS.

 

[Meandering]

DAMMITALL some people care that those who take short cuts with plain language requirements are liars and thieves. If appraisers openly admit that they refuse to comply with the requirements of the SOW of the GSE forms, they probably can be expected to not comply with whatever SOW comes down with BPOs. We're not talking about BPOs and who took the photos for them. Do what you say you did: it isn't that difficult, or it shouldn't be.

Not that I disagree with you

But it's been my recollection that all through this Mr. Hell yeah, said he did state when he did or did not go see the comp, so what is he not complying with?

His client accepted it.

Somebody is funding those loans, so it's all been accepted. If it wasn't acceptable to his clients, he would not be here discussing it, but rather would be in remedial classes.

So who am I to judge? I haven't seen it.

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[CANative]

FHA wants the original appraiser photo to demonstrate that the appraiser has executed the scope of work.

It's not about the picture. It's about inspecting the property in person.

 

[Meandering]

The poster said he had asked HUD. Well, Rob is the man at HUD,

As for the CEO of Fannie, I would wager a large sum that he is not involved in appraisal policy.

Not my issue.

The Captain goes down with the ship.

Oh, and his millions of dollars golden parachute goes with him.

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[Mr Rex]

Wait until Ms Trice gets here and supposes that folks with weaselly predispositions are drawn to the appraisal field. Its sad that so many folks would rather parce words rather than do what they know they are supposed to do. It gives the rest of us a bad name, and pizzes me off to no end.

So you are saying that it is 100% perfectly OK to do an appraisal and completely ignore the MLS photos in lieu of driving by the comp? OK... Whatever. Driving by the comp is the minimum and if you do that then you don't have to do anything further to adhere to the SOW.

You won't get in trouble if you do the minimum... So... I guess you won't get in trouble if you ignore the MLS photos and completely F up a report because you failed to do so.

I want Rob Frazier to come on here and show where there is a requirement to drive by a comp. Furthermore, I want him to specifically tell us all that looking at the MLS photos is inferior to driving by the comp and that as long as an appraiser drove by the comp it is perfectly within the SOW to ignore the pictures in the MLS.

WTF is so hard to understand? (3) inspect each of the comparable sales from at least the street

 

[CANative]

What makes me so mad is that this is the type of dishonest thinking and rationalizing that put me out of the fee business for five years. Couldn't keep up with the churn and burn crowd that cut corners and didn't inspect comparable sales (in a rural area.)

 

[TRESinc]

Post it.

post what? i already gave you the FAQ and page numbers. don't you have the current version of USPAP that you are supposed to be in compliance with? based on your response it's obvious you don't, so head on over to USPAP.org and see for yourself.

It isn't USPAP renewal here, so my version, 2014-2016

And unless they changed the USPAP to say that FAQs are now USPAP, and not just suggestions, it's still not relevant, as USPAP does not have an inspection requirement for comps.

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there is no such thing as a 2014-2016 USPAP. your state license renewal has no impact on your requirement to follow the current USPAP. i'd live to listen to that argument in a court room: "No Your Honor, my state did not require me to conform with USPAP until next year so I ignored it".

 

[djd09]

FAQ 285.
There are sheep and then there are some who want to be sheep herders.