Interagency Appraisal And Evaluation Guidelines

[Eli]

Awe come on,

It's only been updated 6 years ago. When are appraisers supposed to find the time to read it in a re-fi boom?

Looks like you, Terrel and I are the only one's that have read it, and can lay claim to USPAP mandated competency.

Yeah, we get all the work!

Game won.

Wrong.

 

[Meandering]

Wrong.

Yeah, they read it like they read the Dodd Frank, totally ignoring it was only good for 90 days, because the AMC did not highlight that part of the law for them.

Yeah okay.

.

 

[djd09]

Just my opinion , there are too many rule makers or guideline makers. It is confusing to which to adhere.

 

[Meandering]

Just my opinion , there are too many rule makers or guideline makers. It is confusing to which to adhere.

So lets undo the confusion and start making a list.

USPAP
IAEG
IFR
TILA = Title 12
FIRREA
FHA 4000.1
USDA
Fannie Guide
Freddie Guide
State Laws
IRS


And let's limit this list to only residential, least we wind up with Yellow Book arguments.

Let others continue the list.

.

.

 

[EddieB]

How many open the USPAP after the class is completed.

 

[Meandering]

I do

 

[Howard Klahr]

Looks like you, Terrel and I are the only one's that have read it,

Marion, Marion, Marion ...
Maybe you should read it again

IAEG is a regulation or law that applies to residential lending appraisals,

While it it not limited specifically to residential appraisals, it does not even apply to all residential appraisals

It is confusing to which to adhere

Now maybe you'll understand why intended use and intended user are significant

 

[Meandering]

Marion, Marion, Marion ...
Maybe you should read it again

I posted that early in the day. 10:30 am So 12 hours later, it has changed. Still a paltry turn out for an appraisers forum.

While it it not limited specifically to residential appraisals, it does not even apply to all residential appraisals

That's true,
there are some residential appraisals where only USPAP and state laws apply, depending on the state.

But of course those would not be the appraisals that the whiners complain about here, 'cause they don't involve an AMC and the fee is negotiated with the client, instead of being spoon fed and withdrawn by an AMC

.

 

[Howard Klahr]

those would not be the appraisals that the whiners complain abou

those would not be the appraisals that the whiners complain about

There are actually numerous residential appraisals that do not fall under the umbrella of the Insurgency Guidelines at all

 

[Mike Kennedy]

https://occ.gov/news-issuances/bulletins/2016/bulletin-2016-8.html


http://www.appraisalinstitute.org/u...eragency-appraisal-and-evaluation-guidelines/