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Appraisal Start Program

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· Standard 1 | Correctly noting and recording exterior property features
· Standard 2 | Ensuring appropriate pre-inspection preparation is completed
· Standard 3 | Taking correct and clear photos of all required elements
· Standard 4 | Developing a thorough and consistent inspection routine
· Standard 5 | Maintaining appropriate professionalism and customer communication
· Standard 6 | Accurately measuring the subject property and determining which spaces to include in the GLA, and which spaces to label separately
· Standard 7 | Correctly recording room types and count
· Standard 8 | Correctly noting and recording interior property features
· Standard 9 | Correctly noting and recording any health and safety issues
· Standard 10 | Correctly identifying external obsolescence

Standard 11 / Accepting any fee offered by an AMC
Standard 12 / Accepting any assignment conditions stipulated by an AMC
Standard 13 / Accepting any TAT asked by an AMC
Standard 14 / Correcting any stips, warranted or not, within 4 hours
Standard 15 / Facing the reality that the AMC is the master, will pay appraiser if and when it chooses to do so
Standard 16 / Sign up with any app offered by the AMC so that inspection appointments can be set by the borrower and/or the AMC :)
 
Standard 2 | Ensuring appropriate pre-inspection preparation is completed
· Standard 4 | Developing a thorough and consistent inspection routine
These two "standards" jump out at me
S2: There are times I barely "prep" a file before I go see a property! I just did one the other day. Property was barely 2 miles from me. I was backed up with other reports so I just threw the county sketch and my pg 1 of the URAR in the file folder and went to the inspection! Is that "appropriate pre inspection preparation" ??? But it happens - and I'm not ashamed of it. I've even done that with properties 45-50 mins away ... I always regret these though due to having to drive back out for the comp pics

S4: Not all properties are the same and for whatever reason the inspections then may not be consistent. Yes, I have a "routine" but I'm sure it's different than many of yours. And on some properties, maybe due to weather or homeowner's time restraints, I may have to switch up my routine. But to make a "standard" about "consistent inspection routines" is absurd to me. My way works for me, yours probably works well for you, but I guarantee they are probably not the same! And that's fine
(BTW, I'm talking in general terms with "yours" and not at anyone specific)
 
Personally, I think the CRN is in desperate need of input from SMEs who look at SFR appraising as an extension of the underlying fundamentals as opposed to being an update to Harrison's "How to fill out the URAR".

Tip #1
Find a different term for their current use of "Standard 1", etc. That's just going to cause confusion among noobs . And the idiot contingent among the CRs who train the majority of the noobs. As an example, an "action objective" could be considered an interim step towards a goal. Or some other nomenclature thats distinct from USPAP-speak.


Tip #2
Back way the fark up and get away from the forms-driven (SR2) appraisal development (SR1) mentality. If you're trying to prepare a new generation of appraisers for the more sophisticated environment they're going to be serving over the next 30-40 years of their careers you need a clean break from the form monkey mentality. You need to reframe everything into the underlying fundamentals that will enable them to perform to similar effect in any applicable appraisal protocol regardless of its cosmetics. The applications are the extension of the fundamentals.

That means the specifics of the GSE protocols come dead last on your list. Those "extras" are the addenda to the noob's training, not the main course of instruction. if for no other reason than the fact that the GSEs are not an appraisal entity, they don't understand the esoterics that well, and are in no position to be instructing appraisers on how to appraise. All they know is what is meaningful to their process, which to be sure is a critical component of the appraisal assignment but by the same token is not a separate and distinct expectation that exists on its own.

Tip#3
And while we're at it, those fundamentals include the practical applications of our "The USPAP", so those basics are best integrated into the training, not treated as a separate module that gets added on as an afterthought. There are good and valid reasons for virtually all of those requirements and it's never too soon for appraisers to learn what those reasons are and why adherence benefits them more than anyone else in the transaction.


Tip#4
You can't effectively analyze the specifics of the subject property in isolation to its environment, so the nuts-n-bolts of neighborhood analysis come first, site analysis comes second, improvements analysis come third and HBU analysis comes 4th (not 2nd). "Analysis" consisting of a bit more than simply copy/paste a meaningless generic boilerplate.

Tip#5
Work from the macro to the micro, from the outside>in. Neighborhood > Site > Exterior features of the site improvements > Interior features from the public zone to the private zone > extras not already addressed. THEN you're in a position to relate the subject attributes to its proximate environment, and THEN you can get into market segment identification and analysis. Which will sometimes be different from the neighborhood analysis, even if "different" just means it's a subset of that neighborhood composition.

Tip#6
The current 1004MC is intended as an integral part of the market segment analysis and leads directly into the Sales Comparison, those direct comps being the expression of the trends demonstrated by their larger market.

etc., etc.

We can't create logical and orderly thinkers to operate in a logical and orderly manner without setting that example and structuring their training that way. Most all of the details relate directly back to the fundamentals, anyway - so they're not arbitrary to begin with. Jumping around to elements out of sequence and without use of a progression won't result in a progression, but rather just an accumulation of trivia. It's the difference between memorizing all the details of a specific problem in advance vs being able to think and learn your way - in a structured and logical and effective manner - through any new-to-you situation.

The development of the logical sequence of development is also a requisite step towards getting the logical sequence in explanation and reporting.


So that's it. Get off my lawn.
 
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Personally, I think the CRN is in desperate need of input from SMEs who look at SFR appraising as an extension of the underlying fundamentals as opposed to being an update to Harrison's "How to fill out the URAR".

Harrison's Columbia institute was bought by Corelogic

Now everyone stand back and watch while everything you need, or rely upon to appraise gets bought by Corelogic

.
 
Oh, and BTW,

If the CRN wants to establish a meaningful benchmark for SFR appraisal reports for the AMCs and lenders to use, coming up with a well developed, structured and logical "model" report for appraisers to use that incorporates but is not limited to the standard GSE forms would promote a level of consistency that would likely become a benchmark adopted (and sometimes modified) by users and even other appraisers outside their network. Give them a visual of what you want so they know exactly what levels of content and structure your power users are looking for would be yuuuge.
 
CRN is only interested in feeding the AMC pipeline with warm bodies to ward off any shortage that might drive fees up. It's not about providing quality training, though their materials may be decent. . What CRN fails to understand is there may be a limited number of appraisers willing to supervise to feed the AMC pipeline. If not enough newbie fodder is forthcoming, the bottom feeder segment of lenders and their AMC's will lobby to reduce requirements even further. They'll try anything except the true workable solution, which is restore good fees and decent working conditions to their end of the business. There are plenty of licensed appraisers right now these companies can use, but they won't if it means paying above basement level.

Metro West and Forysthe will offer staff appraisers a meager bonus to supervise, and a few short sighted individual cert appraises will bite, the only ones who can really benefit are those appraisers with physical limitations who need a person to send out. Other than that, I doubt there will be a horde of appraisers stepping up to supervise even if trainees can inspect alone after a limited # of reports /client accept it because:

1) a low AMC fee yields little to be split two ways and that is mainly who this is geared to. If an appraiser has hard won better pay clients they are not stupid enough to jump at a quick profit to invite a flood of newbies in since this part of the market is limited.
2) Despite education modules or "support", a trainee will make mistakes/ need help/l lag in turn times, AND the liability is still on the supervisor.
3) A licensed/cert appraiser whose clients comprise the low pay AMC's and their associated lenders ( both are complicit, we tend to blame the AMC) would recognize they are training their replacement / creating a new wave of competition to bid down orders even further.
 
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Harrison's Columbia institute was bought by Corelogic
That's George Harrison, San Antonio, down in Dr. Deane territory, NAMA (RIP). Henry Harrison (Connecticut?) was forms & worms, author of how-to books. George Harrison was excellent USPAP teacher.
 
That's George Harrison, San Antonio, down in Dr. Deane territory, NAMA (RIP). Henry Harrison (Connecticut?) was forms & worms, author of how-to books. George Harrison was excellent USPAP teacher.

Yup,

Bought by Corelogic.

Look for their Expo advertisement email, and read all the way to the bottom.

Coloumbia Institute owned by Corelogic.

.
 
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