So much for the 1004 Desktop being easier

[Elliott]

"Interior photos are required, use all available sources required in a typical interior assignment."

One more reason to charge the same as the good ole 1004.

 

[J Grant]

Did a couple and hate them. Have to deal with the homeowner for info... the 2 were pleasant BUT , in their mind, since they sent me photos, it is now open season to follow up with questions and when will report be in and can I get them a copy and yada yada...

 

[CANative]

I have no plans on offering any discount. If we need photos and there is no MLS (recent) then the borrower can take them and send them to me.

 

[Amy Perkins]

"Interior photos are required, use all available sources required in a typical interior assignment."

One more reason to charge the same as the good ole 1004.

"Use all available sources"... what sources? homeowners?

 

[CANative]

"Use all available sources"... what sources? homeowners?

Yes.

 

[Amy Perkins]

Can the homeowners get the comp photos too.... (kidding)

 

[CANative]

1. May a desktop or exterior only inspection appraisal report completed using the appraisal flexibilities offered by Lender Letter LL-2020-04 include photos or other information provided by the borrower/owner?

Yes. Consistent with USPAP, appraisers are permitted to consider and develop any information deemed credible. It is important to note, certification #10 has been removed in recognition that the appraiser may have relied on information from an interested party to the transaction (borrower, realtor, property contact, etc.) and additional verification may not have been possible.

1. How will the appraiser be able to obtain subject photos for a desktop appraisal report?

Photos can be obtained from sources such as third-party websites, owners, or listing services, etc.


NOTE: Any use restrictions on photos must be honored.

1. What if adequate information is not available for the appraisal?

Appraisers may use information in MLS, reach out to the broker, homeowner, public records, and/or other online tools such as satellite imagery and street views to obtain the necessary property information. A good faith effort should be used to provide information that the appraiser believes is reasonable. If adequate information about the subject property is not available, the mortgage will not be eligible for sale to us until the appraiser has sufficient information to complete the desktop appraisal or an appraisal with an exterior-only inspection.

 

[Amy Perkins]

So what do you do make them sign something under penalty of perjury?

 

[CANative]

No. Why would I do that?

 

[Amy Perkins]

If they lie and use their neighbor's kitchen photo, it is considered appraisal fraud. That they understand that they are responsible for lying to the appraiser and that the appraiser is not responsible for any misleading photos or statements in regards to the misleading appraisal. That they understand that it is an attempt to influence an appraiser which is a felony. Just sign here please...