This is what I was told about Desktops...

[Carnivore]

Hordes of Appraisers waiting for their Desktoppie/Burb-It-Up Assignments

 

[Non Sequitur]

Hordes of Appraisers waiting for their Desktoppie/Burb-It-Up Assignments
View attachment 61342

All assimilated by the Queen of CRN Valuation Visionaries.

 

[Overimprovement]

Hordes of Appraisers waiting for their Desktoppie/Burb-It-Up Assignments
View attachment 61342

FIFY

 

[djd09]

Solutions To Discrimination In Home Appraisals​

The Chicago Reporter is committed to producing stories that identify marginalized communities’ challenges and opportunities. In recent months, the racial bias in home appraisals has dominated the conversation in Chicago, the state, and across the country.


In Part 1 of Racial Bias In Home Appraisals, we outlined what thought leaders have identified as some of the root causes for the widespread, pervasive disparities undervaluing Black and Brown homes, preventing them from attaining wealth.


In Part 2, we learn from lawmakers, industry leaders, and the community what solutions are (or should be) on the table to confront racial bias in the appraisal industry from enforcing laws, enacting new legislation, and empowering the public to act.

Freddie Mac and Fannie Mae, two of the largest financial institutions believe they have a remedy for Black and Brown homeowners low-balled by bank appraisers compared to their white counterparts. In March the companies launched remote desktop appraisals, in which an appraiser never meets a homeowner or has an opportunity to see their family portraits on the wall, etc.

Solutions To Discrimination In Home Appraisals - The Chicago Reporter

The Chicago Reporter is committed to producing stories that identify marginalized communities’ challenges and opportunities. In recent months, the racial bias in home appraisals has dominated the conversation in Chicago, the state, and across the country. In Part 1 of Racial Bias In Home...

www.chicagoreporter.com

 

[Sadie]

Solutions To Discrimination In Home Appraisals​

The Chicago Reporter is committed to producing stories that identify marginalized communities’ challenges and opportunities. In recent months, the racial bias in home appraisals has dominated the conversation in Chicago, the state, and across the country.


In Part 1 of Racial Bias In Home Appraisals, we outlined what thought leaders have identified as some of the root causes for the widespread, pervasive disparities undervaluing Black and Brown homes, preventing them from attaining wealth.


In Part 2, we learn from lawmakers, industry leaders, and the community what solutions are (or should be) on the table to confront racial bias in the appraisal industry from enforcing laws, enacting new legislation, and empowering the public to act.

Freddie Mac and Fannie Mae, two of the largest financial institutions believe they have a remedy for Black and Brown homeowners low-balled by bank appraisers compared to their white counterparts. In March the companies launched remote desktop appraisals, in which an appraiser never meets a homeowner or has an opportunity to see their family portraits on the wall, etc.

Solutions To Discrimination In Home Appraisals - The Chicago Reporter

The Chicago Reporter is committed to producing stories that identify marginalized communities’ challenges and opportunities. In recent months, the racial bias in home appraisals has dominated the conversation in Chicago, the state, and across the country. In Part 1 of Racial Bias In Home...

www.chicagoreporter.com

Oh, wait til the repos start. Then who will they blame?

 

[djd09]

well, i guess if you do them, they might have sent the order over that way due to your bias

 

[Overimprovement]

It's funny how not long ago it was the banking industry being accused of redlining and being racist ---so they made a show of posting their loan approvals per zip code/census blocks, and the furor died down. They didn't actually change a thing. One of the obvious reasons certain areas have lower prices/sf (compared to other areas) is lower demand overall. One reason demand is lower is fewer people actually interested in BUYING homes in those areas are unable to get financing. Why are they unable to get financing? We know the reasons, but instead of being realistic and trying to fix the REAL problems...they are glossed over--don't want to offend anyone.

Any lets not forget, banks have big lobbyists and lawyers and we NEED them, so lets pick on the little guys. They are like swatting flies...

 

[NJAPRAZE]

Oh I know for a fact some of this crap is the AMC. I have one lender client who I worked with thru AMC A for 2 years--they never required E&O to be in the report. This lender then started to work with AMC B as well (I get orders for this lender thru both), and AMC always requires E&O in the report, saying it is a client requirement. Sure enough, first and subsequent orders from this same lender with AMC B asked for E&O in the report.

FTR, I NEVER include my E&O in a report. I just state I cannot accommodate this request per recommendation of my carrier. The point is it is the AMC is the one requiring this, under the guise of it being a lender demand. Hogwash! The stupid thing is the AMC of course has my E&O on file. Why on earth do they think they need it in every report?

uhhh... give the impression that it is INSURED or guaranteed? Appearance that you're more liable than they are???

 

[ramrcdk]

Understanding Desktop Appraisals: Takeaways from Fannie Mae and Freddie Mac​

Why Desktop Appraisals, and Why Now​

Scott Reuter of Freddie Mac kicked off the webinar explaining why government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae felt confident about introducing desktop appraisals as a permanent fixture in appraisal fulfillment at this time.

Their confident and WHY NOT... IT's OUR E&O & Liability !!! Really...could be a career killer.

(Speaking OF ...E&O, I just filled out the Forms for the next two years through my carrier. On the section: what type of assignments & where from (clients) I BOX checked "Other": Filled In: Desktop Form Products mandated by Fannie Mae/GSEs. Reason WHY: The E&O Carrier Reviews & Approves my Application, the Forms/Clients....and provides to me E&O. Therefore, SHF ...I clarified, disclosed, & they were knowledgeable, & approved MY E&O Coverage for these type products. CYA)

Desktop appraisals inadvertently experienced an accelerated widespread trial period as a result of social distancing and restrictions on in-home assessments due to the COVID-19 pandemic. This provided insight into whether this innovation could become a long-term offering.



“We are right off of all of our learnings from COVID flexibilities with desktop and exterior-only reports,” Reuter noted. “Appraisers really did a tremendous job. We didn’t see any increased risk. In fact, when appraisers were completing these reports, they were typically going a little bit above and beyond the minimum requirements.”

TOO GOOD of a JOB !!! WE ARE still their TEST RATS

​

Adapting Will Take Time and a Mindset Shift​

BRAIN WASHING

Not all appraisers are ready to welcome desktop appraisals with open arms. Rose explained that part of that is due to misconceptions in the market about the process or the technology solutions that support it.


“We’ve worked with a lot of appraisers who came in necessarily out of the gate feeling as though they were against this process,” he said. “When they all of a sudden see and understand what can be delivered to them and in such a comprehensive fashion, it really inspires confidence in all of our appraisers.”

...cough....choke... DRINK THE KOOLAID This Sales JOB is SOOOOOOOOO Lame!

Zitin added that liability is a crucial area of concern for appraisers: “That’s because they’re still liable for using the information that is potentially provided by someone [else]. So they have to trust this information or verify it.”


I think it’s a liability concern that eventually will hopefully get remediated over time through continuous messaging and education.”

eventually ...hopefully... through continued BRAIN WASHING... DRINK THE KOOLAID. meanwhile along-the-way HOW many lost their careers?

Desktop appraisals are helping to drive more change in an industry that has been historically slow to evolve. “I’m personally very bullish on all the emerging tools in tech,” Reuter said. “I think they’re going to be the absolute backbone of what innovation and modernization is going to look like.”​

NOPE...the APPRAISERS ARE the BACK BONE, Sir. He REALLY has GOTTEN so much better at the BS over these past months!
COME ONNNNNNNNNN JOIN US... DRINK UP !!!

YEP...he IS their Spokesman...or he is THE spokesman on this issue for Fannie.
Seems he has been honing his craft over these past months.

MY Stance: I must follow USPAP. I will follow my business plan. IF I am sent a DESKTOP Order, my time-related charges START when I click on the Order.
Where extensive time-related research finds the Ordered Form to not be the suitable Form and an Upgrade should be "ordered" they will receive MY Findings along with MY Bill referred to as a : Assignment Order Consulting Fee.
Where the Ordered Form is sufficient: the Going Fee is the same as the Traditional Fee for a Complex Assignment.

"THEY-GSE's " should be educated & know by their own research WHICH Form should be Ordered. THEY get paid for their time... in figuring THAT out and SOooo should I. Appraisers tend to be detectives for the Standards 1,2,3.
I will not play Detective for the Client to be properly educated, right Fannie?

 

[Alsie35]

I'll be interested in what he has to say 6 months down the road .... when it becomes abundantly clear no appraisers are taking these ....