Freddie Mac vs Appraiser Bias

[DWiley]

ACI does not allow it. Win Total does. Not sure about the others. So no appraisal software is not vague.

I just talked with ACI. Their forms software definitely allows it. However, within ACI there are review rules. Those rules can be, and are, configured for certain clients. So, again, the limitation you are battling is from the lender/AMC. It has nothing to do with MISMO, XML, or the GSEs.

 

[Sadie]

I just talked with ACI. Their forms software definitely allows it. However, within ACI there are review rules. Those rules can be, and are, configured for certain clients. So, again, the limitation you are battling is from the lender/AMC. It has nothing to do with MISMO, XML, or the GSEs.

Good to know. Thank you for tracking that down. Unfortunately for my trainee it was all of my clients.

 

[Sadie]

I just talked with ACI. Their forms software definitely allows it. However, within ACI there are review rules. Those rules can be, and are, configured for certain clients. So, again, the limitation you are battling is from the lender/AMC. It has nothing to do with MISMO, XML, or the GSEs.

Interesting, I guess it depends on who you talk to at ACI. Here is their response to me:

It's a pleasure to help you via email today .

If the trainee isn't licensed and he signed the report it will never pass varication of ASC.gov .

 

[glenn walker]

Interesting, I guess it depends on who you talk to at ACI. Here is their response to me:

It's a pleasure to help you via email today .

If the trainee isn't licensed and he signed the report it will never pass varication of ASC.gov .

What is your Problem ? I Why do you want to beat this dead horse ? Enough

 

[TerryRohrer]

What is your Problem ? I Why do you want to beat this dead horse ? Enough

It is hard to imagine that someone expects verification of licensure for an unlicensed individual.

 

[glenn walker]

It is hard to imagine that someone expects verification of licensure for an unlicensed individual.

And in her State they have their own unique rules that others don't .

 

[DWiley]

Interesting, I guess it depends on who you talk to at ACI. Here is their response to me:

It's a pleasure to help you via email today .

If the trainee isn't licensed and he signed the report it will never pass varication of ASC.gov .

LOL. Actually, I think it depends on the question you ask. You claimed that ACI did not allow a trainee to sign the report. So, I asked if ACI allowed a trainee signature.

You seem to have asked not about signing a report, but how the "review engine" deals with such a report.

Given that the national registry only lists appraisers who are licensed or certified, it seems pretty obvious that a report signed by a trainee (or an appraisal assistant, as they are called in the Oregon law) could not be verified using the list from ASC.gov. The check of the national registry is only one rule in a rule set. What happens when that rule cannot be passed is up to the designers/administrators of the rule set and the clients that use the rule set.

Bottom line -
1. Your forms software does allow you to produce appraisal reports signed by a trainee (appraisal assistant)
2. Whether you can upload such a report to your clients depends on your clients.
3. The fact that those you work with do not allow it is in no way an indication that there is a general rule prohibiting it; such reports are created and uploaded every day

My practical advice would be that if you are going to have trainees, then take advantage of the current lull in business to seek out new/additional clients that do accept such reports. They are out there.

 

[alebrewer]

Kudos for the undaunted and graceful efforts to assist Sadie with understanding this.

 

[Dale Floyd]

LOL. Actually, I think it depends on the question you ask. You claimed that ACI did not allow a trainee to sign the report. So, I asked if ACI allowed a trainee signature.

You seem to have asked not about signing a report, but how the "review engine" deals with such a report.

Given that the national registry only lists appraisers who are licensed or certified, it seems pretty obvious that a report signed by a trainee (or an appraisal assistant, as they are called in the Oregon law) could not be verified using the list from ASC.gov. The check of the national registry is only one rule in a rule set. What happens when that rule cannot be passed is up to the designers/administrators of the rule set and the clients that use the rule set.

Bottom line -
1. Your forms software does allow you to produce appraisal reports signed by a trainee (appraisal assistant)
2. Whether you can upload such a report to your clients depends on your clients.
3. The fact that those you work with do not allow it is in no way an indication that there is a general rule prohibiting it; such reports are created and uploaded every day

My practical advice would be that if you are going to have trainees, then take advantage of the current lull in business to seek out new/additional clients that do accept such reports. They are out there.

I think the real issue is completely missed.

We start from the initial problem, which involves the hard stops many have encountered while trying to upload a report. (Yes Danny - They really do happen.)

And then..... It's the GSEs fault - No, it's the software - No, it's the AMC - No, it's the transmission protocol - No, it's the ASC - No, it's the lender - - - - No, it's Eve - No, it's Adam - No, it's the Snake - Geez.........

The whole reason for these complicated transmission programs, falls to the changes initiated by the GSEs in the first place. These wonderful souls may not be the reason there are problems in an appraisal being transmitted, but they are the ultimate cause of the multiples of various program codes that were not considered and everybody has to catch up. Obviously, there were tons of flaws initially as we all remember, and many still exist. Sadie wasn't lying, and DW isn't completely wrong - But the problem is a little bigger. Other changes being forced down the appraisal process throat, will also result in a ton of issues because people making these decisions are generally not practicing appraisers and only have an agenda of faster and cheaper without regard to reality.

Another reason why the practicing geeky nerdy analytical appraisers should always be included in the conversations involving appraisals. It would be a refreshing change. One can only hope.

 

[DWiley]

I think the real issue is completely missed.

We start from the initial problem, which involves the hard stops many have encountered while trying to upload a report. (Yes Danny - They really do happen.)

And then..... It's the GSEs fault - No, it's the software - No, it's the AMC - No, it's the transmission protocol - No, it's the ASC - No, it's the lender - - - - No, it's Eve - No, it's Adam - No, it's the Snake - Geez.........

The whole reason for these complicated transmission programs, falls to the changes initiated by the GSEs in the first place. These wonderful souls may not be the reason there are problems in an appraisal being transmitted, but they are the ultimate cause of the multiples of various program codes that were not considered and everybody has to catch up. Obviously, there were tons of flaws initially as we all remember, and many still exist. Sadie wasn't lying, and DW isn't completely wrong - But the problem is a little bigger. Other changes being forced down the appraisal process throat, will also result in a ton of issues because people making these decisions are generally not practicing appraisers and only have an agenda of faster and cheaper without regard to reality.

Another reason why the practicing geeky nerdy analytical appraisers should always be included in the conversations involving appraisals. It would be a refreshing change. One can only hope.

Well, in Sadie's case, I don't think it is complicated at all. The lenders/AMCs she is working with don't want reports signed by trainees, and they police that policy by having rules in the review/upload systems that prevent such a report from being uploaded. I never thought that Sadie was lying - she, like many, just did not understand how the systems work. The lenders/AMCs who have systems that block reports signed by trainees view that as a feature, not a bug. The GSEs themselves allow and promote the use of trainees but lenders may have more restrictive policies.

As for appraiser involvement in systems, that happens to a much greater degree that most know. There is a tendency among some to think "Well, I wasn't involved, so I guess no appraisers were involved." When the original UAD rolled out I was part of a group of field appraisers from all over the country that met with the GSEs in Washington, DC to preview it and provide input. Most had no idea that had happened, because we all signed NDAs and could not discuss it.