Hybrid Appraisals

[Terrel L. Shields]

The appraiser makes no guarantees, express or implied, regarding the accuracy of this data.

Who gives a rip what disclaimers you make? It's the courts and boards that will decide if that complies with USPAP. Otherwise, we could disclaim reliance upon the report 100% of the time for any and all reasons.

To create a report out of whole cloth is no different that creating a report under a series of speculative assumptions that are patently false, unverifiable, or suspect at best.

Finally, if we were to create such reports that turn out to be based upon dubious and unsupported assumptions made by the inspector, what does that say about our professional credibility? It says we have no credibility. And the goal therefore, must be something else. To let AI write the report? Boy talk about a real fairy tale then.

 

[chad hampton]

No one said that.. or bent anything. Only appraisers are required to comply with USPAP. The Lenders don't have to. Lenders have their own set of rules. No one should be surprised that Lenders have sought ways to save money or to speed up the process of approving the loan. No one should be surprised that some Lenders would like to eliminate the appraisal entirely... when they can.

Why is there no USPAP for AMC‘s? They manage the process, they should be responsible for the work products they produce as well.

I guess lobbying money does pay for itself. Who needs morals and ethics when you could just cut a check.

 

[Joe Flacco]

,......

 

[Dublin ohio]

they should be responsible for the work products they produce as well.

Wait...........................What!!!!!!!!!!!!!

 

[Mejappz]

Thread 'Realtor Fined $10,000 for Impersonating an Appraiser'

Thursday at 11:52 AM

Impersonating an Appraiser – The Costly Consequences of Playing Dress-Up in Real Estate.
Being an appraiser isn’t for the faint of heart. The job requires thick skin, a strong moral compass, and an unwavering commitment to impartiality. There are times when you have to stand your ground, even when clients plead with you to sway the value. Sometimes, the market tells a story that’s not what people want to hear. Whether it’s a low appraisal for a refinance or a high one for a divorce, appraisers have to stay true to the facts. No matter how much pressure is applied. Objectivity is...

• Mejappz

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[chad hampton]

They impersonate an appraiser every time they go into a house for a bull**** hybrid.

 

[Dublin ohio]

They impersonate an appraiser every time they go into a house for a bull**** hybrid.

That information is on the lender/client/ AMC. They should inform the borrower that the person coming to do the inspection is not an appraiser but a data collector. Now if the data collector is saying they are an appraiser or there to perform an appraisal, that is a different issue.

 

[Justinjla]

That information is on the lender/client/ AMC. They should inform the borrower that the person coming to do the inspection is not an appraiser but a data collector. Now if the data collector is saying they are an appraiser or there to perform an appraisal, that is a different issue.

There is very detailed and specific training for property data collectors for how they engage with the homeowner or property contact. They should not be impersonating or saying they are the appraiser.

 

[Mejappz]

 

[CGinMN]

^^^There is no denying this is happening, and it will continue to happen no matter what policies are in place. Consumers, by and large, have a very vague understanding of what it is that appraisers do. Any appraiser who interacts with borrowers on a regular basis understands this. This is because agents and mortgage people who are supposed to be advising the consumer on these matters often benefit from keeping their customers uneducated about our role, or equally as bad, even they are clueless. If many among them cannot explain our function, how are they going to explain whatever it is a data collector does?