Hybrid Appraisals

[ucbruin]

The best appraisers do not have to work with the GSEs.

Then I guess there only 2 or 3 of you "best" appraisers posting on the AF....

 

[Mejappz]

Well, well, well… look what we have here. While boots-on-the-ground appraisers are out here dodging low fees, wrestling with AMC red tape, and praying a 1004D doesn’t show up at 4:55 PM on a Friday, our beloved “Chief” appraisers are living it up in DuPont Circle—coffee in hand, sunshine pouring through the windows, and not a care in the valuation world. It’s the brunch club of industry insiders, featuring the Executive Director of REVAA and the Chief Appraisers from Amrock, Classless, Solidifi, and Stewart, all gathered around the table like they’re solving problems instead of creating them. Meanwhile, the actual appraisers—the ones dealing with absurd revision requests, compressed turn times, and mounting pressure from all sides—are nowhere to be found. When was the last time any of these folks sat down with a working appraiser to talk about real-world challenges? Exactly—never. But show them a photo op in DC, and they’re suddenly all available. You can bet they’re not just enjoying the coffee—they’re probably cooking up the next big “modernization” rollout that somehow benefits everyone except the people doing the actual work. I'm sure they have the appraiser's best interest on their minds. Right, DW?

Added: Like I ve always said, the gang of six.

 

[djd09]

'We are firmly committed to doing everything in our power to promote racial equity in housing, including helping all homeowners receive a fair and impartial appraisal.'

Jake Williamson, SVP, Single-Family Collateral Risk Management

Valuation modernization
Better use of data, technology, and process design can be powerful tools to drive more factual, objective, accurate, and reproducible appraisals. Fannie Mae is on a journey of continuous improvement to make the home valuation process more efficient and accurate. We've transitioned to a spectrum of options to establish a property’s market value, with the option matching the risk of the collateral and the loan transaction. The spectrum balances traditional appraisals with appraisal alternatives. Options include the use of automated valuation models to validate the estimated property value, the collection of updated property data to confirm the model value, and the use of alternative-scope approaches, like hybrid and traditional appraisals. This valuation spectrum mitigates appraisal pain points and risks of human bias.

Visit the Valuation Modernization page.

Our commitment to accurate, objective, and unbiased appraisals | Fannie Mae

At Fannie Mae, it's our mission to facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America. Learn about the ongoing actions we are taking to reduce the risk of appraisal bias in support of that goal.

singlefamily.fanniemae.com

...

 

[chad hampton]

The enemy hides in plain sight. Honestly, wouldn’t one of them sit there and say perhaps this isn’t a good look?

 

[Mejappz]

The enemy hides in plain sight. Honestly, wouldn’t one of them sit there and say perhaps this isn’t a good look?

Their hubris won't allow it.

 

[chad hampton]

I wonder if they’re getting separate checks?

Don’t worry, they don’t post the pictures of what goes on at those expensive dinners

 

[Mejappz]

Don’t worry, they don’t post the pictures of what goes on at those expensive dinners

I heard that the nighttime gala featured one bourbon, one scotch, and one beer.

 

[chad hampton]

I heard that the nighttime gala featured one bourbon, one scotch, and one beer.

With the fees they’re stealing from appraisers to fund these vacations, hopefully they got at least two each out of it. Top shelf.

 

[djd09]

Well, well, well… look what we have here. While boots-on-the-ground appraisers are out here dodging low fees, wrestling with AMC red tape, and praying a 1004D doesn’t show up at 4:55 PM on a Friday, our beloved “Chief” appraisers are living it up in DuPont Circle—coffee in hand, sunshine pouring through the windows, and not a care in the valuation world. It’s the brunch club of industry insiders, featuring the Executive Director of REVAA and the Chief Appraisers from Amrock, Classless, Solidifi, and Stewart, all gathered around the table like they’re solving problems instead of creating them. Meanwhile, the actual appraisers—the ones dealing with absurd revision requests, compressed turn times, and mounting pressure from all sides—are nowhere to be found. When was the last time any of these folks sat down with a working appraiser to talk about real-world challenges? Exactly—never. But show them a photo op in DC, and they’re suddenly all available. You can bet they’re not just enjoying the coffee—they’re probably cooking up the next big “modernization” rollout that somehow benefits everyone except the people doing the actual work. I'm sure they have the appraiser's best interest on their minds. Right, DW?

Added: Like I ve always said, the gang of six.

View attachment 98436

talk about a lack of diversity....

 

[Mejappz]

talk about a lack of diversity....

One bourbon, one scotch, one beer"
Lord, I ain't seen my baby since a-nigh on a week
Gotta get drunk man, so I can't even speak
Gonna get high man, listen to me
One drink ain't enough Jack, you better make it three
Gonna get drunk, I'm gonna make it real clear
I want one bourbon, one scotch 'n' one beer
One bourbon, one scotch, one beer"