Aloft Appraiser Toolkit

[glenn walker]

they just wont waive the real risky loans...like marin city

Marin wasn't a F & loan.

 

[Charles West]

All this angst almost makes me want to get back in, be a part of the action.

 

[djd09]

Marin wasn't a F & loan.

link?

 

[George Hatch]

No one is saying hybrid or desktop appraisals can’t be done in Florida. They can, but they still have to be done in a way that complies with Florida law. That’s the part people keep skipping over in these discussions.


Florida Statute § 475.612 allows someone who isn’t a licensed appraiser to contribute work to an appraisal, but only if that work is supervised and approved by the appraiser signing the report. So if the appraiser has no idea who collected the data, didn’t train or direct them, and has no way to verify their methods or qualifications, then they really can’t claim to be in compliance, even if Fannie or Freddie says it’s acceptable for their purposes.


That’s the core issue. Just because a GSE accepts a certain product doesn’t mean it meets state law requirements for licensed professionals.


I know there are people on the forum who like to pick and choose which rules or laws they want to follow, depending on whether it fits their preferred narrative. But unless and until the Florida Real Estate Appraisal Board issues new guidance, those are the laws we’re bound by. We may not like them, but we’re still required to follow them if we want to keep our licenses.


So no, the question isn’t whether hybrids or desktops are legal in Florida. The question is, can they be completed in a manner that complies with Florida’s supervision requirements? If the answer is no, then the format isn’t the problem. It’s how the assignment is being executed.

Hey, as long as you know what to expect from your opposition then you won't be surprised when they attempt to exercise their right to argue it.

The appraiser's assignment doesn't include an inspection of any kind. The information they're pulling is from a 3rd party report which isn't part of the appraisal report. Leastwise, there's no reason for it to be part of the appraisal report. I don't recall seeing a "see inspection report in the addenda" on the form but perhaps I missed something.

 

[glenn walker]

Go team eliminate the appraiser!

I wonder if all those cushy gigs at TAF, ASB, and State appraisal bureaus would agree with your assessment. After all, we need to ramp up hybrids and PAREA grads to enhance their investment portfolios.

Yeah mostly, it's about managing the
loan portfolio whose biggest risk is interest rate changes. Not the physical asset's because, on high LTV loans there never was any real equity to begin with.

 

[glenn walker]

And if anyone believes the state boards actually enforce these laws and statutes, just take a quick look through the forum to see for yourself.

Someone better tell Rocket....lol

 

[Mejappz]

The whole appraisal regulatory structure is little more than a guise—a performative system designed to create the illusion of compliance. In reality, a handful of organizations and individuals profit immensely while the industry itself is hollowed out. Appraisers are held to impossible standards, while the entities driving policy changes face no accountability. It’s not complicated. It’s a controlled system dressed up as oversight, and the end result is devastation for working professionals.

 

[glenn walker]

Hey, as long as you know what to expect from your opposition then you won't be surprised when they attempt to exercise their right to argue it.

The appraiser's assignment doesn't include an inspection of any kind. The information they're pulling is from a 3rd party report which isn't part of the appraisal report. Leastwise, there's no reason for it to be part of the appraisal report. I don't recall seeing a "see inspection report in the addenda" on the form but perhaps I missed something.

It's Next to the Termite Report.

 

[George Hatch]

Even a title report or termite report wouldn't be considered as part of the appraiser's assignment.

There have been a couple other threads on hybrids where all the different angles have been discussed. Not counting everywhere else these themes and reasoning have been discussed. All anyone needs to do to come up to speed is to avail themselves of the resource and put the time in to review.

That being the case I assume both sides of such a lawsuit would walk into court with a full understanding of both sides of the discussion. Both sides are going to go for what they know.

 

[glenn walker]

Nobody's sueing anyone. If Florida State wants to go after their own appraisers then fine. My guess is they aren't going to be the hybrid police. The big boy's already figured out what they can and can't do in Florida.