Hybrid Appraisals

[Surf Cat]

I can send 20 runners out all over the state and sign off on 40 reports a day.

You can contact Walker and he'll give you tips on how to trade stocks at the same time....

 

[glenn walker]

You can contact Walker and he'll give you tips on how to trade stocks at the same time....

Actually been trading since my early twenties but wasn't very good and made money in Real Estate Investments much by luck and inflation not skill. It was the Young Crypto Dude who got us into Nvda because I didn't understand how AI would be the big thing and we didn't have the Balz to get into Bit Coin and my Evil Sister would have claimed I had used Trust Money in risky fake assets. I used that money not my own because if that ship sinks she's going down with me. All for one and one for all. She's the twin to Hillary Clinton Evil and the same age and a woke hole.

 

[George Hatch]

There was never a time when I could send out a random person to go do the field appraisal work. They had to have a trainee license at the very least.

The term data collection didn’t even exist until the breakfast club got together and decided it was a way to keep more money in their pockets.

Words have meanings and you're using them poorly.

The appraiser in a hybrid didn't send anyone out to the property and would usually have no reason to even speak with whomever went out to the property. The appraiser's assignment is for a desktop SOW.

 

[Joe Flacco]

Actually been trading since my early twenties but wasn't very good and made money in Real Estate Investments much by luck and inflation not skill. It was the Young Crypto Dude who got us into Nvda because I didn't understand how AI would be the big thing and we didn't have the Balz to get into Bit Coin and my Evil Sister would have claimed I had used Trust Money in risky fake assets. I used that money not my own because if that ship sinks she's going down with me. All for one and one for all. She's the twin to Hillary Clinton Evil and the same age and a woke hole.

You have done none of these things. Just stop it. Fake as ****.

 

[Joe Flacco]

I want to do hybrids and desktops but then I will be homeless.

 

[glenn walker]

You have done none of these things. Just stop it. Fake as ****.

Actually Joe you helped us make more money because during the tarrifs panic Nvda had crashed down to the $100 range and you were negative on it. Since our cost basis is so low we purchased another 1,000 shares interday between $103 and $105. That is now today a few months later at $180-$183. Do the math and go back to what Nvda was selling for 3 years ago. Then we got the 10 for 1 Stick split last year. Joey I follow your investment advice and your charts and thank you we found just do the opposite to make money. Your probably just as bad in real estate and purchased your first home right at the top of the market.

 

[Joe Flacco]

Actually Joe you helped us make more money because during the tarrifs panic Nvda had crashed down to the $100 range and you were negative on it. Since our cost basis is so low we purchased another 1,000 shares interday between $103 and $105. That is now today a few months later at $180-$183. Do the math and go back to what Nvda was selling for 3 years ago. Then we got the 10 for 1 Stick split last year. Joey I follow your investment advice and your charts and thank you we found just do the opposite to make money. Your probably just as bad in real estate and purchased your first home right at the top of the market.

No you did not. You do none of these things. You are 100% Fake.

 

[RCA]

Words have meanings and you're using them poorly.

The appraiser in a hybrid didn't send anyone out to the property and would usually have no reason to even speak with whomever went out to the property. The appraiser's assignment is for a desktop SOW.

That's a reckless statement on your part:

Per Grok:
"The accuracy of home inspections for hybrid appraisals depends on several factors, including the qualifications of the third-party inspector, the quality of data collected, and the appraiser’s ability to verify and analyze the provided information. Hybrid appraisals, which involve a third party (such as a home inspector, real estate agent, or appraisal trainee) conducting the on-site inspection instead of the licensed appraiser, aim to streamline the valuation process by combining fieldwork with remote analysis. However, their accuracy has been a subject of debate within the real estate industry. Below, I provide a thorough examination of the factors influencing accuracy, drawing on available insights and critically assessing the process.

Factors Influencing Accuracy of Home Inspections for Hybrid Appraisals​

1. Qualifications and Training of the Inspector:
   • Impact on Accuracy: The accuracy of a hybrid appraisal heavily relies on the competence of the third-party inspector collecting data, such as measurements, photographs, and notes on the property’s condition. Licensed home inspectors or appraisal trainees with formal training (e.g., 90 hours of education and three months of apprentice experience in some states like Texas) may provide more reliable data compared to less-regulated individuals, such as real estate agents or unlicensed data collectors.
   • Concerns: Critics, such as certified appraiser Pia Loeper, argue that third-party inspectors may lack the expertise to identify nuanced property characteristics that impact value, potentially leading to incomplete or inaccurate data. For example, an inspector might miss functional obsolescence or subtle structural issues that a trained appraiser would notice.
   • Mitigation: Some propose that using appraisal trainees, who have specific education and licensing requirements, could improve accuracy compared to other third-party collectors. However, lender restrictions sometimes limit trainee involvement, which can undermine this potential benefit.
2. Quality and Completeness of Data:
   • Impact on Accuracy: The data collected during the inspection—such as square footage, room counts, condition assessments, and photographs—must be comprehensive and precise. Technologies like digital floor plan apps or drones can enhance accuracy by providing precise measurements and detailed visuals (e.g., 3D imaging for exterior dimensions).
   • Concerns: Inconsistent data quality is a significant issue. For instance, if an inspector provides incomplete photos or fails to note critical defects (e.g., roof damage or outdated systems), the appraiser’s valuation may be skewed. Additionally, appraisers often do not know the identity or credentials of the data collector, making it difficult to assess the reliability of the information.
   • Mitigation: Platforms like Truepic Vision use AI image analysis and fraud detection to ensure data authenticity, which can improve the quality of information provided to appraisers. Clear guidelines and standardized forms (e.g., Freddie Mac’s Form 70H or Fannie Mae’s Form 1004) also help ensure that critical data points, such as roof condition or structural issues, are reported.
3. Appraiser’s Verification Process:
   • Impact on Accuracy: The appraiser’s role in a hybrid appraisal is to analyze the inspector’s data alongside market data, comparable sales, and public records (e.g., MLS listings, tax records). Verifying third-party data against reliable sources is critical to ensuring accuracy. For example, appraisers are advised to cross-check inspector-provided measurements with MLS data or aerial imagery.
   • Concerns: If the appraiser relies on unverified or erroneous data without sufficient cross-checking, the valuation may be inaccurate. USPAP (Uniform Standards of Professional Appraisal Practice) requires appraisers to ensure credible results, which may necessitate rejecting assignments if third-party data is deemed unreliable.
   • Mitigation: Appraisers can include disclaimers in their reports stating that they are not responsible for errors in third-party data and must disclose the extent of verification performed. This practice, along with using multiple data sources, helps mitigate risks.
4. Property Complexity and Market Conditions:
   • Impact on Accuracy: Hybrid appraisals are generally more accurate for standard properties, such as suburban tract homes, where comparable sales data is abundant and property features are straightforward. Complex or rural properties, which may have unique characteristics or fewer comparables, are less suited to hybrid appraisals due to the increased risk of oversight by non-appraiser inspectors.
   • Concerns: Inaccurate assessments of unique features (e.g., custom upgrades or site-specific issues) can lead to valuation errors. For instance, a third-party inspector might not recognize the value impact of a high-end renovation or environmental factors like flood risk.
   • Mitigation: Appraisers must assess whether the scope of work for a hybrid appraisal is sufficient for the property type. If not, they should request a broader scope or withdraw from the assignment to ensure credible results.
5. Potential for Bias and Fraud:
   • Impact on Accuracy: Hybrid appraisals aim to reduce bias by separating the appraiser from direct homeowner interaction, potentially minimizing allegations of discrimination based on race, gender, or other factors. However, the use of third-party inspectors introduces new risks, such as conflicts of interest if the inspector is a real estate agent with a stake in the transaction.
   • Concerns: There have been reports of data collectors exploiting access to homes or providing biased data to influence valuations, which can undermine accuracy and public trust. The National Association of Realtors® emphasizes the need for unbiased, well-trained data collectors to maintain appraisal integrity.
   • Mitigation: Policies requiring transparency about the appraisal process and the use of vetted, independent inspectors can reduce these risks. Technologies like Truepic Vision’s fraud detection also help ensure data integrity.

Industry Perspectives on Accuracy​

• Proponents’ View: Supporters argue that hybrid appraisals can be as accurate as traditional appraisals when executed properly, particularly with advanced technology and trained inspectors. The use of digital tools and standardized data collection processes can enhance precision, and the approach is particularly effective for low-risk scenarios like refinances or Home Equity Lines of Credit (HELOCs).
• Critics’ View: Detractors, including some appraisers, argue that hybrid appraisals sacrifice accuracy for speed and cost savings. They contend that only a licensed appraiser with direct property knowledge can fully assess value-affecting factors. The reliance on third-party data is seen as a potential weak link, especially if the inspector lacks appraisal expertise.
• Empirical Evidence: There is limited large-scale data comparing the accuracy of hybrid appraisals to traditional appraisals. However, the growing acceptance by Fannie Mae (since 2018) and Freddie Mac (since 2022) suggests confidence in their reliability for certain transactions, such as refinances with low loan-to-value ratios.

Recommendations for Ensuring Accuracy​

To maximize the accuracy of home inspections for hybrid appraisals:

• Use Qualified Inspectors: Lenders and appraisal management companies should prioritize licensed home inspectors or appraisal trainees with verified training and liability coverage.
• Leverage Technology: Employ tools like AI image analysis, drones, or floor plan apps to ensure precise and comprehensive data collection.
• Verify Data: Appraisers should cross-check third-party data with reliable sources (e.g., MLS, public records) and disclose verification methods in their reports.
• Limit Scope to Suitable Properties: Hybrid appraisals should be used for straightforward properties where third-party data is sufficient for credible valuations.
• Transparent Disclosures: Include clear disclaimers in appraisal reports to clarify that the appraiser is not responsible for third-party data errors and that the inspection is not equivalent to a home inspection.

Conclusion​

The accuracy of home inspections for hybrid appraisals varies based on the inspector’s qualifications, the quality of data collected, and the appraiser’s diligence in verifying information. While hybrid appraisals can achieve high accuracy with proper execution—particularly for standard properties in stable markets—concerns about inconsistent data quality and the lack of appraiser expertise in the inspection process remain valid. By using trained inspectors, advanced technology, and robust verification processes, the real estate industry can mitigate risks and improve the reliability of hybrid appraisals. However, for complex or high-risk properties, traditional appraisals with on-site appraiser inspections may still be the more accurate option."

 

[glenn walker]

No you did not. You do none of these things. You are 100% Fake.

You would be wealthy if you had bought Bit Coin or Nvidia 3 years ago but your out buying a house at the top of the market and while claiming to know real estate. How a young guys missed the biggest opportunity in a lifetime is kinda sad.

 

[djd09]

Anyone connecting the SOWR to reporting options is indeed making a mistake. The SOWR only addresses development; it has nothing to do with the reporting options.
A separate SCOPE OF REPORTING RULE was drafted and considered, but never adopted.

there are definitely reporting requirements for ansi...don't drink the kool aid