First Hybrid request.

[J Grant]

The appraiser is in complete control of their conduct and their own work; what they actually do. "The appraisal" does not include the PDR itself, which has its own individual origin. The appraiser is in no way responsible for the content or the accuracy of the info in a PDR.

How inane. The appraiser relies on the PDR, and thus the result of it becomes integrated and intertwined with the apprasial.

 

[J Grant]

yes.

If it is disclosed to the borrower that the PDR person is not an appraiser (typically ) and only took a 5- 6-hour online course?

Or is the PDR person represented as "professionally trained?"

 

[TerryRohrer]

A prospective buyer wants to see the property whenever possible. If they say they are inspecting the house for their own personal use, the buyer is not representing themselves as a professional or sending the results of their visit to a licensed professional to rely on. (typically)

I am bookmarking that gem!

 

[alebrewer]

If it is disclosed to the borrower that the PDR person is not an appraiser (typically ) and only took a 5- 6-hour online course?

Or is the PDR person represented as "professionally trained?"

You'd have to ask the GSE's about that.

 

[J Grant]

They're not a professional, and yet they're inspecting the house. Exactly what I was stating. Thank you.

It is the opposite of what you were saying. A person can throw around words like value or inspection as a layman. Their "isnpeciton" as a buyer is for their own personal use, not to substitute for an inspection by a licensed professional, or sent to a licensed professional to rely on.

 

[George Hatch]

All inspection-related requirements in any appraisal assignment are user-driven. That's your starting point. It's not a minimum standard for all appraisal practice because not all appraisal assignments include a personal inspection element.

The GSEs have one expectation for the conventional 1004s and another for the 2055s and yet another for these desktops. Instead of attributing those different criteria for those different assignments to USPAP you should probably attributing them to the GSEs.

If the GSEs can promulgate different criteria for different assignment types then that's a user issue, not a USPAP Issue. Besides that, the GSE report forms DO attribute the PDR info to their 3rd party source and reference it again in their assumptions and limitations. So no, the GSEs aren't being cheated by appraisers who are working to the specs of their assignment.

It's the appraisers who lie, cheat and steal via use of non-appraiser runners and falsely certify personal inspection in their conventional 1004 assignments who are cheating their clients and the GSEs. Those are the scumbags who are looking their peers eye-to-eye while stabbing them in the chest

 

[J Grant]

AI - I think Alsise meant the borroer is informed about a PDR coleciton for a WAIVer/ACE

Borrower Notification for Hybrid Appraisal PDC Use​

In a hybrid appraisal process, the borrower is generally not directly informed when a Property Data Collection (PDC) is performed, but the lender and appraiser are required to ensure the borrower is aware of the type of appraisal being used and the role of the PDC.

How it works

• The lender receives a hybrid appraisal eligibility message from the Desktop Underwriter (DU) or Loan Product Advisor (LPA) in the loan system. This message flags the loan as eligible for a hybrid appraisal, which requires a trained, vetted third‑party property data collector to perform an on‑site inspection before the appraiser develops the opinion of value Fannie Mae+1.
• The PDC is conducted by a third‑party collector, not the appraiser, and the data is submitted to the appraiser via Fannie Mae’s Property Data API or a similar system Fannie Mae.
• The appraiser then completes the full Uniform Residential Appraisal Report (URAR) using the PDC data, plus any additional inspection or verification they perform Fannie Mae+1.

Borrower disclosure requirements

• Under USPAP (Uniform Standards of Professional Appraisal Practice) and state lending laws, appraisal reports must disclose the scope of work and any significant appraisal assistance McKissock Learning.
• This means the hybrid appraisal report must identify that the appraiser relied on data from a third‑party PDC and explain the extent of the inspection performed.
• The lender is responsible for ensuring the borrower receives the final appraisal report, which will contain these disclosures.
• In some cases, the lender may also inform the borrower in the loan documents or during the loan process that a hybrid appraisal is being used, especially if it affects the loan terms or valuation.

Key takeaway
While the borrower is not “told” in real time when the PDC is ordered, the final appraisal report will disclose that a hybrid appraisal was used and that the appraiser relied on property data collected by a third party. The lender is responsible for delivering this report to the borrower, and in many cases, will also communicate the use of a hybrid appraisal in the loan process.

 

[J Grant]

lol, the borrower is not told upfront disclosure that a hybrid will be used.

Public trust !!

 

[djd09]

That's a valid question and topic of discussion, but it's immaterial to the issue of what is/isn't an appraisal.

at least the unethical stakeholders aren't propaganding we are racist as much

 

[George Hatch]

lol, the borrower is not told upfront disclosure that a hybrid will be used.

Public trust !!

#sowhat

That disconnect is between the lender (which is making that decision) and their borrower. As is their prerogative.