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1004P, Hybrids, Use of various lender-made Forms & Going Forward: Appraiser Liability

George Hatch

Elite Member
Gold Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
California
If the AMCs are found to be acting like the MBs then the same thing is going to happen to them. That kind of misconduct will literally put them out of business.

But it won't stop the lenders from looking for ways to get appraisals faster and cheaper.
 

ramrcdk

Thread Starter
Senior Member
Joined
Jan 15, 2008
Professional Status
Certified Residential Appraiser
State
North Carolina
Chad Quote: Why would an AMC comply with a request? Because that's what their client wanted.

I see that alot in a "correction" where the AMC really has NO idea what it is the Lender ask for. Most often something "uneducated" & "incorrect".
 
Last edited:

George Hatch

Elite Member
Gold Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
California
I just had an inspection yesterday where what I found was very different than what the borrower was telling the lender.

Occupational hazard.
 

EddieB

Senior Member
Joined
Feb 17, 2005
Professional Status
Certified Residential Appraiser
State
North Carolina
Concerning the thread title: Appraiser Liability with the hybrids
I have posted this article by Peter Christensen before, my apologies if it's been posted in this thread. Peter is spot on and I look forward to his follow-up articles
 

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