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A VA Appraisal Report Request From An Underwriter. Thoughts?

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A Brit in California

Senior Member
Joined
May 6, 2006
Professional Status
Certified Residential Appraiser
State
California
I received an email from an underwriter and it reads:

"Please add the verbiage: I have considered all available comps…. as required for appraiser certification."

For all the years I have been completing VA appraisal reports I have included the verbiage word for word from the VA handbook:

" I have considered relevant competitive listings & contract offerings in performing this appraisal and any trend indicated by that data is supported by the listing/offering information included in this report."

Does anyone have any constructive opinions on the verbiage this SAR wants me to add to the appraisal report?

Thank you.
 

Meandering

Elite Member
Joined
Feb 26, 2006
Professional Status
Real Estate Agent or Broker
State
Pennsylvania
Opinions yes,
constructive, maybe not, other than advise the UW of the exact verbiage in the handbook, and what they suggest to use is misleading as no comparables are required for appraiser certification. Plus it's really hard to find three appraisers that look alike and live within 3 miles of each other.
 

CindyR

Senior Member
Joined
Oct 26, 2003
Professional Status
Certified Residential Appraiser
State
Arizona
I received an email from an underwriter and it reads:

"Please add the verbiage: I have considered all available comps…. as required for appraiser certification."


Thank you.

They want you to add that exact sentence with the little dots in the middle? or is their more in the middle? I'd say, as is, it doesn't even make sense. We don't consider comps to get certified. That sentence says i considered all available comps in order to get my license. I would politely ask them to show me where they found that requirement.
 

A Brit in California

Senior Member
Joined
May 6, 2006
Professional Status
Certified Residential Appraiser
State
California
They want you to add that exact sentence with the little dots in the middle? or is their more in the middle? I'd say, as is, it doesn't even make sense. We don't consider comps to get certified. That sentence says i considered all available comps in order to get my license. I would politely ask them to show me where they found that requirement.
Good question. I copy and pasted the email they sent word for word.....including the little dots. I left nothing out.
 

Don Clark

Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
I received an email from an underwriter and it reads:

"Please add the verbiage: I have considered all available comps…. as required for appraiser certification."

For all the years I have been completing VA appraisal reports I have included the verbiage word for word from the VA handbook:

" I have considered relevant competitive listings & contract offerings in performing this appraisal and any trend indicated by that data is supported by the listing/offering information included in this report."

Does anyone have any constructive opinions on the verbiage this SAR wants me to add to the appraisal report?

Thank you.

Use what the handbook says to use. No one, nooSAR or anyone else can state how many "vailale comps" there are. Your verbage and the handbook is correct.

It's your report, not theirs.
 

A Brit in California

Senior Member
Joined
May 6, 2006
Professional Status
Certified Residential Appraiser
State
California
I was just advised "It is unethical for an underwriter to request the addition of such verbiage to an appraisal report".

Unethical is a strong word. As Don Clark stated in this thread.... it is my report, not theirs. We as appraisers are directed by USPAP Guidelines. We have requirements from the VA.

The underwriter should not be telling us what wording to utilize in our appraisal reports.
 
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