Accurate Group's Appraiser Selection Practices Expose Troubling Industry Tactics

[Mejappz]

Move over USPAP and let Lyle take over.

 

[djd09]

Move over USPAP and let Lyle take over.

View attachment 94166

ever see radke post here...what a punk

 

[TerryRohrer]

Move over USPAP and let Lyle take over.

View attachment 94166

Is he going to define accuracy?

 

[alebrewer]

Be careful as some people on the forum could get really upset just for bringing this up.

truth can be painful...

 

[Mejappz]

Is he going to define accuracy?

Of course not, he doesn't know what he's talking about either.

 

[Mejappz]

Is he going to define accuracy?

These whitepapers are coming out fast and furious.

Thread 'Underappraisal Disparities and Time Adjustments to Comparable Sales Prices in Mortgage Appraisals'

Nov 26, 2024

I haven't read it yet (it's 47 pages), but I predicted this years ago. Cheap and fast options often come with consequences. I'll be curious to see if there's any mention of AMCs or lenders—after all, they’re responsible for ordering the appraisals.

Working Paper 24-07: Underappraisal Disparities and Time Adjustments to Comparable Sales Prices in Mortgage Appraisals | FEDERAL HOUSING FINANCE AGENCY

Author: William M. Doerner, Scott Susin

www.fhfa.gov

Mortgage appraisal accuracy became a major concern following the global financial crisis in the late 2000s. Legislative standards and industry guidance have adjusted professional practices to improve inefficiencies and inequities. Nonetheless, systematic misvaluation continues to be documented...

• Mejappz

 

[djd09]

Is he going to define accuracy?

Our commitment to accurate, objective, and unbiased appraisals​

We are firmly committed to doing everything in our power to promote racial equity in housing, including helping all homeowners receive a fair and impartial appraisal.

Jake Williamson, SVP, Single-Family Collateral Risk Management

Our commitment to accurate, objective, and unbiased appraisals | Fannie Mae

At Fannie Mae, it's our mission to facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America. Learn about the ongoing actions we are taking to reduce the risk of appraisal bias in support of that goal.

singlefamily.fanniemae.com

accurate means hit the dang number you old pale male...

 

[Bobby Bucks]

Their defense obviously will be to hang the offending appraiser out to dry and insinuate that he was just one bad actor, while it’s clear that long distance, multi-state, multi time zone desktops was a way of doing business and actually encouraged. (and quite possibly still is). Much of this was discussed in another group a few years ago, the group is/was called “I am a white trash real estate appraiser” or something similar and the posts were unceremoniously removed because those swinging a wide loop and those who approved of the practice were offended by being exposed. When sharing information on this it may be best to forget USPAP and ethics since the offenders are within the system. Some of the more humorous parts of the most famous incident when the details and pics were posted was that one of the comps was located on a street where Dennis Hopper once owned property. What I remember most was seeing the pic of the head honcho with the bad haircut. Dennis is no longer with us and had already sold the property, but the bad haircut of one of the AMC ring leaders has a Coen Brothers touch to the whole charade, Javier Bardem is a distant second place to this character in the haircut category. Emmy material at an AMC, who would have thought? Screen shots are a beautiful thing, especially for bad haircuts, double time zone desktops and slovenly appraisers.

 

[shrubberyvaluation]

Our commitment to accurate, objective, and unbiased appraisals​

We are firmly committed to doing everything in our power to promote racial equity in housing, including helping all homeowners receive a fair and impartial appraisal.

Jake Williamson, SVP, Single-Family Collateral Risk Management

Our commitment to accurate, objective, and unbiased appraisals | Fannie Mae

At Fannie Mae, it's our mission to facilitate equitable and sustainable access to homeownership and quality, affordable rental housing across America. Learn about the ongoing actions we are taking to reduce the risk of appraisal bias in support of that goal.

singlefamily.fanniemae.com

accurate means hit the dang number you old pale male...

If he is promoting racial equity its is different than impartial. Sorry but I refuse to appraise differently based on the skin color of anyone in the transaction. I appraise equally, not with equity.

 

[Surf Cat]

If he is promoting racial equity its is different than impartial. Sorry but I refuse to appraise differently based on the skin color of anyone in the transaction. I appraise equally, not with equity.

What if I identify as a number hitter?