Across The Board Time Adjustments?

[residentialguy]

They could have done it from the start. They could have also done it when they create the UAD. Too many excuses. Seems to me like they want to create a fall guy to cover their own greedy wrong doings, ie. 96-100% loans, no docs, etc.

 

[Eli]

I think the mistake that appraiser made is easy to make, especially in a recovering market.

Statistically it looks like most of my markets are increasing by like 15-20%, however if I do apples to apples first and last period , maybe I get 1-3%.

I don't like the MC form ...it's almost worthless.

But don't speculate. I am not saying you are wrong. Remember I gave you the benefit of the doubt. Don't blame it on the form either.

Your best option is to follow through and follow USPAP and provide a review with your opinion of value. I know it is like doing two appraisals but that is your best track. I originally thought you were like a staff reviewer before the appraisal was submitted. But you are doing a standard 3 review is what I gather now.

 

[DARREN GODFREY]

It shows the lender what's happening to similar properties in the subject's neighborhood. Wouldn't you want to know if the subject's similar housing is not selling well. It also supports your SCA. When you have to go out of the neighborhood, the MC supports you doing that by showing that there aren't many comparables to choose from. It also shows when an appraiser is trying to bump value by going out of the neighborhood, when there are plenty to choose from within the neighborhood.

It just questions the honesty of the appraiser really, it's really a redundancy . We did fine with out them ...but the problem was lender pressure back then too. At the same point anyone could fudge numbers it they wanted too even with that form.

 

[DARREN GODFREY]

It shows the lender what's happening to similar properties in the subject's neighborhood. Wouldn't you want to know if the subject's similar housing is not selling well. It also supports your SCA. When you have to go out of the neighborhood, the MC supports you doing that by showing that there aren't many comparables to choose from. It also shows when an appraiser is trying to bump value by going out of the neighborhood, when there are plenty to choose from within the neighborhood.

It just questions the honesty of the appraiser really, it's really a redundancy . We did fine with out them ...but the problem was lender pressure back then too. At the same point anyone could fudge numbers it they wanted too even with that form.

They could have done it from the start. They could have also done it when they create the UAD. Too many excuses. Seems to me like they want to create a fall guy to cover their own greedy wrong doings, ie. 96-100% loans, no docs, etc.

Absolutely it was ridiculous the were the ones black listing appraisers that tried to perform their jobs, and now some of US have to be finger printed. Flat out stupid!

 

[DARREN GODFREY]

It's not the form that is the problem, although the form could be improved. Improvement costs money on forms and appraisals.

I don't buy that due to them changing so many forms already. Anyways we stuck with it it seems.