- Oct 23, 2003
- Professional Status
- Certified Residential Appraiser
Worth a read in my opinion. Well thought-out response on the possibility of using non-appraiser 3rd parties in the field.
Lender overreach trying to turn us into engineers is an entirely different story. Do you really think they are going to TRAIN someone to inspect. They are going to find a real estate salesperson that is not making money selling, to inspect for $25 a pop.
Think about this. AI could say if you are an AI member, you won’t be using some unregulated party that don’t answer to anybody. Other organizations could too. Think about it.
Those who would argue that an appraiser inspection is superior would have a stronger case if the criteria for obtaining appraiser credentials contained any actual training on inspectingAppraisers have always pushed back against any effort to hold them responsible for the site/subject inspection. The screaming and hollering every time FHA asks for something, whether it’s operating appliances, a head and shoulders view of attic space, and let’s not get started on the whole defective paint issue has been heard loud and clear; The hooting and hollering and the pages of boilerplate in the typical 1004 discliaming any responsibility for the inspection has finally come home to rooste.
So here we are, the inspection part of the process is going away. I’m sorry, but the argument that appraisers can’t rely on third party inspections, especially when appraisers refuse to take responsibility for their own inspections, would be laughable if it weren’t so sad. Good luck with trying to convince the users of our services (on the residential mortgage side) that a trained third party inspector isn’t more reliable than an appraiser who pushes back when asked to take a photo of water heater straps.