AMC Appraisers--seriously?

[Mike Kennedy]

I like the comment, sometimes you have to talk to these idiots at the banks, mortgage brokers, etc like this.

I just sent in a report this morning and get a stip back from LandAm asking me to verify that there is indeed a pool/spa as they couldn't see the pool/spa from the aerial plat map I provided in the report. So now I have to make comments about every little friggin thing that differs or isn't shown from 4,000ft above from the aerial plat map and what I write in the report? These people get more pathetic everyday.

:icon_idea: the photo of the pool/spa fell out of the report inadvertently? Did the client receive the entire report? Did the stipper actually look at the photo addenda as well as the plat map? Was the report sent via an electronic "portal"?

 

[Kevin Mc]

Question everything unless the source has been deemed credible. Even then, a little skepticism is a good thing.

I'm just sayin'...

:icon_mrgreen:...given the attitudes of most of the regulars on this forum I don't think there is any shortage of skepticism but thanks for the advice.

 

[Kevin Mc]

I like the comment, sometimes you have to talk to these idiots at the banks, mortgage brokers, etc like this.

I just sent in a report this morning and get a stip back from LandAm asking me to verify that there is indeed a pool/spa as they couldn't see the pool/spa from the aerial plat map I provided in the report.

Given the recent review job posting for LandAm where requirements included a GED and a pulse this shouldn't come as a shock to you Vegan.

 

[Vegan702]

:icon_idea: the photo of the pool/spa fell out of the report inadvertently? Did the client receive the entire report? Did the stipper actually look at the photo addenda as well as the plat map? Was the report sent via an electronic "portal"?

It was an exterior appraisal, so there were no photos of the pool/spa. But if they are going to start making you put some sort of verification of a specific amenity into the report for the subject property, what's to stop them from doing the same with comps? I wasn't asked to provide documentation for the comps pool/spas, so why the subject? The best part is, if I instead used the basic plat maps available to me without any aerial photography involved and just a a basic outline of the site then the question wouldn't have been asked. I use the more in depth one to give a better picture of the location of the subject and site, but I think I will go back to the basic one to avoid stupid **** like this.

 

[Mike Kennedy]

It was an exterior appraisal, ........ahh.

Serious "stip" reply:

Dear Client, kindly send an order for a 1004_05 and I'll be glad to take photos of amenities which are NOT visible from the Road. Thank you.

Delirious "stip" reply:
Exterior appraisal :

Dear Client - yes the subject is improved with what appears to be a single family residential dwelling. Please don't ask anything else about the property because I can only guess as my xray glasses inadvertently got crushed at the dry cleaners in my suit. See Exterior front view photo attached, there's really no way to determine if the pool actually exists unless I take my shoes off and dip my feet in it. Have a nice day.

(yeah I know - shoot me now - I couldn't resist - it's Friday.)

 

[TJSum]

In response to this Mike, I use 6 lenders and guess how they all require me to order the appraisal? Thru a AMC. I suppose the bank lender should use a AMC that hires competent appraisers. (Do you know of any??) But no good appraisers here want to work for any AMC because they are not paid enough. SOOOO, we end up with crappy appraisers who will work for less. NOT because of value like most everyone assumes. Silly me, but when the picture of the subject home isn't actually the subject home but their neighbor's house and they went outside normal FNMA guidelines for comps but didn't explain why and there are numerous typos in the report (and this is all one appraisal) you would call it a incompetent appraisal report as well. @@@ And no, I didn't blame the bank for the competecy of the report. I blame the AMC for allowing such awful work.

I am amazed that this Underwriter is under attack. The way I read it, the appraiser didn't use the best comps, and knew it, so he was trying to cover his hindquarters with the fruit salad comment.

Everything in this post is confirming what the forum has been warning about for years regarding AMCs. Why do appraisers treat everyone and everything like the enemy, and then wonder why we are always left out in the cold with no political say in the process? We have all the outsiders finally agreeing with us about AMCs, and instead of joining forces to eliminate them, we throw them under the bus to defend the AMCs.

I don't get it.

All agents are crooks, all lenders are crooks, all brokers are crooks, all underwriters are stupid and/or in on the fix, most appraisers are incompentent and/or crooks except for the chosen few of the forum. No wonder we have the politcal power we do and the state of our profession is in what it is. The way any non-appraiser is treated when they dare post on the forum can be down right embarassing at times, and this is one of them. It sure would be interesting to hear more from underwriters, loan officers, agents, to get perspective from all sides and to maybe educate them better of the process, but we chase them all away.

 

[Ken B]

The OP is not an UWer, she is a MB*. One needs to read between the lines.



*Not that there is anything wrong with that.

 

[TJSum]

The OP is not an UWer, she is a MB*. One needs to read between the lines.



*Not that there is anything wrong with that.

I thought the UW stood for underwriter, but the point still stands, not everyone in the world is a crook (except for the forum chosen few) ...

Using the wrong subject photo, more than once, how do you defend that?

 

[Ken B]

If true, it would obviously be indefensible.

 

[ATR Appraisals]

Food for thought

I must say reading these posts have been entertaining. In my view with the information given both sides of the discussion are making hypothetical assumptions. Without knowing more about the subject and its comps. We do not know if he is a hack or not. At very least to use that verbiage in a legal document is unprofessional and gives all of us appraisers a bad name. Furthermore there is a thing called spell check which would eliminate many mistakes. Most of us "professional appraisers" use this feature. Makes me wonder.