AMC purpose

[J Grant]

USPAP mandates perfection while claiming they don't expect perfection. Catch 22. By that I mean a mistake that does not impact value is excusable but a mistake that changes the value by $1 is a violation of USPAP.

Actually, the opposite is true.
UASPAP states that perfection is not possible. It expects ethics, competency, and peer practice. All of which means nothing when some RE agent expects us to look at 14 sales - I advised to look at them as a business practice to avoid allegations from the agent or party -which shows how miserable this business has become.

The problem is not USPAP. The problem on the res lending side is that there are too many headwinds against appraisers, making the field intolerable. Like many crisis points, it was a long time making, but now that it is here, the effects are cumulatively crushing.

It starts with the many layers of scrutiny-- CU from the GSE's, compliance reviews from clients, UW reviews, ROV, and third-party challenges from parties who feel entitled to waste our time and will sue if we dare push back. All for dinky fees! This kind of pressure and exposure to professional and personal harm is normally associated with higher earnings as compensation. But even direct lender fees barely compensate now, and I could not imagine taking this abuse for the low AMC fees. The due date pressure to produce a report does not allow proper time to research and verify. But skip that step and watch them come after us for it. The field is a no-win battle with GSE decisions to use waiver/value acceptance and influx non-appraisers as PDR collectors, combined with UAD 3.6 as the tipping point of a toxic spear. I honestly feel like the field has turned toxic. Does anyone else feel the same?

I originally thought I would appraise another 3 -5 years. Now I am making a six-month exit plan - if I last longer, it would scale back to part-time, since if I start turning down more assignments, it will end up this way. Every property is a problem child, regardless of price, because straightforward assignments are going to Waivers. The field should be a no-go for anyone who has enough earning years ahead of them to matter.

 

[Terrel L. Shields]

UASPAP states that perfection is not possible. It expects ethics, competency, and peer practice.

And if you miscalculate, and the value changes then your competency is in question. Period.

 

[djd09]

misleading was intentional or not...so USPAP is the minimum

 

[George Hatch]

You need to let that go. USPAP governs the conduct of the appraiser. What they actually do, not what someone else does.

If a 3rd can collector makes a mistake that mistake belongs to the can collector. Not to the appraiser unless the error is so obvious that anyone would have noticed it.