ANSI &....

[djd09]

in one hand fannie has Q&A, and in the other no control...gaslighting

 

[Sadie]

source?

The FNMA's guidance for ANSI. Read the guidance. Refers to determining GLA. Below grade area is not GLA.

 

[Fernando]

Excellent way to force those clawbacks from banks when a property goes into foreclosure.

More ammunition for banks to go after appraisers if something goes wrong. Another thing we have to worry about from lenders.
ANSI/Fannie put restraints on appraisers in how they saw fit to measure and use data in conveying an understandable report to all readers (public doesn't understand ANSI). Another thing we have to worry about from homeowners.

 

[Fernando]

in one hand fannie has Q&A, and in the other no control...gaslighting

These Q&A meant the concept was not clear to begin with. USPAP has something like that and I never understood why except to pad the pages to justify the high cost to buy.

 

[CGinMN]

It isn’t that ANSI is poorly written per se. It is ANSIs adoption by an industry that has historically used different terminology, local tradition, and contributory value to determine what constitutes finished area. Fannie Mae needed to put out a Q&A because it’s like hearding cats trying to get 40,000 independent appraisers to agree and what a text means. And even when they did put out a Q&A, we have appraisers who still don’t agree on what the Q&A says, such as whether desktop appraisals must be measured to ANSI (they don’t, Fannie is explicit).

 

[Fernando]

It isn’t ANSI poorly written per se. It is ANSIs adoption by an industry that has historically used different terminology, local tradition, and contributory value to determine what continues finished area. Fannie Mae needed to put out a Q&A because it’s like hearding cats trying to get 40,000 independent appraisers to agree and what a text means. And even when they did put out a Q&A, we have appraisers who still don’t agree on what the Q&A says, such as whether desktop appraisals must be measured to ANSI (they don’t, Fannie is explicit).

That's my point. We have one set of criteria for full and another for desktop appraisals. It's good enough for desktop but not good enough for full. It get confusing and as more appraisers get older, it doesn't make sense.

 

[CGinMN]

Pretty basic. We don’t inspect or measure for a desktop so how could they require ANSI?

 

[Fernando]

Pretty basic. We don’t inspect or measure for a desktop so how could they require ANSI?

Desktop relies on public information. Appraisers measurement can be closer to public information than ANSI. Let appraisers deal with the measurements in their locale.
It doesn't make sense in having two different standards where one says no need for ANSI and other requires it.

 

[Dublin ohio]

Appraisers measurement can be closer to public information than ANSI

Another statement that makes absolutely no sense.

 

[Fernando]

Another statement that makes absolutely no sense.

Prior to ANSI, my gross area measurements were amazingly closer to public records. ANSI wasn't meant to be measured for Appraisers.