Appropriate Or Inappropraite Review Question?

[Eli]

 

[Terrel L. Shields]

the fall of the sea bird???

Common Loon

 

[Michigander]

I have not read the prior comments. Denis, None of the questions that you posed are problematic to me. It seems what you are asking is to have the appraiser step back and think about what they’re doing and explain it a little better. I would hope that if I was asked questions like this on a report that I had submitted, that I would be happy to answer and might learn a little something in the process. One of my pet peeve‘s is A narrow unadjusted range followed by a wide adjusted range. In effect, The report made more sense before the adjustment process. It begs the question of competency. Sometimes we just have to step back and see the forest through the trees

 

[residentialguy]

One of my pet peeve‘s is A narrow unadjusted range followed by a wide adjusted range. In effect, The report made more sense before the adjustment process. It begs the question of competency.

Dude! I got those adjustments straight off my list!!

 

[Deleted member 130081]

I have not read the prior comments. Denis, None of the questions that you posed are problematic to me. It seems what you are asking is to have the appraiser step back and think about what they’re doing and explain it a little better. I would hope that if I was asked questions like this on a report that I had submitted, that I would be happy to answer and might learn a little something in the process. One of my pet peeve‘s is A narrow unadjusted range followed by a wide adjusted range. In effect, The report made more sense before the adjustment process. It begs the question of competency. Sometimes we just have to step back and see the forest through the trees

I like your post, but I would say the last part appears to lean towards a preconceived conclusion. If I reviewed your review, I would want to see the support for why you think the appraiser is incompetent, simply because the data no longer aligns nice and neat like everyone would prefer it to. The fact you coin the circumstance a "pet peeve" and the follow that up with "question of competency", when you are talking about something as limited and variable as the data we might employ, quite frankly scares the hell out of me. How many appraisers have you thrown under the bus over the years, simply because they didn't present an appraisal free of pet peeves? Sounds subjective to me.

To be fair, you did disclose you have not read the thread, which is really about getting pretty nit-picky with wording and how to address differences/questions in a respectful and objective way and further, not cross the line of reviewer to appraiser. I applaud Denis for giving the matter serious consideration when reviewing a peers professional work. Your post implies you employ much personal opinion and preference when reviewing the work of others. I hope that is a misunderstanding on my part and you don't actually do that.

Like you said, sometimes we have to step back and see the forest through the trees.

 

[Michigander]

I like your post, but I would say the last part appears to lean towards a preconceived conclusion. If I reviewed your review, I would want to see the support for why you think the appraiser is incompetent, simply because the data no longer aligns nice and neat like everyone would prefer it to. The fact you coin the circumstance a "pet peeve" and the follow that up with "question of competency", when you are talking about something as limited and variable as the data we might employ, quite frankly scares the hell out of me. How many appraisers have you thrown under the bus over the years, simply because they didn't present an appraisal free of pet peeves? Sounds subjective to me.

To be fair, you did disclose you have not read the thread, which is really about getting pretty nit-picky with wording and how to address differences/questions in a respectful and objective way and further, not cross the line of reviewer to appraiser. I applaud Denis for giving the matter serious consideration when reviewing a peers professional work. Your post implies you employ much personal opinion and preference when reviewing the work of others. I hope that is a misunderstanding on my part and you don't actually do that.

Like you said, sometimes we have to step back and see the forest through the trees.

Actually if you read this text https://www.appraisalinstitute.org/assets/1/29/Common_Errors_and_Issues_2_1_2018.pdf close to the last page, it is addressed as a common error. As a reviewer, I would expect to see some comments about why the range widened. It happens, but it should be explained.

BTW, this is a great text and available online with a simple search, so not proprietary.

 

[Michigander]

By the way, I think there is a misconception of what reviewers do. We do not "throw appraisers under the bus" because that is far from our job. Our job is to help our employer (if you work for someone that is) have reports meet investor/lender requirements so that they are acceptable and not subject to a repurchase demand. If there are issues that pop up related to inadequate support, then we ask (do not tell) for further explanation. It gives the appraiser the opportunity to explain things which might have been in their head, but simply didn't make it to the report. It happens to all of us. I do relocation work and there is usually a question or two. Each time I get one, I try to think of what I need to cover the next time so that I meet the needs of my clients requirements ahead of time Just a way to improve.

 

[Deleted member 130081]

By the way, I think there is a misconception of what reviewers do. We do not "throw appraisers under the bus" because that is far from our job. Our job is to help our employer (if you work for someone that is) have reports meet investor/lender requirements so that they are acceptable and not subject to a repurchase demand. If there are issues that pop up related to inadequate support, then we ask (do not tell) for further explanation. It gives the appraiser the opportunity to explain things which might have been in their head, but simply didn't make it to the report. It happens to all of us. I do relocation work and there is usually a question or two. Each time I get one, I try to think of what I need to cover the next time so that I meet the needs of my clients requirements ahead of time Just a way to improve.

I have no misconception of what reviewers do. I was in a position to order a couple field reviews every day for a very long time. The army of co-workers around me ordered just as many. We compared notes on the quality of field reviews we were getting. Talking about thousands of reports here. Based on that data, I would conclude many, more than half, of reviewers throw appraisers under the bus as a matter of due course, and without market support either. What data is your opinion of reviewers based on?

 

[Michigander]

I have no misconception of what reviewers do. I was in a position to order a couple field reviews every day for a very long time. The army of co-workers around me ordered just as many. We compared notes on the quality of field reviews we were getting. Talking about thousands of reports here. Based on that data, I would conclude many, more than half, of reviewers throw appraisers under the bus as a matter of due course, and without market support either. What data is your opinion of reviewers based on?

I am a reviewer for a mortgage lender. Prior to that I was in the field and did reviews as well as my own appraisal work, prior to that a reviewer for a mortgage lender, and prior to that, an appraiser in the field. I still do relocation work to keep in touch with the market. Many years experience as a reviewer (over 8 with lenders) and many years as field appraiser (29 and counting).

Sometimes appraisers find themselves under the wheels of the bus, but I doubt a reviewer threw them there. It is likely they jumped in front of an oncoming one.

 

[residentialguy]

Based on that data, I would conclude many, more than half, of reviewers throw appraisers under the bus as a matter of due course, and without market support either.

I agree that happens. Stupid is as stupid does, and that would be the stupidest thing a reviewer could do. That would mark the beginning of him/her personally getting to know the State Board and the end of his career in the appraisal profession. I've slammed bad appraisals as a reviewer, but I made sure that I was completely spot on with solid market support, and leaving no stone unturned...because I know they'll come after me as I came after the appraiser that gave me a bogus review.