Brad Pack. check this out

[timd354]

I'm in the same boat now....did an FHA appraisal 2 months ago and it was done "subject to repairs" due to cracked and peeling paint in multiple areas,,,pics and explanations of all areas were included in the report..Never was called back for a compliance inspection or paid for the report.

I then saw on the MLS that the property closed with FHA financing. I called & emailed the LO and his company many, many times for payment and explanation with no response. I then called HUD and gave them the case number that the LO gave me and HUD said it was assigned to another appraiser and HUD had that report which had an effective date that was 8 days after my effective date...I then went by the property and nothing was repaired...So I went into the Mortgage office to speak to the office manager about getting paid and also why the number was reassigned...He then proceeded to tell me he had to get another appraisal because mine was "subject to repairs" and he felt that being FHA lowered their standards that I was being to harsh on peeling paint,, when I mentioned thats not really how its suppose to work he then said, "well you were not on the investers approved list anyway".......I called HUD and they said to file a complaint with a copy of my appraisal with photos and they will go after the Mortgage company...HUD did not seem to agree with keep getting appraisals until they found one flexable enough to make the deal go thru. (THANKS AGAIN SKIPPY!!)

I agree with Steve H, the reports should be sent directly to HUD. Might take awhile but how else can you stop the REASSIGNMENTS with such ease.

I now will make sure that I get the FHA assignment sheet with my name and case number assigned but I still can't see how that will help if they can just reassign all day long until they get the one that works for them.

Has anyone else ever filed a complaint and heard what the outcome from HUD was? I'm not expecting much , just curious...

File complaints with the FHA, the applicable regulator for the bank, and call the compliance department for the bank and go up the ladder with them until someone fills out an SAR (A suspicious activity report) which is required to filed with the appropriate regulator (whether it is the OTS or whoever) when fraudulent activity is reported/suspected. Also contact the local FBI field office. Do whatever you can do to burn these *ssholes.

 

[Mountain Man]

M Leg,

I had no idea that they could change the appraiser that easily. So even though this is a good idea about following the rule, apparently it wont stop the crooked lender.

Yeap, no doubt. I've got many more moons to go before retirement, and I'm not about to toss almost 20 years of successful biz out the window because some crook wants a $$ before giving me the case number. It used to be that you couldn't even inspect the property without a case number... and the lenders had no way around that rule!

 

[Tim Hicks (Texas)]

It happens far more often than anyone realizes. RE agents don't help because they will tell the LO they should have used their appraiser to begin with. Then your appraisal disappears and their appraiser gets the assignment and a new client. Ain't appraising great? This is why I despise mortgage broker work.

 

[RSW]

It happens far more often than anyone realizes. RE agents don't help because they will tell the LO they should have used their appraiser to begin with. Then your appraisal disappears and their appraiser gets the assignment and a new client. Ain't appraising great? This is why I despise mortgage broker work.

That's why I got away from MB work more than 5 years ago.

 

[Lee Lansford]

That's why I got away from MB work more than 5 years ago.

Good decision.

It has probably been 10 years--or more--since I made the decision not to seek-out MBs for appraisal assignments. I have one MB with whom I continue to accept some assignments. If MBs were to be my only source of business, I suspect that I would find something else to do with my time.

 

[CANative]

Here's another one that started today!

http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=232216

 

[TITAN1]

I wish it were so. I have found that a mortgage broker can EASILY get the case number reassigned to another appraiser, AFTER the original appraisal has been submitted to the mortgage broker (but not sent in to FHA). If the original appraisal doesn't satisfy their needs, they can have the appraiser reassigned for ANY reason they want to make up (sick, busy, moved, dead, etc.). I know because it has happened to me.

I just submitted a complaint to FHA and MFWL for one that had all the usual suspects; the "case # switching, appraiser reassigning" mortgage broker, the "let's fool 'em and increase the listing price to hide the $12,000 in concessions" real estate agent, and of course, the "lovable but incompetent" second appraiser that hit the number as instructed. And it was an INDYMAC deal...

The only way to end this BS (IMHO) is for FHA appraisals to be sent DIRECTLY to FHA when completed, much like the VA eAppraisal system.

"so if the lender gets an appraisal they don't want, they just toss it into the thrash and reassign the case number to their favorite skippy....they just have to say that the orginal appraiser did not complete the appraisal because he was out of town or turned down the assignment or another of an infinite number of legitimate excuses as to why the first appraiser did not do the assignment."

I have actually had a processor fax. me a copy of an FHA order off FHA's website with another appraiser assigned to the order. I called the processor and told her it was assigned to someone else and was told they decided to not use his appraisal and wanted me to reapraise the property!!!! Last time I ever heard from them.

 

[Lloyd Bonafide]

The only way to end this BS (IMHO) is for FHA appraisals to be sent DIRECTLY to FHA when completed, much like the VA eAppraisal system.

In the mid to late 1990's, we had to mail a copy of each FHA appraisal we did to the local FHA office. I'm not sure when or why that was changed.

 

[Mike Boyd]

It was during a time period when cutting costs was more important than honesty. AND.....look at what that mentality has caused. Time to go back to greater FHA scruitiny of appraisal reports and lender proceedures.