Cont. Ed. is a Joke

[Fernando]

This isn't intended to be as snarky as it is going to sound, but what is the fundamental intent/purpose of these reviews? To limit buyback requests or some other administrative-type function? To be clear, I am all for holding all appraisers accountable for everything they are supposed to do from both regulatory and sound appraisal practice standpoints. But I would have thought a major consideration would have been whether or not values were credible, which I believe requires an appraiser in the subject market with access to the data any appraiser practicing in that market must have. Clearly, I don't understand the purpose for most reviews as I seldom have clients asking for such and willing to pay a reasonable fee.

Reviewers help me point out things I missed with Fannie Mae.
With all those updates, hard to keep up.

 

[Vermonter]

This isn't intended to be as snarky as it is going to sound, but what is the fundamental intent/purpose of these reviews?

My first job in the field (mid 90s before even trainee) was as an online "red-flagger" for a company that worked for a bunch of local banks. Just checked for red flags from a list they provided before escalating to actual review.

Sounds like something similar only further up the chain with an appraisal license?

 

[J Grant]

The wife is a master's prepared nurse. She's "astounded" at the amount of continuing education appraisers receive in comparison to nurses..... whom stick people with needles, administer medication and perform life-saving techniques to keep people alive.

I attended a class in CPR for my own interest and was surprised to find myself one of the few civilians there - the class was made up of mainly nurses or other health care providers, who explained it was a requirement to take it every X years.

I was paired off with a very experienced head nurse, which was good since othewise my dummy patient would have died lol-

 

[BRCJR]

I attended a class in CPR for my own interest and was surprised to find myself one of the few civilians there - the class was made up of mainly nurses or other health care providers, who explained it was a requirement to take it every X years.

I was paired off with a very experienced head nurse, which was good since othewise my dummy patient would have died lol-

It is required to take the class every 2 years to keep the CPR certification.

 

[Surf Cat]

I was paired off with a very experienced head nurse, which was good since othewise my dummy patient would have died lol-

 

[OSU Beavers]

Speaking of CE, does anyone have a decent discount code for McKissock?

 

[Non Sequitur]

It's all about $$$, that's the only reason we have a mandatory bias class now. They used politics as an excuse.

 

[TerryRohrer]

My first job in the field (mid 90s before even trainee) was as an online "red-flagger" for a company that worked for a bunch of local banks. Just checked for red flags from a list they provided before escalating to actual review.

Sounds like something similar only further up the chain with an appraisal license?

When I was starting out in the early 90s, the first few FHA assignments I did were field inspected by an FHA employee and then the reports and what they saw were discussed. If it were not for taxpayers backing almost 100% of mortgages now, those efforts and "red-flagging" would likely be resumed, with consequences for appraisers who never get it right.

I am working on one now that is going into foreclosure (owner croaked). It sold 3 years ago, backed by an FHA loan. About 2 minutes after receiving the assignment, I was looking at the aerial photo and it looked like the improvements were pushing the boundaries of the site. I measured and found the improvements were about 5 feet wider than the site, so when I inspected, I made sure to measure that cross-section and concluded something like 2.5 feet was encroaching either on the neighbor or into the right of way. The site was flat as a board, there was no drainage on any side, the crawlspace was damp, and appeared to be crumbling in some of the older additions that had no foundation other than a layer of rock at grade, even with a 5 foot crawlspace. You could see most of the additions because the roof lines reflected each, and when I looked in the attic, the rafters between sections appeared to have been carved by chainsaw. Homemade "trusses" had tiny patches of half or 3/8" plywood at each joint. In the one small area of decent basement space, there was a section without a wall, and a pair of extension cords were plugged into a standard, two plug outlet and ran up between walls between to sections to somewhere. And then some. Even in their sleep, mediocre appraisers should have concluded this property did not meet MPRs.

I recall bidding on this one about three times, and bidding on a review a couple of times. They couldn't afford it.

 

[Bobby Bucks]

Speaking of CE, does anyone have a decent discount code for McKissock?

You can usually find a recent discount for them in a facebook group, it's about the only thing facebook is good for. I can't recommend a particular one, I've been banned in 2 of them.

 

[J Grant]

so funny!