Crappy Hybrid Inspection

[chad hampton]

the appraisal inspection isn’t a 3rd party data source. I think that’s where you are confused.

I guess you would be in favor of a 3rd party filling out most of the 1004 and you just add your signature? Where do you draw the line at what the job of the appraiser is and what part of the job is something anyone off the street can do?

Or is it just adding our signature?

 

[George Hatch]

Analyses, opinions and conclusions. That's what we get trained on and what we get tested on.

When you're performing a desktop, at what point are the analyses opinions and conclusions occurring? When the property was inspected or when you develop your opinions at your desk? Even if someone else WAS developing analyses opinions and conclusions in their work, those don't become part of your analyses opinions and conclusions until you review that information and form that opinion that "yes, this is what I think".

I don't think you were around when we went through all this with Tom Inserra and the ZAIO wars. But a lot of that dispute centered around the question of "when was that opinion formed and who formed it?" Same when you review somone else's work and are answering the question "do you agree?" The original appraiser developed and expressed their opinion but it doesn't become the reviewer's opinion unless/until the reviewer forms that opinion that they agree or disagree.

Professional appraisal practice does not begin and end with the conventional 1004. Fannie/Freddie aren't even appraisal entities; they're users just like any other user type except for their size and scope of operations. ANY user can give instructions to appraisers as to what they will/won't accept in addition to the hardwired minimums, but those instructions don't amount to a hardwired minimum applicable to all appraisal practice and across all property types. All those extras amount to are additional internal policies. Which extras , BTW, they are free to add, delete or modify whenever they want.

Fannie/Freddie are not prohibited from using desktop appraisal SOW. They've already been doing that for some time.

 

[George Hatch]

And BTW, what makes an inspection report any different than any other data source? As far as the inspection itself, what are you doing if not researching and collecting information for use in your analysis?

C'mon. Use your words and see if you can address the substance of the question instead of just smearing me as an individual for asking that question.

 

[chad hampton]

Most of the appraisal inspection is forming opinions. It’s not data collection.

 

[George Hatch]

Not really. The entire front page of the URAR is problem identification. The valuation part doesn't start until pg 2.

How about this: appraiser is handed a technical inspection by a licensed building inspector, that report going into far more detail and specifics than most appraisers are capable of. Do you still want to say that individual is engaged in appraisal practice and should be licensed as an appraiser before the info can be used in an appraisal?

How about the broker who wrote the MLS listing for the subject that the appraiser is reading? Do you want to call them an appraiser just because they're providing information that might get used in an appraisal? Do you want to prohibit the appraiser from using that information because they didn't personally develop it?

How about the counter person at the city who provided you with the zoning info. you don't know them or have any idea of their credibility. Does that make that info unusable? If that info is incorrect are you subject to discipline because you trusted that source and proceeded in good faith WRT your usage of the info?

These are not trick questions. All I'm doing is swapping out the variables to test the rationale of the reasoning you're using.

My point is that you need to stop thinking in terms of the specifics a given form might refer to and go back to the underlying concepts and principles involved. Information doesn't become part of your opinion when it's developed; It becomes part of your opinion when you decide it looks sufficient to use and choose to use it. It's the appraiser's agreement or disagreement where their opinion occurs.

Have you ever personally measured a building and decided the measurements didn't make sense so you weren't going to use them unless or until you went back and redid them? Merely collecting the info didn't automatically result in you agreeing with it.

 

[djd09]

Because I sometimes get the impression that you're one of the appraisers who got starved out of the business some years ago.

what does my license status have to do with this. maybe my internet stalker gave you some bad info...tell hin to keep trying

now

am i woke? hell no fricken commie whack jobs

 

[djd09]

Most of the appraisal inspection is forming opinions. It’s not data collection.

george wants you to think that even if all the data is wrong that the sow protects the appraiser how wrong can he be see below

(b) not commit a substantial error of omission or commission that significantly affects an appraisal; and

Comment: An appraiser must use sufficient care to avoid errors that would significantly affect his or her opinions and
conclusions. Diligence is required to identify and analyze the factors, conditions, data, and other information that would
have a significant effect on the credibility of the assignment results.

An appraiser must be prepared to support the decision to exclude any investigation, information, method, or technique
that would appear relevant to the client, another intended user, or the appraiser’s peers.

An appraiser must not allow assignment conditions to limit the scope of work to such a degree that the assignment results
are not credible in the context of the intended use.

Comment: If relevant information is not available because of assignment conditions that limit research opportunities
(such as conditions that place limitations on inspection or information gathering), an appraiser must withdraw from the
assignment unless the appraiser can

 

[George Hatch]

So it's your opinion that an appraiser doing a desktop is not using sufficient care to produce a credible appraisal report?

 

[George Hatch]

what does my license status have to do with this. maybe my internet stalker gave you some bad info...tell hin to keep trying

now

am i woke? hell no fricken commie whack jobs

I don't know if you have an internet stalker. I only know that I suspect you're not licensed anymore.

 

[Mike Ault]

I don't know if you have an internet stalker. I only know that I suspect you're not licensed anymore.

I'm closing in on he/she/it. Pretty sure that "It" is using a VPN hosted by "The Gateway Pundit."