Desktop appraisals officially rolling out

[J Grant]

Forgive me for continually having to question your authority, J, but what documentation have you to demonstrate that it is 'extremely rare' for an appraiser to get physical characteristics wrong? Is it possible that the agencies are seeing something that you haven't? You throw these statements around as if they're fact when, IRL, they may not be correlated to the real world at all...

In the real world , I did field reviews of several hundred appraisals and found only 2 with any material discrepancies, most problem child appraisals are pushed value /cherry picked comp issues, the other appraisers who review found similar

You just argue with anything I say and same for pushback from other posters that do not support the AMC friendly spin -r

 

[J Grant]

Another inconsistent comment....

3 maybe 4 years ago when the hybrid product was being b****ed about here....
Several if not nearly all AF members who opposed the hybrid pointed out the reason for their opposition was that a licensed appraiser whom they didn't know would be completing the inspection portion of the product....
And you couldn't/shouldn't/mustn't/etc. trust the data/information collected and provided by this unknown (to you) licensed appraiser....
Even if the licensed appraiser was the same licensed appraiser that you trusted when you completed a review on his/her appraisal months or even years ago....

Now in 2022, the same AF complainers are still complaining but in 180 degrees that we could/should/must/etc. trust the unknown licensed appraiser....
Yeah go figure....

Not correct, it was not limited to licensed appraisers, third party non appraisers and RE agents were candidates for the inspection part.

What happened to them, anyone know?

AND, we have to trust the appraiser on the OA of a review because we have no choice, we do not have homeowner permission to interior inspect. in a review With this product, we would have permission but the assignment conditions deny it happening.

 

[alebrewer]

I did field reviews of several hundred appraisals and found only 2 with any material discrepancies

And how did you confirm that only 2 had material discrepancies? Were you measuring these several hundred homes as part of the SOW?

BTW - no spin here. It just gets tedious when folks just make stuff up and cite their opinions as fact.

 

[ucbruin]

Not correct, it was not limited to licensed appraisers, third party non appraisers and RE agents were candidates for the inspection part.

What happened to them, anyone know?

AND, we have to trust the appraiser on the OA of a review because we have no choice, we do not have homeowner permission to interior inspect. in a review With this product, we would have permission but the assignment conditions deny it happening.

"Not correct, it was not limited to licensed appraisers, third party non appraisers and RE agents were candidates for the inspection part."

Truthfully....
You wouldn't have accepted the hybrid data/information collected by a licensed appraiser....

"AND, we have to trust the appraiser on the OA of a review because we have no choice, we do not have homeowner permission to interior inspect. in a review With this product, we would have permission but the assignment conditions deny it happening."

BS....
We don't have to trust the appraiser on the OA because we are required to verify the information provided by the appraiser from other sources....
You did verify the information on the report, right....

And no fee appraiser is required to accept any and all assignments so for many AF members....
Hybrids and desktop products is a moot point....

 

[djd09]

did i miss the 25 dollar hybrid thread?

 

[OSU Beavers]

Is there a credit score limit for these Remote+Desktop assignments?

A surprising amount of people have a FICO under 700.

 

[Terrel L. Shields]

Wow, that is scary. 80% would be more reasonable.

I am old enough to remember when 50% LTV was common and 70% was absolutely the max on a farm or business.

 

[Terrel L. Shields]

What happened to them, anyone know?

They didn't want to do them. They should have allowed lawyers to do them. There are some things even a Realtor won't do...not so much the .....

 

[glenn walker]

The hybrid is dead so everyone needs to focus on the desk top model and it may end up working just fine especially for older appraisers who are blind in one eye and whose will now receive professional photos and a professional measurements that are ANSI approved. Its going to take off because Realtors now will not have pesky appraisers nit picking stuff because they wont see it.

 

[ucbruin]

I don't know if there was a standard/uniform software for the hybrid....
The few that I completed, both as a data collector and the appraiser, for 2 different companies....
Their different software sucked....
At least the Desktop product during Covid was the traditional 1004 with updated cert language to be added to the addendum....