Did An Inspection As A Registered Trainee, Lender Claiming No Knowledge

[Xavier Hargrove]

Hi

Any help would be appreciated. I recently inspected a pretty easy measurable property for a 1004+1007 (refinance). This was for a lender I will not disclose. I informed the lender before that I a NC Registered Trainee wanted and could competently do the inspection of the property and asked if they would be okay with that, since it is more a matter of the lender guidelines than anything. They replied that they just did not want a Trainee signing the report. Now up until this point, for any reports me and my supervisor do, that I personally do the inspection for without him being there, I sign on the left of the report. Then he goes over it and signs as supervising appraiser, checking necessary boxes. The thought was that if I did the inspection I absolutely must sign.
It sounds like according the NCAB actually it is up the the lender guidelines but by signing the 1004 report on the left hand side you are indicating you inspected the property. Right.? If lenders don't want trainees to sign they are basically also saying they don't want a trainee to do the inspection alone. Thanks for the help.

 

[TMG]

Did the engagement letter state this up front? Usually they do. If so, you could have saved some time and energy.

 

[shrubberyvaluation]

Shouldn't your supervisor make this decision? I assume he is the one on their panel. Unless your connections got the client s/he should make the call. I assume the "client" pays your supervisor and not you.

 

[ramrcdk]

Hi

Any help would be appreciated. I recently inspected a pretty easy measurable property for a 1004+1007 (refinance). This was for a lender I will not disclose. I informed the lender before that I a NC Registered Trainee wanted and could competently do the inspection of the property and asked if they would be okay with that, since it is more a matter of the lender guidelines than anything. WRONG!

They replied that they just did not want a Trainee signing the report. Now up until this point, for any reports me and my supervisor do, that I personally do the inspection for without him being there. SO your Super-Visor JUST signs that HE WAS There BUT never really WAS THERE???

After reviewing with my supervisor and checking online and with my state appraisal board rules, I ended up being wrong. My supervisor would just have to sing on the right, and it must be addressed in the report what all the Registered Trainee has done including if and when an inspection is done. I informed the lender I was wrong and that I would not sign the report, but a NC Registered Trainee will be doing the inspection and therefore indicate in the report that we could proceed with the order. WRONG! DID you "Go-Ahead" OR HOLD FOR LENDER APPROVAL??

This is all done on Mercury Network messaging platform so the messages back and forth are saved for everyone to see and go back to for reference. OOOPPPPS on YOUR Part! all right there in writing for the NCAB to view.

After turning in the report, the lender request a revision saying basically I never informed them that a Certified Appraiser CORRECT! ARE YOU??? ...will not be doing the inspection and that per their guidelines only Certified Appraisers can complete the report including inspection. A trainee can work on the report and inspect with the appraiser but cannot sign anywhere on the report and only disclose his participation in the report within the narrative. KEY: IF YOU HAVE ...ADEQUATE LEVEL of experience per Fannie Mae.

Well we did that part and put it in the report. What should would you do in this situation? Has anyone ever dealt with something like this? Answer: NEVER!!! Did your Supervisor take the CE Training Course?

To me I should still charge (LOL) for my services, and just indicate a revision was requested and yadda yadda. We reported what we said we would do for a price. The services agreed were the services rendered NOPE THEY WERE NOT , if they want to get another appraisal that is in their freedom to do so or they can take this one which I have full confidence is a competent, accurately supported report. Per rules, guidelines, & instructions "pretty much ALL of them" SOW, NCAB, Fannie Mae-GSE, maybe HUD, etc. etc.

Should I just eat it, lessoned learned pay my supervisor for his time and never work with this lender again? Again any insight would be appreciated.

Thank you

Lender Requested Revision????
So, in the end per guidelines DID YOU: explain ALL of this per your Thread in the Revision Addendum, date & sign via the SuperV'? Did the Supervisor GO TO THE INSPECTION with YOU???? Your SuperV' may find himself before the board signing on the left.
Example: a sweat-shop of many appraisers...all NOT APPROVED by the lender specifically. Hence the Super' had to SIGN each report. SuperV' indicated HE HAD PERSONALLY inspected (via his signature), on the left. LIES. HE signed but NEVER DID...ever inspect. Being that HE had been around for decades the Board had pity AND just let him TURN IN HIS LICENSE without much "advertising" in the NCAB Newsletters UNDER Violations.

VALUABLE LESSON: Please just STOP & get some TRAINING by a INFORMED Supervisor.

 

[Xavier Hargrove]

Lender: IF there ever send YOU another one.
So, in the end per guidelines DID YOU: explain ALL of this per your Thread in the Revision Addendum, date & sign via the SuperV'? Did the Supervisor GO TO THE INSPECTION with YOU???? Are YOU spoofing US? Your SuperV' may find himself before the board.
Example: a sweat-shop of many appraisers...all NOT APPROVED by the lender specifically. Hence the Super' had to SIGN each report. SuperV' indicated HE HAD PERSONALLY inspected (via his signature). ALL LIES. HE signed but NEVER DID...ever inspect. Being that HE had been around for decades the Board had pity AND just let him TURN IN HIS LICENSE without much "advertising" in the NCAB Newsletters UNDER Violations.
HOW CAN YOU not KNOW THIS is NOT ALLOWED by the lender, the board, Fannie Freddie, Ginnie, FHA, HUD?
VALUABLE LESSON: Please just STOP & get some TRAINING by a INFORMED Supervisor.

I am not sure if we are on the same page. Thanks for your help.

 

[Xavier Hargrove]

Did the engagement letter state this up front? Usually they do. If so, you could have saved some time and energy.

No they wanted my to put in the notes, like accept with conditions initially. Nothing in the engagement says anything about me not being able to inspect the property as a trainee. It just says a trainee must sign.

 

[Xavier Hargrove]

No they wanted my to put in the notes, like accept with conditions initially. Nothing in the engagement says anything about me not being able to inspect the property as a trainee. It just says a trainee must *Certified Appraiser

 

[Xavier Hargrove]

No they wanted my to put in the notes, like accept with conditions initially. Nothing in the engagement says anything about me not being able to inspect the property as a trainee. It just says a trainee must sign.

*Certified Appraiser

 

[Xavier Hargrove]

Shouldn't your supervisor make this decision? I assume he is the one on their panel. Unless your connections got the client s/he should make the call. I assume the "client" pays your supervisor and not you.

I own the appraisal business that my supervisor is under as the certified appraiser. All checks come to that company and then are split. Hope that makes sense.

 

[ramrcdk]

I am not sure if we are on the same page. Thanks for your help.

OK. Please re-read what you posted.

Ok then, you are Certified. NOT a trainee. My Bad.