FANNIE bonds with AMCs, over your dead low paid body.

[Zoe]

Forget about paying for intellectual property data and appraisal data. That is useless. We know what is geographical competent.

Where is my girlfriend Joan when I need her as my partner?

 

[Alsie35]

Are the AMCs going to "Chinese Wall" CU access from their in house appraisers doing origination appraisals? That's the only relevant question here.

If not ... the corruption runs deeper than anyone has imagined. Perhaps the resident 'Super Genius' can enlighten us ...

 

[glenn walker]

Are the GSE's only giving CU access to AMC, but not giving CU access to lenders who order appraisals directly?

If the GSEs give CU access to the AMCs but do not give CU access to lenders or wholesalers who order without an AMC, will that create a disadvantage to drive the sector who use direct order panels to use AMCs instead?

Yes!

 

[chad hampton]

What's CU?

Seems a lot of bull**** to worry about in a gig level profession.

 

[Carnivore]

Some one mentioned the gse's use census tracks. Well a census is done every ten years. BUT Census tracts do change in between the ten year period.

I will let AI explain it , but I don't think the GSE's rely on it. Which is interesting because the tracks do change within the ten year period. and the track number is in your report .BUT MY ADD: You have an effective date of your Appraisal.
----------------------------------------------------------
Census tracts do change, but at two very different rhythms depending on the type of update.

How often census tracts change​

• Small adjustments happen every year.
  The U.S. Census Bureau makes annual tweaks to tract geometries—minor boundary shifts, splits, or merges—to keep them aligned with local changes. These adjustments are reflected in the geographic “vintage” used for American Community Survey (ACS) estimates. Census.gov ICE
• Major changes occur every 10 years.
  With each Decennial Census, the Bureau performs a comprehensive review and redesign of tract boundaries. This is when new tracts are created, others are removed, and larger geometry changes occur to maintain the target population of roughly 4,000 people per tract. ICE catalog.dvrpc.org

Why tracts change at all​

• Population growth or decline
• New housing developments or redevelopment
• Shifts in community characteristics
• Need to maintain statistical comparability and roughly equal population sizes

What this means for data users​

• Year‑over‑year comparisons can be tricky because even small annual changes can affect tract-level analysis.
• Decade‑to‑decade comparisons often require crosswalks or re-aggregation tools to align old and new tract definitions.

---

If you’re working with data for a specific place—like Gastonia, NC—are you trying to compare tracts across years or understand how a particular tract has changed?

 

[J Grant]

Are the AMCs going to "Chinese Wall" CU access from their in house appraisers doing origination appraisals? That's the only relevant question here.

If not ... the corruption runs deeper than anyone has imagined. Perhaps the resident 'Super Genius' can enlighten us ...

The AMC access would not be to the appraisers but rather to the review side I assume

 

[djd09]

Efficient, Reliable, and Bias-Free Valuations Powered by Cutting-Edge Technology​

Streamline the home-buying journey with property data-based appraisal waivers. By leveraging Uniform Property Data (UPD) reports, lenders can quickly access comprehensive property information, including precise measurements, high-resolution photos, and even immersive 3D virtual tours. This streamlined process saves time and money for both buyers and sellers while mitigating risk for lenders

Inspection-Based Appraisal Waiver | Order an Appraisal Waiver

Speed up closings with Class Valuation’s inspection-based appraisal waiver. Get fast and compliant property inspection waivers.

www.classvaluation.com

pimping...

 

[J Grant]

Efficient, Reliable, and Bias-Free Valuations Powered by Cutting-Edge Technology​

Streamline the home-buying journey with property data-based appraisal waivers. By leveraging Uniform Property Data (UPD) reports, lenders can quickly access comprehensive property information, including precise measurements, high-resolution photos, and even immersive 3D virtual tours. This streamlined process saves time and money for both buyers and sellers while mitigating risk for lenders

Inspection-Based Appraisal Waiver | Order an Appraisal Waiver

Speed up closings with Class Valuation’s inspection-based appraisal waiver. Get fast and compliant property inspection waivers.

www.classvaluation.com

pimping...

​

lol-Their spin copy above states the waiver is eliminating the need for a valuation....then they say it reduces the opportunity for bias, prompting fair and impartial property valuations!! If there is no valuation, then how can there be a fair and impartial property valuation? ( sarcasm intended,) Of course, with a waiver/value acceptance, no appraisal or valuation is performed. The "cutting-edge technology" consists of sending a non-appraiser person out to the property (instead of an appraiser) to take photos and measure.

Value Certainty
Only data collection is required, eliminating the need for valuation or risking further price negotiations.

Reps and Warrants​

No risk of future buybacks, ensuring greater security for lenders.

Appraisal Bias Mitigation​

Reduces the opportunity for bias, prompting fair and impartial property valuations.

 

[Carnivore]

Well if our economy were to take a dive the quick routes to a refi /purchase will go POOF appraisers will be in the money a again. The myth of a shortage of appraisers. may actually be realized.

 

[J Grant]

Well if our economy were to take a dive the quick routes to a refi /purchase will go POOF appraisers will be in the money a again. The myth of a shortage of appraisers. may actually be realized.

Don't count on it. They'll find a way to blame us no matter what. Even if markets crash, there is too much money to be made by replacing appraisers or downgrading our role , which is why the hybrids and waivers and influx of non-appraisers to do PDR collections was greenlighted.

Though I would expect a fair amount of hacking and the way the wonder tech might collapse is when the inevitable fraud takes place. With virtual inspections or no PDR in some cases, and no valuations and virtual closings, why not make virtual applications to online lenders (who never get to know anybody- that would create friction!!), - fake applications from property owners for small HELOCS and such, 15-30k - close them virtually and wire the money offshore. It might take months for a homeowner or their lender to realize there is another lien on a property.