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

[djd09]

What's CU?

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

gig and rigged...

 

[Flakey]

Given the AMC's propensity for gutting this profession and trying to corner all the money, it's just another knife in the drawer. I'm sure they can be trusted not to mis-use this. What can possibly got wrong?

 

[alebrewer]

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

Alsie actually raised a valid point - if AMC's are granted CU access, and AMC's have staff appraisers, then there is absolutely no reason to think those appraisers won't have access as well.

 

[Tom D]

CU 101 for my comrades:
Collateral underwriter is FNMA's appraisal underwriter. No human looks at it. When your appraisal is sent in, a CU report card comes back fastly, with a score.

The score goes 1-5 with anything 2.5, or below, lender is happy & safe. Above that means something not perfect, like rural or odd property, or bad value.

Your report card will, or will not, have a list of comments. If CU is unhappy about something you get dinged with a red check mark, and an explanation.
CU will say, most appraisers used a $50 adjustment, yours was low, etc, etc, It dings you when you go against the group. Dings lower your score.

CU knows everything about every property since the beast has been feed every appraisal for 50 years.

Now the underwriter gets your report card with the ding comments. They do not go into CU. They can waive any dings they want to. The big issue is your score.

The lender's staff reviewers can go directly into CU. CU has layers of information about whatever you are looking for. It does, however, suck at saying, look at these comps, which it will if unhappy about your comps. It seems to find comps in the same census tract, not necessarily da neighborhood.

With CU on your desktop, you have an advantage of pre correcting any CU unhappiness. So the AMC staff appraisers won't be given CU advice before the appraisal is sent to lender. And won't you get many AMC stips for CU dings, especially because the AMC don't care how stupid the ding is, or even understand them.

 

[J Grant]

Alsie actually raised a valid point - if AMC's are granted CU access, and AMC's have staff appraisers, then there is absolutely no reason to think those appraisers won't have access as well.

Perhaps that might be the case...as if they would tell us? (sarcasm intended )

 

[Zoe]

Given the AMC's propensity for gutting this profession and trying to corner all the money, it's just another knife in the drawer. I'm sure they can be trusted not to mis-use this. What can possibly got wrong?

Everything.

 

[Zoe]

I already lost my girlfriend. She hooked up with Gses and AMCs and cheating as my partner.

I am not certain she can be my girlfriend or partner anymore. She has been distant lately.

I envy appraisers that do no GSE work.

 

[djd09]

Property data collection-based appraisal waivers, UPD and the future of appraisals​

Lender strategies for success in 2025

Oct 29, 2024 7:00 am By Scot Rose
Class Valuation

In today’s mortgage landscape, appraisals are a critical component of the loan origination process. To stay competitive, lenders need to adopt a comprehensive approach to collateral management that reduces risk and provides value to their customers and partners in the mortgage ecosystem. Scot Rose from Class Valuation explores current trends and offers strategies to help lenders thrive in 2025.

The current state of appraisal waivers​

Since Fannie Mae’s introduction of appraisal waivers in December 2016 and Freddie Mac’s in June 2017, appraisal waivers

Property data collection-based appraisal waivers, UPD and the future of appraisals

Discover how property data-based waivers and hybrid appraisals are transforming collateral management and shaping the future of appraisals.

www.housingwire.com

so much for confidentiality...

 

[Tom D]

Property data collection-based appraisal waivers, UPD and the future of appraisals​

Lender strategies for success in 2025

The future of appraisals?
Hmmmm, missing the term appraisers. No future there, apparently.

 

[Zoe]

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?

Census tract won't work in Memphis. Some segments in most competing properties are way smaller than a census tract. Like one side of street can make a difference in a census tract.