Feb 4th GSE requirements

[DWiley]

I most certainly think that will happen and to a much larger degree than the GSEs are anticipating.

I am much younger than the median appraiser age but have been at this for over 20 years and am a go-getter. I went right to Certified, designations after 5 years, volunteering on my local board of assessors and at the state level.
I do not plan on continuing to do bank work in 18 months or whenever the new form is mandatory, and I know other younger appraisers that feel the same way. I wonder how many 65 year old appraisers plan on doing the silly things the new form requires?

But when all is said and done and the experienced appraiser’s are replied by the PAREA appraiser at least the GSEs will know the height of the front door.

That is a very interesting take. The younger appraisers I have talked to overwhelming prefer the new UAD over the clunky way the current forms work. It is modernizing a reporting process that has been stuck in the 90s.

 

[Phlyguy]

You are the one who wrote it but are now saying you didn't mean what your words actually say. And you are asking ME if I am a politician.

For decades appraisers have reported gutter materials, screens on windows, and other things I have never seen an adjustment for. The fact that there is a data field for something in no way requires one to adjust for that something, as your original post implies.

I meant what I said I just don’t think adjustments are the big topic at hand.

I guess we’ll have to wait and see how successful the new form is.
The 1004 MC didn’t last long. I know appraisers that stopped doing bank work when UAD came along and when ANSI was implemented, but yeah maybe people will be excited to measure front doors.

 

[Non Sequitur]

That is a very interesting take. The younger appraisers I have talked to overwhelming prefer the new UAD over the clunky way the current forms work. It is modernizing a reporting process that has been stuck in the 90s.

Overwhelmingly prefer something that doesn't exist yet? Color me skeptical.

They may think they prefer the idea of running around with an iPad and sitting at their desks putting together reports with the help of artificial intelligence, but when the rubber hits the road my guess is the reality of the mess that this is becoming will push those younguns' to fields they are respected in and can make a living in.

 

[TerryRohrer]

That is a very interesting take. The younger appraisers I have talked to overwhelming prefer the new UAD over the clunky way the current forms work. It is modernizing a reporting process that has been stuck in the 90s.

How many inspections/reports have they completed using the new UAD?

 

[glenn walker]

I meant what I said I just don’t think adjustments are the big topic at hand.

I guess we’ll have to wait and see how successful the new form is.
The 1004 MC didn’t last long. I know appraisers that stopped doing bank work when UAD came along and when ANSI was implemented, but yeah maybe people will be excited to measure front doors.

You know and I know the front doors are no big issue most can look at one and estimate the apx height.

I can remember when FHA had carpet and rain gutters have to meet certain manufacturing standards and when appraisers went into tizzy about having
to be measuring porches and patios.

Focus on the big issues not the minutia as there are no " door measure police " coming out to verify.

The Real Issue is appraisers hate change and that's because it takes a learning curve but each new curve doesn't come with a pay raises and between Scope Creep and additional information the Fees no longer make residential appraising a profitable business model.

It's assembly line or piece work and you get paid per widget but no matter how many you produce your barely surviving.

 

[DWiley]

How many inspections/reports have they completed using the new UAD?

The same number as those offering the counter view . Samples have been available on the GSE web sites for a very long time, and I talk to a LOT of appraisers.

Most of us old timers have used the current forms so long we have just accept the extreme clunkiness as just the way things are. Putting all the pictures in the back, simply because that is how we did it when we typed reports, makes a lot of sense, right? It's not like it would be easier for a reader if the comp photos would be more useful at the top of the comp grid. Spreading comments throughout an unstructured multi-page addenda makes just as much sense.

 

[Phlyguy]

Even with the door measure police not being a serious threat I still personally wouldn’t state the height of something unless I measured it. Im sure the GSE’s have software that can accurately measure the height from the front photo, but for some reason they want the appraiser to be the one held responsible.

I just noticed the new form doesn’t even have the sales comparison grid all on 1 page, that is the opposite of less clunky to me.
Having to read through important commentary that the Sellers Guide requires pertaining to septic systems being common when a town doesn’t even have sewers, or a paved private road being in passable condition when the photo clearly shows this, before you even get to the sales comparison approach (which is really what the reader is looking for) is also the opposite of less clunky to me.

 

[chad hampton]

If there were meaningless bull**** items on the GSE forms, then why weren't they taken off instead of added too them? That would have been modernization.

 

[glenn walker]

The appraisers always fight the wrong battles and a form is not a Hill to die on the only issue is how can you get paid more money for more scope creep and time spent doing reports.

 

[djd09]

Fannie, Freddie oversight chief to Powell: Cut rates or resign​

the gse's are panicking...