FHA Lowering Requirements

[Tom D]

I expect to be paid more for the UAD 3.6, while still inspecting the comparables from at least the street.

I still expect to be paid more for the uad3 while not driving to visually see the comps. Big urban, nothing to see after doing 40,000 appraisals so far. But my experience is worth the fee and my appraisal is like art work. Lenders have them on their office walls.

 

[sputnam]

The AMC cubical dwellers do not have any License, or ethics to abide by. They have nothing to lose other than not meeting expectations/performance. Just think about that when you engage. BTW, a few years ago, I had a stip request from a UW, that person did not exist! I thought it was one of the stupidest stips I've seen, so I researched the name and they seem to have been "made up". We really have no idea who or what is dealing with our reports.

Your conclusions are not well supported. In fact, many AMCs use appraisers to review appraisal reports. I know that, because part of my work is exactly that. The fact that you were unable to find someone, is not proof that the person doesn't exist. It is proof that you couldn't find them. You are right, that we generally have no idea who or what we are dealing with. The appraiser's job is to develop and report opinions of value in accordance with the regulations and guidelines that pertain to the assignment. That's it. Period.