First Hybrid request.

[TerryRohrer]

It is the opposite of what you were saying. A person can throw around words like value or inspection as a layman. Their "isnpeciton" as a buyer is for their own personal use, not to substitute for an inspection by a licensed professional, or sent to a licensed professional to rely on.

By definition, anything you have posted in these pages regarding lenders, AMCs, GSEs, PDCs, Hybrids, waivers, value acceptance, AI, and, well, about 99% of the other subjects you have opined on, are as a layman, and should not be relied on.

layman
/ˈlāmən/
A layman is an ordinary person who does not have professional training, special skills, or expert knowledge in a specific subject.

 

[alebrewer]

It is the opposite of what you were saying. A person can throw around words like value or inspection as a layman. Their "isnpeciton" as a buyer is for their own personal use, not to substitute for an inspection by a licensed professional, or sent to a licensed professional to rely on.

You are conflating the connotation of 'inspection' as used specifically and narrowly as it applies to appraisal practice with the common connotation of 'inspection'. The only folks that use our version of that term are appraisers. For the entire rest of the world, inspection means just that - to inspect something.

I can't tell if you're being intentionally obtuse or if you really don't get the difference?

 

[TerryRohrer]

AI - I think Alsise meant the borroer is informed about a PDR coleciton for a WAIVer/ACE

Bidenesque!

 

[alebrewer]

lol, the borrower is not told upfront disclosure that a hybrid will be used.

Public trust !!

The borrower, nor the LO, typically don't know 'up front' which offers from AUS will be proffered. How can you know so little about the process, yet speak so vociferously (a term I borrowed from you) about said topic?

 

[George Hatch]

How inane. The appraiser relies on the PDR, and thus the result of it becomes integrated and intertwined with the apprasial.

The appraiser isn't doing anything different with the PDR info than what they do with every other piece of info they research, analyze, consider and reconcile. Including rejecting the use of that info due to inadequacy the way the OP did.

And no, the PDR still isn't "integrated" with the appraisal report unless some clerk happens to staple them together. You cannot take the multiple documents a user might use in their decision making and attribute to the appraiser anything that the appraiser didn't personally do.

 

[DWiley]

If the “words” of USPAP can be distorted into saying an uber driver can perform an appraisal service, perhaps the words of USPAP are what should have been changed and not the AO.

An uber driver cannot perform an "appraisal service". But to paraphrase a certain well known movie line, that phrase does not mean what you think it means, even though you have had it taught to you in many USPAP courses.

 

[djd09]

how lazy and unprofessional can you be not to first hand inspect the subject property...

 

[chad hampton]

We used to all be in some sort of agreement of what an appraisal service consisted of. Maybe Glenn is right, it’s just a signature and value at this point?

I remember eight years ago everybody was in agreement that quality and condition were opinions, and those would always be in the appraisers control. GSE approved software now brags about they determine quality and condition. I would argue that what you do at an appraisal inspection is not simply data collection. You develop a lot of opinions when you’re walking around and inside a property.

The next step is the computer will be giving a value and you will be signing off on it. And then eventually that will go away too.

You got to eliminate the virus immediately otherwise it grows.

 

[alebrewer]

Curious: what does one do with the other hand when the first hand is the one doing the inspection?

 

[djd09]

its like paying russia to scout iran for america...go do your job