Freddie Mac vs Appraiser Bias

[alebrewer]

I don't know her personally and if you trained her then imo her training was still deficient, because her peers did inspections and she did not . A peer standard is a USPAP thing. I had no idea since you did not post you personally trained her so how can it be rude of me ?

Well, the fact that I said "I had one trainee" should have provided some indication that I trained her but - my bad for assuming that would have been easy to grasp. And I think maybe your definition of 'peer' is different than mine. I always thought a 'peer' was another appraiser who has expertise and competency in a similar type of assignment. If that is the case, then her 'peers' would be folks who had/have expertise and competency in non-inspection related appraisal practice. So no - her 'peers' did not do inspections.

 

[J Grant]

I ABSOLUTELY agree that states don't want trainees inspecting properties without having demonstrated proficiency in doing so. That wasn't my point. My point was that I'm not aware of any states that REQUIRE some minimum hours of experience being in 'inspections'. And if that requirement is not there, the states cannot hold you accountable to having to meet it, right? I have no idea what was anticipated when the legislation(s) was/were drafted - I only know that inspections are not required as part of the experience requirements. And desktop appraisals aren't the only opinion for gaining 'non-inspection' experience. There's an entire world of appraisal practice that doesn't involve inspections. Forensic research, reviews, report writing, analysis, expert witness, etc. If Inspections were so integral to the appraisal problem, wouldn't you think that would be part of USPAP?

Yes, there is an entire world of appraisal practice that does not involve inspections. But residential lending is not part of that .

Res lending has always been a segment of appraisal that needs/benefits from an inspection and has for decades. So what did they do - exploited what is (imo) a flaw in USPAP to insert a third party into the inspector role for certain orders.

 

[J Grant]

Well, the fact that I said "I had one trainee" should have provided some indication that I trained her but - my bad for assuming that would have been easy to grasp. And I think maybe your definition of 'peer' is different than mine. I always thought a 'peer' was another appraiser who has expertise and competency in a similar type of assignment. If that is the case, then her 'peers' would be folks who had/have expertise and competency in non-inspection related appraisal practice. So no - her 'peers' did not do inspections.

She got no inspection experience under your training, so the fact is she is deficient compared to her peers at the end of training who can have hundreds of inspections under their belt.

 

[alebrewer]

She got no inspection experience under your training, so the fact is she is deficient compared to her peers at the end of training who can have hundreds of inspections under their belt.

define peer, please.

 

[alebrewer]

Res lending has always been a segment of appraisal that needs/benefits from an inspection and has for decades.

You may not be aware, but times change, technology changes, heck - even hair color changes. The fact that we've done something one way for 'decades' is not justification for continuing to do so. One could use that argument in support of not allowing women to vote...

 

[CGinMN]

I see a lot of requirements RE whether a trainee can inspect on their own, but I don't see any requirements that the trainee MUST perform some minimum amount of inspections... am I missing something?

If Inspections were so integral to the appraisal problem, wouldn't you think that would be part of USPAP?

Whether states require inspection competency to be demonstrated for a real property appraisal license is a different question than whether USPAP requires an inspection. States can impose their own minimums and many have.

 

[alebrewer]

Whether states require inspection competency to be demonstrated for a real property appraisal license is a different question than whether USPAP requires an inspection. States can impose their own minimums and many have.

Yes and no... most states incorporate USPAP into their regulations, no? As to the second point, what minimums are you talking about? Again - no states that I'm aware of have any requirements for a minimum # of inspections...

 

[CGinMN]

See post 348. It seems to me that it depends on the state's interpretation of its appraisal statute. If you need a concrete answer to this, I would start calling the individual states to find out if they have a minimum inspection requirement before granting real property appraiser credentials. Seems to be the only way you're gonna find out for sure.

 

[alebrewer]

See post 348. It seems to me that it depends on the state's interpretation of its appraisal statute. If you need a concrete answer to this, I would start calling the individual states to find out if they have a minimum inspection requirement before granting real property appraiser credentials. Seems to be the only way you're gonna find out for sure.

But I don't need a concrete answer. I'm not the one questioning whether states require it or not...

 

[Dale Floyd]

It's just a silly argument that the inspection has to be made personally by the appraiser, although that is probably the most preferred method. Some of the comments lead down that path, but that isn't the answer either.

All of us have trained our trainees to a level where we trusted them with inspections. My trainees are simply matchless in their inspections. We all have developed relationships with other appraisers who also are equals in the profession. If Tiffany G did an inspection for me, I would have no issue at all completing a report based on her inspection and perspectives because I know her work - I trust her perspectives. I would say the same for others in my Tennessee region as well.

But that is the real rub for me. I don't want the GSEs telling me how to run my firm or my business. Instead of trying to find ways for a milkman to do property inspections on the side for $75, and putting us in a position of taking it or leaving it, they should be working on their own form certifications and the lending side who make it so difficult for us to do our jobs. THAT would solve everybody's problems. (That was a HINT, in case anybody missed it.)

Today, we can't just let a trainee do portions of the appraisal without violating something in this process. Our certification allow trainees, but the clients don't. Our certifications don't allow trainees to do portions without signing, and many lenders won't accept them as a signer because the trainee wasn't the one hired. It's complete madness, and all the while, the writers of the forms want to insert somebody else in a different form as long as we have no say. Ridiculous.

I could get things done much faster, if I could run my shop without interference. I am responsible for everything I sign, regardless of who does what. If I say the source is credible, I had better be able to back that up regardless of who or what the source is. If I want to use Tiffany G for an inspection, I should be allowed to do that without any consideration of which form is being used or what property is being done. I would be liable anyway, whether she inspected or me. Is this so hard to figure out?