Freddie Mac vs Appraiser Bias

[Tiffany Gibbons]

Technical, I know, but REO is not a foreclosed property. OREO is a foreclosed property.

The cookie that no banker wants!

 

[jay trotta]

My bold added...

hmmm

If such a factor is necessary for an appraiser to develop credible assignment results,

Trickery I tell ya, just plain trickery........lol

 

[DWiley]

Before you continue, may I suggest you sit down at a computer and try and upload an appraisal with a trainee signature. Its not the lender or the AMC, its the software and its verification process. The signature can be overridden, but not at when the appraisal is being submitted. This is the error that the program responds with: EAD-APPRAISER - Certification or License Number - should match ASC.gov. This is a hard stop and cannot be overridden. You just have one part of the puzzle.

You are seeing the results of trying to upload to your clients. It is your clients' software that is prohibiting the upload. The "hard stop" you are encountering is in the systems used by your clients (or the AMCs they use). It is not in the XML, nor is it in the UCDP. XML reports with trainee signatures are routinely submitted to the UCDP.

 

[Sadie]

You are seeing the results of trying to upload to your clients. It is your clients' software that is prohibiting the upload. The "hard stop" you are encountering is in the systems used by your clients (or the AMCs they use). It is not in the XML, nor is it in the UCDP. XML reports with trainee signatures are routinely submitted to the UCDP.

Wrong. I am unable to convert the report, has nothing to do with the clients. You know how any of these reports were submitted, just that you have them. Again, sit at a desk as an appraiser and try to upload a report without a licensed or certified appraiser's signature on it. Or, maybe ask the appraiser trainees whose reports you have how they uploaded their reports. It might be eye opening.

 

[alebrewer]

Wrong. I am unable to convert the report, has nothing to do with the clients. You know how any of these reports were submitted, just that you have them. Again, sit at a desk as an appraiser and try to upload a report without a licensed or certified appraiser's signature on it. Or, maybe ask the appraiser trainees whose reports you have how they uploaded their reports. It might be eye opening.

He's right, Sadie. Whomever is managing the OMS (order management system - Mercury, AppraisalScope, etc.) controls 'sets' rules around what is, and what is not, acceptable for each appraisal field in the report. It has nothing to do with UAD requirements. It has to do with who is managing the software that you're uploading your report to. If direct engagement - the lender is setting the rules for the appraisal fields. If AMC - the AMC is setting the rules for the appraisal fields.

 

[Dublin ohio]

He's right, Sadie. Whomever is managing the OMS (order management system - Mercury, AppraisalScope, etc.) controls 'sets' rules around what is, and what is not, acceptable for each appraisal field in the report. It has nothing to do with UAD requirements. It has to do with who is managing the software that you're uploading your report to. If direct engagement - the lender is setting the rules for the appraisal fields. If AMC - the AMC is setting the rules for the appraisal fields.

Wasting you time. They have been told the same thing in half a dozen ways.

 

[DWiley]

Wrong. I am unable to convert the report, has nothing to do with the clients. You know how any of these reports were submitted, just that you have them. Again, sit at a desk as an appraiser and try to upload a report without a licensed or certified appraiser's signature on it. Or, maybe ask the appraiser trainees whose reports you have how they uploaded their reports. It might be eye opening.

LOL. I know exactly how we got them - they were submitted through the UCDP But just to make you happy, I did call a couple and ask if they had any issues uploading the reports. The answer was "No."

As I said before, the UCDP hard stops are publicly available. Everything I have posted on this can be verified with simple searches. Good luck!

 

[Sadie]

He's right, Sadie. Whomever is managing the OMS (order management system - Mercury, AppraisalScope, etc.) controls 'sets' rules around what is, and what is not, acceptable for each appraisal field in the report. It has nothing to do with UAD requirements. It has to do with who is managing the software that you're uploading your report to. If direct engagement - the lender is setting the rules for the appraisal fields. If AMC - the AMC is setting the rules for the appraisal fields.

I'm not wrong. When have you tried to upload from your software an appraisal with a trainee signature? Try it. Its prior to appraisalscope, mercury or appraisalport. It is not client specific. FNMA gives advice on how to make the appraisals acceptable, but they don't work. I can pdf the files and send them on to clients who will accept the pdf format, but most clients will not.


This is the result returned when trying to upload a report with a trainee signature. The details read For appraiser XXXX there is no match in ASC.gov for License/Certification number 123 in the state of OR. Yes I put in the 123.

 

[glenn walker]

He's right, Sadie. Whomever is managing the OMS (order management system - Mercury, AppraisalScope, etc.) controls 'sets' rules around what is, and what is not, acceptable for each appraisal field in the report. It has nothing to do with UAD requirements. It has to do with who is managing the software that you're uploading your report to. If direct engagement - the lender is setting the rules for the appraisal fields. If AMC - the AMC is setting the rules for the appraisal fields.

Thank you Alebrewer and Danny for again clarifying it

 

[alebrewer]

I'm not wrong. When have you tried to upload from your software an appraisal with a trainee signature? Try it. Its prior to appraisalscope, mercury or appraisalport. It is not client specific. FNMA gives advice on how to make the appraisals acceptable, but they don't work. I can pdf the files and send them on to clients who will accept the pdf format, but most clients will not.
View attachment 69251

This is the result returned when trying to upload a report with a trainee signature. The details read For appraiser XXXX there is no match in ASC.gov for License/Certification number 123 in the state of OR. Yes I put in the 123.

That message is from Mercury, not UCDP...