Freddie Mac vs Appraiser Bias

[djd09]

it is the conspiracy of all conspiracies. i invite junia and that freddie mac white male to the next meeting of the he man appraisers club to discuss how we can futher devalue certain areas

 

[Sadie]

I would say that of your posts

What you posted is a link to the UCDP rules. Appraisers cannot submit reports to the UCDP. Only lenders or their designees mat submit reports to the UCDP.

It is correct to say that a report submitted to the UCDP with a trainee signature will produce the message that the license information cannot be verified at ASC.gov will produce a warning message. However, that message does not prevent the lender from submitting the report. If a lender's policy allow trainee signatures, then they are free to ignore the warning and submit the report.

As for the term "hard stop" - you are technically correct that the message is labeled as a "hard stop" in the current UCDP. However, it is not truly a hard stop, as it only generates a warning message and does not prevent the report from being uploaded (as explained in Appendix D of what you posted). As I have pointed out multiple times in this thread, reports with trainee signatures are uploaded to the UCDP daily.


Yes, that has been my point al along. It is not the GSEs or MISMO XML that are blocking your reports from being submitted. It is the lenders, their policies and the systems they use.

As I said, you don't know what you don't know. Educate yourself.

 

[Zoe]

Danny Wiley, senior director, property valuation for Freddie Mac, brought up the use of inspection technology to help eliminate bias.

“The data tells us we actually get more accurate condition ratings with a third party inspection,” said Wiley. “I don’t think people see that as potentially something to help with the bias but the data clearly shows that that is a contributor to improving our results and getting less bias in those condition ratings.”

“We came to the conclusion that the percentage of undervaluation in each one of those markets didn’t vary according to the race or the demographics of that area,” said Hogan. “Now, obviously, that would make sense because AVM doesn’t know the race, it’s pretty much blind to those things.”

https://www.nationalmortgagenews.com/news/fhfa-to-make-fannie-freddie-appraisal-data-public



I’d really like Danny to reveal the data he referenced revealing real life examples of appraiser bias versus non-bias with a third party. I’m a little confused with DW these days.

See what you started.

 

[Carnivore]

Ha. I have preaching this on the forum for at least 4 years.

Corporatelization of the appraisal process.

I just love the hyprocy.

They want to bring more people and minorities to the profession.....but then use avms with pcr reports....

I don't think so. Freddie Mac Seen something in their data. since so called hybrids/desk-tops have been around awhile I can see where they may think this type of development and subsequent reporting will reveal if the bias claim has merit,

One thing I do know, they can identify every appraiser that has been presumably low in a mixed or heavily minority areas. I imagine they may be doing a deep dive on those identified appraisers. If one or more show up multiple times could reveal a problem really does exist among some but not all appraisers.

 

[DWiley]

As I said, you don't know what you don't know. Educate yourself.

LOL - Actually, I have been trying to educate YOU

I have worked at multiple companies that actually design and implement the uploading systems used by lenders and AMCs. I know the UCDP rules, and I know how lenders and AMCs choose to implement those rules in their own systems. Most appraisers do not know about all the various systems that are used to ingest and evaluate reports, and they do not understand/appreciate (or even care) about the difference between the UCDP and proprietary systems. Appraisers do not submit reports to the UCDP. They upload reports to lenders/AMCs using some proprietary system, and then the lender/AMC uploads to the UCDP. You are assuming that because you cannot upload reports signed by a trainee that the problem is with the UCDP. It is not. It is entirely about the system that the lender/AMC uses.

Just so far today, over a dozen reports signed by a trainee have been submitted by lenders to the UCDP.

 

[Sadie]

LOL - Actually, I have been trying to educate YOU

I have worked at multiple companies that actually design and implement the uploading systems used by lenders and AMCs. I know the UCDP rules, and I know how lenders and AMCs choose to implement those rules in their own systems. Most appraisers do not know about all the various systems that are used to ingest and evaluate reports, and they do not understand/appreciate (or even care) about the difference between the UCDP and proprietary systems. Appraisers do not submit reports to the UCDP. They upload reports to lenders/AMCs using some proprietary system, and then the lender/AMC uploads to the UCDP. You are assuming that because you cannot upload reports signed by a trainee that the problem is with the UCDP. It is not. It is entirely about the system that the lender/AMC uses.

Just so far today, over a dozen reports signed by a trainee have been submitted by lenders to the UCDP.

I ask you, when was the last time you sat as an appraiser and uploaded a report to a client?

 

[glenn walker]

I ask you, when was the last time you sat as an appraiser and uploaded a report to a client?

Sadie really--Danny is correct I know this for a fact why not just give it up LOL

 

[DWiley]

I ask you, when was the last time you sat as an appraiser and uploaded a report to a client?

Whether I last uploaded a report a few weeks or 10 years ago would not affect how the systems work and how they are designed.

I get your dilemma. You are working with folks who do not allow trainee signatures - they do that either by direct policy, or by setting up their technology to prevent it, or by both. And, because that is the "world" you are in, you think that is the world that all work in; but that is not the case.

You are blaming MISMO, XML, GSEs and UCDP on the fact that you cannot upload a report signed by a trainee. The root cause for the dilemma you face is none of those, it is the lenders/AMCs that you are working for and the systems they use. You may continue to refute that basic fact if you choose, or you can research the matter and learn and accept the facts. Either way, I wish you well. Cheers

 

[Sadie]

Whether I last uploaded a report a few weeks or 10 years ago would not affect how the systems work and how they are designed.

I get your dilemma. You are working with folks who do not allow trainee signatures - they do that either by direct policy, or by setting up their technology to prevent it, or by both. And, because that is the "world" you are in, you think that is the world that all work in; but that is not the case.

You are blaming MISMO, XML, GSEs and UCDP on the fact that you cannot upload a report signed by a trainee. The root cause for the dilemma you face is none of those, it is the lenders/AMCs that you are working for and the systems they use. You may continue to refute that basic fact if you choose, or you can research the matter and learn and accept the facts. Either way, I wish you well. Cheers

Dodged the question.

 

[DTB]

This what DW's handlers wanted, so the data was found to support that position. Me thinks DW has fallen prey to his own unintended bias.

Occam has spoken.