Freddie Mac vs Appraiser Bias

[glenn walker]

Simply amazing just reading the Certification Clears up many things.

 

[Zoe]

What is the purpose? Someone asked earlier. Tell me what data this third person has or gathers that a professional appraiser cannot gather?

 

[Sadie]

The hybrid form has been out for a long time. No one needs to guess as to the content of the form and the certs. Just look in your forms software.

Are you willing to put your professional reputation, career and livelihood on the line and rely on data from an unknown source? And be solely responsible for any outcome, regardless of said data's reliability or relationship to reality?

 

[Sadie]

What is the purpose? Someone asked earlier. Tell me what data this third person has or gathers that a professional appraiser cannot gather?

I think in theory, faster, cheaper.

 

[Zoe]

What will they say when I say I am the appraiser. I need to inspect? I don’t care what they told you.

I don’t even know who they are.

 

[Dublin ohio]

Simply amazing just reading the Certification Clears up many things.

Makes one wonder if some have ever read the certification they sign

 

[Zoe]

I just knock on door. Or for a small fee I can get most homeowners contact information with online sources.

 

[George Hatch]

Are you willing to put your professional reputation, career and livelihood on the line and rely on data from an unknown source? And be solely responsible for any outcome, regardless of said data's reliability or relationship to reality?

What would you say is the difference in an appraiser's liability between an error of fact that came from the MLS or from public records vs an error that came from the source the appraiser identifies at the top of Pg 3 in their report?

The client (and downstream users) selected or otherwise chose to accept this appraisal workproduct, presumably in full knowledge of what the appraiser did/didn't do. The appraiser didn't force the client to make that choice. Having chosen the assignment with the lesser SOW that client is going to have a tough time saying they didn't realize what they were doing or that the appraiser lied to them about what they did/didn't do, or that they didn't understand these additional risks.

 

[Zoe]

Makes one wonder if some have ever read the certification they sign

Don’t make me wonder. I can go over and above the certification.

 

[Zoe]

I set my SOW. Liquidation is a different animal if I can’t get interior. Different ball game all together