GSE Waiver & Data Collection Data

[Surf Cat]

i do have a question...how many waivers did you perform today???

Who's that question for Robot dude?

Alls I know is my mentor did these for a little while. He wanted to get off the freeways of Los Angeles and just stay home. He was sold on the "hour per report" mantra. He figured, three a day, easy life.

Guess what? He's back on the highways and byways of Los Angeles LOL

The hybrid form is just a 1004 with different certifications..... add to that the measurements of the PDC often didn't match public records plus, there was no explanation as to why. No neighborhood description as that's not the pdc's responsibility. He said even with the photos, it was hard to come in at a solid, conclusive, opinion of value because...... wait for it...... he didn't see the subject property! Ha ha ha!

I'd be on the phone with him and I'd go "dude.... quit trying to press the envelope, just be conservative and be done with it. After all, you didn't see it. Plus, the fee's insulting.....move on".

BTW.... he never did get them done in one hour.

 

[Surf Cat]

I have a question for all you hybrid-ers out there....Do you get ROV'S on a hybrid?

That'd be funny....

 

[Terrel L. Shields]

There is X amount of work. There are X numbers of reports. If you share a piece of the pie with AMCs and property inspectors, then quantity is not going to be the result. Rather your share of the pie goes down. With appraisers already marginalized into low pay for residential work, then most appraisers are not what the Brits would call "redundant."

 

[chad hampton]

About two years ago for ****s and giggles I accepted three hybrid assignments. All three were a disaster as far as the field appraisal work. The worst one was the fake field Appraiser didn’t recognize that the home was a manufactured home and he called a single family. Also said it was on city water and sewer. It was well/septic. I informed the AMC that the fake field appraiser work was garbage and these would need to be upgraded. I never got any of those orders. I’m sure they’re on fannie:Freddie’s books somewhere. and I’ve read so many examples of this, that’s why I’m skeptical of anything the GSEs say at this point.

 

[djd09]

how many waivers have been issued for east cleveland??? i bet none

 

[J Grant]

When the appraiser inspects the subject, it is not just "collecting data". It is getting a first-hand observation of the home, its site, the neighborhood, and how it relates to it. In addition, the appraiser can get in-person information from people on site, an owner, a RE agent, or a builder, etc.

 

[chad hampton]

When the appraiser inspects the subject, it is not just "collecting data". It is getting a first-hand observation of the home, its site, the neighborhood, and how it relates to it. In addition, the appraiser can get in-person information from people on site, an owner, a RE agent, or a builder, etc.

What??? That’s crazy talk. The inspection doesn’t matter at all. That’s why it was never a big deal when certified appraisers use their brother, uncles and nephews as runners all over the state, no one ever had a problem with that.

 

[DWiley]

When the appraiser inspects the subject, it is not just "collecting data". It is getting a first-hand observation of the home, its site, the neighborhood, and how it relates to it. In addition, the appraiser can get in-person information from people on site, an owner, a RE agent, or a builder, etc.

First you say, "When the appraiser inspects the subject, it is not just "collecting data" - but then everything you say after that is collection of data

 

[Terrel L. Shields]

everything you say after that is collection of data

But do property inspectors collect that and report it correctly?

 

[DWiley]

That’s why it was never a big deal when certified appraisers use their brother, uncles and nephews as runners all over the state, no one ever had a problem with that.

Of course that as a problem. It was a problem because of the lie - not because of the data collection. In what you describe, a third party collects data but the appraiser is certifying (swearing) that the appraiser collected it. The issue in that case is the dishonesty, even if the data is correct.

In a hybrid, the report clearly addresses the lack of personal viewing by the appraiser - there is full transparency about the process. That is not the same as using a runner and then signing a false certification.