J. Parker Graham
Freshman Member
- Joined
- Jan 19, 2002
Do you receive unwanted and unsolicited appraisal request from unknown
lenders ? Do these requests appear with out prior warning. Has the sub-prime market gone thru all of their approved appraisers to the point where new talent is needed ? Why are the appraisal fee's in the basement ?
Has the sub-prime market become so bold and so widespread that it is now instructing appraisers how to perform FHA ? USPAP is relaced with the must have, and need to have subject value. The 4150.2 section 5-1 of the Transmittal Handbook for the U.S. Department of Housing and Urban Development very clearly describes the form, format, and all addendums required. I have not found where the Transmittal states drop all addendums from your report and begin using the FNMA 2055.
Will the sub-prime become our prime-time method of real estate valuation ? Mortgage Companies working in concert with chosen appraisers could very well make it so. These companies exist because some of us service their appraisal needs and the companies fill a need for - not ready for conventional lender borrowers.
But in the mean time, call me conventional only, Do you ever wonder who you are working for ?
Living Large in Detroit
J. Parker Graham
lenders ? Do these requests appear with out prior warning. Has the sub-prime market gone thru all of their approved appraisers to the point where new talent is needed ? Why are the appraisal fee's in the basement ?
Has the sub-prime market become so bold and so widespread that it is now instructing appraisers how to perform FHA ? USPAP is relaced with the must have, and need to have subject value. The 4150.2 section 5-1 of the Transmittal Handbook for the U.S. Department of Housing and Urban Development very clearly describes the form, format, and all addendums required. I have not found where the Transmittal states drop all addendums from your report and begin using the FNMA 2055.
Will the sub-prime become our prime-time method of real estate valuation ? Mortgage Companies working in concert with chosen appraisers could very well make it so. These companies exist because some of us service their appraisal needs and the companies fill a need for - not ready for conventional lender borrowers.
But in the mean time, call me conventional only, Do you ever wonder who you are working for ?
Living Large in Detroit
J. Parker Graham