Help me with non-traditional appraisal products

[Mejappz]

Sure, before I was licensed and they said "this is a drive-by evaluation, not an appraisal and I am not an appraiser" all over them. And my supervisor reviewed every one of them before they went out because it was his company. So that was 1991? This post was about "hybrids and desktop products". At least I got to "drive by" the property. I quit doing them because I couldn't add them to my log. 2055 Exterior was different as well. Those were primarily refinances with MLS photos available or we had done the original appraisal. They were in house lending, low risk loans like refinancing a 30 year to a 15 year loan.

Go ahead and do the evals like most of the certified USPAP instructors in your state are doing. The clients don’t want restricted appraisal reports give them what they want and cash in. Only do appraisals for your best clients.

 

[George Hatch]

Go ahead and do the evals like most of the certified USPAP instructors in your state are doing. The clients don’t want restricted appraisal reports give them what they want and cash in. Only do appraisals for your best clients.

I agree. If appraisers can make more money on SFR appraisals by calling them evals then I think that's great. As an advocate for appraisal standards I care more about what you do than about what fuzzyspeak you use to deny responsibility for your conduct. Just because you call it an eval doesn't mean that I should assume you are as incompetent at property valuation as the people who normally do them.

Evals on SFRs. What a lucrative and rewarding business opportunity for appraisers. It must pay at least as much as the PDCs are getting paid. BAAAANKK!!!

 

[Tiffany Gibbons]

Back then very few people really understood the finer points in USPAP. I know that I never did until some years later when I had to familiarize myself enough with the material to presume to stand in front of a roomful appraisers and get into it with them.

Lemme tell you, if you stand in front of a roomful of appraisers and say something stupid about appraising then that's going to become a real hostile environment for you real quickly. However much ego it takes to work as an appraiser in the first place, it takes a lot more ego than that to "instruct" appraisal topics to your peers because they already know what they're doing.

If a savvy supervisor had understood it then they could have tweaked those "eval" reports enough to qualify them for your experience. They would have been able to articulate it adequately to the state boards.

Actually, my supervisor is very savvy and when he saw I how much I knew about FHA, VA and ERC appraisals from working at another appraisal company, I started doing those with him instead. I had no trouble getting my hours. Oh, and he's been a certified USPAP instructor since the 1990's and still teaches it for ASA.

 

[Tiffany Gibbons]

That is certainly one of the (very obvious) things one would do. Appreciate the input.

I think that we have differing opinions of what constitutes a "real appraisal" is the problem.

 

[Dublin ohio]

I think that we have differing opinions of what constitutes a "real appraisal" is the problem.

Take particular note of 1-a & c, 3-b & 4

Definition of SUBTLE

delicate, elusive; difficult to understand or perceive : obscure; clever and indirect : disguised in purpose… See the full definition

www.merriam-webster.com

 

[Tiffany Gibbons]

Take particular note of 1-a & c, 3-b & 4

Definition of SUBTLE

delicate, elusive; difficult to understand or perceive : obscure; clever and indirect : disguised in purpose… See the full definition

www.merriam-webster.com

The title of the thread is help me with non-traditional appraisal.ssignments. You love the desktop, I get it.

 

[Dublin ohio]

The title of the thread is help me with non-traditional appraisal.ssignments. You love the desktop, I get it.

A little froggy for someone who doesn't get sheet

 

[djd09]

if the runners are such expert home inspectors...they should have no problem sending you their E&O insurance

 

[djd09]

I check every appraisal I do to Zillow. 1 out of 20 is surprisingly the same number.

If 5% accuracy is what you want, then go for it. Maybe close is good enough? But I agree with loan officers, just let them estimate value.

if the mortgage broker keeps waiving the appraisal...everything will be worth 1 million like in califcommiefonia...

 

[djd09]

The ‘Science’ Of Appraisals Gets Government Attention​

Start now to prepare your Reconsideration of Value policy

On Aug. 2, 2023 Fannie Mae and Freddie Mac issued joint announcements updating Appraiser Independence Requirements. The announcements also introduced guidelines to Property Data Collector Independence requirements.

The ‘Science’ Of Appraisals Gets Government Attention

In 2012 I purchased a home. When the appraisal came back it included a shed that did not belong to the property we were buying. The shed was valued at 4% of the purchase price, so I requested an updated appraisal without the shed and looked forward to a potential bargaining chip with the seller...

nationalmortgageprofessional.com

the mortgage industrial complex propaganda machine is rolling...right, geiorge?...anyways, im sure the unlicensed home inspectors will get the same treatment independent appraisers get when they lowball an appraisal