Hybrid and Desktop Inspectors

[DWiley]

There is NO photo requirement, correct? Or did I miss that in the specifications? I've never done a traditional desktop so I may be off on my thinking WRT photos.

There are photo requirements. The photo requirements for the 1004 Desktop/70D are the same as for the 1004/70.

 

[Zoe]

There are photo requirements. The photo requirements for the 1004 Desktop/70D are the same as for the 1004/70.

When are new forms coming out? Any clue?

 

[Overimprovement]

There are photo requirements. The photo requirements for the 1004 Desktop/70D are the same as for the 1004/70.

Thanks for clarifying that. So every post I have made on this topic has (wrongly) assumed there were no interior pictures to be provided. Proves I have never done a desktop anyway.

So if something is MLS listed, 'most' required pictures would be there. This does create more of an issue WRT FSBOs though. Those will still need the homeowner to take all pictures.

Still unsure how these pictures OR the floorplan are supposed to be verified by a disinterested party though. Both the real estate broker AND the homeowner are obviously interested parties...

 

[alebrewer]

When are new forms coming out? Any clue?

They're out.

https://singlefamily.fanniemae.com/media/30346/display

 

[Zoe]

They're out.

https://singlefamily.fanniemae.com/media/30346/display

 

[DWiley]

When are new forms coming out? Any clue?

The form was released in July 2020.

 

[ramrcdk]

Perhaps I will inspect as a Realtor, and report as a Certified Appraiser. Two different entities earning a total fee that exceeds traditional reasonable & customary for a residential appraisal ????

Your POST does indeed bring UP a great question.
As an Appraiser, It was considered a No-No to complete BPOs. SO given the current State of Inspection,
can a Licensed Appraiser act ONLY as a Realtor and complete BPOs??
Sorta Twisted question?

It is a Given the generic "Realtor " tag IS used as a source for the 1004 (Hybrid)/ 70H, perhaps even IF IT IS NOT an actual Realtor.

HUMMMM via Google: The term REALTOR® is not only a trademark owned by NAR and protected by federal law, it's a valuable membership benefit that distinguishes members from other real estate licensees.

Well WHAT's Fannie gonna DO about that?? Font-it differently? REALtor?

 

[J Grant]

MLS does not inclu

There are photo requirements. The photo requirements for the 1004 Desktop/70D are the same as for the 1004/70.

Who is taking the photos?
MLS does not have rear and side photos of houses ( typically) and they almost never show repair issues.

Will the lender make sure the homeowner provides photos and a floorplan, or is appraiser expected to ask homeowner for these things ( and possibly coach homeowner over an iphone app ho to do it?)

 

[ramrcdk]

Desktop, Hybrids, and "THOSE type Products" OH MY

SOooooooooooo many FLAWS for SOOOOooooooo little TIME !!
OR...communication STOPS strife. BUT as was said,
Fannie is moving forward with no more communications. Hummm, we'll see about that.

We have been drug through a LOT over the years.
SAD to see this Modernization of the Appraisal Industry.

One Fact: If we stand together WE fall for nothing.
OR: If we all SAID NO will the Sky Really Fall...for real?
Reality: In unison, WE have never Stood Firm. So, protect your license, your livelihood as best YOU can. If it looks shady, JUST say NO and demand an UPGRADE.
Can you survive on the Fee and in working double-time to make up for what you've lost? SO, demand FULL FEE for your signature.
Then plan on Retirement BY year 5.

For me, I'm lucky. I'll be feeling the Sunset on my back and in my rear-view in 2022.

Side Note: NAR is a BIG FORCE. Reach out, let them know HOW you feel.

 

[ramrcdk]

MLS does not inclu

Who is taking the photos?
MLS does not have rear and side photos of houses ( typically) and they almost never show repair issues.

Will the lender make sure the homeowner provides photos and a floorplan, or is appraiser expected to ask homeowner for these things ( and possibly coach homeowner over an iphone app ho to do it?)

NOPE / YEP !!! 1004 (Desktop) /70D
or WHO THE HELL knows because THEY ain't clarifyin'? "Apparently Anyone of the """APPRAISERS CHOOSING""" ideally named in the Report."

FOR ME: Those I DID complete during COVID...with use of THE Exception
were a nightmare. (HIGHER than the Typical FEE & for good reasons) Took Dazes and Days. NOW adding a Floorplan!!
Bless those Borrowers that tried and tried and became frustrated because they were NOT tech' savvy OR old OR not at home OR had crying babies, Had Covid,
OR ....THOUGHT IT WAS OUR J-O-B, not theirs. NO ONE informed THEM of the twist! One Lady had never sent a photo via her phone EVER much less 30+ and ALL individual emails/photos, raw. Wrong email, twice.
Mostly, the quotes I received : "Are you NOT the Appraiser?, This is Time-consuming!, Will I get a discount off the Fee?"

A damnable Mess! WE are the Test Rats!

Asking for E&O insurer coverages & supplemental coverage for the next 5 years + 8 months
Since Fannie Mae, a GSE, private corporation chartered by Congress can be sued,
would we/peers also be named as a Party? The FORMS USE is mandated by GSEs, required per Instructions & Letters
to be fill-out Specifically per their instruction, including ratings (UAD) and Review Appraisals.
We pay to be included on their National Roster.
So where the lawsuit includes Form Requirements of describing the boundary area, deemed by instruction to include locational appeal to comparable- buyers and where the comparable sales are also located
ARE we being perceived as being discriminatory via using the Mandated Instructions/Forms?
Hard to wrap MY HEAD around this multi-level lawsuit. A black-hole.
Working RE has this enlightening article... also Posted as a recent AF Thread.