Hybrid Appraisals

[George Hatch]

That sums it up nicely, and I no longer have to spend time countering tech caused it or that appraisers caused it back in the day by hiring too many trainees. Both of those are minor contributors.

That's a dishonest way of characterizing what I actually said. Especially after how many times I have told you otherwise.

Just to reiterate for the record (because you are unwilling or unable of ever acknowledging what I actually say)

• tech-enabled doesn't mean tech-caused. At all. Not in 2005 and not in 2025.
• appraiser-enabled in 2005 doesn't mean appraiser-caused in 2005, either

 

[glenn walker]

They still have more qualifications than a PDC collector and operate under supervision. Just saying.

Not a good comparison we don't know the individual skill sets any PDC inspector has or doesn't have.

My guess is many termite inspectors may incorporate it into their menus, trade people, carpet installers, realtors, there are many that could quickly learn how to do them.

It's disingenuous to paint a false narrative. A License is no guarantee of knowledge or skill. But classes should be and are becoming available and my guess is many trades will enter the profession.

 

[J Grant]

Not a good comparison we don't know the individual skill sets any PDC inspector has or doesn't have.

My guess is many termite inspectors may incorporate it into their menus, trade people, carpet installers, realtors, there are many that could quickly learn how to do them.

It's disingenuous to paint a false narrative. A License is no guarantee of knowledge or skill. But classes should be and are becoming available and my guess is many trades will enter the profession.

I only answered the comparison to a radiologist you made.

The rote tasks of a PDC collector is not the problem -assume they learn to use a camera and the floorplan app. The issue is separating the appraiser from the inspection, and a third party's notes and photos are not the same as firsthand observation.

 

[glenn walker]

I only answered the comparison to a radiologist you made.

The rote tasks of a PDC collector is not the problem -assume they learn to use a camera and the floorplan app. The issue is separating the appraiser from the inspection, and a third party's notes and photos are not the same as firsthand observation.

The radiology tech X Rays me then it goes to the Radiologist MD....he reads the X Ray and sends his findings to the patients Primary Physician.

Replace the X Ray Technician who only snaps the X Ray photo with the PDC inspector, she snaps photos of subject and does messuring. You the Appraiser and review the photo's and inspection and determine the final opinion of value. The PDC inspector is the X Ray Tech and your the Radiologists placing finalconclusion of whats on the X Ray. Your PDC inspector is just an outside assistant someone else hired.

 

[glenn walker]

I only answered the comparison to a radiologist you made.

The rote tasks of a PDC collector is not the problem -assume they learn to use a camera and the floorplan app. The issue is separating the appraiser from the inspection, and a third party's notes and photos are not the same as firsthand observation.

Your argument is simple you don't want any seperation in the appraisal process which means you don't support hybrids or alternative product's.

That's okay the lenders and AMCs won't send them to you because you can Opt Out. Problem solved and now we move on. Your business models menu can be updated listing the types of reports you accept.

 

[J Grant]

The radiology tech X Rays me then it goes to the Radiologist MD....he reads the X Ray and sends his findings to the patients Primary Physician.

Replace the X Ray Technician who only snaps the X Ray photo with the PDC inspector, she snaps photos of subject and does messuring. You the Appraiser and review the photo's and inspection and determine the final opinion of value. The PDC inspector is the X Ray Tech and your the Radiologists placing finalconclusion of whats on the X Ray. Your PDC inspector is just an outside assistant someone else hired.

The doctor asks for a radiology assistant service -

I did not ask for somebody else to take the inspection. My problem is not with the people who do PDC inspections or even with whether they do a good job (I assume they do for debate sake ).

The issue is that third-party data is not the same as personally inspecting the subject, which includes the site, relation to neighborhood, the comps, and having the opportunity to talk to someone on site who is knowledgeable about the property or area.

 

[glenn walker]

The doctor asks for a radiology assistant service -

I did not ask for somebody else to take the inspection. My problem is not with the people who do PDC inspections or even with whether they do a good job (I assume they do for debate sake ).

The issue is that third-party data is not the same as personally inspecting the subject, which includes the site, relation to neighborhood, the comps, and having the opportunity to talk to someone on site who is knowledgeable about the property or area.

I understand you don't like it just like some wont do drive byes or desktops or Evaluations because they believe only a traditionally done full appraisal on the 1004 is accurate and reliable.

No argument with those folk's simply don't accept orders on anything but full appraisals with you doing it all.

The opinions the PDC is a bad product has some credible argument's but that Ship Sailed once the lender's and GSEs got on board.

Now folk's have to make a business decision can they generate and sustain themselves income wise into the future having only a Big Mac but no other choices on the menu. ?

 

[George Hatch]

The doctor asks for a radiology assistant service -

I did not ask for somebody else to take the inspection. My problem is not with the people who do PDC inspections or even with whether they do a good job (I assume they do for debate sake ).

The issue is that third-party data is not the same as personally inspecting the subject, which includes the site, relation to neighborhood, the comps, and having the opportunity to talk to someone on site who is knowledgeable about the property or area.

On the one hand you're right - "less is not equal; less is always less". On the other hand "less is sometimes sufficient to purpose".


The Prime Directive is "meaningful and not misleading to intended users". Not "meaningful to the appraiser". They buy, we sell. Not the other way around.