Hybrid Appraisals

[chad hampton]

Don’t overthink it, the policy makers at the GSE‘s and the heads of the AMC‘s all run in the same circles. Theyre best friends on LinkedIn. At the conferences, they meet for steak and bourbon and your appraisal fees pay for it. They’re not happy with a 20% cut to manage the process, which is already excessive, they’re going for 100%. Wouldn’t surprise me if they were kickbacks all over the place. This might be a more corrupt profession than loan officer at this point.

 

[J Grant]

Creating an imaginary world may work for fighting stress, but it vastly distorts real life. What's important is being able to understand the difference.

What imaginary world? I reported what was fact at that time - and have read similar from other appraisers with non AMC lender clients during that time wrt they/we did not raise fees since we are well paid whether it is busy or slow. They would offer a bonus for fast delivery or fee quoate special orders.

 

[Mejappz]

Don’t overthink it, the policy makers at the GSE‘s and the heads of the AMC‘s all run in the same circles. Theyre best friends on LinkedIn. At the conferences, they meet for steak and bourbon and your appraisal fees pay for it. They’re not happy with a 20% cut to manage the process, which is already excessive, they’re going for 100%. Wouldn’t surprise me if they were kickbacks all over the place. This might be a more corrupt profession than loan officer at this point.

LOL, you're right! It's like a big, fancy club where the only rule is "no one actually works, but everyone gets paid." The LinkedIn connections must be through the roof! Steak, bourbon, and your appraisal fees — sounds like the ultimate "how to live the dream on someone else's dime" playbook. Honestly, if this gets any more corrupt, they’ll probably start asking for a "VIP Access" fee just to attend the meetings!

 

[Non Sequitur]

STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser’s certification in this report is subject to the following assumptions and limiting conditions:

3. The appraiser has relied on data provided by third-parties in this appraisal report. Such data may include, but is not limited to, flood maps, multiple listing real estate services, tax assessment records, public land records, satellite imagery, virtual street views, property data services, surveys, engineering reports, and property data aggregations. After examination of the data and data sources, the appraiser has used only the data he or she considers reliable. The appraiser makes no guarantees, express or implied, regarding the accuracy of this data.

Fannie could have, but didn't, specifically mention subject sketches, subject photos, site conditions, neighborhood influences, etc. collected by a third party for specific use in the assignment. If an appraiser sent a trainee out he/she would have to disclose/identify the significant assistance, glossing over that because a third party collected the data isn't flying with a majority of appraisers.

I appreciate the interaction but really don't understand how you and others at the GSEs can't "read the room" whether it's on social media or at classes/conferences. And it isn't just here on the forum, see below a recent LinkedIn post. And I hope you don't take offense, but independent residential appraisers aren't happy with any of this mess.

 

[TC]

. I just told a portal client my fee would be higher to trust a third party or vested interest party (agent) inspection. Even it if was TC!

Ah, your mother wears army boots! I do each inspection like it's an FHA. BUT, I would never risk my license by completing an appraisal of a property I didn't inspect.

 

[TC]

Since the appraiser doesn’t engage the third party real estate agent, uber driver, etc. how is that a surprise?

I keep hearing that Uber drivers are performing hybrid inspections. Can anyone confirm if they actually know one?

 

[TC]

I'm doing my Zoe impression.

 

[Non Sequitur]

I keep hearing that Uber drivers are performing hybrid inspections. Can anyone confirm if they actually know one?

https://www.reddit.com/r/uberdrivers/comments/1bvto2t/additional_revenue_opportunities_for_rideshare

Then search the two companies mentioned, they both offer a wide range of exterior and interior products.

 

[Mejappz]

The public trust never had so good.

 

[TC]

https://www.reddit.com/r/uberdrivers/comments/1bvto2t/additional_revenue_opportunities_for_rideshare

Then search the two companies mentioned, they both offer a wide range of exterior and interior products.

Those are not inspections; they are merely drive-by photos. There is a significant difference. Is training or certification necessary to take a photo of a house?