Hybrid Appraisals

[Mejappz]

https://twitter.com/x/status/1905358459379278214

 

[Mejappz]

These are the people who want to take over the appraisal industry absolute nut jobs.

 

[BRCJR]

Ask many lenders and they will tell you it is usually the title work they await for a loan closing.

The appraisal push in many cases is BS.

Order the appraisal earlier in the process.

Lenders that know what they are doing understand their markets, all aspects of it. This includes typical turn times.

Plain and simple, when others take the time to understand the process from application to closing.

 

[shrubberyvaluation]

And, when we are required to make (new URAR); adjustments, recommendations, observations, sketches, conditions, etc. in a driveway or yard, I think the Rush to upload anything will devalue the report. I "think about my report" before I upload to make sure it's correct. A whole 24 hours....What's with the speed thing? Most of my contemporary's produce a credible report in 3-4 days (simple, suburban reports). What is the delay....? The UW and the AMC, adding 2-5 days of useless conditions. We will now right a report in our car and upload before driving away.

AMC needs a week or 2 to shop it around to the cheapest appraiser.

 

[shrubberyvaluation]

Who is pushing for that?

FNMA

 

[DWiley]

FNMA

Citation? I meet with their UAD team several times a week (including twice today), and I have never heard that.

 

[Mejappz]

Citation? I meet with their UAD team several times a week (including twice today), and I have never heard that.

Ask Scott and the gang of six he had breakfast with today. Would you like an engagement letter from them? 24 hours for desktop and 48 hours for a full 1004, regardless of complexity.

 

[Mejappz]

Fast-forward to the three-minute mark to avoid too much of Bradford's girly voice.

NightHawk™ - Appraising Reimagined | Bradford Technologies, Inc.

www.bradfordsoftware.com

 

[shrubberyvaluation]

Citation? I meet with their UAD team several times a week (including twice today), and I have never heard that.

The person here who claims to be from FNMA says they want quicker turn times.

 

[Terrel L. Shields]

The person here who claims to be from FNMA says they want quicker turn times.

But they don't explain why that is more important than doing it right.