Hybrid Appraisals

[glenn walker]

Yes, GSEs take this risk.

Yes, because non-agency takes the credit and overvaluation risk.

It hasn't dropped, it is just absorbed by the taxpayer, with little transparency.

10% underwater is better than 20

Nope you still have a empty property's that in my area are vandalized or homeless move in and your 10% quickly becomes 30% or worse. That's why at least in my area we rarely see empty REOs or even trustee sales with good deals. The lenders just do short sales or loan forbearance to keep someone living in the house. The REO world out here at least just doesn't operate like it did 20 years ago.

 

[J Grant]

You been to the doctor lately? That's pretty much what happens. You only see the doc a brief few minutes after the non-designated nurse does the rest. They go thru the check list, they run the wellness check. When is the last time a real doctor or even a PA checked your blood pressure? It's just a junior nurse.

It is still a licensed nurse under the doctor'ss supervision who takes the blood pressure, not a random person who took a fast course -and who the doctor never meets or talks to or supervises.

 

[shrubberyvaluation]

They are being offered at $120.00 with a 24-hour turnaround. However, you have not addressed how these are being unfairly distributed among staff appraisers, raising serious concerns about potential violations of antitrust laws.

What do people do when they call realtors to verify information and they get a call back days later, or they have to verify something with the government?

 

[DWiley]

Where is the comparison> Your endocrinologist is reviewing the data, not some third party person.

( I have no idea why this line shows up and can not delete it, sorry about that-

In a hybrid it it the appraiser who takes that data from a third party source and does the analysis. The data collector does not derive a condition rating or do any value development. So, it is actually very similar - except the doctor does not need a data collector because the technology does it all. I think data collection for homes will eventually evolve into the same process; the technology will be so good that a data collector is not needed.

 

[shrubberyvaluation]

Anyone experience working for Mueller Reports?​

I just had a virtual interview with Mueller Reports and apparently passed the first round. The interviewer said I would receive an email later with instructions to take an exam.

Does anyone have any experience with this company? Is it a scam of sorts? If not a scam, is it decent to work for the company? Any advice would be appreciated.

"I worked for them for over two years, and it was the worst job I've ever had in two decades in the workforce. The job itself is easy. But you put hundreds of miles on your personal vehicle a day, you're micromanaged by people that have literally never done your job but insist on telling you ways to do it better (but don't know how), there is zero training. You're not reimbursed for equipment they USED to provide to you, but now require you to purchase yourself. They dangle a "bonus" if you're fast and efficient enough, that I've never heard of anyone receiving.

The upper management rotates on a 90 day basis. Not a single week went by that we didn't recieve a new email introducing a new executive to replace the previous one that got out ASAP.

We were lied to during Covid lockdowns and told we were essential, and when asked for documentation to provide as proof of being an essential employee during quarantines, they told us to just Google one and print it out, and we'd be fine.

First day I was told "You WILL be chased by dogs. Learn to run, or jump fences." My second day on the job I was bitten by a pitbull. They don't contact the people whose homes you're inspecting, so more than once I had someone pull a gun on me, understandably, because a complete stranger was wandering through their yard taking pictures of their house. The company claimed every time they made contact, but they never actually had. The person who referred me to the company had their leg shredded by a pitbull during an inspection, and the companies response was "You don't have insurance, you know that, right?" and not to worry, they would make sure that the pitbull was put down.

I have hours and hours worth of horror stories from that hellscape. They won't be in business for much longer."

...

 

[Terrel L. Shields]

It is still a licensed nurse under the doctor'ss supervision who takes the blood pressure,

I've never met my doctor. Yes, they have some training. Then a (PA - Physicians Assistant) takes over. She is supervised or whatever by a real doctor but again, I would not know him if I met him in the street.

 

[shrubberyvaluation]

In a hybrid it it the appraiser who takes that data from a third party source and does the analysis. The data collector does not derive a condition rating or do any value development. So, it is actually very similar - except the doctor does not need a data collector because the technology does it all. I think data collection for homes will eventually evolve into the same process; the technology will be so good that a data collector is not needed.

Maybe, I haven't done one, does the data collector at least show the condition and quality in some way of the major components?

 

[glenn walker]

If appraisers ran a car company they would have one guy assemble it and proudly say it was hand made. Delivery time 24 month's from order......lmao

 

[Terrel L. Shields]

In a hybrid it it the appraiser who takes that data from a third party source and does the analysis.

Quoting directly from a website

Hybrid Appraisal: In this process, two house appraisers are involved, one does the assessment and the other analyzes the comps.

What the home owner thinks they are getting and what they really are getting isn't the same.

 

[ucbruin]

Maybe, I haven't done one, does the data collector at least show the condition and quality in some way of the major components?

What does this even mean....