Hybrid Appraisals

[J Grant]

The marketplace for appraisal services. The buyers and sellers of appraisal services.

Not the grocery store or the stock market.

I get it, believe me. The buyers are the AMC since a lender would not want to bother with a hybrid. and having to find a PDC collectdo and having to find an appraiser, what would they want that extra work for?

The same corrupted AMC market with a strong GSE alliance present for other res mortgage work -

 

[J Grant]

I addressed this in a previous post, but I will do it again. YOU can hire a bunch of trainees to do PDCs. You would go through the same vetting process every other company does. Once you are through that process, you can start receiving orders and doing PDCs with those trainees. Send me a message and I can get you started on Monday.

I’m in favor of removing that requirement given the technology, photography and prevalence of available data today. The current 1004 form language doesn’t give us much flexibility there, but the new UAD does.

Have you personally done a hybrid and relied on third-party data?

If you were an independent fee appraiser, would you feel the same way as the argument you present here?

Sure it gets us out of traffic and saves drive time, but with income down 1/3- 3/4 not a trade off most want -and it severs us from being immersed in the feidl, the very market that we are supposed to be experts in

 

[ucbruin]

If I were to become a Property Data Collector....
Then MA appraisers may be upset....
But 48 other state appraisers needn't worry about me....
I'm not coming to FL....

 

[J Grant]

If I were to become a Property Data Collector....
Then MA appraisers may be upset....
But 48 other state appraisers needn't worry about me....
I'm not coming to FL....

Go ahead and do it - MA appraisers won't be upset, you will be one more loser putting in fees to hopeull get a random PDC order here and there - competing with RE agents and property insperos for REO companies and any moonligher looking for extra cash-

I'd rather work in a pet store if it came to that, work part-time, and at least see animals and have steady hours, and the low stress vs low pay makes sense.

 

[Joe Flacco]

They don't see increased risk because they are measuring the change risk based on default rate. It's really stupid. I don't know if these people at the GSE are full blown idiots or if they are intentionally misleading. It is one or the other.

 

[George Hatch]

I get it, believe me. The buyers are the AMC since a lender would not want to bother with a hybrid. and having to find a PDC collectdo and having to find an appraiser, what would they want that extra work for?

The same corrupted AMC market with a strong GSE alliance present for other res mortgage work -

You need to apply more logic to the issue. The term "middleman" has a meaning.

The lender orders the hybrid from the AMC, which then fulfils that order. The loop starts and ends at the lender. They initiate the order and they use the workproduct that results.

 

[Zoe]

If I were to become a Property Data Collector....
Then MA appraisers may be upset....
But 48 other state appraisers needn't worry about me....
I'm not coming to FL....

Your killing me. Are you even competent to do what your ranting about?

You do humor me. Your good at that. You have a certain charm about you. I am not sure what the charm is yet however..................

 

[George Hatch]

They don't see increased risk because they are measuring the change risk based on default rate. It's really stupid. I don't know if these people at the GSE are full blown idiots or if they are intentionally misleading. It is one or the other.

IMO that's a good explanation that bears some elaboration for some of our slow readers.

 

[J Grant]

You need to apply more logic to the issue. The term "middleman" has a meaning.

The lender orders the hybrid from the AMC, which then fulfils that order. The loop starts and ends at the lender. They initiate the order and they use the workproduct that results.

I know everything you post before you post it on these threads. IDK why you show up on these threads and lecture people about simple terms like a middleman is or to echo the talking points the GSEs make to rationalize these products.

These products are only needed in the volume spikes yet they are being expanded to be used all the time and clearly profit one set (the AMC companies.)

 

[Zoe]

If I were to become a Property Data Collector....
Then MA appraisers may be upset....
But 48 other state appraisers needn't worry about me....
I'm not coming to FL....

Is Joan Trice your mother? It will explain it all. LOL