Hybrid Appraisals

[shrubberyvaluation]

If anyone is curious how “professional” the professional data gathers are, you need only join one of the Facebook groups where they gather to discuss the finer points of USPAP and how to cut corners. Ten minutes of reading their posts will tell you all you need to know about that part of the AMC sausage.

Don't have first hand knowledge but there are tons of stories like this one below. How hard can it be to gather objective facts? Its just a house we are told. I can tell you most realtors would miss at least some things even with a checklist. Add in the fact they don't have liability so who cares how thorough they are. I can't ask the PDC what the siding is, and I can't imagine they will allow them to just be upgrade to full appraisals anytime this happens.

 

[glenn walker]

If anyone is curious how “professional” the professional data gathers are, you need only join one of the Facebook groups where they gather to discuss the finer points of USPAP and how to cut corners. Ten minutes of reading their posts will tell you all you need to know about that part of the AMC sausage.

Bobby in large metro population centers like Los Angeles and cities or counties of a million or more people 85% of residential apprasers orders come from the largest AMCs. So do the data inspectors but the lender ir AMC isn't telling apprasers or data collectors how to cut corners that's always been done by people in our profession.

Back in 1985 the S & L literally handed new apprasers a cheat sheet and book of adjustments. The Chief appraiser often a SREA now MAI trained which boxes to never check and underwriters gave heads ups on how to pass review.

The only differences is that was internal trade secrets where now there's forums where folks share how to game the systems.

The license never made people more honest it just increased the penalties if one got caught.

 

[shrubberyvaluation]

View attachment 98788

Another satisfied customer, if only they got a hybrid.

 

[ucbruin]

"Back in 1985 the S & L literally handed new apprasers a cheat sheet and book of adjustments. The Chief appraiser often a SREA now MAI trained which boxes to never check and underwriters gave heads ups on how to pass review."


And things went swimmingly....

 

[J Grant]

I am too lazy to be a CDC collector and drive and do all that work for a $75 fee

If hybrids become a norm, I might do the desk part if the fees were decent - whether it would be worth it to keep a license in that scenario, idk. My hybrid results would be as compromised as the next peer appraiser since none of us would see the subject in the brave new world of "efficiency" .

 

[shrubberyvaluation]

Bobby in large metro population centers like Los Angeles and cities or counties of a million or more people 85% of residential apprasers orders come from the largest AMCs. So do the data inspectors but the lender ir AMC isn't telling apprasers or data collectors how to cut corners that's always been done by people in our profession.

Back in 1985 the S & L literally handed new apprasers a cheat sheet and book of adjustments. The Chief appraiser often a SREA now MAI trained which boxes to never check and underwriters gave heads ups on how to pass review.

The only differences is that was internal trade secrets where now there's forums where folks share how to game the systems.

The license never made people more honest it just increased the penalties if one got caught.

Correct, you can claim independence all you want. You can tell FastApp you are independent til you are blue in the face, but you won't get any work unless you got a nice rubber stamp ready. Then you claim, why aren't appraisers more ethical, well those ones didn't get work.

 

[shrubberyvaluation]

But Robin Fannie and Freddie disagree with you on Class; they are one of the anointed ones.

View attachment 98787

To be fair on this one, this isn't really a black eye on them. I won't turn on the water either for liability reasons. Can't imagine that appraiser wanted to go back out for the $40 Class probably paid him to go back.

 

[ucbruin]

I am too lazy to be a CDC collector and drive and do all that work for a $75 fee

If hybrids become a norm, I might do the desk part if the fees were decent - whether it would be worth it to keep a license in that scenario, idk. My hybrid results would be as compromised as the next peer appraiser since none of us would see the subject in the brave new world of "efficiency" .

Decent fees aren't professional fees....
Hybrids maybe better than cleaning up pet poop....

I'm just messing with you J....

 

[Terrel L. Shields]

Hybrids maybe better than cleaning up pet poop....

You can make more money picking up chicken poop... A truck load of chicken litter costs $75 a ton. The **** hauler pays the chicken farmer $15 a ton. A truck usually hauls about 7 tons - $420 a load. About the same as a truck load of gravel for my driveway with the same sized truck. Depending upon how far they have to drive, they can truck and scatter $3-4,000 worth of litter in a day.

 

[ucbruin]

I'm way too dainty for that....