Hybrid Appraisals

[Terrel L. Shields]

If we can just quantify the property details and features, then we can create the algorithm that will accurately value the property. yeah, I get it.

 

[Mejappz]

Tell me again how this actually saves the consumer a dime and especially how it saves a single minute. I would think it no easier to finish one in 3 days from ordering the PDC, then expecting an appraiser to be sitting there ready to commence the moment that PDC hits our in box. Get real.


BS in, BS out. You'll be lucky to have 1 in the queue more than a few times a week let alone several. I mean face it. PDCs will cut down the number of appraisers needed. Then and only then will there be sufficient "work" to dedicate a lot of time to doing only desk work. One of the benefits of appraising is that you are not tied to a desk 8-10 hours a day. The inspection provides a break from desk work.

The fees? No one is paying $350 for a desktop hybrid - NO ONE. They are not even paying that for a 1004 if they can find a sucker to do it for $295 LESS tech fees (and that seems to be the standard offer here.) Since NWA is still blowing and going like its 2006, a lot of appraisers are rejecting those offers but a lot of appraisals are being done for under $400. I am sorry. But IT guy should BS his buddies and we'll lie to ours but the truth is no one is paying $350 for a hybrid appraisal and no one is cutting much time, if any, off the turn times.

It's all built on lies, as usual. Just got a revision for an appraisal I completed back in January. The AMC was practically harassing me to turn it around in 48 hours. Well, guess what? It's April, and the loan still hasn't closed. Classic. The revision is: Were the utilities on during the inspection.? Because, you know, a family of four likes to have utilities off during an inspection. Who would have expected that? It makes way more sense for them to live in the dark, without hot water and air conditioning, just to satisfy some paperwork. Brilliant logic at play here.

 

[ucbruin]

By now....
Shouldn't every appraiser have their canned verbiage already in their skeleton/clone report....
Such as: utilities were on at time of inspection....

 

[Surf Cat]

It's all built on lies, as usual. Just got a revision for an appraisal I completed back in January. The AMC was practically harassing me to turn it around in 48 hours. Well, guess what? It's April, and the loan still hasn't closed. Classic. The revision is: Were the utilities on during the inspection.? Because, you know, a family of four likes to have utilities off during an inspection. Who would have expected that? It makes way more sense for them to live in the dark, without hot water and air conditioning, just to satisfy some paperwork. Brilliant logic at play here.

Appraiser to confirm subject property does not have Chinese drywall.....

 

[Non Sequitur]

Appraiser to confirm subject property does not have Chinese drywall.....

Um, that's defective drywall. And for anyone who hasn't had the pleasure, the smell of match sticks is a big clue.

 

[glenn walker]

One of the forums great volume producers was Mr Los Angeles's he bragged about 150 appraisals a month
on his own and on another forum how
his team who lived in his home and garage did desktops and hybrids for $350.00 a pop.

The truth is his team were also cooks
and busboys at a two location Korean Barbecue restaurant and the fake appraisers were illegal Koreans whose employment included free rent in the 3,000 Sq.Ft. home and 600 Sq.Ft. 3 car garage.

There are no full fee desktops or data inspections outside of maybe some areas where the lender can't find anyone so I have to question who is giving the GSEs the examples of full fee data inspections?

Are the contracted AMCs cherry picking the fee samples? To hide the truth from apprasers or is Los Angeles County a population of 11 million just a losing State and County when it comes to fees because we can't find these high fee data collector's anywhere, or their hiding.

 

[Sadie]

Appraiser to confirm subject property does not have Chinese drywall.....

I Chinese drywall was mainly used in the south.

 

[Mejappz]

Appraiser to confirm subject property does not have Chinese drywall.....

That's a bad word now; just ask Scott.

 

[Non Sequitur]

I Chinese drywall was mainly used in the south.

My area got nailed with "defective" drywall after Hurricane Katrina (per lenders Chinese drywall was a no-no word). What a mess, I can't tell you how many people rebuilt with that stuff. And it stunk to high heaven.

 

[glenn walker]

That's a bad word now; just ask Scott.

I observed no made in China lables on the drywall and that's confirmed...lol