Hybrid Appraisals

[Fritz in NY]

$ 265. for a 1004. Hit delete and block.

 

[chad hampton]

I haven’t seen one that was credible and not misleading yet. So I don’t know if USPAP addresses those issues or not.

 

[Ca Ar Independent]

From a friend:

 

[Non Sequitur]

From a friend:

View attachment 108331

Oh come on, y’all are missing a boat! You can make hundreds of thousands of dollars from the comfort of your home with hybrids and desktops! It’s the future! Modernization!

BTW, thanks for posting the truth.

 

[George Hatch]

I haven’t seen one that was credible and not misleading yet. So I don’t know if USPAP addresses those issues or not.

Do you think an appraiser who is as good as you is capable of doing credible and not misleading on one of these?

 

[Surf Cat]

Per AMC staff whom are not appraisers.... you can do these in an hour.

 

[J Grant]

I wonder if USPAP will develop an opinion on appraisers and their responsibilities concerning a PDC data collection.

This is uncharted territory of an influx of non-appraisers into the appraisal process. When USPAP was written, they probably never conceived of such a thing. USPAP addressed inspections with regard to trainees and significant appraisal assistance, or cites that an appraisal can be done with no inspection. Assignment conditions dictate an inspection.

A PDC collection is used as a proxy for an inspection and, therefore, is relied on by the appraiser to a greater extent than reliance on MLS or public records when no inspection is called for. Seems like USPAP would need to address it at some point.

 

[TC]

Per AMC staff whom are not appraisers.... you can do these in an hour.

I'm thinking eventually AI will complete the appraisal and an inhouse AMC appraiser will sign off on it.

 

[chad hampton]

I wonder if USPAP will develop an opinion on appraisers and their responsibilities concerning a PDC data collection.

This is uncharted territory of an influx of non-appraisers into the appraisal process. When USPAP was written, they probably never conceived of such a thing. USPAP addressed inspections with regard to trainees and significant appraisal assistance, or cites that an appraisal can be done with no inspection. Assignment conditions dictate an inspection.

A PDC collection is used as a proxy for an inspection and, therefore, is relied on by the appraiser to a greater extent than reliance on MLS or public records when no inspection is called for. Seems like USPAP would need to address it at some point.

There was an interior appraisal inspection done. The appraiser is responsible. I haven’t read one guidance document from a state yet that has said otherwise.

I don’t know if states give a **** about public trust anymore, but they’re supposed to. And if a member of the public complains about something during their appraisal inspection, the state can’t tell them “too bad, We don’t have control over that. “

Now the usual suspects will try to puke a bunch of words onto their screen to make it sound otherwise, but in the end you’re responsible.

 

[Essexfenwick]

I'm thinking eventually AI will complete the appraisal and an inhouse AMC appraiser will sign off on it.

I'm thinking AI will complete 98 percent of lending appraisals at no cost to the borrower and 2 percent of strategically targeted sales will get a data entry from the listing agent for a fee since they are already in the house before it sells.
AMCs cut out of the lending appraisal business.

Appraisers will still do legal and complex private work where credentials and total commitment will be required