Hybrid Companies and USPAP

[glenn walker]

Their coordinators assigned an FHA inspection to a trainee and scheduled it for them, the only reason it didn’t end up happening is because I caught it the day of and had them assign it to me to inspect. I wouldn’t have completed it regardless had it come through that way, but it’s as bad as I’m saying Glenn.

I was told verbally by a manager that I could just “send a comp photo route to my trainee” for FHA work. I’m not a spring chicken, I’ve been appraising for 12 years, but they reached out and I was curious about their operation. I’ve only been here a few weeks.

QUIT and report what you know.

 

[Carnivore]

WE had this Clown in NC and he got caught, so it does happen

James M. Studeman A5321 (Blowing Rock) Following a hearing, the Board revoked Mr. Studeman’s residential certification. Mr. Studeman was a certified residential real estate appraiser in the State of Florida until September 2007, when his certification was revoked. He had an appraisal practice in Florida, in which he also supervised trainees. The State of Florida issued an Administrative Complaint to Mr. Studeman in 2007 that contained 72 allegations of material fact. The Florida complaint involved seven appraisals of properties located in Florida. Mr. Studeman appeared at a hearing, without counsel, before the State of Florida on June 5, 2007, and the State of Florida issued its decision on September 13, 2007. In its decision, the State of Florida found that Mr. Studeman failed to provide direct supervision to his trainees and violated State of Florida rules by failing to sign and put his certification number on the trainees’ appraisal experience logs. He also signed at least seven appraisal reports certifying that he did inspect the interior and exterior of the subject properties and the exterior of the comparable sales when in fact his trainees had done so, and he had only reviewed photographs of the subject properties. Mr. Studeman was also found to be guilty of misrepresentation, failure to exercise reasonable diligence in developing an appraisal report, and failing to retain copies of the appraisals and work files of reports performed by his trainees. He failed to note a trainee’s assistance in an appraisal report, and made several mistakes on reports regarding adjustments, sales histories and subject descriptions. He was also found guilty in Florida of violating the Ethics Rule and Standards 1 and 2 of USPAP. Based on those findings, the State of Florida revoked Mr. Studeman’s certification and ordered him to pay a $10,000 administrative fine within 30 days of the filing date of the order. Although Mr. Studeman was present at the hearing in Florida and heard the decision to revoke his certification, he did not notify the Appraisal Board that his Florida certification had been revoked. He admitted in the hearing on November 18, 2008 in North Carolina that he did not personally inspect the subject properties and that he had signed certifications on each appraisal report stating that he had done so. Mr. Studeman asserted that viewing photographs is equivalent to a personal inspection of a subject property. This assertion is without merit.

 

[Sadie]

I’m not disgruntled Glenn, I’m merely shocked and looking for guidance and support here.

Quit. Protect your self.

 

[Dublin ohio]

No matter above board you are. It might be very likely you could get caught up in the resulting sheit storm if they were ever investigated. Time to exit stage left.

 

[NC Appraising]

Home - RSDS Appraisal Diversity

RSDS Appraisal Diversity was created to help solve a 30+ year problem in the appraisal profession: barriers to entry. The current system has created a labor

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[djd09]

If that is truly the case than I can assure you that the GSEs would be VERY interested - especially their AQM and fraud teams

what the gse's dont know fraud is happening right under their noses what a bunch of clueless dum dums

 

[Tiffany Gibbons]

Their coordinators assigned an FHA inspection to a trainee and scheduled it for them, the only reason it didn’t end up happening is because I caught it the day of and had them assign it to me to inspect. I wouldn’t have completed it regardless had it come through that way, but it’s as bad as I’m saying Glenn.

I was told verbally by a manager that I could just “send a comp photo route to my trainee” for FHA work. I’m not a spring chicken, I’ve been appraising for 12 years, but they reached out and I was curious about their operation. I’ve only been here a few weeks.

Since they have FHA case numbers, shouldn't FHA compliance be an issue? I don't do FHA right now, but I'm on the list in case I have a VA that later goes FHA but I'm only approved for MY state my license is in. I had to submit my license to get on it.

 

[Tiffany Gibbons]

Home - RSDS Appraisal Diversity

RSDS Appraisal Diversity was created to help solve a 30+ year problem in the appraisal profession: barriers to entry. The current system has created a labor

rsdsllc.com

?? Got a text offering bigggg money to take on trainees.

Expose this company....shine the light on these roaches.

One of their 20 newly graduated trainees is in Paris, France! Apparently, you don't even have to be in the same country, let alone state.

 

[NC Appraising]

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[Terrel L. Shields]

What’s ya’lls opinion on these Appraisers not even being located within the state they’re providing standard GSE 1004s for? I talked to an Amrock review appraiser years ago who said he was reporting several appraisers to the state for doing something similar.

Well... I live on a state line and have 3 states within 20 miles - so why am I 'incompetent' simply crossing lines. And if the GSEs are accepting 1004s from distant appraisers??? Are you sure these are 1004s? I mean that does not sound like the regular 1004 I am familiar with... So the first thing I want to know is where are these reports going to. I seriously doubt it is a GSE. If for a private hedge fund or private bank- I suppose they can use trainees, appraisers, or the village idiot.

The appraiser must, at a minimum: (1) perform a complete visual inspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and​