Hybrid

[J Grant]

GH Oh yeah, and guess what? Had the lenders all been forced to go to direct engagement like we wanted back then they still would have gotten around to using automated systems to pit an oversupplied appraiser population against each other in Thunderdome-style "standard fee" bidding

Why would the use an automate system todo that, if there is no profit for them in getting a lower fee? The borrower covers the appraiser fee so lenders don't give sh** if one appraiser charges $25 less than another and borrowers don't care much either..

The ONLY reason this is done is on AMC side and because the AMC keeps the difference as incentive to pay an appraiser less as doing so generates a larger profit margin. If a lender can not keep a dime of the fee split they have no reason to pit over supply of appraisers against each other to get a lower fee...then or now as direct order lenders now don't engage in that practice.

Why do you refuse to acknowledge this most basic truth?

 

[timd354]

That strikes me as unlikely, particularly in light of SR2-3 requirements.

It is more than unlikely, it is simply not going to happen. I have seen the form used in one of the fannie Pilots, and the SOW statement in the form clearly states that the appraiser did not inspect the property and is relying on the photographs, measurements and other infromation provided by the property inspector.

 

[ucbruin]

I've completed only 3 and I don't recall having sketch provided

 

[George Hatch]

I can't believe this thread is going. TAF answered the questions. Of course an appraiser can do anything they want, i never seen otherwise, but they are responsible for their actions.

Point blank. You sign it, you bought it. No scoping away responsibility.

Which now begs the question , who really needs an USPAP class? Chief???

What you own is what you do, which includes your decision to use someone else's data and/or assistance.

 

[djd09]

Isn't that what i said. But

Not credible is not credible.

It only takes one faulty inspection. Roll the dice.

 

[Terrel L. Shields]

This is your "inspection"

 

[Eli]

Isn't that what i said. But

Not credible is not credible.

It only takes one faulty inspection. Roll the dice.

Now you see where Phil Crawford and Peter with Lia are going. Different avenues but same. Public trust. Peter is concerned about his insured. Phil is going for the jugular.

 

[djd09]

Opps. County 3,600 , djd the appraiser 4,700. Big Data Fail. Roughly a 87,000 dollar difference.

 

[chad hampton]

$25? Is that the bonus? Surely not a real fee.

"hybrids", "bifuricated", or whatever other buzzword of the day people like to use to sound smart won't exist very long even if they ever do amount to anything real. Appraising is already barely a livelihood at "full" fee, it goes away all together if the fees go any lower.

It's an economic thing. I don't know any serious appraiser that values their license that will sign their names for $25.

I know some people on this board that maybe couldn't cut it as an appraiser have agendas and want the profession to go away. It's human nature I suppose. It's fun to watch.

 

[J Grant]

George Hatch -Oh yeah, and guess what? Had the lenders all been forced to go to direct engagement like we wanted back then they still would have gotten around to using automated systems to pit an oversupplied appraiser population against each other in Thunderdome-style "standard fee" bidding

That is a lie, because lender who direct engage NOW don;t pit an over supply of appraisers against each other in "standard fee" bidding. They pay a standard C and R rate to their panel

Only the AMC;s pit appraisers against each other in bidding, and the reason they do it is because they profit by paying the appraiser less.