Hybrid

[George Hatch]

Regardless of whether or not an AMC is involved in a mortgage transaction the lender is still charging the borrower for the procurement, review and management of appraisers. Those services never get performed for free. How they're allocated or labeled will vary, but not the effect. In the case of the "appraisal fee" nomenclature, if a different term such as "appraisal package" or "valuation services" were used to encompass everything related to the appraisal the effects of who pays and who gets what would remain the same. All that changed was the label.

I'd like to see the disclosures broken out separately, if for no other reason than to settle the controversy of whether it makes a difference to most borrowers or not.

But once again, this complaint speaks directly to the decisions being made at the lender level, not at the AMC level. The lenders have the freedom to make the separate disclosures but many have chosen not to. So why that gets blamed on the AMCs makes no sense.

 

[Sadie]

Everyone needs to calm down. USPAP does not require a physical inspection. It all goes back to disclosure. If you don't feel comfortable doing these, don't.

 

[Riick]

Just finished reading an email from a Corapolis AMC.

Their latest things are
(a) Hybrid Inspection - You, the appraiser, can make an appointment, drive to the the subject property, and as an inspector, inspect the interior and exterior, and environs, and input (via their "App") the inspection data and photos of the property.
Proposed Fee: $60

(b) Hybrid Desktop - full FNMA 1004 (URAR), Cert modified to "Did Not Visually Inspect"
Proposed Fee: $100

(c) Non-Hybrid 1004 (URAR) - Make contact with homeowner/agent and attempt to set up appointment:
Time limit: Within 4 <business> HOURS

G.D bless them, and keep them, far away.
Won't comment on the proposed fees since I no longer want a career as King of Comedy.

 

[djd09]

I love the selective USPAP readers. Credible? Substantial Errors? Don't worry about those minor details. The State Boards has your backs.

 

[timd354]

Just finished reading an email from a Corapolis AMC.

Their latest things are
(a) Hybrid Inspection - You, the appraiser, can make an appointment, drive to the the subject property, and as an inspector, inspect the interior and exterior, and environs, and input (via their "App") the inspection data and photos of the property.
Proposed Fee: $60

(b) Hybrid Desktop - full FNMA 1004 (URAR), Cert modified to "Did Not Visually Inspect"
Proposed Fee: $100

(c) Non-Hybrid 1004 (URAR) - Make contact with homeowner/agent and attempt to set up appointment:
Time limit: Within 4 <business> HOURS

G.D bless them, and keep them, far away.
Won't comment on the proposed fees since I no longer want a career as King of Comedy.

I would not work for those fees and if enough appraisers do not work for those fees, then the AMC's would be required to pay a higher fee. However, that is a different issue from whether or not USPAP requires the appraiser to complete the property inspection or whether a property inspection is required at all and I suspect that if $150 was being offered for the inspection and $350 was being offered to do the hybrid desktop a lot of the kvetching about alleged USPAP concerns would disappear in an instant

 

[Eli]

I would not work for those fees and if enough appraisers do not work for those fees, then the AMC's would be required to pay a higher fee. However, that is a different issue from whether or not USPAP requires the appraiser to complete the property inspection or whether a property inspection is required at all and I suspect that if $150 was being offered for the inspection and $350 was being offered to do the hybrid desktop a lot of the kvetching about alleged USPAP concerns would disappear in an instant

Have you ever heard of complexity? It must be nice living in a box. Lol

On the conventional end, there are many assignments I would not touch for less $1,000 to $2,000. It would take me a week or maybe two max.

 

[djd09]

I wouldn't do them for 5,000 grand. It ain'[t worth losing my license over.

Another concerned 'poster' who will never do them.

 

[George Hatch]

I love the selective USPAP readers. Credible? Substantial Errors? Don't worry about those minor details. The State Boards has your backs.

None of the USPAP Instructors are sharing your opinion. You know why? Because they know more about the material than you do.

The appraiser must not commit these errors /= the appraiser is responsible for the undisclosed errors others may have made

 

[djd09]

The appraiser must not commit these errors /= the appraiser is responsible for the undisclosed errors others may have made

So again, these so called inspectors will provide copies of their E&O insurance. Exactly.

The USPAP instructors are not USPAP. Independent, impartial, and not bias. It really isn't hard to figure out.

 

[Riick]

I would not work for those fees and if enough appraisers do not work for those fees, then the AMC's would be required to pay a higher fee.

Have already played with desktops; it's a given that they can be USPAP compliant. Whether customers willing to pay for decent quality of research & analysis...that's a horse of a different feather.
I never had the audacity to make offers as low as the AMCs do on a daily basis.
But, then I figure the other side in the negotiation is knowledgeable, so why insult them with offer they literally cannot afford to take?