Hybrid

[timd354]

Okay fine. You are not saying it is the same thing but you avoid saying that it is not the same thing. You would never say it. You happy now?

You may have been doing hybrids but fannie mae accepting hybrids is a game changer for hybrids and EXOS right?

I am not the one dodging here and going on the attack. It's you. Everybody can see it.

So give me a one liner and prove me wrong. "Third party inspection is not the same thing as the appraiser physically visiting the property and the hybrid appraisal is less reliable".

I am curious as to why whether a lender orders a hybrid appraisal or a traditional 1004 would make one bit of difference to an AMC since either way the AMC is getting another transaction.

 

[Joe Flacco]

Anyone with a brain will acknowledge they are not the same thing. Just as a 2055 and and 1004 are not the same thing. That is what makes the claim you posted so silly. No one is out there promoting hybrids as being the same thing. Anyone who did so would be viewed as a moron.

Being critical is one thing. Flat out making stuff up is something else.

So give me a one liner and prove me wrong. "Third party inspection is not the same thing as the appraiser physically visiting the property and the hybrid appraisal is less reliable".

What is the hold up?

 

[DWiley]

So give me a one liner and prove me wrong. "Third party inspection is not the same thing as the appraiser physically visiting the property and the hybrid appraisal is less reliable".

What is the hold up?

Done. Now, what is the hold up on you either giving us a supporting citation or admitting you just pull that from your...??

 

[hastalavista]

I am curious as to why whether a lender orders a hybrid appraisal or a traditional 1004 would make one bit of difference to an AMC since either way the AMC is getting another transaction.

It makes a difference. The margins on a hybrid are not the same as the margins on a traditional appraisal.

 

[ucbruin]

I am curious as to why whether a lender orders a hybrid appraisal or a traditional 1004 would make one bit of difference to an AMC since either way the AMC is getting another transaction.

That would depend on the "profit" to the AMC....
Full appraisal fee vs hybrid fees....

 

[Joe Flacco]

I am curious as to why whether a lender orders a hybrid appraisal or a traditional 1004 would make one bit of difference to an AMC since either way the AMC is getting another transaction.

 

[Joe Flacco]

Done. Now, what is the hold up on you either giving us a supporting citation or admitting you just pull that from your...??

You funny

 

[Eli]

Maybe Fannie or somebody is a little worried about these antitrust issues flying around like red wasps. Lol

 

[ucbruin]

So give me a one liner and prove me wrong. "Third party inspection is not the same thing as the appraiser physically visiting the property and the hybrid appraisal is less reliable".

What is the hold up?

I'm not injecting myself between you and DW.....
In the late 80's very early 90's the staff used the same "reliability" reasoning to try to convince the department from ordering drive bys....
The bank explained their reasoning.....
1. The borrower was a good credit risk....
2. The total 1st and 2nd dollar amount was so low that even if the property went into foreclosure the bank was not going to lose a penny....
3. Because of #1 and #2 the bank considered a drive by as a customer service issue, not having to have the borrower take the day off to meet with the appraisal....

 

[Eli]