Hybrid

[Meandering]

IF that is what is actually being offered and enough appraisers refuse to work for such a ridiculously low fee, then more and more will be offered until they get enough appraisers to fulfill their orders....that is how the market works.

No it doesn't.
The AMCs run to he banks and regulators and cry appraiser shortage, because no one will do their work.

Not like we haven't seen that before.

.

 

[Eli]

Louisiana and the FTC have some people on edge. Antitrust is not a joke.

 

[Terrel L. Shields]

Louisiana and the FTC have some people on edge. Antitrust is not a joke.

Coulda fooled me.

 

[Non Sequitur]

FUD...someone is confused...Since we are trashing around on the thread about the topic https://www.urbandictionary.com/define.php?term=Fud

You looked up Fud not FUD. Again, google FUD.

And again, the article is spreading FUD:
noun
noun: FUD; plural noun: FUDs

1. fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.

IMO it is intentional and for the very reason the definition mentions

 

[Eli]

Coulda fooled me.

You run 70 in a 45 and you get by sometimes.

 

[Eli]

My mother has never broke the speed limit and never had an accident. She deserves something;

 

[timd354]

My mother has never broke the speed limit and never had an accident. She deserves something;

She probably deserved a son who is not mentally deranged, but life ain't fair sometimes.

 

[Eli]

She probably deserved a son who is not mentally deranged, but life ain't fair sometimes.

I’m sure she went over a mile or two mph. You believed me. Lol

Your destination is toast. Tell me your primary goals and motivations relative to your company and corporation. Tell me son.

 

[DWiley]

I think the key word in your post is "an" appraiser, meaning singular.

So, you read this, "It originated with appraisers." and somehow concluded that I said it all started with a single appraiser. ??? My reference to "an appraiser" was a reference to GSE exposure. Yes, they hired an appraiser, who had been exposed to hundreds of other appraisers who had already been doing "hybrids" for many years. As I have said multiple times, this process is not nearly as new as some appraisers believe that it is.

Let me put it this way and be very clear. If quality appraisals are needed and wanted, bi-bifurcated are not an appropriate product.

The unstated assumption in this argument is that the inspection done by the appraiser in a typical traditional appraisal assignment is inherently superior to an inspection that might be conducted by a non-appraiser. Yet, are there not regularly posts in this very forum addressing some grievous mistake that an appraiser made during the inspection process? How much formal training in property inspection is required in order to obtain appraiser credentials?

In my view, appraisers keep focusing on the wrong thing. Twenty plus years ago appraisers made the collective decision to forego participating in a national database, because they thought that data collection was such a valuable part of the appraisal process. Now, some are poised to repeat that move because they are once again focused, IMO, on the wrong value proposition. The primary value that appraisers add is analysis of data, not collection of data.

Do you think a bifurcated appraisal is a quality product?

That depends on the appraiser and the exact process that is employed. From a pure appraisal perspective, the reason that we have historically personally inspected homes is because that has been the only way to get information about the relevant characteristics of the subject property. If that data is made available from another source that is equally reliable (recognizing that appraiser inspections themselves are not 100% reliable), then there is no reason sound appraisals cannot be developed through such a process.

The "hybrid" process has been employed by multiple companies for many years now. Do you think that those companies have ever run any tests to compare the results of the "hybrid" process to "traditional" processes? Do you think the lenders who have been using the process for years now for non-origination work have ever conducted such tests themselves?

 

[Eli]

So, you read this, "It originated with appraisers." and somehow concluded that I said it all started with a single appraiser. ??? My reference to "an appraiser" was a reference to GSE exposure. Yes, they hired an appraiser, who had been exposed to hundreds of other appraisers who had already been doing "hybrids" for many years. As I have said multiple times, this process is not nearly as new as some appraisers believe that it is.



The unstated assumption in this argument is that the inspection done by the appraiser in a typical traditional appraisal assignment is inherently superior to an inspection that might be conducted by a non-appraiser. Yet, are there not regularly posts in this very forum addressing some grievous mistake that an appraiser made during the inspection process? How much formal training in property inspection is required in order to obtain appraiser credentials?

In my view, appraisers keep focusing on the wrong thing. Twenty plus years ago appraisers made the collective decision to forego participating in a national database, because they thought that data collection was such a valuable part of the appraisal process. Now, some are poised to repeat that move because they are once again focused, IMO, on the wrong value proposition. The primary value that appraisers add is analysis of data, not collection of data.



That depends on the appraiser and the exact process that is employed. From a pure appraisal perspective, the reason that we have historically personally inspected homes is because that has been the only way to get information about the relevant characteristics of the subject property. If that data is made available from another source that is equally reliable (recognizing that appraiser inspections themselves are not 100% reliable), then there is no reason sound appraisals cannot be developed through such a process.

The "hybrid" process has been employed by multiple companies for many years now. Do you think that those companies have ever run any tests to compare the results of the "hybrid" process to "traditional" processes? Do you think the lenders who have been using the process for years now for non-origination work have ever conducted such tests themselves?

You constantly refer to appraisers as “they”. I can tell you have not been to a TN appraiser coalition meeting.