I am not doing the 3.6 FORM deal

[Sandra Koutsopoulos]

re: Was I a Skippy for doing 1 or more appraisals a day?
Keep in mind, that 20 years ago, we typically got the cookie-cutter appraisals as well as complex stuff, so we could breeze through the small/simple ones quicker. 800sf, 2/1, comps within 1/2 mile. EZ PZ. Now I mostly get the 5000+sf monsters on acreage, or unique properties with deluxe stables, or houses with semi-circular rooms to puff up the architect's fee. This week I finally got a rush FHA SFR, 765 sf, 2/1 with 2 garage and actually DID turn it around in 24 hours. Sweet.

 

[Fernando]

Yep - this rollout (if you want to call it that) has been nothing short of a disaster. Was chatting w/the guy who built the Freedom Appraisal tool and he said the biggest headache with releasing a viable product is that F/F keep changing the requirements on them - still...

If F/F listens to Nando's criticism of the new form, they should change the new form.
Those youngings working in F/F don't have the experience in using the forms like Nando.

 

[alebrewer]

I'm sure that's true. Those nubes at F/F are barely dry behind the ears.

 

[Fernando]

I'm sure that's true. Those nubes at F/F are barely dry behind the ears.

That's why the new form is so simplistic and too characteristic detail for real appraisers.
There are other issues which would make a better appraisal and F/F not addressing it.
Seems like every 10 years, a change in the forms is done. This coming change is worst I can imagine. So glad I'm near retirement so I can be honest.

 

[J Grant]

Imo the main improvement in 3.6 is different sections for neighborhood and for market area/competing properties is a big plus.
of course, they could have simply added that and whatever other elements made sense on to revised forms without the "dynamic format" of drop-down menus, turning it into a nightmare.

 

[Fernando]

If the new form is a pain in the as*, many appraisers will go find easier and more profitable line of work.
With less appraisers, fees will eventually go up.
Our high fees will be the lenders' fault in letting GSEs make such a long time consuming form