I Know We Do Not Find Problems With Value But

[Amy Perkins]

This is the stress of doing review work. I have done a ton of it. It is what it is.

 

[J Grant]

Years ago I would of called appraiser and said you better get it together, these day do not know each other, but just reviewed and made right.

Are you saying that years ago if you had a review and the appraisal under review was bad, you did not address the issues in your review, instead you would call the appraiser and tell them to get it together? What did you do in the review ? Review assignments when they send the OA , the name of is typically blacked out, how did you even know who the appraiser was?

The reviewer should be neutral to who the appraiser might be and just do the review, step by step - which you did and sounds like you did a good job identifying the problem issues.

 

[J Grant]

You need to ask yourself; how good are u? If your value and the value of the appraisers vary by more than 10% of the value; then make your case. If it's less than 10%, then get over yourself because no one is that good.

This is ridiculous . If you are not a competent ( aka good ) appraiser you should not be reviwing, period. No one is that good to understand a within 10% difference in value ? Do you realize how stupid that makes appraiser look? Where in USPAP or any recognized sources does it say a disagreement in value is only valid if it is 10% or greater? ( rhetorical question, it is not in any recognized source ). This is some nonsense taught by a less than competent person who thinks it's okay to "fudge" value as long as it;s within 10 % , or whatever number they feel like applying.

In a std 3 review, since you say you've done lots of them, the questions go in order and if the OA did not use more similar comps and used less similar ones instead or mis represented location influence or condition etc, then inevitably it usually leads to a value opinion a reviewer has no choice but to disagree with...whether it be by 5% or 8% or 15% or 20%.

Nobody is judging the review by what percent you disagreed with the OA value. That said, normally we dont' disagree with very small increments of value. And I've said I "agree" with a value when the way they arrived at it was very solid, even though "my" value opinion would differ a bit. But when the review reveals the steps used to arrive at value by OA were misleading or so filled with error they materially affect results or comp choices wrong etc, then how could you agree with value because of some crazy 10% rule you invented ( or more likely someone taught you and you never questioned ). If the OA stinks, yet your value disagreement came to 7%, you'd say you agree and let a crappy appraisal get a pass because of your 10% rule?

I hope you display that 10% rule as a clear disclosure in your reviews if you are using it as a decider because client deserves to know that was part of your SOW.

 

[Mike Kennedy]

Doing review, Appraiser goes out of community to get comp 3 to up value, when there is a sale right across street from comp 2. Makes adjustment for comp 1 grades c4 subject c3 comp 2 c4 comp 3 C3. First thing I do pull comps to see how they Look comp1 Just recently renovated appraiser gave deduction of $15,000 home has brand new tile throughout and upgraded counters. Nothing is Easy.
Do not want to destroy appraiser but if appraiser used right comparables in first place makes life so much easier for everyone.

Sale, Refi, Heloc appraisal under Review?

 

[ucbruin]

This is ridiculous . If you are not a competent ( aka good ) appraiser you should not be reviwing, period. No one is that good to understand a within 10% difference in value ? Do you realize how stupid that makes appraiser look? Where in USPAP or any recognized sources does it say a disagreement in value is only valid if it is 10% or greater? ( rhetorical question, it is not in any recognized source ). This is some nonsense taught by a less than competent person who thinks it's okay to "fudge" value as long as it;s within 10 % , or whatever number they feel like applying.

In a std 3 review, since you say you've done lots of them, the questions go in order and if the OA did not use more similar comps and used less similar ones instead or mis represented location influence or condition etc, then inevitably it usually leads to a value opinion a reviewer has no choice but to disagree with...whether it be by 5% or 8% or 15% or 20%.

Nobody is judging the review by what percent you disagreed with the OA value. That said, normally we dont' disagree with very small increments of value. And I've said I "agree" with a value when the way they arrived at it was very solid, even though "my" value opinion would differ a bit. But when the review reveals the steps used to arrive at value by OA were misleading or so filled with error they materially affect results or comp choices wrong etc, then how could you agree with value because of some crazy 10% rule you invented ( or more likely someone taught you and you never questioned ). If the OA stinks, yet your value disagreement came to 7%, you'd say you agree and let a crappy appraisal get a pass because of your 10% rule?

I hope you display that 10% rule as a clear disclosure in your reviews if you are using it as a decider because client deserves to know that was part of your SOW.

No offense but I don't think you should be performing reviews....
You seem to have a superiority complex....
Could be good....
Could be bad....
You shouldn't review....

 

[J Grant]

No offense but I don't think you should be performing reviews....
You seem to have a superiority complex....
Could be good....
Could be bad....
You shouldn't review....

Clients decide who reviews.....but I take your comments with a grain of salt since in another thread you said your rate of agree with SC price is 99%.

BTW I don't review much now since review fees are crappy with AMC's and demand is less.. but I do still review occasionally and post crash did hundreds ...The garbage produced in the name of "fudging" value was something else..from OP's comments on this OA sounds like still going on in some work.

How does my saying an appraiser should be "good enough" to account for value within 10% mean I have a "superiority" complex.? Esp since I traced it to the steps reviewer takes to arrive at any value disagreement.

For the record I would try to give an appraiser benefit of doubt and not pick on minor errors in a review but if their OA was crappy not my fault ( or any reviewer's fault )

 

[ucbruin]

Clients decide who reviews.....but I take your comments with a grain of salt since in another thread you said your rate of agree with SC price is 99%.

BTW I don't review much now since review fees are crappy with AMC's and demand is less.. but I do still review occasionally and post crash did hundreds ...The garbage produced in the name of "fudging" value was something else..from OP's comments on this OA sounds like still going on in some work.

How does my saying an appraiser should be "good enough" to account for value within 10% mean I have a "superiority" complex.? Esp since I traced it to the steps reviewer takes to arrive at any value disagreement.

For the record I would try to give an appraiser benefit of doubt and not pick on minor errors in a review but if their OA was crappy not my fault ( or any reviewer's fault )

"How does my saying an appraiser should be "good enough" to account for value within 10% mean I have a "superiority" complex.?"

I believe if you're honest with yourself....
You'd have to admit you do have a superiority complex....
You wouldn't be the only AF member....

I bet you'd hate someone with your outlook to review your work....

 

[J Grant]

"How does my saying an appraiser should be "good enough" to account for value within 10% mean I have a "superiority" complex.?"

I believe if you're honest with yourself....
You'd have to admit you do have a superiority complex....
You wouldn't be the only AF member....

I bet you'd hate someone with your outlook to review your work....

"How does my saying an appraiser should be "good enough" to account for value within 10% mean I have a "superiority" complex.?"

I believe if you're honest with yourself....
You'd have to admit you do have a superiority complex....
You wouldn't be the only AF member....

I bet you'd hate someone with your outlook to review your work....

That's ridiculous but its your opinion. Simply doing our job and not pushing value using ridiculous cherry picked comps has nothing to do with a superiority complex. Pretty hard to have a superiority complex with a low regard res license these days, just trying to stick up for the last vestiges of appraisal practice- don't worry anyone who cares about it will be gone soon pushed out for "efficiency"

 

[ucbruin]

That's ridiculous but its your opinion. Simply doing our job and not pushing value using ridiculous cherry picked comps has nothing to do with a superiority complex. Pretty hard to have a superiority complex with a low regard res license these days, just trying to stick up for the last vestiges of appraisal practice- don't worry anyone who cares about it will be gone soon pushed out for "efficiency"

I'm not advocating that appraisers or reviewers shouldn't care....

 

[J Grant]

I'm not advocating that appraisers or reviewers shouldn't care....

I have n

I'm not advocating that appraisers or reviewers shouldn't care....

I have no idea what you are advocating other than an your opinion about my supposed superiority complex ! Wish I had one in real life...we all are free to form opinions about each other on a bb...