July 2008 ASC Q&a- Wink Wink Comp Comp

[Hamlet]

How many more times must I say it? Going to the so-called source of the problem is much more out of our hands than going to the source of those that regulate us. Ok- I hope that's settled now.

Sandy, those that regulate us have no control over those that are the source of the problem. You act like we don't get it, but I think you are the one who doesn't get this point.

Next issue that I am tired of is all of you that post versions of this one--- Ok Sandy post your USPAP changes perfect solutions so we can shoot them down!!! Sorry not falling for that one---besides why would think that a lowly trainee would be the only one that would have the perfect solution? Wouldn't it make more sense for you folks to put that onus on the people that are sitting in the big chairs at TAF. Like I said before, if your supposedly at the top of your profession and your profession is in shambles, it is incumbent upon you to do something about it, not those at the bottom of the food chain!

I think it is incumbent on everyone in this profession to do something about it, not just those at the top.

Ok that's the last time I am responding to those issues---if ya don't get it by now, then I suggest you spend your time talking to Mr. Socrates.

Why will Mr. Socrates convince me to spin my wheels and waste my time?

My bold...........

 

[George Ellerman]

Don't do comp checks.

 

[Stone]

As one who has participated in writing the ASB's monthly Q&As, I can tell you that they don't ask either of those questions. They ask, "What sections of USPAP are relevant to this question and what do those sections say?" That is where their authority begins and ends.



If the appraiser provided a valuation service (i.e a "comp check"), then there was, by definition, an assignment. If the appraiser chose not to charge for that assignment, then whose fault is that?

"That is where their authority begins and ends"

It is too bad that so many cannot understand this. It is also too bad that so many don't seem to think that being honest and following the rules in place is a viable solution. Seems like a good one to me.

 

[Hamlet]

How many more times must I say it? Going to the so-called source of the problem is much more out of our hands than going to the source of those that regulate us. Ok- I hope that's settled now.

Next issue that I am tired of is all of you that post versions of this one--- Ok Sandy post your USPAP changes perfect solutions so we can shoot them down!!! Sorry not falling for that one---besides why would think that a lowly trainee would be the only one that would have the perfect solution? Wouldn't it make more sense for you folks to put that onus on the people that are sitting in the big chairs at TAF. Like I said before, if your supposedly at the top of your profession and your profession is in shambles, it is incumbent upon you to do something about it, not those at the bottom of the food chain!

Ok that's the last time I am responding to those issues---if ya don't get it by now, then I suggest you spend your time talking to Mr. Socrates.

No, Sandy, it isn't settled now. What do you believe the source of the problem to be? Do you really believe that USPAP and TAF are the source of the problems? If not, why do you believe that going anywhere other than to the source will fix the problem?

Why do you constantly denigrate yourself because you are a trainee? If you think that is an endearing way of pointing out that those that are licensed feel superior to or belittle trainees, you are mistaken. We all start from somewhere and none of us know it all. I find it offensive that you imply that all licensed appraisers are arrogant and belittle trainees.

I've not treated you or any other trainee in that manner. I'm just trying to understand why you think punishing the compliant will eleminate the abuse.

 

[George Hatch]

Right on!!! It's not a big stretch to see who has been pulling TAF's strings in the past with their dumbing down of the reporting formats. Next chapter yet to unfold is when the lenders start to figure out the huge potential for them to abuse the scope of work rule.

"...dumbing down the reporting formats." (???)

I think you're in over your head on this one.

The ASB made changes in the use of Departure Rule related labels "Binding Requirement" and "Specific Requirement" when it did away with the Departure Rule, but that didn't change the applicability of those requirements. There have been no other significant changes to SR2 since 1994.

As for clients abusing the SOWR, it would have to apply to their conduct or decision-making process in the first place, which it doesn't. The SOWR already includes an admonishment to appraisers that they cannot allow a client's requests to undermine the minimums in USPAP.

The only dumbing down of reports and SOW that we've seen is from Fannie, which publishes those appraisal report forms that you guys seem to think represent the only true appraisal service that appraisers should be allowed to offer. And they did that OVER the objections of the ASB.

 

[Hamlet]

How many more times must I say it? Going to the so-called source of the problem is much more out of our hands than going to the source of those that regulate us. Ok- I hope that's settled now.

Next issue that I am tired of is all of you that post versions of this one--- Ok Sandy post your USPAP changes perfect solutions so we can shoot them down!!! Sorry not falling for that one---besides why would think that a lowly trainee would be the only one that would have the perfect solution? Wouldn't it make more sense for you folks to put that onus on the people that are sitting in the big chairs at TAF. Like I said before, if your supposedly at the top of your profession and your profession is in shambles, it is incumbent upon you to do something about it, not those at the bottom of the food chain!

Ok that's the last time I am responding to those issues---if ya don't get it by now, then I suggest you spend your time talking to Mr. Socrates.

Sandy,

What do you see as the source of the problem? Why do you feel that going anywhere besides the source of the problem will cure the problem? If those that regulate us have no control over other entities that are part of the problem, I’m not sure how your reasoning that more regulation on us is going to fix the problem. If you only “fix” one flat tire and leave the others flat, the car still isn’t going to drive smoothly.

Why do you constantly denigrate yourself as a trainee? Is it your endearing way of accusing all licensed appraisers of being arrogant and abusive to trainees? I’ve never belittled you or anyone for being a trainee, so please don’t imply that I have.

 

[Carnivore]

Sandy do you really want to give these people that much power and influence over 50+ state and possessions on this issue?

2008 Board Members
Sandra Guilfoil – Chair
Paula K. Konikoff – Vice Chair
Gregory J. Accetta
Richard L. Borges, II
Richard Knitter
William Henry Riley, III

 

[Pamela Crowley (Florida)]

Here's another good example of why this Q&A hurts more than helps:

http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=232679

 

[Workbox]

Huh, that thread gave me a headache, and as I had mention before, the Crazy Monkeys are starting to Throw that Q&A around like a bad case of diarrhea.

Good thing that there are some good lenders that get it.

 

[woodyva]

"dumbing down the reporting formats"?

You are in over your head on this one. There have been no notable changes in SR-2 since 1994.

As for "abusing" the SOWR, it doesn't apply to the client side of the appraiser-client relationship. They can ask for more development or they can ask for less development, either of which we have always been able to provide. There's already a line in the SOWR admonishing appraisers that they can't allow a client's request to undermine our minimums.

George:

so you are saying SOW should be determined by the appraiser?