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Made A Stupid Mistake

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zhencai

Sophomore Member
Joined
May 27, 2003
Professional Status
Certified Residential Appraiser
State
California
I wrote buyer's name in owner's column, owner's name in buyer's column. My supervisor didn't notice either. I think my report is already at underwriter's. What should I do now? Send updated report to agent? Or wait for condition?

Thanks a lot.
 

Willie

Senior Member
Joined
May 30, 2002
Professional Status
Certified General Appraiser
State
Tennessee
Bad news. Get ready to get fired.
Good news. 711 is hiring.


Kidding. This is no big deal. Tell your boss what happened. Then make the revision and send it. It is nothing, really.
 

Tony Lehn

Junior Member
Joined
Oct 28, 2002
Professional Status
Certified Residential Appraiser
State
Indiana
Relax, you made an error that many many of us have made. You noticed it without being told by the underwriter though, and that is good. Whenever I've noticed an error on a report, after I emailed it off, I'll make a call ASAP to the LO to let them know. AT that point you can discuss what they need to correct the error. If they have not turned it in to the underwriter yet, you can probably just fix it and re email it. If they have already turned it in, simpy type up an addendum stating the error in the report, then stating what the corrected version should read.

Don't worry, this won't be your last minor typo that you'll need to chase down.
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
It'd be good business to let your client know that you discovered the error. Hey, we ain't perfect, typos happen. They may go ahead and underwrite it, but at least the UW will know that you know, and a correction will follow.
 

Jeff Horton

Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Alabama
I agree with all the others. Just make a call and say WHOOPS!

I found one on an appraisal that was over a year old. I forget exactly but I made a mistake in the sales grid. Didn't change my value but I corrected it and mailed a copy to the client with a letter of explanation. MOST IMPORTANTLY I kept a copy in my work file!

I think USPAP addresses this? If I remember right just says to correct it ASAP and notify the parties involved. Anyone know for sure? Maybe it was in one of my classes I was taught that??
 

Richard J. Glesser

Junior Member
Joined
May 16, 2002
Professional Status
Certified General Appraiser
State
Michigan
Thank heavens!!! Now the pressure is off. All of us experienced appraisers have been sweatin' bullets since we heard the rumor that someone perfect who makes no mistakes had entered the profession. Now that you've made your first one, we can all relax and drop our guard a little.

USPAP requires you to maintain files for 5 years. When you purge your files after 5 years, keep a couple at random. If you're like any of us, after 15 or 20 years, you'll look back and wonder how you could have put out such a report! Keep pluggin' along and good luck. Don't sweat the small stuff. It's when you typo a final value of $125,000 instead of $225,000 that you'll get everyone's attention - and most of us have done that one. :usa:
 

Rich Hahn

Senior Member
Joined
May 2, 2003
Professional Status
General Public
State
Colorado
At least its not on the signature page.
Fix it Forget it.
 

Mike Simpson

Senior Member
Joined
Jan 30, 2002
It's no big deal...let everyone know and make the correction ("I'm sorry, I'll be more careful in the future"--goes a long way).

Early in my career I had an assignment with a borrower of the last name of Whitmore...ooopsy...my finger hit the 'S' instead of the 'W.' I didn't notice until months later when I went to file the report. I went to my boss--red faced--he suggested since so much time had elapsed we just wait for the client to call...they never did.

I'll never forget that borrower.

-Mike
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
:rofl: :rofl: :rofl:
Mike, THAT one takes the cake!
If you did call, I can hear the LO now...... Errrr, uummmm, no correction please. I don't want to 'splain it to the borrower. :redface:
 

jtrotta

Senior Member
Joined
Jan 16, 2002
Mike S

think that ever happend to em as a kid :mrgreen:

the only mistake ya ever halfs ta worry bout, is ifn ya put an extra "0" where the final number goes - cause that, won't even git ya a job at 7-11 B)

:ph34r:
 
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