New 1004

[George Hatch]

client wants...client gets

Try again. "..meaningful and not misleading to intended users" sometimes doesn't even include the client or anything the client might want.

There is nothing immoral or unprofessional about "intended user wants extras", which is exactly how the SOWR is intended to function. A user asking for an extra comparable or a rent survey or pix of the smoke detectors or charts/graphs showing how you developed an adjustment is not an infringement upon your responsibility to act in an impartial and unbiased manner *in addition* to meeting the hardwired minimums in USPAP. Even when they're asking you to do it for free.

The lenders in the GSE and FRT pipelines don't accept appraisals engaged by MBs, but they're not the only types of clients and users in the mortgage business, let alone the remainder of the market for appraisal services. USPAP doesn't prohibit appraisers from working for MBs or other 3rd parties like atty and accountants and property managers and such. That's why the SOWR doesn't actually refer to what the client wants the way you keep attempting to imply. The SOWR only suggests that one way to find out what the requirements (of the users) are for the assignment is to ask the client.

 

[shrubberyvaluation]

Because it is the prudent thing to do. since the taxpayers are at risk and have to bail the lenders and the GSE;s out.

If they don't care, they should abandon the phony m, the mission of protecting the public trust stance they take.

government and prudent do not go hand in hand.

 

[shrubberyvaluation]

i wonder if they will keep cert 23...

Why not, the point is to put blame on someone else.

 

[George Hatch]

But you're smart enough to explicitly reiterate the identity of your intended user by name and recommend that any third party get their own appraisal specific to their own usage.

 

[George Hatch]

Fully agree. Alway room for improvement when it comes to form design and content. No form is perfect. Sometimes more is not better. But for the most part less is just less and most times insufficient

Going back to this one and within the context of use/user I think sometimes less is enough and sometimes more is way too much. Even in the mortgage lending markets.

The GSEs spell out what they think is enough in their written policies, both other lenders sometimes ask for more, and some appraisers routinely do more than anyone asked for. As long as the extras are not conflicting with the other requirements of the assignments there's nothing wrong with "more", but it's not always necessary.

By the time the GSEs are asking for more content in their form revision its apparent that their effective expectations have increased.

 

[djd09]

Why not, the point is to put blame on someone else.

the bottom line is the gse's are stealing our data...and using it against us...but the shills want us to trust them

 

[George Hatch]

Nobody is telling appraisers to trust the GSEs about anything other than what their programs require in an appraisal. Nor does it matter if appraisers do or don't trust the GSEs about anything else. It doesn't matter to anyone if appraisers like the GSEs, respect the GSEs, or aspire to emulate the GSEs.

I expect the GSEs to act like the lenders. Not like appraisers.

 

[djd09]

yeah the gse's got a bailout...meaning their policies are losers but that is what happens when socialism takes over

 

[gregb]

the bottom line is the gse's are stealing our data...and using it against us...but the shills want us to trust them

Why are you working for the little commie gse's when surely there are other East Cleveland job opportunities, appraisal related or otherwise.?

 

[djd09]

Why are you working for the little commie gse's when surely there are other East Cleveland job opportunities, appraisal related or otherwise.?

we finally agree...comrade fannie