New Fannie/Freddie Forms

[sputnam]

That is what state boards and revisions are for. It is really easy to spot crappy, no effort, full of boilerplate reports. Easy to tell if MLS pictures were used when the signing appraiser certifies on the form he personally inspected the comps (no rabbit holes here about inspecting vs photographing. You ALL know the issue). Easy to confirm if signing appraiser actually was the inspecting person vs a runner. Easy to require support for adjustments. And so on...

No, this is as the OP states. A clear and direct to move to totally automate data collection and valuation. Do those in charge have the right to do this? Yes. Should we continue to delude ourselves as to the eventuality of this industry? No.

The state boards don't review appraisals unless someone files a complaint. The 1004 form that is used now was published in 2005. It's long out of date.