Marcia Langley
Senior Member
- Joined
- Aug 26, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Missouri
Don -
Should there be a required 2-day course for those who appraiser conventional (FNMA/FHLMC) transactions? How about VA? If not, why not? What's the difference? Isn't competency is covered under USPAP? Just curious.
Brad,
I agree that the FHA guidelines and the GSE/VA/ETC guidelines should be considered equally when it comes to any extra education, training, or requirements. And I agree that USPAP minimums should be enough.
There used to be the theory that FHA and VA risked taxpayer money while the GSEs did not. That theory no longer is true.
And I will also say that FHA does a pretty darn good job of publishing clearly written and well organized guidelines. Any reasonable person should be able to comply.
I might not go so far as to say I believe certain levels of training should be required for any of these entities but I would say that I think it would be wonderful if they all did. And I also think it would be very beneficial if they all had specifically "sanctioned" classes that could be depended on to teach the "company line."
Even appraisers who are reasonably inteligent and diligent sometimes have a hard time getting consistent information regarding these published guidelines.
The truth is, these published guidelines are much more involved than USPAP and are only for specific applications. For those of us that study the guidelines and get the extra training in an effort to become proficient, it is demoralizing to sit by and watch skippies churn out reports without ever having read the guidelines (including the GSEs').