No bias here - keep moving

[shrubberyvaluation]

In another comment to this, a PDC report was provided to the appraiser. The appraiser could see that the GLA was inaccurate. The AMC arbitrarily changed the GLA but it was still inaccurate and the appraiser visited the property and measured it themselves. The report was submitted and the AMC requested that the appraiser remove their comment that they visited the property and instead mention the MLS as the source of GLA. Clearly, the fix is in. Likely, FNMA is demanding that the AMCs cleanse reports of any suggestions that the PDC process could be less than infallible.

Seems to save time!

 

[shrubberyvaluation]

You’re not addressing the biggie, why “show your work” for field appraisers but not desk jockeys?

Probably because they are products for supposed lower risk loans?

 

[George Hatch]

You’re not addressing the biggie, why “show your work” for field appraisers but not desk jockeys?

Because these are two different SOWs where the "do the work" is actually different. The "do the work" in the one assignment includes personal inspection by the appraiser, whereas the other "do the work" doesn't include personal inspection by the appraiser.

 

[George Hatch]

Seems to save time!

Maybe it saves time.

 

[shrubberyvaluation]

Maybe it saves time.

Sometimes taking my bike instead of my car saves time, but not often.

 

[Non Sequitur]

Because these are two different SOWs where the "do the work" is actually different. The "do the work" in the one assignment includes personal inspection by the appraiser, whereas the other "do the work" doesn't include personal inspection by the appraiser.

Show the work is a reference to adjustments. Fannie/Freddie are pounding on appraisers about this but not demanding the same show your work in hybrids even though per USPAP both are reports 2-2(a).