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Phil Crawford Podcast

timd354 said:
The reason that the GSE's expanded the eligibility of appraisal waivers is because FHFA told them to expand eligibility, which is a direct result of PAVE, so I don't think the latest expansion would have happened, or would have been as broad if it had not been mandated by FHFA. Regarding your allegation that "profit centers demand it", I am unaware of any of the so-called profit centers that demanded an expansion of appraisals waivers. I am unaware of a single mortgage lender or AMC who pushed for this and the realtors certainly did not push for it as they actually actively opposed the exapnsion after it was announced....see here: https://www.nar.realtor/washington-...lanned-expansion-of-appraisal-waiver-programs


I know that you are a Turmp hater, but much of the nonsense pushed by FHFA (especially PAVE) over the past 4 years is due to Biden's appointee Sandra Thompson running the FHFA. Now that Trump got elected, she will be gone and will be replaced by someone more responsible....it would be nice if they brought back Mark Calabria, who was the prior FHFA boss under Trump and did a great job, however I have heard that Calabria is not interested in returning to that job.
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Both you and j grant are right. Proof is below.



Figure 4 compares the prevalence of appraisal waivers based on whether the servicer is
a bank or **nonbank.**

United Wholesale Mortgage and Quicken Loans, the two largest nonbank servicers

www.clearcapital.com

"Leveraging Appraisal Modernization" panel session at Digital Mortgage 2019

Kevin Marshall, our co-founder, moderated a panel on appraisal modernization with Fannie Mae, Freddie Mac, and Quicken Loans.
www.clearcapital.com www.clearcapital.com

Oh fxxxck, the video does not exist.....dated Oct 31 2019 before covid and us racists appraisers.


It started here:


ARE WE REALLY TO BELIEVE THE GSES STARTED THIS ON THEIR ON? AND THAT THESE NON BANK LENDERS DID NOT PUSH FOR WAIVERS?
 
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J Grant said:
They want an auto-type Blue Book for houses.
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Not bashing. I actually do not mind these types of products for low ltv helocs, portfolio. Evals, bpos etc. We are losing a lot of money by not doing these.

But, to your point, watch the video.

You will get a big wth did he say at ±‐11:18
 
NC Appraising said:
Both you and j grant are right. Proof is below.



Figure 4 compares the prevalence of appraisal waivers based on whether the servicer is
a bank or **nonbank.**

United Wholesale Mortgage and Quicken Loans, the two largest nonbank servicers

www.clearcapital.com

"Leveraging Appraisal Modernization" panel session at Digital Mortgage 2019

Kevin Marshall, our co-founder, moderated a panel on appraisal modernization with Fannie Mae, Freddie Mac, and Quicken Loans.
www.clearcapital.com www.clearcapital.com

Oh fxxxck, the video does not exist.....dated Oct 31 2019 before covid and us racists appraisers.


It started here:


ARE WE REALLY TO BELIEVE THE GSES STARTED THIS ON THEIR ON? AND THAT THESE NON BANK LENDERS DID NOT PUSH FOR WAIVERS?
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Nc appraising,

What does leveraging mean? I thought it was about saving borrowers money?

What does the gses, the largest non bank lender and the large AMCs mean by leveraging appraisal modernization?
 
NC Appraising said:
Nc appraising,

What does leveraging mean? I thought it was about saving borrowers money?

What does the gses, the largest non bank lender and the large AMCs mean by leveraging appraisal modernization?
Click to expand...


use (something) to maximum advantage



to use something that you already have in order to achieve something new or better:
***We can gain a market advantage by leveraging our network of partners.***


dictionary.cambridge.org

leveraging

1. present participle of leverage 2. to use something that you already have in…
dictionary.cambridge.org dictionary.cambridge.org

How about that.
 
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This sample report is concerning.
 
How much would you guys charge for an appraisal report that looks like this sample report? No other information needed.
 
Joe Flacco said:
View attachment 95426

This sample report is concerning.
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How many of those are in the wild? They (HVE) are acceptable because the users don't have a clue about their (HVE) veracity and the creators control who sees their (HVE) output. If appraisers were allowed to critiques their (HVE) results in their(appraisers) own markets, their (HVE) polished spin would quickly become unbalanced. Just look at their (HVE) list of distributors. The most ethical and competent players in real estate.

Edited to clarify the extraordinary number of theirs there.

sf.freddiemac.com

Distributor Network

The Home Value Suite is licensed and serviced through a distributor network. Each distributor provides unique value-adds with distinct pricing, packaged products, reseller networks, and/or service commitments.
sf.freddiemac.com sf.freddiemac.com
 
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Joe Flacco said:
How much would you guys charge for an appraisal report that looks like this sample report? No other information needed.
Click to expand...
Just do an MLS search on few perameters, conclude a value within a few percent of the high end of range. $50, next.
 
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