"Quantifiable Market-Derived Methods" for adjustments required by FNMA/USPAP

[Tom D]

With me only doing big urban row homes with maybe 2 adjustments, i never get stipped. But i be the 1st one to be not needed in the new more better fannie alternative value love fest

But i got the secrete sauce that CU doesn't know. I know all the boundry lines where the values can dramatically change. We shall see, unless the new uad3.6 drives me over the cliff first.

 

[Fernando]

There was a time when it was simply a process of applying sensitivity analysis within the grid by narrowing the range of adjustment. Quick comparisons were made in your head. They were as reliable as SA, but you have no graph - and "show your work" is now the standard. That is easy to do with excel. real easy so why not do it?

What you talking about? I don't use graphs and excel. Appraisers before didn't use it. Why now?

 

[Fernando]

From your posts. it appears your clients only make sure all of the boxes get checked

Reviewers today are not appraisers. Learn the right boxes to check.

 

[Dublin ohio]

Reviewers today are not appraisers

That's why you need to get better clients

 

[djd09]

You just had to bring up CU....

My report was rejected....the CU gave the lender 3 sales for me to consider...

Appraised value 730k. 8 sales and listings from within the subjects pud.

CU sales
1 sold for 900k with a pool. To be fair, it's was the same model as of the subject.

2nd in a adjacent pud, pool and higher quality sold 870k

3rd.....had a pool. Sold 810k.

Subject doesn't have a pool. Refi, but was on the market for 95 days and expired 1-25 at 765k.

SO..MY quality score went from being the second best in the county to the dead last 15.

And you wonder why so many are leaving this waste land known as the appraisal profession.

it is never cut and dry...but that doesn't answer my question...how do the mortgage brokers and CU apply adjustments when waiving the appraisal?

 

[Charles West]

What you talking about? I don't use graphs and excel. Appraisers before didn't use it. Why now?

How do you derive your adjustments? How do you not use Excel or something similar to determine contributory value, square footage adjustments, etc? How do support your adjustments?

 

[Terrel L. Shields]

Appraisers before didn't use it. Why now?

He practices sorcery, ergo is smarter than I.

 

[Fernando]

He practices sorcery, ergo is smarter than I.

Fernando magic in writing big beautiful appraisals.
Real appraisers don't need graphs and Excel. What did they do when Excel didn't exist?

 

[Terrel L. Shields]

What did they do when Excel didn't exist?

We did it manually... with pencil and paper.

 

[Charles West]

Fernando magic in writing big beautiful appraisals.
Real appraisers don't need graphs and Excel. What did they do when Excel didn't exist?

You better find something else to do, that's not going to cut it.