Review: Appraiser I'm reviewing calls me

[rcsone]

....being simple---when I receive on paper, I exchange same materials to address enclosed......conversations are difficult to wrap, weigh, ship and travel safely.......most seem to blow up somewhere in the process and the re-assembly of all those scattered parts later has proved too onerous and, further, they seldom resemble anything one should be proud of or recognize......best to all...........rs

 

[Conservative in Virginia]

all good information... reviewer should not talk to reviewed...

I would not bust his chops too much... hell, If someone called me and said, "hey they are reviewing the appraisal and they want you to call this guy.. his name is ^^^^^^ call him now at this^^^^^^^" I probably would. They may NOT have told him you are an independent appraiser... hell, for all he knew you could have been a processor questioning the legal description.

Especially if it is an MB they may be hoping the two of you will end up talking and becoming friendly towards the end result that will benefit them. MUCH like the prep their customers/homeowners to treat us like rich uncle Harry comin' for a visit.

 

[RSW]

all good information... reviewer should not talk to reviewed...

I would not bust his chops too much... hell, If someone called me and said, "hey they are reviewing the appraisal and they want you to call this guy.. his name is ^^^^^^ call him now at this^^^^^^^" I probably would. They may NOT have told him you are an independent appraiser... hell, for all he knew you could have been a processor questioning the legal description.

Especially if it is an MB they may be hoping the two of you will end up talking and becoming friendly towards the end result that will benefit them. MUCH like the prep their customers/homeowners to treat us like rich uncle Harry comin' for a visit.

Sounds like your post is giving a mixed message. On one hand you are saying you would probably call the appraiser reviewing your appraisal but on the other hand you are indicating that the MB wants the two appraisers to become buddies.

What gives?

 

[c w d]

It seems clear to me what he is saying. If someone tells you to call the review because they say the reviewer needs to talk to the reviewee, the reviewee most likely will. However, the reviewer should not talk to the reviewer without specific need to do so.

 

[c w d]

Anyone one find it odd that an appraiser really has no where to turn to file a complaint on this kind of unethical behavior on the part of mortgage brokers, yet every state has an appraisal board that usually can't handle the case load?

Doesn't seem odd to me at all Joyce. This is how big business can conduct business as usual. Can't have regulatory entities getting in the way, now can we?

 

[laynelucia]

Tim, Precisely on one point, you are reviewing the Appraisal...remember, BE OBJECTIVE and keep in mind the potential circumstances of their appraisal, interior condition,etc. Also, I would say to them "thanks for calling, if I have any questions, i will give you a call for clarification."

 

[Michigan CG]

Is't the original appraisers name supposed to be covered up/whited out? I haven't seen any lately, I should refuse the order, especially in a small market or if I know the guy.

That is not correct. Every review I have done I know who the appraiser is and have talked to the appraiser or e-mailed them for clarification. Most review work was for eminent domain and the review process was to make sure the property owners were treated fairly -- two or three opinions are better than one.

As a group we are smarter and cooperation between the appraisers produces better results. Not all reviews should have the attitude of looking for fraud and other unscrupulous activities.

 

[Michigan CG]

Metamorphic are you doing review appraisals as an "Appraiser Trainee"? How do you sign the reveiw form with your state certification number or your state license number. Looking at the form I don't see a place for trainees. I don't see any place for the supervisor appraiser? I am new on this site but I have been appraising for over twenty years. I am all for quality control but I do think we should have better control over reviewers. Metamorphic I don't know your knowledge or abilities I am questioning Appraiser Trainees doing review appraisals. Does anyone else have a problem with Trainees doing review appriasals.

Can someone please explain to me why every time a trainee talks about doing a review someone has to chastise the poster being a trainee?

Exactly how does one learn to review if they cannot do it as a trainee? Are the posters assuming that the trainee is not being supervised? That would be a legitimate argument. But if one assumes that a trainee has a good mentor then the mentor is indeed training the trainee.

Review work is one of the BEST ways to learn the profession in that the trainee gets to see the work or other appraisers and can learn both good and bad things from the reports they get to review.

As a trainee I reviewed millions of dollars worth of appraisals, and my mentor was there all of the time because his name was being signed on the review. If I was not allowed to review those reports, and taught how to review those reports, I would not be competent to do reviews.

Why is it that review work is so sacred to some, while it is ok for a trainee to "appraise" the most valuable asset most people will have in their lives?

I continue to be confused why some appraisers think that a trainee should not do review work. If you are not trained to do it, how do you become competent after you are licensed?

 

[c w d]

Can someone please explain to me why every time a trainee talks about doing a review someone has to chastise the poster being a trainee?

Because trainees doing review work for a sub-par supervisor happens more times than you think. My first supervisor would unload his review work on me with little supervision. So, I left and found a better supervisor.

 

[Kevin Mc]

Can someone please explain to me why every time a trainee talks about doing a review someone has to chastise the poster being a trainee?

If a trainee is assigned reviews (desk reviews) to check nuts and bolts I have no problem with it. Trainees should not being doing field reviews or so called "enhanced reviews" with comparable and value judgments. You do not learn how to do reviews, you learn how to do appraisals. Once one is extremely adept at appraising, then one can certainly do a review. IMO until one proves them self in the field and gets the experience and time under their belt, they has absolutely no business dissecting other's work for anything other than nuts and bolts.