Revision request (remove comments)

[Tru Red]

After submission of my appraisal report, if the client requests any revisions, clarifications, additional comments then this appraisal report will function as a draft and will be invalid.

 

[spittman]

If they didn't want the comments in the report why ask for a revision??? I have made revision requests go away just why simply responding on the client's portal messaging system or through email. I hate opening up the appraisal just to make small, irrelevant changes that don't have anything to do with value or that a normal person would even need clarification on. Had one client want me to capitalize a letter in the middle of the lender's name - ex. MortgageCo vs Mortgageco. Does it really matter? Another time the reviewer asked to address market trends. I message them back on the portal that the comments are already in the report. Please refer to the additional addenda immediately following the URAR. The reviewer then makes the dumbest response by asking me to copy and paste my comment from the portal into the revised report. How asinine is that???

 

[jalacart]

Ya If it’s already addressed in that report I just Respond in the portal, I’m not going to add a revision in my report to tell them it’s already in the report, that makes zero sense. Had one today asking for me to add an MLS photo for a gated home…..which I had already done in the report! I push back on any revisions that aren’t legitimate.

 

[Tru Red]

Ya If it’s already addressed in that report I just Respond in the portal, I’m not going to add a revision in my report to tell them it’s already in the report, that makes zero sense. Had one today asking for me to add an MLS photo for a gated home…..which I had already done in the report! I push back on any revisions that aren’t legitimate.

I was told by a friend at an AMC that they will often try to do this so the AMC can try and get extra time to pay the appraiser fee.

Update because I forgot to mention this: no actual names but I had a person at NewDay USA (which should actually be called NewDay India as the MAJORITY of their people employed are in India) use this ploy as well with most of their loans - VA, FHA, Conventional, etc. They will ALWAYS try to find a revision 4 to 7 days after they receive the report because that often gives them an extra 10 to 21 days to pay the appraiser. It add's up to a LOT with all the loans they fund and allows them control their payments to their schedule. They could care less if the appraiser is paid within 30 days or 90 days.