Steps to becoming a review appraiser

[Mark Leith]

Getting up in age and these old legs are not what they used to be.
Please give me some tips on becoming a review appraiser.
What is average pay and the time it takes to complete a review thoroughly.

Thank You,

Mark

 

[Walter Kirk]

I always thought that you needed to be a bank teller first. Seriously the so called review appraisers that I have dealt with are pretty dumb minimum wage types.

 

[panappr]

I always thought that you needed to be a bank teller first. Seriously the so called review appraisers that I have dealt with are pretty dumb minimum wage types.

Many years ago the "Review Appraiser" was the top dog usually working hand in hand with the Chief Appraiser and in a supervisory position making a lot more money.... What the heck happened???? :Eyecrazy:

 

[Michigander]

In all seriousness, most people who are reviewers at lenders or AMCs just come in as regular appraisers without any special training. I believe that many companies like to hire someone with a good appraisal background but without specific review experience and then they will train that person to review they way they want them to.

That said, there are courses on review. The appraisal Institute offers a new designation related specifically to review, the national Association of Independent Fee appraisers also has a couple classes related to review. I believe the American society of appraisers also has classes and a designation specific to review. If you are interested in becoming a reviewer, take a class or two to see whether this would be of interest before knocking on a bunch of lender doors. good luck with your pursuit

 

[hastalavista]

...That said, there are courses on review. The appraisal Institute offers a new designation related specifically to review, the national Association of Independent Fee appraisers also has a couple classes related to review. I believe the American society of appraisers also has classes and a designation specific to review. If you are interested in becoming a reviewer, take a class or two to see whether this would be of interest before knocking on a bunch of lender doors. good luck with your pursuit

Very good advice.

 

[Tim The Enchanter]

Many years ago the "Review Appraiser" was the top dog usually working hand in hand with the Chief Appraiser and in a supervisory position making a lot more money.... What the heck happened???? :Eyecrazy:

That's the kind of company I worked for when I started. Taught me to make a quality appraisal.

After several years I moved on to another company, never having done a review. I was handed an order for a field review. He told me to use form 2000, and handed me a maybe 2 page list / instructions of how to do a review appraisal.

The only one I remember right off is "Review the appraisal, not the appraiser". So much for training. Actually there were plenty of discussions about many lousy appraisals I reviewed. :new_2gunsfiring_v1:

 

[BRCJR]

I always thought that you needed to be a bank teller first. Seriously the so called review appraisers that I have dealt with are pretty dumb minimum wage types.

Are they employee appraisers that review or non-appraiser employees that review?

 

[Rlong]

Are they employee appraisers that review or non-appraiser employees that review?

Correct, I doubt the original poster was asking how to be a "lame" AMC administrative employee "reviewer" that only check if form boxes meet the AMC/Clients "review" template.

Professional Appraisal Review, by competent professional certified appraisers is an actual career; however I don't think there will be adequate work going forward only doing residential GSE work.

Bob Long

 

[3 Putt]

Take a look at completing desktop appraisals. They continue to gain popularity and becoming widely accepted in the lending community.

You are limited in your liability (your report is only as good as the data available) and limited in the amount of travel you would have to do.

 

[Eli]

Take a look at completing desktop appraisals. They continue to gain popularity and becoming widely accepted in the lending community.

You are limited in your liability (your report is only as good as the data available) and limited in the amount of travel you would have to do.

Hmmm.....Consider the following:

Full 1004 appraisal is more credible and reliable than a desktop appraisal in most cases, which should limit the risk of a complaint against an appraiser in some cases. So, if completing a desktop vs a full 1004 decreases the degree of credibility and reliability in some cases, wouldn't it stand to reason that the liability an appraiser has might increase in some cases when completing a desktop vs a full 1004?