Subject: Don't just vent about UAD 3.6

[J Grant]

They users are forming their own opinions about what is "good enough" for their usage. Based on whatever criteria - including profitability - they deem relevant to their decision making. They're responsible for the decisions they make and are subject to whatever means their regulators and other critics can exercise to penalize them for any bad decisions.

If that recap appears pedantic it's because it's a waste of time and energy to complain what they should do when the only thing that matters to them is what they're allowed to do.

Gee we understand that. IDK why you post it over and over. What you do add to your post is more blame on appraisers for not offering a "better product" to these users. Our product can not beat an altneraive that increases their profit by having a borrower or lender estimate a value to make the deal work

Funny that value hitting was what the HVCC and Dodd Frank sought to prevent. The GSE did an end run by making sure their product was not an appraisal, since only an apparisal is subject to Dodd Frank/regulations. That makes us less competitive at this point.

 

[George Hatch]

You’ll have to excuse me if I don’t really give a **** what a former revaa lobbyists thinks.

If my fingerprints were all over the changes that are responsible for tuning this profession into what it’s become, Id just collect my check and go into hiding. Like others have.

And by the way, ****ing with people’s careers, livelihoods and abilities to feed their family is very personal. Not all of up take glee in destroying those things.

Most of the USPAP Instructors have nothing with the AMCs except as perhaps performing assignments for them. I have zero affiliation or affinity or relationship with any AMC or their holding companies. Far less so than will appear in your own work history.

 

[George Hatch]

Gee we understand that. IDK why you post it over and over. What you do add to your post is more blame on appraisers for not offering a "better product" to these users. Our product can not beat an altneraive that increases their profit by having a borrower or lender estimate a value to make the deal work

Funny that value hitting was what the HVCC and Dodd Frank sought to prevent. The GSE did an end run by making sure their product was not an appraisal, since only an apparisal is subject to Dodd Frank/regulations. That makes us less competitive at this point.

I think you have missed the point again in what I wrote. What I said was that if the only thing appraisers think they offer is the number then that isn't any different than what the $8 AVM offers.

 

[DWiley]

You’ll have to excuse me if I don’t really give a **** what a former revaa lobbyists thinks.

I snipped that right out of the "USPAP book" It is not what I think; it is just fact. AOs are not, and never have been, USPAP. and, for the 97th time, never was a REVAA lobbyist

 

[chad hampton]

Thank you for admitting the appraisal foundation once thought it was important that a licensed professional perform the inspection.

I wonder who talked them out of it?

 

[djd09]

of course it is a home inspection...the state exempts appraisers from having to get a license for that

 

[djd09]

Oh he reads it...but just certain parts. He apparently never read this part of the book...

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tell them dw...USPAP is so crystal clear they only need 400 aos and 600 faqs

 

[DWiley]

Thank you for admitting the appraisal foundation once thought it was important that a licensed professional perform the inspection.

I wonder who talked them out of it?

LOL - You crack me up. What are you smoking/drinking that leads you to that assertion??

USPAP (TAF) has never required an inspection OF ANY KIND, much less an inspection by a licensed professional. And certainly if inspection is not required, then there can be no requirement about who inspects. That is why the DID or DID NOT inspect option was in USPAP from Day 1.

The requirement for a personal inspection by the appraiser was an additional requirement. And, I hope you are sitting down, it was an additional requirement created by the GSEs. Things change, and that is no longer a GSE requirement in many assignments.

 

[George Hatch]

People just don't seem to using their logic chip in their reasoning.

If USPAP did require personal inspections by the appraiser for all appraisal assignments then there would be a lot of assignments that appraisers would effectively be prohibited from performing. And then people would be complaining about USPAP infringing upon their right to conduct business or forcing them to cede business to other alternatives. If USPAP required ANSI standards for all residential assignments then the critics would be getting uppity about that.

Instead, USPAP defers to the users to decide how much/how little is sufficient for their usage and that's characterized as the result of corruption instead of an acknowledgement that different users have ALWAYS had different expectations for various types of assignments.

 

[djd09]

the day they let the mortgage brokers estimate value without useless USPAP...was the beginning of the end...but do not fret they will reap what they have sown prove me wrong