Termite Certification

[Tshink]

I completed an appraisal assignment subject to a termite certification. There was evidence of infestation, which the homeowner indicated had been previously treated, but they never repaired the damage (interior door trim). They provided a termite cert, but the underwriter is insisting I clear the condition. Suggestions?

 

[Randolph Kinney]

I completed an appraisal assignment subject to a termite certification. There was evidence of infestation, which the homeowner indicated had been previously treated, but they never repaired the damage (interior door trim). They provided a termite cert, but the underwriter is insisting I clear the condition. Suggestions?

The UW can clear the inspection results with the cert that was provided.

 

[Tshink]

The UW can clear the inspection results with the cert that was provided.

I know they can, but they are refusing to. Do you where in FNMA UW guidelines it says that? If I can provide it to the AMC, perhaps that will make it go away. Now they are asking for an update or final inspection. Initially they wanted me to change the report, which I refused.

 

[Terrel L. Shields]

Tell them that is above your pay grade. Final. Nada. I will not "certify" anything. Nor do I need to. Not part of my job.

 

[Person of Noninterest]

I ran into a similar situation recently. The lender would not clear the appraisal for an inspection requirement that had been satisfied. I charged them my standard fee for a 1004D, took new pictures of the outside of the property, and stated that I had reviewed the inspection results.

 

[Randolph Kinney]

Appraisal and Property Related Frequently Asked Questions (FAQs)

Updated May 2015


Q30. What is expected with regard to the appraiser’s inspection of a property?

In situations where an adverse property condition may be observed by the appraiser but the appraiser is not qualified to decide whether that condition requires immediate repair (such as the presence of mold, an active roof leak, settlement in the foundation, etc.), the property must be appraised subject to an inspection by a qualified professional. In such cases, the lender may need to ask the appraiser to update his or her appraisal based on the results of the inspection, in which case the appraiser would incorporate the results of the inspection and measure the impact, if any, on his or her final opinion of market value.

https://www.google.com/webhp?source...F-8#q=fannie+mae+clearing+required+inspection

 

[Mark K]

I completed an appraisal assignment subject to a termite certification. There was evidence of infestation, which the homeowner indicated had been previously treated, but they never repaired the damage (interior door trim). They provided a termite cert, but the underwriter is insisting I clear the condition. Suggestions?

I guess I don't understand?

You completed a conditional report subject to a termite cert.

They provided the cert.

Why don't you want to remove the condition? You don't have to certify anything, just remove the "subject to" and make it "as-is".

Or...do they also want you to remove comments about unrepaired termite damage?

I see those as two different issues. The first is not a problem. The second is.

 

[Tom D]

i assume this was a refi. they had a termite cert & you couldn't wait to get it, you conditioned it. seems like you got a self inflicted headache. some door trim infested? i guess you could have just asked for that to be repaired. minor everything, well, except for the headache, wasted time, and lender nervousness you created. hope it was worth the need for appraisal perfection.

 

[jay trotta]

Appraisal and Property Related Frequently Asked Questions (FAQs)

Updated May 2015


Q30. What is expected with regard to the appraiser’s inspection of a property?

In situations where an adverse property condition may be observed by the appraiser but the appraiser is not qualified to decide whether that condition requires immediate repair (such as the presence of mold, an active roof leak, settlement in the foundation, etc.), the property must be appraised subject to an inspection by a qualified professional. In such cases, the lender may need to ask the appraiser to update his or her appraisal based on the results of the inspection, in which case the appraiser would incorporate the results of the inspection and measure the impact, if any, on his or her final opinion of market value.

https://www.google.com/webhp?source...F-8#q=fannie+mae+clearing+required+inspection

RK - Just to add a bit, this would also fall under a New Assignment, as it was not in the Original Order; Do your job (OP) request the New Order & Price it accordingly and move on.
PS: don't forget to include a comment regarding your previous inspection.
We are "Independent Fee Appraiser's" - Each Order is Independent, and Requires a Fee

 

[Tom D]

RK - Just to add a bit, this would also fall under a New Assignment, as it was not in the Original Order; Do your job (OP) request the New Order & Price it accordingly and move on.
PS: don't forget to include a comment regarding your previous inspection.
We are "Independent Fee Appraiser's" - Each Order is Independent, and Requires a Fee