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The Perfect Appraisal Request

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Rick Neighbors

Senior Member
Joined
Jan 19, 2002
Professional Status
Certified Residential Appraiser
State
Texas
My local bank President called me and asked me what I thought of their "appraisal request" as it was currently worded. She wanted to make sure that they had the "perfect" appraisal request. :)

I told her that I would review it, ask some of my esteemed colleagues for their input, and let her know what I came up with.

As a for instance, they have a line in their request that reads:

" The appraisal may vary from the USPAP Standards, but must include all pertinent data in regards to the evaluation method used".

She also asked me, after a rather long conversation about the appraisal business, if I would be willing to come to the bank and give a little talk about appraising. I told her that I would definitely give that some serious thought, but to my self I was thinking what a great chance to tell some loan officers where we are coming from as Appraisers. Now that I have been thinking on it, I'm concerned that I might not be able to get our "message" across to them.

What say you? ( About both the appraisal request and the "seminar".)

I value your input.

Rick
 

redfish

Senior Member
Joined
Sep 2, 2007
Professional Status
Certified Residential Appraiser
State
Michigan
Tell them "it is what it is".
 

Rick Neighbors

Senior Member
Joined
Jan 19, 2002
Professional Status
Certified Residential Appraiser
State
Texas
Reply

Well, I think I would go into a little more detail than that.

She was asking questions about the 3 approaches to value, FIREA, competency, etc.

I hope to be able to give them a quick lesson in why we do what we do.

Rick
 

woodyva

Sophomore Member
Joined
Jun 6, 2008
Professional Status
Certified Residential Appraiser
State
Virginia
Ihave done several LO seminars like this: they are a blast. Make sure you allow ample time for questionss. they typically have several.
 

Wayne Tomlinson

Senior Member
Joined
Jan 25, 2005
Professional Status
Certified General Appraiser
State
Illinois
Get yourself ready and go for it.

That is an opportunity to die for.

While you are at it, explain why you cannot not be USPAP compliant even that is ok with her/them.

Good luck, and many happy call backs.

Wayne Tomlinson
 

Bearslide

Senior Member
Joined
Dec 9, 2004
Professional Status
Certified Residential Appraiser
State
Pennsylvania
What a great opportunity! Go for it - maybe you will be able to make a difference with at least one lender. I'm impressed they are asking.
 

Joker

Elite Member
Joined
May 28, 2002
Professional Status
Certified General Appraiser
State
Ohio
Why would the order say that the appraisal can vary from USPAP? All of my orders say the opposite.

Welcome the opportunity, sell yourself and the profession. Don't preach; explain how an appraisal from a certified professional protects their assets and keeps them compliant with federal regulations.
 

Hamlet

Elite Member
Joined
Aug 14, 2006
Professional Status
Certified Residential Appraiser
State
Ohio
I agree that is a positive sign if they are willing to learn the appraiser’s perspective. Pass on your knowledge to the grasshoppers, my friend. :clapping:

Oh yeah, tell her that USPAP is not voluntary for an appraiser.:)
 

Mztk1

Senior Member
Joined
Dec 3, 2006
Professional Status
Certified Residential Appraiser
State
Florida
My guess is she says the appraisal can vary from USPAP because the bank is not federally regulated and they don't have to even use appraisers. In Florida, an appraiser by filling out the application commits to following USPAP even in non-FRTs. I don't know if that is true in every state.

I've been asked to do these before but I have an extreme fear of talking in front of people. I become self-conscience and being a person who lives blissfully unaware of himself, that is a very awkward feeling.

So what I have done is meet with individual LOs. I am much better one on one or even one on two or three. Once it becomes an audience though, I don't like it.
 

Rufus

Junior Member
Joined
Apr 3, 2008
Professional Status
Licensed Appraiser
State
Indiana
A week or two before, type up a general outline of what you intend to cover and give that to those that will be attending. Ask them to write out their questions in advance. This will help you to fine tune your talk before you go. And as mentioned before, allow time for Q & A afterward for new questions.
 
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