This VA appraisal I'm reviewing is one of the worst I've read. Is there any way I can report this to the VA?

[glenn walker]

What about the part of USPAP that discusses 'misleading' or 'not credible' report?

Looks to me like the number of mistakes qualifies it as a misleading appraisal report.

Doubtful the lender will send it to the state. I would if I was in your shoes. Someone in higher authority needs to 'have a talk' with this appraiser.

On VA a review like that is almost always due to a default or potential defualt or some other serious issue.
Once the review is completed the loan servicer will most likley submit it to his RLC with actions they have decided to make. it's very rare to get outside VA reviews done except in these rare cases. When I was a ( SAR ) at Lender we were not allowed to recommend different values or to make changes and could only ask teh VA apparsier to respond to questions. Anything really bad was forwarded to our RLC Center and they could deal with it. USPAP accusations are never made. "its called potential "Applicable standards and Requirements " omissions .

 

[Bob Ipock]

The very reason we have so many bad appraisers is because gutless appraisers won't file complaints. You don't get to be the judge or jury. When you see a serious violation, you are obligated to file a complaint. You simply send in a complaint with a copy of the appraisal. Take a highlighter and mark everything you think the board needs to look at. If you see someone shoplifting. or stealing someone's property do you just turn your head?

Everyone needs to read USPAP. Page 7, lines 196-197. We all have an obligation to report appraisals we come across that are "misleading or fraudulent". Numerous people have been sent to prison because an honest appraiser filed a complaint.

 

[Bob Ipock]

What about the part of USPAP that discusses 'misleading' or 'not credible' report?

Looks to me like the number of mistakes qualifies it as a misleading appraisal report.

Doubtful the lender will send it to the state. I would if I was in your shoes. Someone in higher authority needs to 'have a talk' with this appraiser.

Page 7, lines 196-197.

 

[Ariba]

You are so lame the LA Times does not report Civil Cases about small disputes between people. Only high profile crimes and things of general interest There are thousands of Civil cases each month in our County of almost 10 Million People . Where eh hell do you live in a Village in the Rocky's where mail is delivered by
Pack Mules and you read who got divorced that week

The POS learned sometimes you just don't want to screw with some people especially when his family also owned a well known Los Angeles Real Estate and Business Law firm

Yes, they would when a well-known Los Angles Real Estate and Business Law firm is involved. $15,000 is small?

 

[Overimprovement]

Everyone needs to read USPAP. Page 7, lines 196-197. We all have an obligation to report appraisals we come across that are "misleading or fraudulent". Numerous people have been sent to prison because an honest appraiser filed a complaint.

Don't think this applies as the results have already been communicated. This might deal with a supervisor allowing something they should not, or similar. It doesn't say report someone who does do this. The section referenced is under conduct, and deals mostly with what the appraiser performing the assignment should or should not do, not a 3rd party appraiser.

 

[Terrel L. Shields]

the LA Times does not report Civil Cases about small disputes

Our small claims are not publicly recorded - you could do a FOIA request I suppose, but if the court recorder didn't transcribe it, you may have to pay for the transcript.... I testified in court once and wanted the transcript. Since neither lawyer asked for it, I was told it would cost me $1,100...no thanks... I will try to "summarize" my oral testimony for 3 fricking hours on my own. Geez.

 

[Ariba]

The very reason we have so many bad appraisers is because gutless appraisers won't file complaints. You don't get to be the judge or jury. When you see a serious violation, you are obligated to file a complaint. You simply send in a complaint with a copy of the appraisal. Take a highlighter and mark everything you think the board needs to look at. If you see someone shoplifting. or stealing someone's property do you just turn your head?

Everyone needs to read USPAP. Page 7, lines 196-197. We all have an obligation to report appraisals we come across that are "misleading or fraudulent". Numerous people have been sent to prison because an honest appraiser filed a complaint.

This would be a full-time job, with no pay, with no upside. How many appraisers have you turned in and what was the final outcome? A waste of time.

Also, on the original post, what is the lenders responsibilty. Lenders have many resources at their disposal besides the appraisal report to check the accuracy.

 

[Mejappz]

User driven results. Where all the USPAP boxes checked?

 

[Terrel L. Shields]

The very reason we have so many bad appraisers is because gutless appraisers won't file complaints.

Again, if you file it implies you "reviewed" the report. If you actually did a review then, in my state, that too goes to the board. It's not uncommon for such reviews to fail the smell test as well. Further, some lenders will discourage you from filing such. Lastly, and the biggie in my book, is that the average appraiser may disagree with the results and try to place themselves into the report disputing comps, adjustments, etc. Most USPAP "violations" end up not being violations of USPAP when the fully vetted. And I know years ago when my mentor was contesting ROW takings, the appraiser for the electric company would routinely turn in Brad for no particular reason. After the second one, the state board warned the other guy (a CG stud duck) one more and it had better be good because the board would sanction HIM as well as my mentor saying, "one more and we go to court for slandering my license..."

 

[TerryRohrer]

Lenders and AMCs should be doing the reporting, as directed by the 13-year-od Dodd-Frank statute. It can certainly be argued that an appraiser reviewing an appraisal for financing purposes is involved:

"(e) Mandatory Reporting.--Any mortgage lender, mortgage broker,
mortgage banker, real estate broker, appraisal management company,
employee of an appraisal management company, or any other person
involved in a real estate transaction involving an appraisal in
connection with a consumer credit transaction secured by the principal
dwelling of a consumer who has a reasonable basis to believe an
appraiser is failing to comply with the Uniform Standards of
Professional Appraisal Practice, is violating applicable laws, or is
otherwise engaging in unethical or unprofessional conduct, shall refer
the matter to the applicable State appraiser certifying and licensing
agency."