Thoughts on Reviews

[Tony Blackburn]

We've had a lot of discussions here on the forum about review appraisals and reviewers recently.

While doing the review, it occurred to me how much more I've had to learn in order to do reviews with a degree of competence that the client expects. I am convinced that doing reviews makes one a better all around appraiser. For this reason, I share my reviews with those appraisers I mentor. Nothing seems to bring the lessons home to them like seeing a state licensed appraiser do those things that I instruct them not to do. And to see these mistakes, omissions and commissions spelled out in a written report going back to the client.

To my way of thinking, reviews are not only good for the lender/client to know what kind of product they are receiving. They are also extremely beneficial for the review appraiser to sharpen his/her skills, learning to discern error and communicate that error to the client. These are skills we all can use in developing our own reports.

Just some thoughts this early Sunday morning.

I couln't agree more....

For many years, I have used reviews as a primary demonstration tool for new appraisers. What better way to learn, than to see how NOT TO DO IT!

I'm very proud of the quality that comes out of our office, as far as appraisals go, and I KNOW that is due in large part to poor work we see (Which is not everything) and the diligence and yes, creativity, we have to use to make our reviews on these poor appraisals, as bullet proof as possible.

 

[Tony Blackburn]

I would like to see folks review their own work without knowing it, work done long enough ago that they would not recognize it, and perhaps slipped into a stack of reviews.

I'm sure I would find things I would do differently with mine now, as opposed to years ago.

I do seem to learn something new, every day. Anyone who doesn't, isn't trying hard enough.

 

[Walter Lea Thomas]

Well, I guess my questions are answered. I would like to do some review work but I have enough work that doesn't pay enough now.