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Update from Shane Lanham
- Thread starter Terrel L. Shields
- Start date
George Hatch
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified General Appraiser
- State
- California
I am not an SFR specialist but I have signed MANY GSE appraisal forms after 2005 inclusive of my 1-paragraph elaboration on intended use/intended user and have never felt exposed to the C23 issue.
Competency counts. Incompetency might cost.
It's true that I let my alamode subscription lapse due to non-usage back in 2013 but I still have a 1004 format in my own setup just in case somebody thinks they need it. I've used it a handful of times over the last 15 years. Never a worry because I know what I'm doing.
Competency counts. Incompetency might cost.
It's true that I let my alamode subscription lapse due to non-usage back in 2013 but I still have a 1004 format in my own setup just in case somebody thinks they need it. I've used it a handful of times over the last 15 years. Never a worry because I know what I'm doing.
George Hatch
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified General Appraiser
- State
- California
Asked and answered. If one of my clients requests it I'll do it. The fact that I currently operate in a different niche of the appraisal business than you do doesn't mean that I have somehow forgotten how to ride a bike.
Fun fact, I review 1004s performed by other appraisers on a regular basis - I have never been completely disconnected from that report format or from what other appraisers have been doing in those assignments.
One aspect of SFR appraising I haven't been involved with is FHA-related. And it's been a long time since I've seen an ERC report. That's why I never get involved with those discussions WRT those policies..
Fun fact, I review 1004s performed by other appraisers on a regular basis - I have never been completely disconnected from that report format or from what other appraisers have been doing in those assignments.
One aspect of SFR appraising I haven't been involved with is FHA-related. And it's been a long time since I've seen an ERC report. That's why I never get involved with those discussions WRT those policies..
George Hatch
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified General Appraiser
- State
- California
I don't know what you're talking about.
glenn walker
Elite Member
- Joined
- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
- State
- California
Robot Dudes walking on thin ice.
djd09
Elite Member
- Joined
- May 20, 2009
- Professional Status
- Licensed Appraiser
- State
- Ohio
'Deep structural issues': New report calls for appraisal industry reform, blasts lack of diversity
SAN FRANCISCO (KGO) -- A new report released Wednesday by the National Fair Housing Alliance is calling for sweeping reforms in the appraisal industry and highlights a lack of diversity in the field, among other challenges.
When you are looking to purchase a home or refinance your home mortgage the lending institution you're working with hires an appraiser to assure the home value is not less than the loan amount. Now, the profession of roughly 105,000 people is under scrutiny in this new report.
"We didn't expect to uncover some of the issues that we uncovered," said Lisa Rice, CEO of the National Fair Housing Alliance, a national civil rights organization focused on combating discrimination and securing equal access to housing.
The Appraisal Standards and Appraiser Criteria report released Wednesday is believed to be the most comprehensive review of bias in the appraisal industry to date, spanning 80 pages.
"There have been lots of anecdotes of appraisal bias," said Rice. "What our study shows is that these issues are not one-offs, that there are some really deep structural issues and barriers that no one family could overcome."
'Deep structural issues': New report calls for appraisal industry reform, blasts lack of diversity
A new study featuring reporting from ABC7 News calls for sweeping reforms to the appraisal industry and scrutinizes the lack of diversity in the profession.
i'm on thin ice...so are you
