USPAP class for the thirteenth time

[Terrel L. Shields]

cite a couple of those changes

The 3 year rule was explicitly in response to Flips and the GSEs were complaining about those.

 

[djd09]

im·par·tial
/imˈpärSH(ə)l/
adjective

1. treating all rivals or disputants equally; fair and just.
   
   
   
   
   i dont see the borrowers adding to the SOW...but there they are turning the appraisers into the state...well they must of not got what they didn't order but paid for...they are bigger suckers then appraisers

 

[George Hatch]

USPAP is also somewhat vague. If any anal agency wants to burn you, they will find USPAP mistakes on your report, or at least that perception to fine you.
I actually think the HUD handbook, which most have not actually read, it a better USPAP book than USPAP. HUD spells out exactly what they expect.

I've seen MANY appraisal reports that were in 100% compliance. In direct contradiction to that idea that it can't be done. Not to mention the point that none of the users actually promulgate a 100% zero defect expectation. USPAP directly contradicts the strawman of the impossible expectation right at the beginning of the COMPETENCY RULE

 

[djd09]

they are calling appraisers racists and the mortgage brokers are doing appraisals...keep pushing the status quo

 

[George Hatch]

im·par·tial
/imˈpärSH(ə)l/
adjective

1. treating all rivals or disputants equally; fair and just.
   
   
   
   
   i dont see the borrowers adding to the SOW...but there they are turning the appraisers into the state...well they must of not got what they didn't order but paid for...they are bigger suckers then appraisers

The borrowers are not users of the appraisal. Nevertheless, their lack of standing in the appraiser/client relationship doesn't justify permitting the appraisers to tell lies in appraisal reports on behalf of their clients, which is what you are proposing.

I can't believe the idea of promoting client-advocacy is even coming up for discussion in an appraiser platform. This is what happens when we raise appraisers up in the lap of the loan salesmen and not in the lap of the due diligence side of the lending business.

 

[djd09]

Independent means not influenced or controlled by others...

 

[djd09]

you want to know what client bias is...ask the paying sponsors on 15th st

 

[George Hatch]

The 3 year rule was explicitly in response to Flips and the GSEs were complaining about those.

I knew that would come up and it is a fair point, but to be fair sales history goes all the way back to the beginning. It's not something that just got added recently because some non-appraiser entity got added to the BOT or the ASB. The IRS has it's own requirements on that, too.

Now explain how that reporting becomes a drag on your ability to compete in the market with evaluations. Show us on your fee doll where this requirement touched you.

 

[djd09]

The borrowers are not users of the appraisal. Nevertheless, their lack of standing in the appraiser/client relationship doesn't justify permitting the appraisers to tell lies in appraisal reports on behalf of their clients, which is what you are proposing.

I can't believe the idea of promoting client-advocacy is even coming up for discussion in an appraiser platform. This is what happens when we raise appraisers up in the lap of the loan salesmen and not in the lap of the due diligence side of the lending business.

impartial means treall ALL parties equally...well duh

 

[djd09]

i know i dont sign no NDA's...how about you?