USPAP class for the thirteenth time

[Mejappz]

yeah it would be nice if the supreme beings of 15th st loosened the handcuffs so we could compete...with the unlicensed mortgage broker appraisers

They want to keep you on their plantation. Just look at how TAF has lobbied against evaluations at the state level. If they lose control of appraisers, they risk losing control over the money supply.

 

[George Hatch]

Since djd is incapable of answering the question, maybe you are a little more familiar with what you're talking about.

In what way do you think the requirements of USPAP impede or complicate your ability to compete with people performing evaluations?

 

[sputnam]

I remember the first USPAP class I took in 2002. The instructor said a new book comes out every two years and I know what you’re thinking, what other profession changes their ethics every two years? I should’ve known at that very moment that this profession was seriously lacking leadership at the top.

Every profession evolves. Every standard evolves. The core principles, especially of ethics, not as muich. Ethics is not the only thing that USPAP deals with. Maybe if appraisers demonstrated that the majority of us understood and complied with USPAP, the two year cycle might be reconsidered. You might argue that you took USPAP once or even a few times and that's enough. You might understand it well and comply every time but, I see USPAP violations every work day and that tells me that many of our fellow appraisers don't know and understand USPAP.

 

[djd09]

Here's the entire sentence that you so creatively edited:

​

You can see the graphic and their explanation for how they make the decision, right above the additional explanation in the entire sentence from which you clipped that fragment. DU issues the acceptance AFTER their analysis of the entire package, not in lieu of any analysis. The talking point you've been trying to use is simply untrue, and is directly contradicted by their own explanations. Not to mention contradicted by all common sense.

Answer the question: if "using Fannie Mae's database of 61 millions appraisals in conjunction with proprietary analytics from CU" doesn't describe the use of an AVM then what other thing does it describe? Why reference either the database or the analytics in a comment about DUs acceptance process if they aren't using them?

How do you think those Wells LOs got caught trying to sneak those properties into the waiver program despite their actual value exceeding the dollar limitations in the program? Because their estimates were so far out of line with what Fannie already thought those values were via their CU process.

oh so the gse's are appraisal companies now...thanks for proving my point

 

[ucbruin]

"You might understand it well and comply every time but, I see USPAP violations every work day and that tells me that many of our fellow appraisers don't know and understand USPAP."


What violations are you seeing....

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******
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I'm not a fan of taking USPAP (and/or any CE courses) every 2 years....

I liken appraiser's license to driver's license....
You take driving lessons, you take and pass the written, driving and vision tests, you pay for renewals every few years....
No major moving violations, no further tests required....

 

[djd09]

USPAP thinks a shotgun marriage of banksters and appraisers is a good idea... the parties we were supposed to keep in check....squeal squeal piggy piggy

 

[George Hatch]

USPAP is oriented to "meaningful and not misleading to intended users". It isn't oriented to firing off widgets on autopilot and completely ignoring the legitimate needs of those users.

Many of the things you do in a mortgage lending appraisal are user-driven and in excess of USPAP. Blowing their legitimate requirements off under the reasoning that they have no say in what they considering to be meaningful will only make an appraiser's work unmarketable to them.

You can't even come up with something you would like to see change or omitted in USPAP. You just hate it because there are standards which are aimed at everyone, including you.

The time may have passed when the ASB should have gone to 4 yr cycles to mesh with the license renewal cycles, but letting it go for 8 years (2 cycles) at a time might be pushing it when considering a lot of appraisers never read any of the material except in an update.

 

[djd09]

client bias..what else would a banker boy say

 

[Mejappz]

https://twitter.com/x/status/1852481621418533149

https://twitter.com/x/status/1852716944153043161

why do they hate us so much...

The only ones that need to be euthanized are every single employee at TAF, the GSEs/HUD, and the ASC. Deep down these sewer rats know they deserve it. Poor peanuts and their owners. They are another casualty of a government that does not represent those who voted for them but instead, those who write their checks.

 

[George Hatch]

client bias..what else would a banker boy say

How is following the grocery list of what the lender considers to be meaningful to their decision an example of advocating FOR the client's interests and AGAINST the borrower's legitimate interests?

Is it immoral and unethical and unprofessional for an appraiser to adhere to the appraisal policies of the GSEs or FHA or VA or the FRT lenders? Because that's effectively the argument that you're making when you are cracking wise about client bias in a discussion about the role of intended use/user in the appraiser's SOW decision. "I don't answer questions. What I do is none of their business. " is not an example of rendering appraisal services in a professional manner. Not to any user and not for any use.

The MBs you would prefer to work for aren't even users of the appraisal. They don't make loan decisions, it's not their money that's going out the door and whatever benchmarks THEY have for what is/isn't a good appraisal have nothing to do with meaningful and not misleading to the actual intended user. But you apparently think it's somehow equally moral or more moral to work them? Because Congress has disagreed with that protocol enough to prohibit it for the loan transactions that the govt regulates. Twice, and in separate RE cycles.