ValueNet

[CANative]

Must be a skin condition. Too thin.

 

[J Grant]

This - exactly

This is a key reason that users are seeking alternatives to the 1004. Most 1004s do not offer a compelling reason to believe them.

Then it falls on the AMC;s and lenders why are they imposing 48 hour turn times, issuing scorecards based in part on speed and fee, shopping for low fees, and then hire appraisers who don't have the time or skill to write narrative /offer compelling reasons?

That's on them- they set a business environment that economically punishes quality work, so they got what they created. Fannie's reasons are about increasing speed and "efficiency". aka to compete on playing field of Amazon/Dominoes Pizza delivery.

 

[J Grant]

I don't think Addie has a very high opinion of us.

Mutual

 

[DWiley]

Then it falls on the AMC;s and lenders why are they imposing 48 hour turn times, issuing scorecards based in part on speed and fee, shopping for low fees, and then hire appraisers who don't have the time or skill to write narrative /offer compelling reasons?

That's on them- they set a business environment that economically punishes quality work, so they got what they created. Fannie's reasons are about increasing speed and "efficiency". aka to compete on playing field of Amazon/Dominoes Pizza delivery.

Really?? Please tell me, out of the last 50 reports that you did, how many of them contained the data and analysis supporting your GLA adjustment?

This is not an AMC issue - it is an industry/appraiser issue.

 

[TRESinc]

Then it falls on the AMC;s and lenders why are they imposing 48 hour turn times, issuing scorecards based in part on speed and fee, shopping for low fees, and then hire appraisers who don't have the time or skill to write narrative /offer compelling reasons?

That's on them- they set a business environment that economically punishes quality work, so they got what they created. Fannie's reasons are about increasing speed and "efficiency". aka to compete on playing field of Amazon/Dominoes Pizza delivery.

why are appraisers accepting work they know they cannot complete in a timely manner? last time i checked no one was ever mandated to accept orders from any client.

 

[CANative]

Then it falls on the AMC;s and lenders why are they imposing 48 hour turn times, issuing scorecards based in part on speed and fee, shopping for low fees, and then hire appraisers who don't have the time or skill to write narrative /offer compelling reasons?

That's on them- they set a business environment that economically punishes quality work, so they got what they created. Fannie's reasons are about increasing speed and "efficiency". aka to compete on playing field of Amazon/Dominoes Pizza delivery.

I don't think most AMC's are "imposing" 48 hour turn times. It's like a wish list. I give them an estimate which they generally calculate to the day and then it becomes part of the order. Doesn't matter when I inspect, the completion day is the completion day.

 

[J Grant]

I don't think most AMC's are "imposing" 48 hour turn times. It's like a wish list. I give them an estimate which they generally calculate to the day and then it becomes part of the order. Doesn't matter when I inspect, the completion day is the completion day.

You seem to be the exception and not the rule
'AMC''s ( ask DWiley) track turn time ( of report and addressing revisions ) and reward and punish for speed via appraiser performance scorecards with delivery time /deadlines ( usually 48 hour after inspect) a key component in getting a high "Score" and the higher the score the more orders they give to that appraiser

My comments are meant to address typical practice-

 

[djd09]

funny how some always feel it is never the AMC's fault. it was never like that before (cuomo). mirror mirror on the wall, who is the cheapest and fastest AMC of them all?

 

[CANative]

You seem to be the exception and not the rule
'AMC''s ( ask DWiley) track turn time ( of report and addressing revisions ) and reward and punish for speed via appraiser performance scorecards with delivery time /deadlines ( usually 48 hour after inspect) a key component in getting a high "Score" and the higher the score the more orders they give to that appraiser

My comments are meant to address typical practice-

This is why I have signed up with almost every AMC that has approached me for 10 or 15 years.

They come and they go. They are disposable clients.

 

[J Grant]

Really?? Please tell me, out of the last 50 reports that you did, how many of them contained the data and analysis supporting your GLA adjustment?

This is not an AMC issue - it is an industry/appraiser issue.

That may very well be, if they are looking for some standard of great detail of how each and every adjustment ( including living area ) was arrived at. I frankly don't know what that universal standard is supposed to be. I know for my work I explain how I arrived at GLA sf contributory value and the way it functions after all other adjustments are made in narrowing the value range, the comps on the grid show it in action, it has a relation to cost approach as well.

But I don't run regression or statisticians to support it. So far none of my clients have asked for that . If they wanted that I'd have to feel confident I could use those programs well enough to understand what they are when used.

Imo this detailed support for adjustment is over rated at times, if other issues are weak in the report. For example, I was given the "other appraisal" in a refinance, done by a cert gen, we both had appraised at different times a very high end property. On and on they went with detailed support for an adjustments that was very militarism to mine for Sf. That appraisers exhibit of support for adjustment was superior to mine. BUT and this is a big one - they LIED, flat out lied about the subject and the comps being in the same subdivision ( they clearly were not, due to nature of this unique area the comps were in gated country club community and subject 1.5 miles away and subject was out side it )

so which report overall is more credible and reliable, one based on a lie with detailed "support" for a Sf adjustment or one based on the truth, with similar sf adjustment but a less detailed explain for the adjustment?

Of course the best would be an appraisal based on truth with detailed adjustment explanation...how many clients want to pay good fees, allow ample time, AND hire honest appraisers ? ...agree it is an industry problem