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Veteran Affairs Home Loan Guarantee Program Faces Appraisal Problems Dsnews.com

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Mike Kennedy

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
You notice they don't use the word "Tidewater." They have been trying to phase out that term.
 
No shortage of VA appraisers here in Phoenix. Between the fee increase in December and the addition of who knows how many appraisers to the panel my weekly assignment volume is down to 1 these days. ;(
 
CindyR said:
No shortage of VA appraisers here in Phoenix. Between the fee increase in December and the addition of who knows how many appraisers to the panel my weekly assignment volume is down to 1 these days. ;(
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Only 1 this week also, typically it's 4 or 5.
 
I'm new to the VA roster and had no idea how much volume to expect. I was dreaming of several per week, but have completed just 2 in the past month. Was hoping this was going to be my chance to kick a few crappy clients to the curb, but now it looks like that's not going to be an option.
 
graindart said:
I'm new to the VA roster and had no idea how much volume to expect. I was dreaming of several per week, but have completed just 2 in the past month. Was hoping this was going to be my chance to kick a few crappy clients to the curb, but now it looks like that's not going to be an option.
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Hang in there. I was averaging 4 to 5 a week until the start of this year. It has been a little slow, but there have been slow downs like this in the past and it usually picks up again.
 
graindart said:
I'm new to the VA roster and had no idea how much volume to expect. I was dreaming of several per week, but have completed just 2 in the past month. Was hoping this was going to be my chance to kick a few crappy clients to the curb, but now it looks like that's not going to be an option.
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I am in the same boat...I have been receiving roughly 1 assignment per week for about a month. I hope it does pick up as I have a few AMCs I would love to tell them to kick rocks:)! On a side note I have been reading over the handbook and material that they sent over. It seems they are fairly vague on MPR guidelines. I do think they need to step up training.
 
Mike Kennedy said:
http://www.dsnews.com/daily-dose/04...an-guarantee-program-faces-appraisal-problems


VA Home Loan Guarantee Program Faces Appraisal Problems
DSNews.com - ‎Apr 4, 2017‎
The National Association of Realtors (NAR) and other industry leaders testified before Congress this week to discuss the Veterans Affairs (VA) Home Loan Guarantee Program. “America's veterans have been well-served for years by VA's appraisal system, ...
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“What we’ve found is that, among appraisers, there’s a real reluctance to work with the VA,” Bradley said. “Generally, appraisers are dissatisfied with the level of compensation they’re receiving for their work."

Who ever said this?? Most like working for VA and their fees are just fine.



"Still, Bradley praised a system called “Reconsideration of Value,” which has VA appraisers notify the lender’s point of contact if the sale price of a home is higher than the appraisal."

Why is this a good thing? Appraiser's are supposed to be unbiased without any influence?


I just don't get a lot of articles I see on appraising. Most have nothing good to say...a lot of times the article is just false propaganda. This industry has a very difficult road ahead. It's not because of the appraiser's themselves...but every other industry wants to see the industry gone.
 
"Still, Bradley praised a system called “Reconsideration of Value,” which has VA appraisers notify the lender’s point of contact if the sale price of a home is higher than the appraisal."

Why is this a good thing? Appraiser's are supposed to be unbiased without any influence?


Excellent Question.
 
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