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video - THE VALUE OF APPRAISERS

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Kevin Mc

Elite Member
Joined
Jun 7, 2004
Professional Status
Certified Residential Appraiser
State
New York
Smart man that Nate Kean.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
Why did he not mention the fact that some appraisers manipulate the data in order to hit the magic number or ignore the six sales in the subdivision and go three miles away in order to support the value needed.
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
I can't help but get the feeling Nate is just a MB who has his favorite
appraisers. Nate likes 'good appraisers' who make his deals
work.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
I can't help but get the feeling Nate is just a MB who has his favorite
appraisers. Nate likes 'good appraisers' who make his deals
work.


I think you may be right!
 

timd354

Elite Member
Joined
Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
I can't help but get the feeling Nate is just a MB who has his favorite
appraisers. Nate likes 'good appraisers' who make his deals
work.

That may be true or he may be one of the few mortgage brokers who actually gets it.
 

Mike Boyd

Elite Member
Joined
Jan 18, 2002
Professional Status
Retired Appraiser
State
California
Why did he not mention the fact that some appraisers manipulate the data in order to hit the magic number or ignore the six sales in the subdivision and go three miles away in order to support the value needed.

This would still be the fault of the lender for accepting such an appraisal. I believe that scenario occurs very rarely.
 

RSW

Elite Member
Joined
Feb 18, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
This would still be the fault of the lender for accepting such an appraisal. I believe that scenario occurs very rarely.

The way the lender would know if the data was manipulated is to have a review done. AVMs may show sales in the neighborhood not used. But to say the scenario occurs very rarely is naive.
 
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