Virgina REAB and Portal Petition

[Joyce Potts]

There were four original founders of FNC. Two of them were USPAP instructors. They were, and are, very concerned that they never do anything that would put an appraiser in conflict with USPAP.

They were so concerned with this that the Vice President of External affairs was paid to attend all ASB meetings. This was to keep abreast of USPAP changes via first hand contact with them.

Why was AIReady developed? Primarily it was developed to help automate appraisal report processing for collateral analysis. Many large entities have adopted it, so it has been successful (at least to some degree) in that regard.

Another goal was to develop the best database of real property information by collecting it straight from the appraisers (and paying the appraisers for that data). This would (1) give appraisers and good data and (2) compensate them when data from appraisal reports was used for some other purpose. Appraisers rejected the concept. So now the data is used anyway, but the appraisers receive no compensation.
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As for your last - If the USPAP violation is as obvious as some seem to think, then posting it should be no problem.

Appraisers rejected the concept? Can you expand on that, please?

 

[Ken B]

In electronic format, it's just a bunch of "1"s and "0"s. There are no "images", there are no "words", there is no "signature."

The only way to prevent "change" is to type out a report on a pre-printed form or a narrative manually formated page, paste hardcopy photographs to a pre-printed form, sign in ink, and maybe apply a raised seal to ensure authenticity.

Anybody want to go back to that?

 

[McPheeters]

In electronic format, it's just a bunch of "1"s and "0"s. There are no "images", there are no "words", there is no "signature."

The only way to prevent "change" is to type out a report on a pre-printed form or a narrative manually formated page, paste hardcopy photographs to a pre-printed form, sign in ink, and maybe apply a raised seal to ensure authenticity.

Anybody want to go back to that?[/quote]

No, but I would like to be able to send along an unmolested PDF with the altered and unsigned AI Ready version when using Appraisalport.

 

[Roscoeman]

If the AI Ready Reports are not an issue regarding removing the signature, changing the report, etc. Then why can't the appraiser get a copy of what was submitted.

Why can't we print a copy of the report after it was uploaded?

What are they hiding and why?

m2:m2:m2:

 

[Pamela Crowley (Florida)]

What if appraisers delivered their appraisal reports in a 'wrapped' unlockable format?????

Would that be acceptable to FNC?????

 

[DWiley]

What if appraisers delivered their appraisal reports in a 'wrapped' unlockable format?????

Would that be acceptable to FNC?????

That is what a real digital signature would do, which is why appraisers should use real digital signatures.

Using such a signature would give the appraiser a court-tested way to veify if a file had been tampered with but still allow the automated review that is the main selling point of AIReady to lenders.

 

[DWiley]

Appraisers rejected the concept? Can you expand on that, please?

I expanded on it in another thread when you asked the same question. I am sure that anyone interested can find my reply using the search feature.

DW

 

[Joyce Potts]

I expanded on it in another thread when you asked the same question. I am sure that anyone interested can find my reply using the search feature.

DW

Why don't you save us all some time and link us to the other thread. I don't have a recollection of it.

 

[robert higgins]

Why is FNC's / Appraisal Port's attorney attending various State Board meeting to defend the Appraisal Institute's AI Ready conversion/alteration (abomination) of appraisal reports?????
Sure looks like FNC and the AI really are in this together.

So they can catch bigger fish, FNC does not what any of their favorite fishing holes closed. Catching big fish is big business and big money.

http://appraisalnewsonline.typepad.com/appraisal_news_for_real_e/2008/06/press-release-f.html

http://www.fncinc.com/news/pr_detail.aspx?id=180

 

[c w d]

1) As long as USPAP must be interpreted, there will be only opinions as to compliancy....It will require an authority's opinion to be determinable.

You're right, it's all opinion until a JUDGMENT is made. Then it's binding as if law. But, then I'm not talking about judging USPAP. I'm talking about judging the conversion's compliance with USPAP. State boards have made judgments regarding the state of compliance for many.....many appraisals. And so can learned expert appraisers. We can sit here and armchair this discussion all we want. If Pam and others want to force the issue, they can. All I'm doing here is surmising a strategy that is plausible. That's it.

Personally, I'm looking at alternatives to get out of appraising. There's too much corruption and too much writing on the wall telling me the future is grim. I had seriously considered pursuing a degree in real estate finance in order to move on to commercial work. I fear there is as much corruption in the general arena as well. The honest cannot compete with the dishonest when enforcement is a joke.