Voice of the Appraiser In-Depth Report

[George Hatch]

BTW, EAs are assignment specific. As opposed to being common for all such assignments, which are more commonly just characterized as standard assumptions. All assumptions prompt for disclosures, so there's nothing unusual about the disclosures being used here.

Just sayin'.

 

[djd09]

funny...sometimes they are users...and other times they are an appraisal company...please pick one

 

[Elliott]

What I found interesting is that appraisers report their fee is $500, but I didn't see a question about the number of appraisals per month. I did a survey and as I recall, most appraisers said their income was down 40%.

So the Fed reduced rates 75 basis points and the housing market got 7% mortgage rates, again. And one week after the election, Powell's saying there will will not be another rate cut.

 

[Dublin ohio]

I have seen PDR with incorrect county records info, like year built, etc, incorrect photos of the subject, missing rooms on the floor plan, etc. But as the appraiser you are required to use that bad information. If the data collecters were trained and licensed I would maybe consider them.

source?

 

[George Hatch]

funny...sometimes they are users...and other times they are an appraisal company...please pick one

If you're referring to a lender or GSE operating an AVM, they are neither developing an appraisal nor are they operating as an appraisal company, which by definition is in the business of appraising for other users.

 

[djd09]

Automated Collateral Evaluation (ACE)​

Loan Product Advisor® ACE leverages our proprietary models, along with historical data and public records to let you to originate Freddie Mac-eligible loans without a traditional appraisal.

How ACE Works​

Step 1:​

Submit loans to Loan Product Advisor® before you get an appraisal

Step 2:​

Provide an estimated value of property (for refinances) or purchase price (for purchase).

Step 3:​

Review the Loan Product Advisor Feedback Certificate to see if the loan is eligible for ACE.

Automated Collateral Evaluation (ACE)

Loan Product Advisor® ACE leverages our proprietary models, along with historical data and public records to let you to originate Freddie Mac-eligible loans without a traditional appraisal.

sf.freddiemac.com

estimating value without even an H&B use...

 

[Mejappz]

Automated Collateral Evaluation (ACE)​

Loan Product Advisor® ACE leverages our proprietary models, along with historical data and public records to let you to originate Freddie Mac-eligible loans without a traditional appraisal.

How ACE Works​

Step 1:​

Submit loans to Loan Product Advisor® before you get an appraisal

Step 2:​

Provide an estimated value of property (for refinances) or purchase price (for purchase).

Step 3:​

Review the Loan Product Advisor Feedback Certificate to see if the loan is eligible for ACE.

Automated Collateral Evaluation (ACE)

Loan Product Advisor® ACE leverages our proprietary models, along with historical data and public records to let you to originate Freddie Mac-eligible loans without a traditional appraisal.

sf.freddiemac.com

estimating value without even an H&B use...

No prior sales analysis, certifications, highest and best use analysis, or summary of the scope of work? This looks like state board material.

 

[djd09]

No prior sales analysis, certifications, highest and best use analysis, or summary of the scope of work? This looks like state board material.

and no 13 USPAP classes...