Waivers 50%. Hybrids 30%.

[NC Appraising]

Where are you seeing 40%?

I'm just wondering how they came up with that statement and data? Or I'm I just reading it wrong. I've been known to do that. Lol

 

[DWiley]

Home-price growth is cooling, leading to appraisal challenges

Corporate Settlement Solutions released an analysis that highlights a growing gap between appraised home values and sale prices.

www.housingwire.com

https://www.reddit.com/r/appraisal/comments/1nzozlh/why_are_my_va_appraisals_coming_in_under_contract

Did you read that article? It is about appraisals over the price - not appraisals less than the price
That is the opposite of what you stated - The increase in the number of appraisals coming in low are being reported.

 

[NC Appraising]

Did you read that article? It is about appraisals over the price - not appraisals less than the price
That is the opposite of what you stated - The increase in the number of appraisals coming in low are being reported.

View attachment 104332

Yeah probably why I deleted it Lol

 

[NC Appraising]

Where are you seeing 40%?

The only thing that I can come up with is that the tag line or whatever you want to call it was from the October 2021 data and they never updated it.

Lil misleading as the

Prevalence of GSE Appraisal Waivers​

By Edward J. Pinto | Tobias Peter



October 20, 2025

 

[George Hatch]

Dozens of loan officers at Wells Fargo altered values in the bank’s database, so loans would qualify for so-called appraisal waivers, according to recent reporting from Business Insider. In some cases, Wells Fargo employees slashed $1 million or more off home values, reported the publication. The mortgages, based on the chicanery, were then sold to Fannie Mae and Freddie Mac, both of which are in federal conservatorship.

Business Insider’s reporting indicates loan officers at the bank changed values, since waivers were available only to properties valued below $1 million. Reducing the value of a home in their system below that threshold triggered a waiver. In some high-cost areas where Wells Fargo does considerable business, like the San Francisco Bay Area, databased values – some questionable to begin with – may have been reduced from, say, $2 million to below $1 million.

Did you read what they were trying to do? They were attempting to grossly undervalue the properties for the purpose of skipping the appraisal fee and turn time.

And do you understand how they were caught at this? Because the GSE's program was directly explained earlier in this thread:

Our AVM value determines the decision, not the value entered by the lender. While a lender can input any value, if it falls outside a defined tolerance range from our model value, the offer will not be made. This applies only after all other loan parameters have been satisfied.

It's apparent they inputted their values but those values fell outside the model's tolerance range, and the pattern of variance from the one source was sufficiently egregious that it prompted the follow up.

 

[Justinjla]

The only thing that I can come up with is that the tag line or whatever you want to call it was from the October 2021 data and they never updated it.

Lil misleading as the

Prevalence of GSE Appraisal Waivers​

By Edward J. Pinto | Tobias Peter



October 20, 2025

That's my guess.

 

[djd09]

Did you read what they were trying to do? They were attempting to grossly undervalue the properties for the purpose of skipping the appraisal fee and turn time.

And do you understand how they were caught at this? Because the GSE's program was directly explained earlier in this thread:


It's apparent they inputted their values but those values fell outside the model's tolerance range, and the pattern of variance from the one source was sufficiently egregious that it prompted the follow up.

do you see them...cheating, lying, and stealing...rave away

 

[TerryRohrer]

Well, at least now we know that if we do not conclude a value more than $2,500 from the sale price, some can acknowledge that we are not wrong (I doubt anyone will ever suggest that we were right or reasonable or credible)! Looks like everyone on the planet has joined Freddie Mac in creating benchmarks and narratives about appraiser bias and incompetence, but at least CSS allows for "a little" leeway before we are branded! Oddly, there does not seem to be any variation in these right/wrong determinations related to price level, so $1 or $2,500 off at a $60,000 price is equally egregious as $1 or $2,500 off at $6 million.

But, with appraisers and AVMs being programmed to view "Sale Price" as "Market Value", there should quickly be a convergence where everyone agrees that price equals value, and there will be no need for this "valuation"/"friction" nonsense.

 

[HVNY]

GPAR GPAR GPAR & GPAR

 

[djd09]

GPAR GPAR GPAR & GPAR

no data stealing...and no cert 23...amen