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Welcome to the new 1004
- Thread starter alebrewer
- Start date
Mejappz
Elite Member
- Joined
- Dec 16, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
So much for the unethical stakeholders wanting same-day delivery of the report! Look at this mess— the appraiser is going to need a sleeping bag and a lifetime supply of coffee just to survive a 24-hour inspection! Alone! I mean, who knew a simple report could turn into a solo camping trip? 
Mejappz
Elite Member
- Joined
- Dec 16, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
No one has mentioned this, but the trends for increasing, declining, or stable have been removed. Might as well as most appraisals going to the GSEs are marked perpetually stable anyway. LOL
Surf Cat
Senior Member
- Joined
- Apr 21, 2003
- Professional Status
- Certified Residential Appraiser
- State
- California
Geez....and here I thought they wanted to get rid of appraisers.
It appears one would need a class on how to fill this out properly as to not get stipped to death....
A couple of observations...
Page 4, are we going to have to do a cost to cure on every single report for deficient items? For example, if the roof appears to be at the end of its useful life, do I have to estimate what it would cost to replace it?
Page 7, broadband internet available? Come on, you would think one would get rid of the minutia, not add to it.
Page 9, disaster mitigation!? But on your hard hats!
the sketch page seems to be plunked in a rather odd position...
What's front door elevation? Ground level? Accessed by stairs?
Wow...3 pages for the grid! It appears order of operations is out the window. So much for the side by side view in Wintotal. I liked that feature.
Moving on to page 36 (Lol) Cost Approach.....this whole thing reminds me of Microsoft Windows 7 to Windows 10. After looking at the cost approach in all the forms for a couple decades +, you would think they'd keep the format the same. It looks so foreign.
What's with the "cooperative interest, Pro Rata Share Calculation Method" in the opinion of market value section?
Once again, on page 37, there's a section for apparent defects, damages, and deficiencies. We're asked to be a structural engineer and estimate the cost to repair.
I didn't read through the certifications. I also didn't see the C ratings. Are the C ratings gone?
I get what they're trying to do. Instead of the appraiser inserting the sketch, photos, addendum, Etc. in the order they like around the main form, the powers that be are organizing the order in which they want every appraisal that comes in Nationwide to be.
Problem is, it looks as if they did it hungover from partying at 15th Street the night before.
It appears one would need a class on how to fill this out properly as to not get stipped to death....
A couple of observations...
Page 4, are we going to have to do a cost to cure on every single report for deficient items? For example, if the roof appears to be at the end of its useful life, do I have to estimate what it would cost to replace it?
Page 7, broadband internet available? Come on, you would think one would get rid of the minutia, not add to it.
Page 9, disaster mitigation!? But on your hard hats!
the sketch page seems to be plunked in a rather odd position...
What's front door elevation? Ground level? Accessed by stairs?
Wow...3 pages for the grid! It appears order of operations is out the window. So much for the side by side view in Wintotal. I liked that feature.
Moving on to page 36 (Lol) Cost Approach.....this whole thing reminds me of Microsoft Windows 7 to Windows 10. After looking at the cost approach in all the forms for a couple decades +, you would think they'd keep the format the same. It looks so foreign.
What's with the "cooperative interest, Pro Rata Share Calculation Method" in the opinion of market value section?
Once again, on page 37, there's a section for apparent defects, damages, and deficiencies. We're asked to be a structural engineer and estimate the cost to repair.
I didn't read through the certifications. I also didn't see the C ratings. Are the C ratings gone?
I get what they're trying to do. Instead of the appraiser inserting the sketch, photos, addendum, Etc. in the order they like around the main form, the powers that be are organizing the order in which they want every appraisal that comes in Nationwide to be.
Problem is, it looks as if they did it hungover from partying at 15th Street the night before.
chad hampton
Senior Member
- Joined
- Nov 10, 2006
- Professional Status
- Certified Residential Appraiser
- State
- North Carolina
leave it all blank or put n/a?
I expect there to be at least 5 more delays in the next 18 months. Rollout wont be will 2027 or later
I expect there to be at least 5 more delays in the next 18 months. Rollout wont be will 2027 or later
djd09
Elite Member
- Joined
- May 20, 2009
- Professional Status
- Licensed Appraiser
- State
- Ohio
cert 23 is clearly written...it is not my fault you cannot comprehend...but why would you care it is not like you do 1004's anyways
djd09
Elite Member
- Joined
- May 20, 2009
- Professional Status
- Licensed Appraiser
- State
- Ohio
in which the shills will not quote this...but the gse's are now appraisal companies...waiving appraisals with a push button...except for east cleveland and marin city...so our competitors want us to fill out their new forms...quit drinking the kool aid
George Hatch
Elite Member
- Joined
- Jan 15, 2002
- Professional Status
- Certified General Appraiser
- State
- California
Fannie was told at the outset that their wording was going to be misinterpreted by the uninformed (like you) but they said the ASB was in error (!!!). So since they didn't correct their error the ASB issued advice that appraisers should clarify. If you haven't been doing that then you're the one who is in non-compliance.cert 23 is clearly written...it is not my fault you cannot comprehend...but why would you care it is not like you do 1004's anyways
But this time around they made it donkey-proof so that not even you can get away with the mischaracterization of what intended user means. GSE -1; djd09 - 0.
alebrewer
Elite Member
- Joined
- Mar 11, 2008
- Professional Status
- Certified Residential Appraiser
- State
- Texas
Yeah, I've never been a fan of CTC's. Like I'm a General Contractor (in addition to all the other hats we have to wear). I have no idea what it would cost to repair something - that would depend on how much money someone wanted to spend...
Mike Ault
Elite Member
- Joined
- Sep 23, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Texas
Surely the GSE's have artificial intelligence resources for that sort of information however they're going to want appraiser input regardless to "fine-tune" them.