What does it Mean to Protect the Public Trust

[Jayjay25]

Am I the only one that hates that the lenders and Fannie/Freddie are referred to as our clients/users of our product. It’s like saying “the restaurant is a client of the health inspector or the restaurant is a user of the health department’s inspection report”. Referring to them as mandated users at least indicates the use is required by law. If the use is mandated as a way to protect different facets of our society then should the user be able to dictate the terms of use?

 

[shrubberyvaluation]

Am I the only one that hates that the lenders and Fannie/Freddie are referred to as our clients/users of our product. It’s like saying “the restaurant is a client of the health inspector or the restaurant is a user of the health department’s inspection report”. Referring to them as mandated users at least indicates the use is required by law. If the use is mandated as a way to protect different facets of our society then should the user be able to dictate the terms of use?

I don't care. Problem I have is we are supposed to write the report so the user(s) can understand it. But if a non intended user doesn't understand it they can still turn it in to the state for whatever whim they have.

 

[ucbruin]

Never once in my time as an appraiser have appraisers prevented a housing crash....
Keep dreaming....

 

[Jayjay25]

Never once in my time as an appraiser have I ever seen a market that was not manipulated by the lending industry.

 

[ucbruin]

Never once in my time as an appraiser have I ever seen a market that was not manipulated by the lending industry.

Of course you're correct....
We're both correct....

Appraisers, as part of the lending industry, have not prevented a house crash....

 

[djd09]

public trust are just two words they throw together to confuse the masses....like

safe and sound
highest and best
customary and reasonable
safe and effective

see no real meaning

 

[djd09]

Clients and/or users telling you what their SR1/SR2 expectations are will not infringe upon your impartiality and objectivity, nor does it relieve you of the obligation to make your own SOW decisions.

Are you even familiar with how the DEPARTURE RULE (and the associated SUPPLEMENTAL STANDARDS RULE) worked prior to being replaced with the SOWR? Because if you knew what you were talking about you would realize the SOWR has given appraisers a LOT more discretion and freedom than they ever had prior to that transition.

yes the unethical clients...like jpepstien...fastapp...wellsfargo...clearcrapital...coester...do i need to show you again their crookedness you are clueless

 

[ucbruin]

Stop the steal....
How could folks with half a brain tied behind their backs fall for this stuff....
Sniff, sniff, sniff....

 

[djd09]

Clients and/or users telling you what their SR1/SR2 expectations are will not infringe upon your impartiality and objectivity, nor does it relieve you of the obligation to make your own SOW decisions.

Are you even familiar with how the DEPARTURE RULE (and the associated SUPPLEMENTAL STANDARDS RULE) worked prior to being replaced with the SOWR? Because if you knew what you were talking about you would realize the SOWR has given appraisers a LOT more discretion and freedom than they ever had prior to that transition.

If all you're going to do is use the "Fannie approved" paragraph you might as well not bother. It's as meaningless and contradictory as the verbiage on the form and the way it's written it does nothing to clarify the scope of work or the intended users/intended uses as required in USPAP.

Fannie clearly intends for a large number of unidentified users to use the appraisal report for a number of unidentified uses. They refuse to identify the users or their uses or how an appraiser can adequately prepare a single workproduct to meet those different and sometimes conflicting uses. Regardless of how many times we point that out they have chosen to stonewall everyone, pretend their intentions are other than as demonstrated in their forms and in general just throw their weight around. As far as I'm concerned Fannie has deliberately chosen to be deceitful and is working solely in their own interests to the exclusion of everyone else, especially the appraisers.

Fannie's verbiage and all of their explanations for that verbiage are in conflict with USPAP and everyone who chooses to "rely upon" the forms and their meaningless paragraph might as well recognize that right up front. You either choose to clarify your scope of work and your intended users/intended uses to comply with USPAP or you don't - there is no half way measure. You might as well just make your choice and be prepared to live with it.

Scope of Work

Does anyone have an explination of Scope of Work in your appraisal reports that is accepted by Fannie Mae? We've thought about copying what the new GPAR report has under Scope of Work, Assumptions and Limiting Conditions, it's a good explination, but not sure if will be accepted by Fannie Mae...

appraisersforum.com

you know the forum is easily searchable...flipflopfish

 

[Jayjay25]

Of course you're correct....

We're both correct....

Appraisers, as part of the lending industry, have not prevented a house crash....

Appraisers aren’t part of the lending industry, we are supposed to be independent of the lending industry.