What Is Tidewater

[gregb]

how many ever do that?

Entirely a different issue.

zero. thus ignored, at the discretion of the VA appraiser.

 

[Eli]

There is a big brother atmosphere that helps greatly in stopping and limiting BS. In my mind the tidewater is just a show me what is better, which almost never reveals any information that is better than what the appraiser already has. Now, in some cases as the valuation process continues, the tidewater issue becomes null and void because the most probable price according to the def of market value winds up meeting or exceeding the contract price, simply because the completion of the valuation process indicates an opinion of value that meets the contract price based on recognized techniques of appraisal practice and the definition of market value. That can happen because the valuation process has not been completed at the time of the tidewater notice. But, the VA, in my experience is very supportive of their appraisers, unless their appraisers are out of line, and then they correct them in a very professional manner by a very qualified person to give instructions. The VA knows that most probable price according to the definition of market value is best for the VA and the veteran, and the public in general.

 

[Eli]

The Atlanta Regional Loan Center would love Mike, especially him being a veteran, but more so what he stands for relative to the profession. His problem would be that he would have to issue a few tidewater notices and come in below contract sometimes, which I don't think would be a problem for him, obviously.

Mike, the world needs more like you is all I can say.

 

[gregb]

The Atlanta Regional Loan Center would love Mike.

Likely, unrequitted love...

 

[Eli]

What are the differences between tidewater and what so many appraisers complained about mortgage brokers? Money I am sure is a big difference. I still think all the complaining got us where we are in some ways because some appraisers could not stand up.

 

[sandpiperapp]

Mike, sales contract prices, ROV's, and broker input, just like AMCs are some of the realities that we face everyday as appraisers. I gotta tell you as an appraiser, I like that the Tidewater Initiative puts me in control and I do not have to dance for the lender or broker or AMC. It is actually a useful tool and helps me maintain my independence as an appraiser.

 

[sandpiperapp]

Tidewater is nothing like working with brokers. It is used to ensure no information was missed. There is less pressure than with the brokers because it is formalized and proactive. If somebody does not like my opinion, to bad, just like I did in the broker days. Only with Tidewater, I still get my next order from the VA when my time in the rotation comes up.

 

[CindyR]

Tidewater is nothing like working with brokers. It is used to ensure no information was missed. There is less pressure than with the brokers because it is formalized and proactive. If somebody does not like my opinion, to bad, just like I did in the broker days. Only with Tidewater, I still get my next order from the VA when my time in the rotation comes up.

Exactly. No risk of getting black listed or thrown off the panel or any other punishment. Although you do get a nasty email or phone call from goofy realtors sometimes. But its worth it anyway.

 

[TN Pro]

per the VA bulletin, a POC .........can...be.....one of the Realtors involved in the transaction.

I cant speak for others, but i have never recieved an order where the POC is one of the Realtors.

 

[CindyR]

I cant speak for others, but i have never recieved an order where the POC is one of the Realtors.

I have and I do not like it one little bit. I always copy the lender contact person on all emails to the realtor POC when that happens. I thought it was a mistake the first time but all the VA experts here on the forum set me straight...