What To Redact For Sample Reports

[Tom4value]

Usually, new clients want as samples a URAR, a 1073 and a 1025. For the URAR, I did what most of you have said, I did an appraisal of my house. For the other two, I redacted the sh...stuff out of it to take out any evidence of the identity of the property. I have to admit in all humbleness, it never occurred to be to ask the client for permission to use one! I am sure that they would approve if I asked. As my samples get old, I will try that route. Technically, it is probably quicker to do it my way but then I run the risk of missing something and someone making a stink.

 

[residentialguy]

As my samples get old

I don't know why the age would really matter, unless your report style is different.
You could easily change dates or anything else on an anonymous report. They want to know if you can do a good report.

 

[residentialguy]

Why not?

Sorry, I missed that.
Because without a client or subject info, it's just a anonymous report and can't be tied to confidentiality.

 

[Terrel L. Shields]

new clients want as samples a URAR, a 1073 and a 1025.

Never had any bank ask for either the 1073 or the 1025.

 

[jay trotta]

Under current Rules & Regs, there is no purpose to a Sample Report; you are generating a Report(s) that could be used against you in the future.

Give them an Option window of 30 days to review assignments on a Real Property Assignment and decide if you meet their expectations. (1) You get paid to produce real work and (2) They get to review real work, Doesn't get any better than that. Get the flunky off the phone, get the name of the State Licensed Appraiser for the company.

Make believe Samples, well nuff said..........

 

[Tom4value]

Sorry, I missed that.
Because without a client or subject info, it's just a anonymous report and can't be tied to confidentiality.

We agree then.

 

[Tom4value]

I don't know why the age would really matter, unless your report style is different.
You could easily change dates or anything else on an anonymous report. They want to know if you can do a good report.

I agree. As I recall, t he last time someone asked for an "updated" sample was right after UAD came out.

 

[bnmappraisal]

Sample reports have been a thing for a long time. For my firm, I had a letter authorizing occasional use of reports for samples that I would ask one or two good clients to sign annually. It was an easy peasy solution that meant I could have recent "samples" readily available.

I like that idea of the letter, DWiley

Side note: Does Servicelink require samples from potential appraisers getting on their panel?

 

[timd354]

Under current Rules & Regs, there is no purpose to a Sample Report; you are generating a Report(s) that could be used against you in the future.

What are you talking about? The purpose of requiring sample appraisals is to assess whether or not an appraiser is competent before the lender or AMC adds the appraiser to their panel and lenders/AMC's are supposed to vet the competence of the appraisers they use per numerous rules and regulations....from your comments, I m pretty safe in assuming that you have dealt with exactly zero bank regulators or worked at exactly zero regulated entities.

 

[jay trotta]

What are you talking about? The purpose of requiring sample appraisals is to assess whether or not an appraiser is competent before the lender or AMC adds the appraiser to their panel and lenders/AMC's are supposed to vet the competence of the appraisers they use per numerous rules and regulations....from your comments, I m pretty safe in assuming that you have dealt with exactly zero bank regulators or worked at exactly zero regulated entities.

So what your saying is that nobody can vet my work on a 30 day trial basis ?? To me that would actually provide the best scenario; don't like the work, stop after the 1st - 2 reports; (2) is there an endless supply of incompetent appraiser's still rolling around ??