When is a Review Required to meet Std 3?

[djd09]

my lawyer advised me to have any reviews put in writing and signed, putting the two parties on the same level playing field.

 

[alebrewer]

my lawyer advised me to have any reviews put in writing and signed, putting the two parties on the same level playing field.

I'm guessing you mean a signed certification in accordance with S4?

 

[J Grant]

What? How many countless threads over the years have there been right here about filing complaints or turning other appraisers into their boards?

Most of them paranoid conjecture
I bet more board complaints come from disgruntled borrowers ( even though they are an unintended user). The rare nightmare board complaint stories usually match the truly bad appraisal or appraiser-

Imo appraisers are way too concerned about the bogey man of a board complaint, -a more common career killer is being put on a do not use or watch list. That said, USPAP is moronic with its list of inane minutae that qualify as a "violation", while it is full of truck sized loopholes the worst drive through unscathed...

 

[alebrewer]

Most of them paranoid conjecture
I bet more board complaints come from disgruntled borrowers ( even though they are an unintended user). The rare nightmare board complaint stories usually match the rare truly bad appraisal or appraiser-

Imo appraisers are way too concerned about the bogey man of a board complaint, -a more genuine career killer is being put on a do not use or watch list. That said, USPAP is moronic with its list of inane minutae that qualify as a "violation", while full of truck sized loopholes the worst can drive through unscathed...

Back after the crash, the vast majority came from the agencies. Now, at least for TX, the majority come from borrowers or Realtors.

 

[djd09]

I'm guessing you mean a signed certification in accordance with S4?

i don't care what they sign as long it has their name and license number.

just grew tired of some californian or where ever reviewer taking pot shots with no liability.

also there is a charge to review the review. no more freebies.

 

[Ms. Janet]

I totally get it Joyce. Quite a few years ago, I was given an email chain between a Texas MAI reviewing a Florida SRA. The email was so inappropriate I could not believe it. I actually talked to FREAB but they don't have any standing to discipline an appraiser who is not licensed in FL. The FL Appraiser did turn the MAI over to the Lender's Appraiser Independence and got a little bit of satisfaction from that. Not much, but enough that he could move on.

I don't really know enough to have a legit opinion on your situation. But, I can tell you some days our brains just fall out. It happens.

 

[RCA]

The reality is that even the best and most experienced blow a gasket from time to time. - Or at least some low-level working for them, who really has only be gliding along doing XYZ, without really understanding what he/she is doing, gets to the point where they THINK they know what they are doing and take it upon themselves to cause problems. The best solution is to move it up the ladder as soon as possible. The sooner the better.

 

[J Grant]

-
When I did reviews #1 The name of the appraiser was blacked out and there was no contact between us and #2 I did the review , turned it over to the client , end of my involvement.

Email exchanges seems it would be a lot harder to draw the line about standards and could get personal.

 

[glenn walker]

i don't care what they sign as long it has their name and license number.

just grew tired of some californian or where ever reviewer taking pot shots with no liability.

also there is a charge to review the review. no more freebies.

Good luck on charging the lender for you to look at their review of your work. That's Not going to happen and in my opinion a very poor way to handle it. First of all none of us ever has or ever will develop a perfect report that has no errors or mistakes. I know I am dealing with a Wack-Job when he/she proudly announces that their report is both Bullet Proof and 100% USPAP compliant. The few appraisers on the fee panel who got into trouble over the years all seemed to share a few common personality disorders. Including but not limited To- Arrogance- Over-Confidence- Pride- Inflated Ego's or Just Plain Hard Headed. Many never realized that their- So called Bullet Proof appraisals were never that great, and those appraisers often never try to become better, because they will not take any kind of constructive criticism, advice from their peers or take some advanced course work.

 

[RCA]

Good luck on charging the lender for you to look at their review of your work. That's Not going to happen and in my opinion a very poor way to handle it. First of all none of us ever has or ever will develop a perfect report that has no errors or mistakes. I know I am dealing with a Wack-Job when he/she proudly announces that their report is both Bullet Proof and 100% USPAP compliant. The few appraisers on the fee panel who got into trouble over the years all seemed to share a few common personality disorders. Including but not limited To- Arrogance- Over-Confidence- Pride- Inflated Ego's or Just Plain Hard Headed. Many never realized that their- So called Bullet Proof appraisals were never that great, and those appraisers often never try to become better, because they will not take any kind of constructive criticism, advice from their peers or take some advanced course work.

Yea, there are some really bad appraisals out there. Especially going back to the good old years around 2001-2007. You know, like an appraisal of a residential home with a designated earthquake fault running through the backyard - without mentioning the fault. I get these from time to time with a comment like "You know, this report was rejected for some reason. Can you do the appraisal?" I'm thinking: "This appraisal is so difficult, it must be so bad because the appraiser just didn't want to do it and they forced it on him." --- Poor guy. So, there you go, no appraiser could be that stupid - right? I think I've seen some really sloppy work from MAIs - I guess for the same reason. They don't want to do the damn appraisal because it is too dangerous, a hot potato, beyond their reach maybe, but most likely just a hot potato. Either that or they were going through some kind of drug/alcohol binge. I think that's why I got hired at CBRE. First report I got was one of those. Real nasty. Once I completed it, they didn't have much use for me. But I did hang on long enough to get my hours for CGREA. Not that I would have stayed long anyway - I needed to refinance my home and appraisal pay, contract stuff, - even with CBRE, is peanuts IMO.