Where Do You Think "geographic Competency" Begins And Ends?

[hastalavista]

I guess the presumption around here by many is if you have more time behind you (with all the battles, wins/losses, and changes during that period) than in front of you, you know longer care about the profession you've spent so much time in and, for some, a fair amount of time trying to improve.

 

[George Hatch]

And nothing has changed in appraisal regulations to allow runners, that previously weren't allowed.

Playing with fire, simple to line the pockets of others. Ridiculous.

Maybe it'll be like pot,

Sorry we sent you to jail for pot that we now decided is legal. We'll just erase those years of your life you spent in jail, like it didn't even happen.

Expunged, all good.

Maybe California will restore the appraisers that lost their licenses for using runners too.

Ooops sorry, we didn't parse the language closely enough a few years ago. Here you are, you can go back to being an appraiser, oh, and if you paid any fines, we'll give that money back with interest, how silly of us.

..

WRT runners, what's prohibited is whatever lying cheating and stealing is involved. If a Fannie program or any other user guideline requires personal inspection that's at the user level, not really a regulation as such. Acts of dishonesty are another matter.

USPAP itself doesn't require inspections of any sort. It only requires disclosure of who did what. It's always been up to the users to decide what level of inspection they think is sufficient, which would logically also include who did the inspection.

 

[DWiley]

No, there has been no change in regulations. And there doesn't have to be any change in regulations to allow use of hybrids. Appraisers personally inspect (most of the time) now because that is what has always been done. We did it that way in the past because we had to. The data simply wasn't available from anywhere else in many cases.

The ironic thing to me is all this angst and uproar about a concept (not personally inspecting) that has been in the USPAP since day 1 of USPAP.

 

[Joe Flacco]

I guess the presumption around here by many is if you have more time behind you (with all the battles, wins/losses, and changes during that period) than in front of you, you know longer care about the profession you've spent so much time in and, for some, a fair amount of time trying to improve.

I just don't think the direction that you guys are trying to go is a improvement. Honestly, the impression I get by who the people are with certain views makes me feel like a lot of appraisal politics beings played.

 

[hastalavista]

I just don't think the direction that you guys are trying to go is a improvement. Honestly, the impression I get by who the people are with certain views makes me feel like a lot of appraisal politics beings played.

I can understand having a different point of view.
I don't know what "appraisal politics" means (I can guess, but I don't really know)?

This poll started out as a pretty simple question; grounded in the USPAP. Its turned into something totally different. Maybe that's part of the appraisal politics that you mention.

 

[Joe Flacco]

I can understand having a different point of view.
I don't know what "appraisal politics" means (I can guess, but I don't really know)?

This poll started out as a pretty simple question; grounded in the USPAP. Its turned into something totally different. Maybe that's part of the appraisal politics that you mention.

I think that with some people there is a falling in line type of activity when it comes to ideas. Not just with this topic but many others. Politics.

I can understand having different ideas. As far as this one goes I can't be convinced that a appraiser being local does not have value when it comes to reliable valuations for residential real estate.

 

[Eli]

I guess the presumption around here by many is if you have more time behind you (with all the battles, wins/losses, and changes during that period) than in front of you, you know longer care about the profession you've spent so much time in and, for some, a fair amount of time trying to improve.

Let it (profession) be all it can be. No way in hell that will happen with criminals in charge.

 

[hastalavista]

I just don't think the direction that you guys are trying to go is a improvement.

I'd ask you what the direction I want to move toward is something you don't think would be an improvement, but that would really take this thread off-the-track.
So I'll save it for a private conversation (if you are so inclined).

 

[Joe Flacco]

Geocompetency results in less likelihood of failure of standard 1. In George's words, it's not rocket science.

 

[timd354]

The AMC share of the fee is greater on these assignment and is higher margin business. The fee is less because the inspector and appraiser fee is less. Not the AMC portion of the fee. Smaller AMC's are also possibly less competitive and it is not a product likely to be offered by in house panel management. Results in larger market share for large players. The big thing will be if GSE loans can accept them or not IMO.

At least one of the GSE's (Fannie) is currently running several pilots in which they are currently accepting bifurcated appraisals and I think that there is little doubt that if the results of these pilots are acceptable, Fannie is going to roll out a bifurcated appraisal to a much broader market.

I don't know why such a product if adopted by Fannie on a broad basis could not and would not be done through in-house appraisal panels, but we will have to wait to see how businesses adapt if and when bifurcated appraisals become accepted by Fannie on a broad basis