Where does the requirement to inspect comparable sales from at least the street arise from?

[djd09]

the gse's and your buddy dw are waiving appraisals duh

they write the SOW and they are our competition...carry on shills

 

[George Hatch]

They write their appraisal policies and what they will accept, the same as most of your other clients and users. It's always up to the appraiser to add to that if/when necessary.

 

[djd09]

and they waive appraisals...meaning the unlicensed scum bag mortgage broker you hate so much is estimating value...again slowly rules for me not for thee

 

[George Hatch]

They're running their AVM on deals they consider to be no-brainers. So simple they don't even need you to validate their decision making. What they're using appraisers for are situations that they don't necessarily trust to their AVMS.

 

[djd09]

They're running their AVM on deals they consider to be no-brainers. So simple they don't even need you to validate them.

which makes them an appraisal company...anyways, im sure they said the same thing about no doc loans...

 

[djd09]

for a poster that doesnt do 1004, you sure stick up for the unethical stakeholders...they got an avm wtf is that who zillows worst then garbage

 

[djd09]

How the Food Industry Pays Influencers to Shill Blueberries, Butter, and More​

It’s the new Got Milk? for the social media era.

what's a shill...

 

[George Hatch]

which makes them an appraisal company...anyways, im sure they said the same thing about no doc loans...

It makes them a lender, same as any other lender that is using their internal analytics in lieu of appraisals.

 

[George Hatch]

for a poster that doesnt do 1004, you sure stick up for the unethical stakeholders...they got an avm wtf is that who zillows worst then garbage

How am I sticking up for them? I mean other than acknowledging facts which you are compelled to ignore?

As for the data they analyze to make their decisions, most of it is appraiser developed. Which nobody but them has access to. So if you're going to complain about the achilles heel of all AVMs - data quality - then what you're complaining about with their AVM is whatever it is you consider to be the quality of that appraiser-refined data.

 

[Tom4value]

See FAQ 192. It indicates you must comply with the form certifications.

Of course! In the form certifications you attest that you did.

The OP asked where the "requirement" was. I merely pointed out that USPAP does not require it.