Worst UW Stip I have Ever had

[Richard Carlsen]

This stip is easily handled.

Either delete the cover page from the report (they are not required as part of a FNMA appraisal) and don't include one. Or you can change to a cover page with no photo (which is what I would do).

This is truly a dumb stip. I have never heard of this kind of nonsense before.

One thing we did about 6 or 7 years ago was go to the 6 block photo page for the interior and the exterior. Since we were not buying ink anymore to print all of these colored pages to send off, it did not matter how many pages of photos we put in a report. In fact, I will often add a second 6 block page with additional photos to show the reader what I'm talking about.

But then, if things like this stip continue to happen, I'll most likely get a request from an UW that asks me to reduce the photos in a report to just 3 exterior and 3 interior.

Oh well.................

 

[Carnivore]

See how easy it is for lenders to manipulate appraisers!

 

[David Dietz]

When I was an FHA reviewer, we took the cover pages and all the other BS that didn't have to do with the appraisal and ripped them out and threw them away. I agree - dont waste their paper and toner. concise.

I agree i do not and never have supplied a cover page, table of contents or any other fluff for a residential form appraisal for a lender. They do not read the report let alone the fluff pages.

 

[Carnivore]

When I was an FHA reviewer, we took the cover pages and all the other BS that didnt have to do with the appraisal and ripped them out and threw them away. I agree - dont waste their paper and toner. concise.

Maybe so, but its not the point of this thread. In this thread the Ignoramus UW has ask for the picture to be the same as the one on the comp photo page.

What I believe is really going on here is that they are stalling with the loan because of some other problem and using the appraisers as the patsy. I would bet they are telling the homeowner the appraiser is holding up the loan to buy time.

 

[Richard Carlsen]

What I believe is really going on here is that they are stalling with the loan because of some other problem and using the appraisers as the patsy. I would bet they are telling the homeowner the appraiser is holding up the loan to buy time.

Now do you think they would really do something like that?

 

[Vermonter]

What I believe is really going on here is that they are stalling with the loan because of some other problem and using the appraisers as the patsy. I would bet they are telling the homeowner the appraiser is holding up the loan to buy time.

Exactly!

This has become a recent problem (here).

 

[Pamela Crowley (Florida)]

That's what they've been doing for many, many, many years.

 

[Carnivore]

This one just came in this morning... FAXED on the UW stip page....



The stip:

Appraiser to provide matching pictures of the front of the subject on the cover page and the subject photo page. :Eyecrazy: m2

Call borrower and just tell them that you sent the report in(actual date)last week and everything was fine. Dont mention STIP at all.

Tell them Good Luck, hope it all works out for you.

Ed, You see if they disapprove the loan, they are going to blame you. So set it up to not be the fall guy.

 

[Lisle]

Yes please

My reply to the UW would something along the lines of KILL YOURSELF

Yes, please, and with something blunt.

 

[Kevin Mc]

Now do you think they would really do something like that?

......never!