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Random appraisal thoughts? So much is going on in AppraisalWorld right now, its time for some thinking. ANSI measurements standards are not the way we measure houses, etc. Desktop appraisals are here to stay, at least for Fannie Mae. The PAVE Task Force met and all bias and discrimination in mortgage lending is the appraiser’s fault. The Waters’ Hearing on the PAVE task force. Tate-Austin v. Miller wants to eliminate the sales comparison approach. Where do appraisers stand on this bias/discrimination thing? How about taking on trainees? There is a lot to think randomly about.
Random appraisal thoughts? USPAP always come to mind when you think about real estate appraisal. Do desktop appraisals violate USPAP’s Confidentiality section of the Ethics Rule? What does USPAP say about ANSI? (FYI, it says nothing). Are desktop appraisals the future or real estate appraisal? For appraisals going to Fannie Mae, they are. Freddie Mac and the others (FHA, VA, etc.) have not weighed in yet. Who knows! But part of what I do is to keep you informed on all this stuff. There is so much!
So this podcast has some random appraisal thoughts on all sorts of appraisal topics. True, some of them are my own personal rants. Others came in from other appraisers’ questions. Thanks for listening!
As always this is very informative. Thank you for your great insight.
Thank you, Rick! It is always a pleasure to hear from you!