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Have you sent a bad report to a State Board?

Problems and anecdotes relating to review work should be posted here.

Moderators: Otis, DB

Have you sent a bad report to a State Board?

YES
15
75%
NO
5
25%
 
Total votes : 20

Postby Stone on Sat Feb 16, 2008 12:56 pm

skibs wrote:
TC wrote:
But if you don't like the report because it's not identical to the way you do one, sorry, that's BS. There are some on this board that see a red flag if the report is typed in all caps, no interior photos, minimal floor plan, no DOM, not listing all info services, no long winded addenda explaining the entire history of the world.



Pretty much the only poster I read in here or the other place who consistantly posts this opinion is you. Makes me wonder what kind of clients you have that pester you with BS so much you have this strongly felt opinion. I've never had that kind of experience doing mortgage origination work. Is this from 20 years ago and you're holding a grudge? Maybe its time to retire the selectric afterall. Or maybe its time to stop digging in your heals and report the freaking DOM if its causing so much pain.


Actually, there have been plenty of posts on the other forum over the years stating the items TC is listing as "red flags". I've been involved in discussions where posters have written that lack of interior photos, ANY use of MLS photos (even with comments) and not including interior walls in sketches are all red flags. One fairly esteemed poster claimed that use of MLS photos was a USPAP violation.

I never dealt with that type of stuff with mortgage lenders, and I don't deal with it now. But, there have been plenty of posts over at AF where people have dug in their heels and noted that if reports don't include certain items (specific to the poster) that are not actually required or expected by the client, then those reports get "red flagged".

I have no dealings with mortgage appraisal reviewers at this point, so it certainly doesn't really matter to me. But, TC didn't just pull those out of thin air. I've been involved with those discussions in the past. I can think of a couple of specific posters who had those opinions without going there and searching.
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Postby TC on Sat Feb 16, 2008 1:05 pm

skibs wrote:
TC wrote:
But if you don't like the report because it's not identical to the way you do one, sorry, that's BS. There are some on this board that see a red flag if the report is typed in all caps, no interior photos, minimal floor plan, no DOM, not listing all info services, no long winded addenda explaining the entire history of the world.



Pretty much the only poster I read in here or the other place who consistantly posts this opinion is you. Makes me wonder what kind of clients you have that pester you with BS so much you have this strongly felt opinion. I've never had that kind of experience doing mortgage origination work. Is this from 20 years ago and you're holding a grudge? Maybe its time to retire the selectric afterall. Or maybe its time to stop digging in your heals and report the freaking DOM if its causing so much pain.



Hey Elf-Boy, wake up on the wrong side of the tree today?

My point is, and has been, if you find fraud in a report, nail the appraiser.

...and it's heels.

TC
I like this bored alot.
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Designations: IFA

Postby skibs on Sat Feb 16, 2008 1:49 pm

Sorry TC, I guess that came off pretty strong, didn't it? :oops:
Everybody grab your torches and pitchforks!
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Postby TC on Sat Feb 16, 2008 1:58 pm

No problem.

I had a great boss years ago that did a lot of review work. He would only rip it if he saw blatant fraud. Minor mistakes would be termed "internal inconsistencies". He believed that any report could be shredded, but if the appraiser arrived at a logical conclusion, why nail him over minor details?

TC
I like this bored alot.
TC
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Postby skibs on Sat Feb 16, 2008 5:35 pm

Actually I agree. In fact in my work, I rarely get annoyed at anything I read in an appraisal report, including intentionally misleading ones but get furious at sloppy or overly nitpicky reviews. I hate reading an appraisal then the field review which slams the appraisal for not making its case then fails to makes its own. I expect to get questionable appraisal reports, otherwise I wouldn't get this kind of work. I hold reviews to a much higher standard.
Everybody grab your torches and pitchforks!
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Postby Mako on Sat Feb 16, 2008 10:49 pm

TC wrote:No problem.

I had a great boss years ago that did a lot of review work. He would only rip it if he saw blatant fraud. Minor mistakes would be termed "internal inconsistencies". He believed that any report could be shredded, but if the appraiser arrived at a logical conclusion, why nail him over minor details?

TC


That is a great boss...too bad there's not more review appraiser just like them.

skibs wrote:Actually I agree. In fact in my work, I rarely get annoyed at anything I read in an appraisal report, including intentionally misleading ones but get furious at sloppy or overly nitpicky reviews.


Likewise! I have absolutely NO tolerance for a nitpicky reviewer.

I've had two reports reviewed in which the review appraiser actually agreed with my opinion of value, but shredded the report so severly...I was required by my client to respond. On the surface it might appear I did sloppy work (since two different reviewers tore me a new one). However, the reviews occurred over a 14 year career, and in the end my clients saw the reviews for what they were...petty!

In fact I've never had a poor review which wasn't overturned. Twice by FHA & other times by my client. On another occasion a review appraiser nearly found themselves in a slander law suit, but I dropped the affair due to the expense (I did get satisfaction though :wink: ).

Sometimes review appraisers face serious consequences when they decide to act in a capricious manner.
Is that Bob Dylan I hear? "The Times They Are A Changin."
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