Appraisers' Free Forum

By golly, looks like we've got a pretty good board in Tennessee. There are several complaints by borrowers that the appraiser undervalued the subject property, and he couldn't get his loan. Our board gave'em the back of their hand, except in a couple of cases where they found some development or reporting errors that warranted a settlement conference with the appraiser. The last one, though, is a doozie: Fannie Mae filed on three reports by the same appraiser on an income property. Their summary indicates that the report was blatant incompetence and fraud, e.g., the report stated the comparable was a 4-unit, and the dimwit included a photo of the six electric meters--one per unit, of course.
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Update: The July minutes include the last guy's response to Fannie's complaints. Seems that subject IS a 6-unit, but two of the units are uninhabitable (reason not given) and were confirmed as being used for storage. TREAC is still pushing for voluntary surrender.

Good reading, especially for TN appraisers. Here the LINK

Tammy Johnson, made application to upgrade from a registered trainee to a certified general appraiser. Mr. Headden and Mr. Bullington were the reviewers and recommended approval. Mr. Wade made the motion to accept the recommendation and Mr. Flowers seconded the motion. The motion carried unopposed.

Tell me this isn't true? Tennessee is more screwed up than Nevada!!!

I take it that you know Tammy? or A Tammy?

How is one suppose to respond? Taken from your link, an appraiser appeared to be under investigation for an old appraisal

This appraisal had an effective date of 2001

. If the appraisal was done in 2001 and we only have to keep our files for five years (assuming this is or was a recent complaint), all records of this file should have been destroyed by the appraiser. Something is wrong here....

DB wrote:I take it that you know Tammy? or A Tammy?

I have no idea who "Tammy" is? I'm just upset with the idea of an intern going straight to being a certified general appraiser! Doesn't that bother you? It should!!!

Doesn't bother me a bit .... I know of several who went straight to CG ... and if I had had enough time and money for the classroom hours, before 2008, I would have done it myself ... I have more than enought commercial experience hours for it ...

You have to look at the individual ... and from what I witnessed at the board meeting, our board does just that ... I watched them turn several people away that day, who were applying for thier CG ... if someone has the experience and the knowledge, why not let the upgrade to CG?

If you notice on the August minutes, James Carey Hutchins was upgraded to CG from trainee .... I know him ... have been working with him for about 5 years under the same mentor ....

To simply deny someone on the basis that they are a trainee, would be a great disservice to the state and to the individual who works his or her ass off to become a CG ....

IF they deserve to be a CG ... let them ... if they don't deserve to be ... send them home ... which is what I watched the board do the day I was there ...

I am pretty comfortable with the way the TN board operates .. under the current leadership ... and I think a lot of other TN appraisers are comfortable with them too ...

The major problem TN has is the same problem almost every other state has: initial certifications. They were handed out like candy, because the Lt. Gov. instructed the first board, "We don't want anybody to get hurt by this." And here, one does not screw with that Lt. Gov. (John Wilder). He's been in his position for 40 years or more, and is the shadow government in Nashville. So to get your initial certification, you had to sign an affidavit saying you'd done at least 1800 appraisals, send in the fee, and you got your certification back--the level of which was determined by the fee you paid.

One of the first board members, Jim Murdaugh, proposed that everybody who applied be "baptized" with a license and given five years to prove that they met the educational requirements. He was voted down.

So we've got a lot of semi-grandfathered Certs here, like every other state has. The current board, as you've seen from the minutes, is weeding them out gradually. But it's a big job. Like DB, I'm happy with our current board and the way it works.

Mr. Knowitall,

First, the five year retention period is a minimum, not a maximum. Old files are not required to be destroyed.

Second, unless you know the candidate in question, your assumption that she was not qualified is presumptuous. For all you know she may have been working hard toward this moment for a decade. Why would you think she would need some sort of intermediate designation?