Assessing VA Approved Appraisers and How to Improve the Program for the 21st Century – House Committee on Veterans’ Affairs Subcommittee on Economic Opportunity April 4, 2017
My comment: I have always been surprised that so few appraisers are interested in doing VA appraisals. Guess they like working for AMCs with hassles and low fees. Every week, at the bottom of every free email newsletter, I include the MBA origination stats, including VA, which is similar in volume to FHA. This week FHA and VA are very similar – around 11% of originations.
Federal Court Permanently Bars California Man From Preparing Property Appraisals
Appraiser prepared thousands of appraisals in conjunction with timeshare donation scheme
My comment:www.asc.gov has Ronald Broyles listed as a certified residential appraiser. Per CA regulator, he has had his residential license since 2004 and previously had a certified general license from 1991 to 2000. Timeshares can be very tricky to appraise, so I have heard…
Fourth Approach to Value
My comment: I have always used this approach and consider in invaluable!! I always called it the Curbside Approach, but like the Fourth Approach better. I have no idea why other appraisers don’t use it. This is why appraisers cannot be replaced by CU, etc. Skip over the negative comments after the article. Maybe someone will comment on this approach instead.
In the paid Appraisal Today
Do VA Appraisals! C/R fees and no AMCs!!
The VA is very different from FHA and almost all other lenders. VA’s mission is to help veterans get mortgage loans. Everything else is secondary to this mission. The VA wants to be sure that veterans don’t pay too much and don’t purchase homes needing work (health and safety). I have never done VA appraisals but, to me, this is the best part of working for VA.
I don’t know of any lenders, except maybe some credit unions, that put borrowers first.
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