Appearance Makes a Difference - 08/24/11 07:37 PM
This morning, I was at my brother's house when the appraiser came for his refinance appraisal.  I realize I'm "old school", but I began appraising over 25 years ago with the understanding that, as the appraiser, while not directly associted with the lender, I was an extension of the borrowers perception of the lender.  In my market of Northern Michigan, suits were not the norm and often would create more anxiety in borrowers.  However, I always wore slacks and a collared shirt with slip-on shoes I could easily remove when entering the home.  On the occasions when the inspections required large … (3 comments)

FHA waits on UAD - 08/24/11 07:19 PM
HUD, alias FHA, issued a notice today that they will not be requiring UAD until January 1, 2012, thus setting back 4 months the requirement of Frannie Mae and Freddie Mac which does still take effect on September 1, 2011. 
One hope voiced by those opposed to UAD is that the other two agencies will rescind the requirement.  UAD does not improve appraisals but only attempts to make them more uniform in terminology and property ratings.  In essense, it is an effort to remove the appraiser from the lending process by automating the valuation process.  Like AVMs (Automated Value Modules), the … (3 comments)

 
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Richard Glesser

Gaylord, MI

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North Country Appraisal Services

Address: P.O. Box 1271, Gaylord, MI, 49734

Office Phone: (800) 806-1075 x 101

Cell Phone: (989) 858-0528

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