Appraisers Can Do These Property Data Reports for Appraisal Waivers

Abstract

Appraisers, on Tuesday 5/24/22, an AMC sent a message to their appraiser panel appraisers asking them if they'd like to 'help their lender clients' by doing Property Data Reports. To save you the trouble of reading the details, the key items are these: As you can see, these Property Data Reports have a higher level or different reporting requirements than ordinary traditional appraisals. The other item I'm not sure about is whether this new Property Data Report 'form' will be included in our report software from the multiple vendors. Back at the office you'd have to scan it to a PDF, include photo page(s) and the FLOOR PLAN, and submit that report bundle back to the client. AMC's who will be requesting appraisers to do these Property Data Reports are also seeking "What your fee will be." This becomes a bit tricky, because all homes are different in their designs. So be real careful with this! Some appraisers have already indicated that they WON'T do the new Desktop and Hybrid report assignments. These new Property Data reports DO include the appraiser - if the appraiser chooses to do these.