The Uniform Standards of Professional Appraisal Practice (USPAP) are the key to maintaining public trust in real estate transactions.  Created by the Appraisal Foundation, USPAP set forth the guidelines for how appraisers should perform their work. By following these standards, appraisers ensure that they act in a professional and unbiased manner. Starting in 2022, Desktop appraisals will now be accepted by Fannie Mae.  A third-party inspector (Realtor, Homeowner, Uber Driver, Home Inspector, AMC trained property data collector, etc.) will come to your home, take measurements, make a floor plan, take pictures and notes. This person does not have to be licensed by the state as a professional. Appraisers are Background checked by the state.  Where are the protections for consumers to know who might be coming into their homes? Who do they represent? What is the knowledge or experience of these inspectors? Are they remaining unbiased? Are they providing all the info needed? 

Are These third-party inspectors adequately trained?

Are these inspectors being Background checked?

Consumers deserve to know who comes to their homes and what role they play in the process. They deserve to know where all this information is going. There are no laws or regulations that will absolve the signing appraiser of issues due to inadequate information the inspector collected. The signing appraiser is fully responsible for all information within the report. This is an excerpt from this post.  Please read it fully.  https://t.co/HOAoUiuKlw