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OREP National Survey on Bifurcated Appraisals

Survey results will be published and available to everyone.

Definitions:
Bifurcated Appraisal: A bifurcated appraisal is a valuation that is “broken up into two parts” – data collection and analysis. The analysis is completed by a Licensed/Certified appraiser who did not physically inspect the subject property, but instead relies on a third-party inspection by a “Property Data Collector” (Fannie Mae calls it a Property Data Collection).

Property Data Collection (PDC): A property inspection where specific data is collected about the subject property first. Fannie Mae may decide to proceed with a loan based solely on a PDC, or may require a desktop appraisal (1004P) in conjunction with the PDC before approving the loan.
1.Have you done a bifurcated appraisal assignment as the Appraiser Analyst?(Required.)
2.Have you done a bifurcated appraisal assignment as the Property Data Collector?(Required.)
3.Will you consider future assignments as the Appraiser/Valuation Analyst only?(Required.)
4.Will you consider future assignments as the Property Data Collector only?(Required.)
5.If the Property Data Collector/Inspector is always a licensed Appraiser or Appraiser Trainee, would you be more likely to consider future assignments as an Appraiser/Valuation Analyst only?(Required.)
6.Please select the reasons for not accepting assignments as the Appraiser/Valuation Analyst only:(Required.)
7.Please select reasons you will not consider assignments as the Property Data Collector only:(Required.)
8.Which do you agree are possible benefits of Bifurcated Appraisals.(Required.)
9.Do you believe that appraiser-analysts who do not visit neighborhoods/properties are in danger of losing their ability to produce credible reports over time due to a loss of familiarity with markets, neighborhood influences and/or other factors?(Required.)
10.Do you believe that the bifurcation process will speed appraisal turn times?(Required.)
11.Please include any additional thoughts or commentary you’d like to share:
Current Progress,
0 of 11 answered