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PAR Logic Rule 1004MC

Discussion in 'ACI (Appraisers Choice) Software' started by Doug Smith SRA, Apr 9, 2009.

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  1. Doug Smith SRA

    Doug Smith SRA Member

    0
    Jan 16, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Montana
    This is an ACI rule set question. The rest of you go away...

    I derive the listings for each period on the 1004MC form. When I run Par Logic, it says the total listings on page 2 must equal the total of the three columns. This is illogical because a listing might appear in three time periods.

    Suddenly, I recalled that according to Henry Harrison's guide, the listings in the column are current listings sorted back over the time they were in effect.

    Sorting the current listings back over the three time periods makes no sense since it does not establish a trend, only the playing out of listings. The oldest are too few and likely to be priced too high accounting for these remaining on the market.

    However, when added together, these would represent current listings and the rule set would be correct.

    The Fannie Mae Video states that listings are to be those that were active in each time period.

    The Par Logic rule set does not appear to be correct but I am left wondering since if you follow the HH guide, it would be correct.

    Doug.
     
  2. OSU Beavers

    OSU Beavers Elite Member

    24
    Jan 10, 2007
    Professional Status:
    Licensed Appraiser
    State:
    Oregon
    I don't sort them out. If the listing is current I put it in the far right (3-0 month) box, along with the median price of the current listings and the median DOM of all current comparable listings. The greyed out boxes get a "Not Available" since I have no way of knowing what may have been listed during the past 4-6 and 7-12 months.
     
  3. Rich Heyn

    Rich Heyn Senior Member

    10
    Jan 17, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Michigan
    Doug,

    We're aware of it and are in the process of adjusting several rules. The changes need a few more days in test, so run a web update in about a week.

    Rich
     
  4. Doug Smith SRA

    Doug Smith SRA Member

    0
    Jan 16, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Montana
    Thanks

    Rich,

    Thanks so much for your quick reply. I have learned the hard way to make frequent web updates.

    The rule set currently tests whether the 1004MC form is present. I use a software program and paste the page(s) onto a image page(s).

    To account for this, is it possible to put in a check mark exception that the report is otherwise included? To get past vendor rule sets, I have to put the form into the pack filled out or blank refering to attached pages to satisfy the rule set.

    Thanks,


    Doug
     
  5. Doug Smith SRA

    Doug Smith SRA Member

    0
    Jan 16, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Montana
    Thanks

    Rich,

    Thanks so much for your quick reply. I have learned the hard way to make frequent web updates.

    The rule set currently tests whether the 1004MC form is present. I use a software program and paste the page(s) onto a image page.

    To account for this, is it possible to put in a check mark exception that the report is otherwise included? To get past vendor rule sets, I have to put the form into the pack filled out or blank refering to attached pages to satisfy the rule set.

    Thanks,


    Doug
     
  6. EDWARD BERRY

    EDWARD BERRY Senior Member

    0
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    DOUG, ARE YOU USING AN Excel 1004MC AND IMPORTING OR COPYING TO A MAP PAGE?
    DOES IT COME IN FULL SIZE?
    THANKS MUCH, ED
     
  7. Doug Smith SRA

    Doug Smith SRA Member

    0
    Jan 16, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Montana
    Pasting


    I use a software program to complete the form. It produces a series of pages that contain the 1004MC, the narrative section and the charts and graphs. I copy and paste these onto an extra image page. They are full size and readable. The software program is built on an Excel Program. I use Excel 2007. The program is Total Solutions and there is a review on Appraisal Scoop.

    For those lenders whose rule set insists I have the form itself in the report, I put the native form into the pak and just put the results in the top area and note in the body to see addendum and then attach these pages.

    So far so good. I don't think anyone is reading reports these days. I send stuff into Appraisal Port and the order closes within the hour. :rof:

    Doug
     
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