UAD 3.6 discussion

[Fernando]

Quantifying adjustments for "window surface area" freaks me out…
View attachment 97127

I can't be distracted by the irrelevants. I need to FOCUS, FOCUS, FOCUS.

 

[Mike Ault]

I suspect many of the fields won't apply in most situations

I can't think of any mortgage lending situation where an appraiser could even pretend to come up with a credible adjustment for that field. I can't believe it's even on a GSE form.

 

[Mike Ault]

I can't be distracted by the irrelevants. I need to FOCUS, FOCUS, FOCUS.

Somebody higher up the decision tree believes it's relevant.

 

[Fernando]

Somebody higher up the decision tree believes it's relevant.

Construction method, Structural Design,.....WTF. Subjective adjustments.

 

[Mike Ault]

Construction method, Structural Design,.....WTF. Subjective adjustments.

No such thing as "subjective adjustments" anymore. They want you to support each and every one. No more appraisers "opinions", just "results" derived from the appraisers "analysis".

 

[J Grant]

One question is: From the new form, there is no separate 1004, 1073 or 1025 form any more. Thus it is put appraiser burden to define the subject is single home, town house or condo.

From what I understand, there is what they call a "dynamic" form- choose a drop-down field of some sort that will define it as a condo, SFR, etc, with appropriate fields for the information pertaining to that property type. I am sure our software companies will offer training on the reforms.

 

[Tom D]

Thank God that all my work is mostly identical little row homes. Seen 1 you seen them all. I see a bear trap for you rural & suburban variations. I predicted a while back that within 1 year of the new uad, most here will not wanna doing them for the same fee. Yous think the cheap AMC appraiser will make a living at more time, same pay.

Anyway, the big question to me is can i make a template. If i have to put info in each block each time, i'm done. Well i have direct lenders. I think they will pay me more for the extra time needed. They don't want dopes doing their work. Still will be part time, but i can go for higher paying, 2 a week, while i do my other new business.