Virgina REAB and Portal Petition

[George Hatch]

But any "all the eggs in one basket" approach is even more exposed to the type of political intrigue being implied by so many here. Just PO the wrong person and suddenly a hundred of your reports turn up at the state board.

Also, you might consider that what is being suggested here is reverse transparency. The original meaning of the term is about independent contractor analysts leaving an audit trail for the clients and users - not their clients opening the books so that the independent contractors can go on a witch hunt.

FTR, I was only referring to the vault portion of the Dodd/Crowley proposal, not the rotation panel component that so many appraisers detest.

 

[woodyva]

I asked for one example of "USPAP troubles of conversion" not "proof of inquiries" - whatever that is.

FNC has had a viewer since the first day AIReady was used. That is how appraisers have been able to preview reports before sending them and clients have been able to read them after receiving them.

The only circle I see is the wagons being circled when I ask those who claim there are obvious problems to point them out using the sample reports. On the one hand there is bold proclaiming of obvious issues, on the other hand no one seems willing or able to back up those claims with specific examples from an AIReady report.

You are right they had a viewer. No appraiser had access to the viewer unless they were in the process of the conversion. No true copies of the conversion were available for the preparer of the file to go back and view the report as it was sent.

The fact that not one appraiser could retain a viewable copy of a report is proof positive that apppraisers were not in the least considered by FNC. YOu can spin it however you want but no appraiser had the ability to read the sent report as an ENV file unless it was being converted at that moment in time.

How did that ever make sense to anyone?

 

[woodyva]

I have converted reports with up to six legal pages of comments, and no information was omitted. Just how much more narrative would one need in a form report?



And once it is converted the AIReady preview window clearly shows the converted version and the location of all text. Of course, if one chooses to close their eyes many things go unseen.

You uploaded a plain jane vanilla report. Nothing impressive about the fact you have less than minimal information that does not overflow.

 

[woodyva]

View attachment 15531 View attachment conversion results.pdf

Here is a report I did about a month ago. Due to limitations I have included what was originally in my report (I have changed any non-disclosable info). Yes I did use a lot of pictures, it is a large estate owned by someone with more money than I will ever have. Of that report all I have included is a copy of the table of contents. The next PDF is a copy of what the OADI converter could and could not convert, please note that 4 pictures could not fit in the limited size of the screen.

I find it a problem when software does not allow the author of the report to fully establish what is and needs to be communicated and how it is communicated.

4 pages of data did not go through including charts, 5 of my comps.

 

[Carnivore]

View attachment 15531View attachment 15532

Here is a report I did about a month ago. Due to limitations I have included what was originally in my report (I have changed any non-disclosable info). Yes I did use a lot of pictures, it is a large estate owned by someone with more money than I will ever have. Of that report all I have included is a copy of the table of contents. The next PDF is a copy of what the OADI converter could and could not convert, please note that 4 pictures could not fit in the limited size of the screen.

I find it a problem when software does not allow the author of the report to fully establish what is and needs to be communicated and how it is communicated.

This is the problem.

To the detractors; This problem exist with or without the motive of data mining.

 

[TJSum]

Don't worry WoodyVA the Table of Contents page does not convert either, so who is to know

I noticed a disclaimer at the bottom of your example that states *The Statement of Limiting Conditions is changed with AI Ready, just wondering exactly what the changes to these statements are? Please advise...

 

[George Hatch]

Am I reading that printout correctly - the conversion format would only accept 12 comps and their photos and it wouldn't package what appears to be a non-standard addendum.

If that's really the case, you may color me underwhelmed. I must just be a form monkey, because I don't recall ever needing more than 8 or 9 comps to make my case in an SFR appraisal. And trust me, I've appraised my share of wierdo SFR properties.

Really, I'm pretty sure that if I was building an 18-comp SFR appraisal my Wintotal program will have crashed at least 5 times before I ever get around to trying to package the report. I doubt any of you have clients who would even read such a report for an SFR loan.

I think that if an appraiser had a report which was THAT complicated, FNC might bend the rules a bit and let the appraiser send that one in on a pdf. If you guys are portraying this as a day-to-day problem then I'd be looking for a rather pinkish herring.

 

[McPheeters]

View attachment 15531 View attachment 15532

Here is a report I did about a month ago. Due to limitations I have included what was originally in my report (I have changed any non-disclosable info). Yes I did use a lot of pictures, it is a large estate owned by someone with more money than I will ever have. Of that report all I have included is a copy of the table of contents. The next PDF is a copy of what the OADI converter could and could not convert, please note that 4 pictures could not fit in the limited size of the screen.

I find it a problem when software does not allow the author of the report to fully establish what is and needs to be communicated and how it is communicated.

4 pages of data did not go through including charts, 5 of my comps.

Well, there's the front end.......now I would like to see the recipient's version.

 

[TJSum]

I agree GH, Woody's example is just as realistic as the one DW provided, they both are extremes, not much is proved either way. The realistic everyday report will have limits to what exhibits can be used and/or several comments moved from the URAR onto an addendum. IMO that is a problem, but many others disagree.

My curiosity is peaked by the changes to the Limiting Conditions Statements, for someone who knows, please provide what the changes say...

Excellent point Paul, that is the great unknown...

 

[woodyva]

Am I reading that printout correctly - the conversion format would only accept 12 comps and their photos and it wouldn't package what appears to be a non-standard addendum.

If that's really the case, you may color me underwhelmed. I must just be a form monkey, because I don't recall ever needing more than 8 or 9 comps to make my case in an SFR appraisal. And trust me, I've appraised my share of wierdo SFR properties.

Really, I'm pretty sure that if I was building an 18-comp SFR appraisal my Wintotal program will have crashed at least 5 times before I ever get around to trying to package the report. I doubt any of you have clients who would even read such a report for an SFR loan.

I think that if an appraiser had a report which was THAT complicated, FNC might bend the rules a bit and let the appraiser send that one in on a pdf. If you guys are portraying this as a day-to-day problem then I'd be looking for a rather pinkish herring.

Missing the point George, how many comps that someone uses is not really the problem. If an appraiser chooses to us ethat many then they should have that right, and yes I have submitted reports with a ton of extra info in the past. Most especially when, like this file proved to be, a very unusaul property that required historcial analysis in order to support adjustments with a limited availability of comps for this paticular market.

As far as non-standard addenda: two of those were simply image pages that would not upload, there were charts of trend analysis on these and integral to painting a picture for the reader.

The remaining was simply text arranged in a pre set grid. It was not in the box of what these companies consider important so they do not want sophistication of any kind, so the data remains simple for their QC programs. I still say that they can accomplish that by letting the additional info stay in.