Will The Way Corelogic Treats Its Appraisers Hurt Alamode Renewals?

[Michigan CG]

I just read about an opportunity to "bid" on a Corelogic order with an offer for the 2055 report at $165. Considering they have had a pretty bad reputation for over a decade and considering appraisers are not too happy with them buying Columbia, Appraisalscope, Mercury and now Alamode, will the Alamode brand lose appraisers to different software companies?

Multiple choices allowed. Your vote is not publicly displayed.

 

[hastalavista]

I answered 15% + (my best guess) but my bet is (a) they recover that in 5 or so years and (b) that loss ratio is not significant to their end-game.

 

[Meandering]

Not voting.
I just don't see the point of the poll.
Even if nobody renews, not like CL is going to go belly up.
Who needs the data from this poll anyway?

Didn't they also buy Marshall and Swift?

Perhaps they can explain why Average and Good quality costs more than
Bargain basement.

 

[Michigan CG]

Not voting.
I just don't see the point of the poll.

This is a professional forum, and people have discussions on professional forums, it is kind of the purpose of a forum to discuss things about the profession. Otherwise we could just post cute dog videos.

Who needs the data from this poll anyway?

No one needs the data, it is a discussion. See above.

......Didn't they also buy Marshall and Swift?
.

Yes they did, I knew I was forgetting one.

 

[Tim The Enchanter]

Repercussions? I have no idea.

Many appraisers say, See you in Hell!

Have not bothered to check, but I bet their investors see thing differently.

 

[Meandering]

This is a professional forum, and people have discussions on professional forums, it is kind of the purpose of a forum to discuss things about the profession.
No one needs the data, it is a discussion. See above..

Okay,
Let's have a discussion.

A poll is a data collection tool, not a discussion, but we can talk about what you posted.

As I review the poll voting options, a few common themes appear, and might be considered a bias.

What will be the repercussions to alamode considering the business practices of Corelogic?

1. They will lose a substantial amount of subscribers, over 15%
2. The losses will be minimal, if any.
3. They will lose 5%-15% of their subscribers.
4. Those getting the offers for low fees will be more likely to switch software.

Wow,
what if more appraisers buy into alamode because they are now working for Corelogic's AMC? We already know there are AMCs that mandate the use of their proprietary software, why would Corelogic act differently?

1. Most appraisers don't keep up with what happens in the industry and don't know about these things.
2. State Coalitions will get involved to encourage people not to renew Alamode.
3. Corelogic/Alamode will be on a PR campaign to keep their current subscribers.
4. The new Freedom Software coming out will be a big hit to Alamode.
5. Flawed Poll.

Wow,
if most appraisers don't know about such things, that does not speak well for what your "peers do".

Wouldn't an attempt to organize a boycott just be an anti-trust violation? I don't think state coalitions are that short sighted.

Any new provider of appraiser software will be a hit to the same 4 providers that survived after JD had to close down his.

So which part would you like to discuss?

.
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[bnmappraisal]

I voted 5-15% loss of subscribers and that most appraisers don't keep up/know about what goes on

From a couple of the other threads regarding the buyout I do think a decent amount of people will NOT renew their software, but I don't think it will be over 15% of their subscribers. Personally, although I am no fan of CoreLogic, I did renew Total for another year. I like the software and it has worked well for me and my business. Until that changes, I plan on sticking with it

As far as my other choice - I don't think many/enough appraisers keep up with many "going on's" in our industry. I just talked to a friend of mine yesterday who's an appraiser here in Tampa. He's on the VA panel and has been appraising well over 20 years. He had no idea about hybrid/bifurcated appraisals. Said he never heard of them. That's just one example

 

[Evincere]

on



- I don't think many/enough appraisers keep up with many "going on's" in our industry. I just talked to a friend of mine yesterday who's an appraiser here in Tampa. He's on theVA panel and has been appraising well over 20 years. He had no idea about hybrid/bifurcated appraisals. Said he never heard of them. That's just one example

Right. They’re picking their heads up and out from their desks and coming here or elsewhere for information. Betting they’re being bombarded with solicitations.


https://appraisersforum.com/forums/threads/appraisal-with-no-inspection-by-appraiser.220551/

 

[TJSum]

Flawed poll, you left out the most important factors, how much the appraiser actually likes the appraisal software. Add the thought of losing ones UAD comp database, that is no minor issue to be ignored.

I was a long time clickforms user, back when it carried other names, but when they stiffed the appraiser when UAD came out I left. Spent some time with NCV before that collapsed. Moved onto Total and have really liked its ease of use and features. As long as the software remains solid, and my UAD comp database continues to grow, not interested in switching.

Who's to say the new appraisal software company anyone switches to will not be bought out in the near future by Corelogic or some similar company.

 

[Meandering]

No one needs the data, it is a discussion. See above..

Not much of a discussion.

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