ValueNet

[George Hatch]

The computer would be doing more of the copy/paste that the appraiser would otherwise be doing anyway if they were trying to include that much of their workfile in the report.

We're talking about a copier function, not an AI function

 

[CANative]

I am not suggesting some sort of automated tool that spits out the answer. Those are basically useless to any appraiser. I am talking about a tool, in the formsware, that aids the appraiser in the analysis and then puts the results into a report. What you refer to is what an AVM does - what I am talking about is what an appraiser is supposed to already do - every time.

Now, the form fillers will certainly push back on this idea, because it has the potential to expose them for what they really are. For those who really have support, this should be a non issue. Its just a more efficient way to do what they already do.

You mean like a blue water view versus a white water view versus a blue water plus sea stack and lighthouse view but with some trees in front of the view or houses and trees in front of the view?

lol

 

[George Hatch]

V1 through V10

 

[DWiley]

You mean like a blue water view versus a white water view versus a blue water plus sea stack and lighthouse view but with some trees in front of the view or houses and trees in front of the view?

lol

Actually, I would pilot a program that was pretty simple and addressed only two things, as a starting point - support for site value/site adjustments and support for GLA adjustment. Those two items alone address a LOT of issues.

 

[Mike Kennedy]

It depends, the perceived payout to the appraiser for the additional work, (IE: hours required) will not be accomplished via an AMC; when the work required is undervalued as it stands in today's marketplace.

Pls note my prior post did not suggest, imply, or state no additional fee for the additional analysis in a report.

 

[J Grant]

I am not suggesting some sort of automated tool that spits out the answer. Those are basically useless to any appraiser. I am talking about a tool, in the formsware, that aids the appraiser in the analysis and then puts the results into a report. What you refer to is what an AVM does - what I am talking about is what an appraiser is supposed to already do - every time.

Now, the form fillers will certainly push back on this idea, because it has the potential to expose them for what they really are. For those who really have support, this should be a non issue. Its just a more efficient way to do what they already do.

Okay, develop it and show it to us!

 

[George Hatch]

The irony is that if the appraisalware included and printed out the sensitivity analysis they already have for the GLA adjustments and did the same for the site adjustments the automation would *reduce* the amount of time and effort the appraiser spent developing and explaining their adjustments. The same way data wrangler programs like Datamaster cuts down on the mindless data entry appraisers otherwise have to do with their own hunt-n-peck.

 

[DWiley]

The irony is that if the appraisalware included and printed out the sensitivity analysis they already have for the GLA adjustments and did the same for the site adjustments the automation would *reduce* the amount of time and effort the appraiser spent developing and explaining their adjustments. The same way data wrangler programs like Datamaster cuts down on the mindless data entry appraisers otherwise have to do with their own hunt-n-peck.

Exactly!! We even offered to pay for the two largest providers to do just that, but neither wanted to pursue it. Its a shame really, because it would be pretty simple to do something that basic. Without GSE support, it will be difficult to get anyone onboard.

Okay, develop it and show it to us!

Working on it

 

[bnmappraisal]

I know some are probably seeing red about this - but the harsh reality is that service time counts. It always has - even more today in this Amazon world we are in. Yes, we score service time, and in the total score service is 1/3 of the score and quality is 2/3 of the score. And, guess what? The lenders score AMCs in a very similar manner.

(my bold) I'll vouch for that
From many sources of friends/former co-workers at AMCs
Lenders, especially larger ones, have score cards for AMCs just as AMCs have score cards for appraisers

 

[George Hatch]

Exactly!! We even offered to pay for the two largest providers to do just that, but neither wanted to pursue it. Its a shame really, because it would be pretty simple to do something that basic. Without GSE support, it will be difficult to get anyone onboard.



Working on it

Just think if the appraisalware would show displays of the datasets at different stages of the appraisal process; tertiary, secondary and primary prior to the appraiser getting to their pick of the direct comparables in their grids. We could run different types of analyses on the different datasets, such as showing how the direct Comps #1-#10 related to the overall neighborhood composition without regard for similarity vs the smaller subject of more generally comparable data.

Then when you get an ROV you can cite those sales as being in your macro analysis but they didn't make it into the secondary because they didn't meet the search criteria noted for that secondary dataset.

I.E., asked and answered, Mr Broker.