UAD 3.6

[Zoe]

Well, if your tooth hurts bad enough...

True. Your begging for a root canal then. LOL

 

[George Hatch]

To expand on reader usability, I think the AI forms present a very usable balance between the overly truncated 1004 vs the overly detailed revised-UAD. The 1004 is so jammed up that everyone has to add addenda and force the reader to flip back-n-forth in order to understand the report. A 2025 appraisal on a 1004 ends up looking like a Yugo that got dragged through the chrome accessory aisle at Wal-Mart or Pep Boys.

If you need a truck then its easier for everyone concerned if you start by using a truck.

 

[Zoe]

Or just pull the tooth Dr., if you can't do the root canal. I am hurting.

 

[Alsie35]

To expand on reader usability, I think the AI forms present a very usable balance between the overly truncated 1004 vs the overly detailed revised-UAD. The 1004 is so jammed up that everyone has to add addenda and force the reader to flip back-n-forth in order to understand the report. A 2025 appraisal on a 1004 ends up looking like a Yugo that got dragged through the chrome accessory aisle at Wal-Mart or Pep Boys.

If you need a truck then its easier for everyone concerned if you start by using a truck.

Except they want us to jump from a Yugo to a Tesla without knowing a damned thing about batteries.

 

[OSU Beavers]

I like the expandable fields, but dread having to measure the height of every subject's front step and figure out if it qualifies as having "High Speed" Internet.

 

[glenn walker]

Most new homes in my area no longer have phone Jack's ior wiring installed. I never thought about it until I bumped into a retired Verizon Phone guy at a home. He said nope people don't read the builders list which has phone jacks wiring as a add on. Most use cell phones, cable or dish TV so it's an extra $500 plus bucks. But today with a Tesla Satellite Service a guy can live in a cave or van and get high speed internet for $150 a month.

 

[Alsie35]

They are getting nervous out there. Got this survey from an AMC this AM. Read the questions carefully. Not sure I will answer it at this point.

Do you think they are getting worried yet about the likely unintended consequences of converting to UAD 3.6?

Things like Pandemic-like turnaround times, appraisers' work capacity cut in half and demand for significantly higher fees to accept the work? Methinks the AMCs and lenders might be squealing like stuck pigs to Fannie to push the dates out - we will see.

I would like to ask any of our resident Fannie Reps: Have you guys seriously considered the "unintended consequences" of the impending UAD 3.6 rollout? Like gravity, the Law of Unintended Consequences is a natural law - and it hits each and every single time you make a big change like this. And its rarely accounted for in early planning, in my experience, because early planning is always way too optimistic - especially when its being rolled out by a bureaucracy. Just FYI. Trying to be helpful.

Perhaps extending the deadlines, or the "dual form testing period" is preferable to risking "crashing the system".

 

[Alsie35]

I like the expandable fields, but dread having to measure the height of every subject's front step and figure out if it qualifies as having "High Speed" Internet.

CRSDATA started including a segment on each property page about Internet access last year. I laughed when I saw it at first - now it turns out I may be thanking them after UAD 3.6 kicks off!

 

[glenn walker]

They will extend it or roll it out in phases using certain big AMCs as Beta Testers until the bugs are worked out.

 

[Alsie35]

They will extend it or roll it out in phases using certain big AMCs as Beta Testers until the bugs are worked out.

I don't see how this scenario can be avoided. This thing is just too big, too buggy, and too complicated to just "turn on". And I will likely not volunteer to be in the forefront of the beta testers. Fortunately we have, as of this year, entered the "downsizing" phase of our business. We made our hay while the sun was still shining - thank the Good Lord!