UAD 3.6 discussion

[glenn walker]

120 Million Square Feet: Store Closings In The US Are On Pace To Set A New Record High In 2025​

If everything is going to be just fine, why are thousands of stores closing all over the country?

In fact, during the first six months of this year 5,822 store closures were recorded closed…

If stores continue to close at this rate, we will break the old record that was established during the pandemic by a wide margin.

... the economy is shrinking

No kidding people don't go shopping it delivered and retail buildings are the coal mines. AI and techs going to decimate the old cubicle dwellers.

 

[glenn walker]

A Face book appraiser posted that a seminar he attended had a few Fannie Mae representatives who declared they hadn't spent 7 years developing the new 3.6 forms to then try to eliminate the appraisers and that appraisers futures
are looking good. Finally waivers are not going to be replacing appraisers.

 

[djd09]

Inventory of Homes for Sale Balloons in Texas and its Big Metros: Dallas-Fort Worth, Houston, Austin, San Antonio​

by Wolf Richter •​

Amazing turn of events: From desperate “housing shortage” to massive inventory pile-up in four years.​

By​

Inventory of existing homes for sale in Texas jumped by 24% in July year-over-year, by 73% from July 2023, and by 208% from July 2021 – the period of inventory depletion – to 140,980 homes, the highest in at least the decade of data from Realtor.com. Compared to the Julys in 2017-2019, active listings were up by 32-37%.

Inventory of Homes for Sale Balloons in Texas and its Big Metros: Dallas-Fort Worth, Houston, Austin, San Antonio | Wolf Street

will the borg compute...

 

[J Grant]

A Face book appraiser posted that a seminar he attended had a few Fannie Mae representatives who declared they hadn't spent 7 years developing the new 3.6 forms to then try to eliminate the appraisers and that appraisers futures
are looking good. Finally waivers are not going to be replacing appraisers.

7 years?
God created the world in 7 days.
Too bad there was no readily available AI when they started - I bet it could have revised the forms in an hour-

 

[glenn walker]

7 years?
God created the world in 7 days.
Too bad there was no readily available AI when they started - I bet it could have revised the forms in an hour-

I believe the original was not anything like what it's evolved into. That's due to how technology changed so fast in just the last 36 months and Covid-19 had shown that appraisers would adapt and comply to non traditional ways of doing things.

This new UAD is going to allow the data engineers to change and continually retool the processes in real time. The appraisers won't notice changes as they will be internal and the systems will self evolve creating hard stops and error alerts to the inside user programmer's.

Life will be easier for the appraisers because they become less burdened
by not having to write or wasting time writing addenda as it's evolving into a 90% form filling check the boxes and hit go. The other time saver is one form.

The positives are the higher volume appraisers will make more income by learning that less is more. It's beginning to look very exciting for the younger appraisers who are looking forward to embracing the new technology.

 

[djd09]

God created the world and heavens in six days...and on the seventh he rested

 

[J Grant]

I believe the original was not anything like what it's evolved into. That's due to how technology changed so fast in just the last 36 months and Covid-19 had shown that appraisers would adapt and comply to non traditional ways of doing things.

This new UAD is going to allow the data engineers to change and continually retool the processes in real time. The appraisers won't notice changes as they will be internal and the systems will self evolve creating hard stops and error alerts to the inside user programmer's.

Life will be easier for the appraisers because they become less burdened
by not having to write or wasting time writing addenda as it's evolving into a 90% form filling check the boxes and hit go. The other time saver is one form.

The positives are the higher volume appraisers will make more income by learning that less is more. It's beginning to look very exciting for the younger appraisers who are looking forward to embracing the new technology.

The consensus among the majority of appraisers is that the new format will be more time-consuming both at the inspection site and in the report side.
But nice try at the PR spin!

 

[glenn walker]

The consensus among the majority of appraisers is that the new format will be more time-consuming both at the inspection site and in the report side.
But nice try at the PR spin!

Consensus by a few people really has limited credibility. Remember the first UAD- people made it into a big negative but after a few months they embraced it.

 

[glenn walker]

For a Single user or ones that aren't form fillers it may prove to slow them down but for larger operations it's going to increase speed and efficiency. So yes a negative for a one person operation which is most on the AF and Facebook.

 

[Tom D]

So more detail needed on the subject and comps, by looking at them again and again will make you a faster appraiser. That may be possible if the check boxes are alligned in a certain order. But just looking at it, it don't look faster.

Glen is saying it will be faster, more appraisals done. Hey lenders, did you hear that. No need to raise dem fees. Just reference Glen.