I am not doing the 3.6 FORM deal

[Tom D]

Question Tom: what is a little big city?

Wha da, you now stipping posts here.

Dear posting underwriter,
Corrected: Big city, little row homes. Or maybe, it's more little neighborhoods here than big city name. We need not humorously bring up your perception of a writing mistake.

 

[George Hatch]

bullied by the loan brokers...pity party...maybe you should of called the hotline

It was enough to get them banned. So that happened. Same way it happened on the FRT side back in the 1990s, and for exactly the same reason. Your MB friends had no business even touching an appraisal or talking to an appraiser prior to them submitting those reports to the actual decision makers. Let alone controlling the entire engagement like they were publishing an advert for their loan application.

The tech side of the current operating environment would have evolved anyway, even if the MBs hadn't been kicked out of the loop. Given the volumes we're talking about the capitalists would have have the economic motivation to build their vertical integration and the clients would still have been enabled to engage in one-stop shopping and enabling competition by fee.

 

[Alsie35]

I've heard one provider is leaning toward $75 per use. But even at your low end, an appraiser completing a relatively light load of 10 a month (@$50 per pop) will see their UAD 3.6 software cost soar $6k per year. That's not including extras, portal fees, and the cost for legacy software if needed.

Ouch.

So long as they let us use the legacy software at a set fee until it's sunseted, I don't give a flying leap what they charge for the 3.6 abomination, so long as it doesn't require me to pay anything for it.

We will see what happens in that regard.

The thing I absolutely hate more than anything else right now is all the shilling that's coming out of everywhere.

I don't mean here on the forum, I choose to come here and I do, but I'm talking about the daily incoming emails.

I cannot wait to send out my notices to all of my clients, and then block every single appraisal related email that still comes in. I'm telling you I'm having daydreams about it.

As my hero Theodore Roosevelt might have put it:

"Eyeee am going to THOROUGHLY ENJOY MYSELF!"

 

[Non Sequitur]

Back to pricing. In defense of the software providers, I’m pretty sure they have a lot of anxiety about this too. On one hand, they have to at least try to recoup the money spent for a complete rework of their offerings, on the other hand anyone paying attention knows independent appraisers are already operating on a razor thin margin because of the AMC takeover of the business. There just isn’t enough money to go around, my guess is there will be fallout.

 

[cashcatz]

The one provider said $99 a month for 3.6, plus a $20 month program for mobile. The one developer said that you could print out a check list.

That's cheap as hell for line of biz software.

 

[cashcatz]

Back to pricing. In defense of the software providers, I’m pretty sure they have a lot of anxiety about this too. On one hand, they have to at least try to recoup the money spent for a complete rework of their offerings, on the other hand anyone paying attention knows independent appraisers are already operating on a razor thin margin because of the AMC takeover of the business. There just isn’t enough money to go around, my guess is there will be fallout.

Several commercial report writing software business have gone bust over the past 4 years including one which is sunsetting on Dec 31.

 

[djd09]

It was enough to get them banned. So that happened. Same way it happened on the FRT side back in the 1990s, and for exactly the same reason. Your MB friends had no business even touching an appraisal or talking to an appraiser prior to them submitting those reports to the actual decision makers. Let alone controlling the entire engagement like they were publishing an advert for their loan application.

The tech side of the current operating environment would have evolved anyway, even if the MBs hadn't been kicked out of the loop. Given the volumes we're talking about the capitalists would have have the economic motivation to build their vertical integration and the clients would still have been enabled to engage in one-stop shopping and enabling competition by fee.

it is better now...they just estimate value via waiver with a thumbs up from your freddie boy

 

[Alsie35]

The comical part is the AMC pitch that they expect fees to remain basically unchanged which is hilarious. When the "notables" forced the 1004MC on us, we were able to raise fees anywhere from $25-$75 per report, maybe some got even more and the 1004MC wasn't a major change since most of us were already doing our own version of it. Forget what the Institute lackeys are saying, when one considers simple supply and demand, fees will increase considerably. If it takes more time and effort for a peon to push a GSE widget through a funnel, the peon will demand more for that task and get it. I've thoroughly enjoyed responding to some the AMC spam questionnaires and inquiries about the new form that isn't a form. It's no surprise they don't like being addressed like telemarketers. One "chief" didn't like my tone and found it unprofessional. I told him I considered begging for information about the new form from individual appraisers several notches below being unprofessional and if he and his company were truly important in the grand scheme of things he would already have the answers he was seeking.

I took a different approach.

I have deleted every single one of those emails as soon as I saw them.

Keep the bastards in the dark, make them sweat. After all, they are all collaborators with the GSE machine, and nothing else.

And when it finally happens, they will find out that their appraiser pool just shrank by 40% - literally OVERNIGHT!

You got to love it.

 

[Bobby Bucks]

Back to pricing. In defense of the software providers, I’m pretty sure they have a lot of anxiety about this too. On one hand, they have to at least try to recoup the money spent for a complete rework of their offerings, on the other hand anyone paying attention knows independent appraisers are already operating on a razor thin margin because of the AMC takeover of the business. There just isn’t enough money to go around, my guess is there will be fallout.

I agree, this isn't the same as sneaking in $10 "tech upload fees" although they will probably attempt some twister version of that scam.

 

[djd09]

I've heard one provider is leaning toward $75 per use. But even at your low end, an appraiser completing a relatively light load of 10 a month (@$50 per pop) will see their UAD 3.6 software cost soar to $6k per year. That's not including extras, portal fees, and the cost for legacy software if needed.

Ouch.

i saw this on the blog...that is thieving