I am not doing the 3.6 FORM deal

[chad hampton]

Head buried in an iPad probably doesn’t even bother to look at the house.

 

[J Grant]

Head buried in an iPad probably doesn’t even bother to look at the house.

People are not buying a house !! They are buying a list of data!! ( sarcasm )

 

[Non Sequitur]

It's also possible the other appraiser was already filling most of the form out, saving desk time.

This is another trick of words the modernization salesmen push. I'm still trying to figure out how spending an extra hour on site vs an hour in the office saves time. Is it like daylight savings? Heck, I'd rather hit the road and spend the time at my office rather than inconveniencing the occupant. Yeah I know, AMC staff and national firm appraisers can upload the data to the cloud so a virtual assistant can complete the report and claim super fast turn times.

 

[J Grant]

This is another trick of words the modernization salesmen push. I'm still trying to figure out how spending an extra hour on site vs an hour in the office saves time? Is it like daylight savings? Heck, I'd rather hit the road and spend the time at my office rather than inconveniencing the occupant. Yeah I know, AMC staff and national firm appraisers can upload the data to the cloud so a virtual assistant can complete the report and claim super fast turn times.

Exactly. Whether I check the boxes on a printout on a clipboard or fill it in on a tablet device, it's the same thing. Maybe five more to duplicate the check boxes at home office - well worth it for the privacy and comfort and safety of home

1/3 of the houses I do are vacant and I do not want to be in a vacant house longer than necessary. And if an owner or RE agent is there, I find them distracting because they want to follow me around and talk. Regardless of how we enter the data, we will be on site longer due to more measuring and detailed fields to fill out.

The time suck and delays will be getting information tracked down, such as how old the roof is and other details. I find there is usually a few major issues that reveal themselves only when the appraisal is being developed and that is what slows things down.

Who cares if a mobile device saves ten minutes of data entry or photo placement? We are not going to be that busy! Between Waivers and PDC collectors, the volume is going to be lighter -

 

[nachocheesefries]

Would be interesting to know which app, some are quite unwieldy and not efficient as they could be. It's also possible the other appraiser was already filling most of the form out, saving desk time. But 2 1/2 seems quite long, perhaps he was getting his sports betting in because I've done entire multi wing nursing home facilities in less time...

I would bet you are correct about filling the form out on site, like a home inspector does. That's a model that may work for people with no assistants or secretaries. Can't do that 3-4 times a day and be off by 5-6PM...

As I keep saying, the form filling garbage is for form fillers, not professional appraisers. Professional appraisers have data entry people to do the typing while they do the analyzing. No different than a paralegal or a accountants bookkeeper. That option is being taken away from highly efficient operations that crank them out everyday, like mine. By highly efficient...my operation consists of me and a secretary that has been with me 16 years now. We crank em out!

 

[Essexfenwick]

3.6 is the new mRNA shot regimen. Figuring out who is who.

 

[George Hatch]

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

That's better that appraisers lying in order to enable their MB client to cheat the lender who they're doing business with.

The lenders are and were telling their own share of lies so cutting off the MBs doesn't cure that angle, but it put a crimp on the crimes some of the MBs were committing. The Leticia James saga being just one prominent example of MB conspiracy.

 

[George Hatch]

My best client is a mortgage broker. He still emails me a one page engagement form like it’s still 2005. It’s glorious. Checks always clear. Can’t beat it. I feel bad for the new generation that doesn’t know what this profession could be. They’re just stuck in purgatory that we were put in.

It would be cool if a tech bro charges $75 a report and an AMC pays $75 a report. Then you’ll be working for free.

That's great but it doesn't alter the demonstrated pattern of DISHONEST conduct that anyone could see who was reviewing appraisals coming in from the MBs. I was reviewing appraisals from the wholesale lines of one of the big box lenders and I was rejecting an average of $1M/week in overages from some of those appraisals. The $1M wasn't the total of the valuations, but rather the cumulative amount of overvaluation above/beyond MV.

You can ask anyone who was reviewing those appraisals from that time frame. It was common knowledge, acknowledged as such by the 10,000+ signatories to the Appraiser's Petition. 10,000 of your peers disagreed with your apparent trivialization of what was going on.

 

[cashcatz]

This is another trick of words the modernization salesmen push. I'm still trying to figure out how spending an extra hour on site vs an hour in the office saves time. Is it like daylight savings? Heck, I'd rather hit the road and spend the time at my office rather than inconveniencing the occupant. Yeah I know, AMC staff and national firm appraisers can upload the data to the cloud so a virtual assistant can complete the report and claim super fast turn times.

I agree, if data is filled on site it should be quick and not a burden to the appraiser nor inspection person. I think this is where (if properly implemented, something I always try to emphasize) AI-assist will help. Example: voice dictate specific details, quality etc, and AI parses your message and matches the correct field and pre-fills it. AI is good at this particular type of data extraction and classification task (ie unstructured -> structured data). If that does not make sense I can elaborate the technical details or show an example, I've done a few things like this in Appraisal Inbox ("Order Forward" feature) for data extraction and it's a huge time saver.

 

[J Grant]

There are a whole lot of people hoping to profit by offering a solution to solve a non-problem for appraisers ( filling in the data). There already exists a plethora of these programs-( Spark ec) or we can choose to maintain more control and do it ourselves.

The tech bros fail to get it. Data extraction/entry, promising to save X minutes per report, will not increase fees nor increase volume, both of which are the main problems facing appraisers. And it will do nothing to relieve the real burden, which is getting hard to find information, finding the right comps, and solving the inevitable weird issue that pops up- then later, addressing a stressful and time-consuming ROV or other post-report delivery challenge.