I am not doing the 3.6 FORM deal

[Non Sequitur]

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.

I haven't tried it yet but I'm working on using Chat's Vision feature for walk throughs. IMO AI enable apps, software, etc. is more of a game changer than 3.6. Even if 3.6 wasn't on its way our industry is drastically changing and 3.6 will make the transition faster.

 

[Alsie35]

He should be fired.

If I am right, and this thing basically brings the entire mortgage industry to a screeching halt upon implementation, he just might be. I would not want to be one of these high-level do-nothing bureaucrats who has to answer a call from Bill Pulte when that happens.

 

[Alsie35]

I haven't tried it yet but I'm working on using Chat's Vision feature for walk throughs. IMO AI enable apps, software, etc. is more of a game changer than 3.6. Even if 3.6 wasn't on its way our industry is drastically changing and 3.6 will make the transition faster.

So ... you're outing yourself as a ... 'Tech Bro COLLABORATOR?!??'

How old are you if you don't mind me asking? (I suspect very few people of my generation can follow, much less implement what you talk about above. Maybe I'm wrong. Maybe you just got super-eyesight or you were an early 'techie' ...)

 

[chad hampton]

They ***** that appraisers have become form fillers, and then they create a massive TurboTax-like form.

 

[Non Sequitur]

So ... you're outing yourself as a ... 'Tech Bro COLLABORATOR?!??'

How old are you if you don't mind me asking? (I suspect very few people of my generation can follow, much less implement what you talk about above. Maybe I'm wrong. Maybe you just got super-eyesight or you were an early 'techie' ...)

To be honest, I’m having a very hard time absorbing all of this. I’m far from a tech bro, but have always tried to keep up. That’s the only reason I haven’t drowned yet. And I’m a realist, 3.6 or not our industry was long overdue for change. It sucks that appraisers aren’t leading the way, but that’s the world we live in. I’ll pm you with a little more info.

 

[nachocheesefries]

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 -

Maybe our age, but all serious purchases or research I do is done on a laptop or my desktop computer. I can't function with confidence on an ipad. I don't like them for actual work or research and am certainly not rebuilding my practice around an ipad. The inefficiencies, strain on my neck and eyes are a entirely separate topic for me.

The entire thing is disappointing because it is so obviously unnecessary to those of us that pride ourselves on just being correct with an appraised value. The rest of it is just noise. Let me look at the house and give me a sales grid. I will tell you what its worth.

 

[Alsie35]

Maybe our age, but all serious purchases or research I do is done on a laptop or my desktop computer. I can't function with confidence on an ipad. I don't like them for actual work or research and am certainly not rebuilding my practice around an ipad. The inefficiencies, strain on my neck and eyes are a entirely separate topic for me.

The entire thing is disappointing because it is so obviously unnecessary to those of us that pride ourselves on just being correct with an appraised value. The rest of it is just noise. Let me look at the house and give me a sales grid. I will tell you what its worth.

I nominate this for the 'Post of the Year Award'.

 

[Fernando]

Bynum Introduces Bipartisan Bill to Increase Access to Housing​

Washington, DC – Congresswoman Janelle Bynum (OR-05) and Congressman Byron Donalds (FL-19) introduced the bipartisan Appraisal Industry Improvement Act to help improve access to housing. The bill addresses the nationwide shortage of licensed home appraisers, which reduces obstacles to homeownership for our rural communities.

Across the country, and especially in rural housing markets, a shortage of trained appraisers and an aging workforce are slowing down the homebuying process and driving up costs. Two-thirds of appraisers are over the age of 51, and only 13% are younger than 35, making it difficult to maintain a stable workforce. With this bill, the over 1,300 appraisers in Oregon will now be able to more effectively and efficiently provide appraisals for home purchases.

“Lowering the cost of housing has been a top priority for me from day one,” said Rep. Bynum. “This bipartisan bill will make important progress toward making it easier, faster, and less expensive to buy a home, especially in rural areas, by addressing the appraiser shortage. I’ll keep working in Congress to make homeownership a reality for all Oregonians.”

https://bynum.house.gov/media/press-releases/bynum-introduces-bipartisan-bill-increase-access-housing

back to the shortage lies...

Must be backed by lenders. Lower cost of housing includes lower appraisal fees.

 

[Fernando]

I nominate this for the 'Post of the Year Award'.

Really... I don't understand what the post is about?

 

[Bobby Bucks]

I’ve had 2 “REO” weeks in a row and could not help but wonder how the gadgetry and form that isn’t a form will handle REOs, Since we’re entering an acronym nightmare stage with the new UAD Abomination (credit to Alsie for that term) I can envision REO reports being FUBAR when they enter the Fannie funnel. The bright side is it may present buying opportunities for those in the know. I first got into real estate buying foreclosures to fix, live in, move out and rent, now it seems like it might be a good time to return to that chapter. I would dearly love to see an 80 year old home with mold, a leaky roof, etc. and then see the magic Fannie report pumped out by a PDC and a slug with a designation 3 hours away signing the report. Let the seller beware.