Why the New UAD is DOA

[djd09]

just like any good conspiracy...follow the money

 

[NC Appraising]

The 3 6 wasn't and isn't designed to help appraisers it's a advanced data collection depository that will eventually have most properties information from the height of doors to how old the toilets are. This embedded with newer advanced Artificial intelligence and advanced analytical technologies will in 5 years make only physical inspectors required to update the physical characteristics not determine values.

Those inspectors can get a certificate course to qualify and my guess is fees of $150 to $200 and this can also be a side gig for Realtors. 5 years is the target date so the timings perfect as most apprasers are 55 plus in age.

Almost Mirrors what this guy said.

Curious, where are you getting your theories from?

 

[Tawfik Ahdab]

Glenn wrote:

“There's no conspiracy and no good or bad guys it's just change.”

It’s not just change for its own sake, and it’s not just change in the name of the appraisal “modernization”. The 3.6 change is about subsuming appraisal practice under data-stripping algorithmically-determined risk management. That’s why the contribution of appraisers is being marginalized by claims that appraiser experience is irrelevant and appraiser judgment is biased.

 

[glenn walker]

Almost Mirrors what this guy said.

Curious, where are you getting your theories from?

No theories or conspiracys just follow the technology and where the GSEs and Money Center Banks are headed. Fannie and Freddie will be relisted with new stock later next year. The Wall Street MBS hedge funds will be purchasing more mortgages in the future and nobody want's clunky old style appraisals but lighting fast value ranges like CAR FAX did in the used Automobile Business.

Finance Manager determine value or price and loan amount and CAR FAX is the buyers disclosure on past accidents etc. The future is to value and fund the mortgages as fast as a guy can now purchase a $100,000 car and be driving it in a matter of hours.

 

[NC Appraising]

No theories or conspiracys just follow the technology and where the GSEs and Money Center Banks are headed. Fannie and Freddie will be relisted with new stock later next year. The Wall Street MBS hedge funds will be purchasing more mortgages in the future and nobody want's clunky old style appraisals but lighting fast value ranges like CAR FAX did in the used Automobile Business.

Finance Manager determine value or price and loan amount and CAR FAX is the buyers disclosure on past accidents etc. The future is to value and fund the mortgages as fast as a guy can now purchase a $100,000 car and be driving it in a matter of hours.

Not saying that you are wrong. But it is still a theory unless you have it in writing or heard it directly from the gses.

 

[Surf Cat]

Below is the pricing matrix for Freedom. I remember seeing a comparison analysis for pricing amongst the offerings, and as I recall, they're all gonna be somewhere in this range.

View attachment 105361

Automatic Market analysis, trend analysis, graphs, adjustments including regression......from who?

 

[Non Sequitur]

Automatic Market analysis, trend analysis, graphs, adjustments including regression......from who?

The software. Another thing that has been glossed over, we are moving away from an appraiser guided process to a software guided process. Just look at what’s being baked into all of the software options if you don’t agree.

 

[alebrewer]

Automatic Market analysis, trend analysis, graphs, adjustments including regression......from who?

I just posted the pricing matrix brother. You'd have to call Andy Arledge to get answers to those kind of questions.

 

[Surf Cat]

The software. Another thing that has been glossed over, we are moving away from an appraiser guided process to a software guided process. Just look what’s being baked into all of the software options if you don’t agree.

I just posted the pricing matrix brother. You'd have to call Andy Arledge to get answers to those kind of questions.

I use Spark and "I" have control of the data downloaded (and scrubbed) from my MLS regarding the market area boundaries, year of construction, style of dwelling, GLA spread, etc. etc.

If Spark is unable to be utilized with 3.6, where are their aforementioned features garnered from? That's what I was wondering.

 

[Non Sequitur]

I just posted the pricing matrix brother. You'd have to call Andy Arledge to get answers to those kind of questions.

IIRC he first demoed the software at Appraiser Fest in 2018, so don't get too excited. By all accounts he's a standup guy, he just doesn't have the $$$$ to get this to the market.