Free UAD 3.6 Examples

[NC Appraising]

No net and gross adjustment indicators easily showing which competitive sale is least comparable.....

What? You crazy. Wink

That was my dream come true...not having to waste my time making those stupid comp 1 exceeds the 15%...

We all know that appraisers were trained to stop just at that point before the adjustments made the 15 and 25.....UW machine would start to smoke.

Now if we can get rid of the 10%, one mile, six month, predominate......

Yeah, I purposely used less comparable sales to exceed the adjustment guidelines on purposes. I like messing with those UWs.

 

[Surf Cat]

What? You crazy. Wink

That was my dream come true...not having to waste my time making those stupid comp 1 exceeds the 15%...

We all know that appraisers were trained to stop just at that point before the adjustments made the 15 and 25.....UW machine would start to smoke.

Now if we can get rid of the 10%, one mile, six month, predominate......

Yeah, I purposely used less comparable sales to exceed the adjustment guidelines on purposes. I like messing with those UWs.

They did away with the exceeding 15% to 25% parameters and the 10% line item adjustment a long time ago.... expanding the parameters of time and distance is of utmost importance especially with the lack of sales. It's commonplace.

The net and gross adjustments do show which competitive sales are least like the subject however and are good indicators in the reconciliation process.

Now, there are outliers to this rule where say, you have a sale with high gross adjustments due to it being a dated sale and the time adjustment brought the gross adjustments up high. A quick sentence stating this and why you're putting weight on it is all it takes. I don't know, but I have a feeling the 3.6 is going to steam roll this....

 

[NC Appraising]

I hope you are right about the “10 years left”. I figure I have 5-7 years, tops, before I quit and chase butterflies until my dirt nap.

Back to the GSEs mining our appraisals, I think it will be a disaster for the GSEs and therefore, the mortgage industry. Mining raw data is one thing. Using raw data to build their automation software can be controlled. However, appraisals are mainly opinions based on that raw data. Mining opinions to run their automation is a recipe for disaster; “garbage in/garbage out” on a grand scale.

agentic AI crashing the market. We may have less time than I realized.