3.6 and ACI

[jpowers]

The appraisal form itself is fine - a little over the top - but we can work with that. The software companies should have had a goal of making the form as user-friendly as possible. I want features that will let me spend AS LITTLE TIME AS POSSIBLE PRODUCING THE REPORT. The software companies (some) appear to be more concerned about being in the cloud or having search integration that will produce adjustments for me. Those are the least of the features I want. Despite what they say, the lack of appraiser input for some of these companies is apparent.

SFREP is from an appraiser - and looks like it. Don't use i,t but have the demo - will take a detailed look at it.

If I have to manually type in entries that i didnt have to in 2.6; if I can't import sections or comps from 2.6 into 3.6 (all Gpar's will still be 2.6); if i cannot simply enter an "=" instead of typing the same entry 6 times; if I cannot customize to save time; if i cannot start an assignment with a form that has prefilled generic entries; if i can't import a comp from another 3.6 report (didnt see any method for that) --- THEN IT IS A FAILURE. Some of these companies should have consulted with those appraisers who were or who have high volume companies. We know every shortcut and time-saving method of the software we use. P.S. high volume does not mean low-quality appraisals - don't bother going there.

That's the right list. Every one of those is a time problem, not a form problem — and that's exactly where the
software should be focused. The appraisers running volume are the ones who know where every wasted click is, and
they're the ones who should've been in the room when this stuff was being designed.

 

[Essexfenwick]

The carry-over issue Fnbpos raised is a bigger deal than it sounds. The 2.6-to-3.6 crosswalk is genuinely hard to
build — the field structures are completely different, the dropdown options and predefined answers all changed, and a
lot of what used to be free-text is now structured data with specific formatting requirements. If your software vendor
didn't build for 3.6 from the ground up, they're trying to bolt a new spec onto an old architecture, and that's where
the bugs and missing features come from.

@Essexfenwick — I hear the frustration, but I'd push back a little on "extinction is the goal." The 3.6 form actually
requires more professional judgment, not less. The new environmental sections, energy/green fields, disaster
mitigation reporting — that's not data entry work, that's appraiser expertise. The problem isn't that 3.6 makes
appraisers obsolete. It's that the software hasn't caught up to what the form actually demands.

chad hampton's point about needing one platform for both formats is spot on too. Nobody can afford to run two separate
systems during the transition. That should be a basic requirement for any vendor at this point.

For what it's worth — my partner (28-year residential appraiser) and I have been grinding through the full MISMO 3.6
spec for months now. The crosswalk problem is solvable. Backward compatibility with 2.6 is solvable. Importing your
existing 2.6 reports and having that data carry forward into 3.6 — also solvable. The part that takes real time is
getting an actual working appraiser to sit down and test every section against real reports, not demos. That's been
the biggest investment for us.

Data collection needed

No appraisal services.

I mean seriously if AI can't do an appraisal on a macro level with decent macro data then why the trillions in investment, swallowing farms and swamping the energy and water grid? Appraisal is probably the easiest AI function. Will some values be way off? Probably , But that happens anyway and on a macro level the system will be more accurate than it is with human appraisers .

Listing agents will be paid for the surgically selected minimal data samples for quicker input. It may take a year for AI to figure out what the minimal number of data collection points are . Data collection assignments will not be very many.

 

[Tom D]

Since there are no yes/no check boxes on the legacy, then transferring 2.6 data to the new 3.6 form can't happen. Total is building on 2.6, thinking you may need to use either. Nobody is sure how FHA, or VA, will go. My crystall ball say, 'not this year, baby'.

 

[Terrel L. Shields]

SFREP is free the first 6 months.

Never had an issue with it nor with the old Wilson nor even Clickforms and you can look in the tech section and see the majority of posts are about either ACI or AlaMode.

 

[Alsie35]

Never had an issue with it nor with the old Wilson nor even Clickforms and you can look in the tech section and see the majority of posts are about either ACI or AlaMode.

In other words - sounds like the two oldest, largest, most popular, providers of appraisal software- are about to go down in flames.

 

[OSU Beavers]

Mark my words, most "optional" fields in 3.6 will become mandatory assignment conditions from AMCs and major banks.

 

[Terrel L. Shields]

re about to go down in flames.

not really, but even considering market share, the problems with ACI (or what I tested as the Appraisers Choice) and Alamode seem to be more frequent than other vendors.

 

[Alsie35]

not really, but even considering market share, the problems with ACI (or what I tested as the Appraisers Choice) and Alamode seem to be more frequent than other vendors.

You think ACI (and I imagine, Alamode) can survive losing 50%+ of their subscribers overnight when "The 3.6 Abomination" hits, plus however many more leave to try newer software? I can't speak for Alamode, but I can guarantee you that ACI will be running in the RED after this shiitestorm conjured up by the GSE bureaucrats committee hits ... how long will 1st Am keep them afloat after that?

 

[chad hampton]

Just let the loan officer pick a value. Oh wait, they already do that.

 

[tlark]

Only came here to get the latest update on 3.6, good to see the discussion.

How much will you increase your fees to deal with this new more time consuming form ??????

Been at this since 1984 and I have no crystal ball. One thing is certain, this will not happen when scheduled and the blowback from lenders will be off the hook when there reps are in the room with FNMA/Fredde. They have created a huge cluster and this will throw a major curve ball at the entire lending process from all parties. We work with numerous non-secondary market lenders and they could care less about this 3.6 nonsense and reports WILL NOT be done on this new form, its credible results at the end of the day and when this punch bowl gets pissed in enough times it will get tossed until its steamlined with more user friendly software and that will not be soon. I have no prob leaving ACI if they cannot adapt.............