Has Anyone Completed A 3.6 Yet

[DWiley]

Per whispers not a single multi has been uploaded...

That can be added as Myth #3. I am not sure why people with no actual data on that sort of thing feel compelled to post their "whispers," but that is just the way things are these days.
SFR, MF, MH, Condo, Co-op - there have been 3.6 reports submitted for all of them.

 

[chad hampton]

Wait - are you saying that folks who didn't hold an appraisal credential were ok calling their services an 'appraisal' in NC, so long as their intended use was as an appraisal? Sorry man - not following?

No we have laws on the books about misrepresenting yourself as an appraiser. I would argue every agent that goes out to a property to perform the appraisal Inspection is doing just that. But again the issue is there’s no enforcement and no oversight.

What I was referring to is Banks have sent agents out to properties just for their own personal use, if the house is still there, etc. The inspection they performed was never going to be part of an appraisal. That’s what the agent in North Carolina said, they did whay the bank asked them to do because they were under the impression they might get a listing out of it. How they known it was going to be used to develop an appraisal. They would not have done it.

That’s probably not true, but it allowed them to keep their real estate license as far as I know. I doubt most of the agents that are doing these have any idea what they’re for.

 

[Non Sequitur]

That can be added as Myth #3. I am not sure why people with no actual data on that sort of thing feel compelled to post their "whispers," but that is just the way things are these days.
SFR, MF, MH, Condo, Co-op - there have been 3.6 reports submitted for all of them.

You believe AMC‘s, and I believe the whispers. What’s the difference?

So out of the hundreds of 3.6 reports, how many have been other than SFR? Don’t keep us hanging. I’m sure you can punch the keyboard and find out.

But you won’t.

 

[TerryRohrer]

Nature abhors a vacuum. So do people. Is it really a mystery why folks speculate in the current environment? After all, the GSEs don't ever offer "data", only their spin of it, and have been known to be dishonest and disingenuous when they do set out to manipulate public opinion.

 

[J Grant]

No we have laws on the books about misrepresenting yourself as an appraiser. I would argue every agent that goes out to a property to perform the appraisal Inspection is doing just that. But again the issue is there’s no enforcement and no oversight.

What I was referring to is Banks have sent agents out to properties just for their own personal use, if the house is still there, etc. The inspection they performed was never going to be part of an appraisal. That’s what the agent in North Carolina said, they did whay the bank asked them to do because they were under the impression they might get a listing out of it. How they known it was going to be used to develop an appraisal. They would not have done it.

That’s probably not true, but it allowed them to keep their real estate license as far as I know. I doubt most of the agents that are doing these have any idea what they’re for.

Imo, I would not want to accuse the PDR people, including agents, of misrepresenting themselves as an appraiser.

However, the public/homeowners/ can still believe the PDR person is an appraiser, since they show up for appraisal purposes and walk around taking photos and notes.

 

[J Grant]

AI Overview



A Property Data Report (PDR) data collector is a background-checked professional (such as an appraiser, agent, or vendor) who visits your home to document its condition and measurements. They do not appraise the home. This visit is officially part of a "Property Data Collection" (PDC). [1, 2, 3]

What They Say & What They Call It
When setting up the appointment, collectors or the companies scheduling on their behalf typically refer to it as an "inspection," "property visit," or "data capture." [1]
Their script usually sounds like this:

• The Greeting: "Hi, I am calling from [Company Name] to schedule a brief property inspection required by your lender."
• The Purpose: "Your lender has approved an appraisal waiver but needs a Property Data Report. We just need about 20 to 30 minutes to take photos of the interior and exterior and do a quick measurement of the layout." [1, 2, 3]

lol, they call it an inspection. No shade thrown on the PDR folks; it is not their fault. Based on the above, imo it would be easily misleading for the party to think an appraiser is coming out, or an inspection is being made.
Wonder why in the training class, they do not tell the PDR person to call it what it is, a "data collection" when they make the appointment ( sarcasm intended )'

 

[Non Sequitur]

Nature abhors a vacuum. So do people. Is it really a mystery why folks speculate in the current environment? After all, the GSEs don't ever offer "data", only their spin of it, and have been known to be dishonest and disingenuous when they do set out to manipulate public opinion.

Exactly. But back to his claim.

We all watched and listened (like the GSEs landed a man on the moon) when the first SFR 3.6 was uploaded. The software provider beat its chest as the “first”, the portal beat its chest as the “first”, and the appraiser involved was featured on just about every appraisal related podcast and newsletter, then paraded around like he was a hero. So addressing DWiley’s claim: I'll acknowledge one thing, I have no doubt they uploaded some test reports for multi’s, condos, etc. But given the ticker tape that fell from the sky for the first SFR 3.6 uploaded, is it reasonable to believe that the software provider, portal, and appraiser involved in completing/uploading the “first” multi-family, the “first” condo, the “first” co-op, the "first" manufactured, etc. wouldn't have screamed from the top of the mountain that they cured cancer? Give me a break. We all know the answer to that.

 

[DWiley]

Exactly. But back to his claim.

We all watched and listened (like the GSEs landed a man on the moon) when the first SFR 3.6 was uploaded. The software provider beat its chest as the “first”, the portal beat its chest as the “first”, and the appraiser involved was featured on just about every appraisal related podcast and newsletter, then paraded around like he was a hero. So addressing DWiley’s claim: I'll acknowledge one thing, I have no doubt they uploaded some test reports for multi’s, condos, etc. But given the ticker tape that fell from the sky for the first SFR 3.6 uploaded, is it reasonable to believe that the software provider, portal, and appraiser involved in completing/uploading the “first” multi-family, the “first” condo, the “first” co-op, etc. wouldn't have screamed from the top of the mountain that they cured cancer? Give me a break. We all know the answer to that.

To be clear, when I say such reports have been submitted, I am not referring to test files. I am referring to actual reports, on actual homes, for actual loans.
You are free to believe whatever you wish.

Unlike with the first one, there are now lots of lenders, appraisers and AMCs involved in uploading 3.6 reports. There is no way for them to know what others have done; so how would they know they had the first co-op, the first MF, etc.?

 

[alebrewer]

Yeah, appraisers are probably not the most conducive audience for the old 'believe us because we say it' mantra.

 

[Non Sequitur]

To be clear, when I say such reports have been submitted, I am not referring to test files. I am referring to actual reports, on actual homes, for actual loans.
You are free to believe whatever you wish.

Again: You believe AMC's and I believe boots on the ground.