Has Anyone Completed A 3.6 Yet

[Non Sequitur]

There are many market factors at play that may push some appraisers out, but I don't think UAD 3.6 is high on that list. It is just a new way to report. It changes nothing about the STD 1 part of an assignment.

This is what happens when you operate in an echo chamber, "...I don't think UAD 3.6 is high on that list."

I would love to hear Lyle and/or Scott open with that quote in the next 3.6 seminar, and then watch the reaction from the peanut gallery.

 

[DWiley]

This is what happens when you operate in an echo chamber, "...I don't think UAD 3.6 is high on that list."

I would love to hear Lyle and/or Scott open with that quote in the next 3.6 seminar, and then watch the reaction from the peanut gallery.

I am not sure why you have so little faith in appraisers' ability to adapt, especially given how they have adapted in the past, but to each his own.

The primary issue right now is loan volume, not UAD. Few envisioned the long term effects of the low interest rates of the COVID era.

 

[alebrewer]

I am not sure why you have so little faith in appraisers' ability to adapt, especially given how they have adapted in the past, but to each his own.

Ability to adapt and choice to adapt are two completely separate entities my friend. Not quite mutually exclusive, as there is probably some correlation between ability and (at least) desire, but nonetheless...

 

[Non Sequitur]

I am not sure why you have so little faith in appraisers' ability to adapt, especially given how they have adapted in the past, but to each his own.

Adapt to what? Software that doesn't work? And I have stated many times: Give appraisers software that's street ready so we can learn.

But I'm sure that's not being discussed in the GSE echo chamber. Listen closely ladies and gents....."appraisers are refusing to learn new software. It's always the appraiser's fault...fault....fault....fault."

 

[CGinMN]

Recursive AI + Computer Vision = better AVMs = fewer appraisers
Agentic AI + 90% Desktop/Hybrid Eligibility = less time per report = fewer appraisers

I have a feeling this will put many more appraisers into retirement than UAD 3.6 does

 

[alebrewer]

It's interesting that it's all converging at the exact same point in time. I know a LOT of appraisers who've chosen not to adapt to the 3.6. These are, however, folks that are near, at, or past retirement age (in general). Then there is the influence of increasing dependence on automated valuations by the users of valuation services, which (to CG's point) will serve to further reduce volume.

So the question is: are folks choosing to retire because it's retirement time, because they just don't want the hassle of transforming themselves once again, or because of reduction in volume?

A bit like the Covid statistics, it seems to me. If you had Covid and died, what did you die from?

 

[Non Sequitur]

Recursive AI + Computer Vision = better AVMs = fewer appraisers
Agentic AI + 90% Desktop/Hybrid Eligibility = less time per report = fewer appraisers

I have a feeling this will put many more appraisers into retirement than UAD 3.6 does

Hard to argue that, a.i. will take out what's left after the 3.6 culling.

 

[Non Sequitur]

It's interesting that it's all converging at the exact same point in time. I know a LOT of appraisers who've chosen not to adapt to the 3.6. These are, however, folks that are near, at, or past retirement age (in general). Then there is the influence of increasing dependence on automated valuations by the users of valuation services, which (to CG's point) will serve to further reduce volume.

So the question is: are folks choosing to retire because it's retirement time, because they just don't want the hassle of transforming themselves once again, or because of reduction in volume?

A bit like the Covid statistics, it seems to me. If you had Covid and died, what did you die from?

It's almost a perfect storm isn't it? And I think Alsie in post 340 sums it up pretty well, a lack of empathy is the straw breaking the back of many appraisers.

 

[CGinMN]

It's interesting that it's all converging at the exact same point in time.

I think about this all the time, all of history and technology is converging to a point in time in the not-too-distant future. The singularity is near.

I don't really expect empathy in business. Its capitalism. They fire people over zoom now.

 

[Non Sequitur]

I don't really expect empathy in business. Its capitalism. They fire people over zoom now.

From the GSEs, AMCs, insta-tute MAIs, reviewers....no I don't expect it either, although it would make them look human. But I do expect empathy from anyone who claims to be one of us.