Airstream
Senior Member
- Joined
- Mar 27, 2022
- Professional Status
- Certified Residential Appraiser
- State
- Wisconsin
I used Total for my first 3.6. It was doable. A friend of mine has done 5 with Total. Doable. Just not as efficient as it could be due to software issues, and there are many things that need to be addressed with the software. I talked to a person that orders appraisals for a bank I work for (direct lender). I asked where they are at on 3.6. She really wasn't sure. Imagine that. She also said they got an email from Fannie and asked if appraisers are ready. She wondered if I got it. I hadn't seen it. This bank has no idea what is involved with 3.6. They haven't ordered one yet. Here we are. Middle of September. They are way behind. The fact Fannie is reaching out tells me they are getting wind that this thing is not going well. Software companies aren't ready, and that means appraisers aren't ready. If I had software that operated efficiently I would have no problem proceeding. But appraisers really don't want to jump software if they have been using the same for decades. That becomes ANOTHER learning process. The fact Fannie is reaching out to banks, and many banks haven't ordered any at all. If I was a betting person....this is going to be delayed.