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My issue has never been with using AI itself. My issue is the over reliance on AI, especially with no human checks which seems to be what Fannie is doing.
Hate to admit this, as I only want appraisers to do better and not to be replaced....
I can't argue that.
I don't care as it is just helping them replace us. All I care about is that apples are compared to apples. Whether the appraiser calls the subject Q3 or Q4 I don't care as long as they call it the same for the comps based on their quality.
On the one hand that's fine for a single appraisal report where you're only looking for the value of your subject. But that's only one use that the GSEs have for requiring you to rate your subject and comps on their scale. They're also using the rating in their database and to run their AVM.
They simply don't know what they're doing. The scary thing is that they are the largest unregulated appraisal firm in the world.
There regulated just not by the regulators you approve of. But who do you want regulating them ? Can't be a State Board and their not under USPAP. So tell us !