3.6 and ACI

[alebrewer]

What will be the consequences of an unfettered computer that can repair itself, create itself over and over? Will it be HAL and try to kill anyone trying to set limits to it? When will it simply replace humanity entirely. Why is that impossible? Well, it isn't impossible. In fact, it is almost a given.

Who knows. Who could have predicted how quickly AI would become so integrated into our fabric? I suppose one outcome could be the doomsday prediction you outlined. Another feasible outcome is that it drains our energy sources. I mean, at some point the 2nd law of thermodynamics has to kick in, doesn't it?

 

[Terrel L. Shields]

no match for the redundancy that technology can amass.

When CDS (credit default swaps) were cross-supporting MBS (Mortgage-backed securities), what happened when one went down? Both did. And 2008 happened. I've seen a bank failure collapse not one, but 2 banks. One bank parked the "Old Man's" money in the other. So, technically the smaller bank's assets allowing it to lend large sums was wiped out to the sum of 70 million when the OCC took over the larger bank and triggered an early collapse of both. The state's most well-capitalized small bank suddenly with under-capitalized in one fell swoop and as a result was forced by the FDIC to call in numerous loans that were underwater.

Call it hyperbole but it is also reality. Do you think Bear Sterns and Leaman Bro. saw it coming and did nothing?

 

[Bobby Bucks]

When CDS (credit default swaps) were cross-supporting MBS (Mortgage-backed securities), what happened when one went down? Both did. And 2008 happened. I've seen a bank failure collapse not one, but 2 banks. One bank parked the "Old Man's" money in the other. So, technically the smaller bank's assets allowing it to lend large sums was wiped out to the sum of 70 million when the OCC took over the larger bank and triggered an early collapse of both. The state's most well-capitalized small bank suddenly with under-capitalized in one fell swoop and as a result was forced by the FDIC to call in numerous loans that were underwater.

Call it hyperbole but it is also reality. Do you think Bear Sterns and Leaman Bro. saw it coming and did nothing?

Michael Burry saw it coming and made around $100 million. Of course he was never forgiven by the seedy Wall Street insiders. He's still considered a pariah by them. To profit by shorting Bear Stearns and Lehman Brothers was unforgiveable.

 

[jpowers]

Are y'all building a new 3.6 solution for general consumption or some sort of internal thing?

General consumption — Greg's been driving that from the start. He's been doing this for 28 years and the whole idea
was to build it the way an appraiser actually works, not the way a forms company thinks appraisers work.

What does Appraisal Inbox handle — order management side?

 

[cashcatz]

General consumption — Greg's been driving that from the start. He's been doing this for 28 years and the whole idea
was to build it the way an appraiser actually works, not the way a forms company thinks appraisers work.

What does Appraisal Inbox handle — order management side?

Yep, order/workflow/calendar/office management. We export to UAD 3.6 now (MISMO .xml). So far SFREP is the only one that I know of that can import that format.

 

[Sadie]

I am going to try them all; but ACI gets first crack. When you have 10+ appraisers on staff, renewing with ACI would be the best business decision for me. At this point i can only conclude that they are way behind. How in the world can you create new software with no carry-over to other fields, no shortcuts, no templates. It makes absolutely no sense at all. No ability to customize anything, even down to the colors on the screen (hint, there is no color - all white all running together with a light gray/black font - hard to read - can't change it.) I just stared with SFREP - classic form filling - very similar to legacy ACI from early testing. This Bud-Light is brought to you by ACI - we can ruin it all, too.

I just worked my way through a report I had already completed in 2.6. It really is not ready at all. My biggest concern is that the 'sales grid' is page after page of nonsense date entry and blank fields and you have no way of knowing what your adjusted value is. Its like the people creating the software have no idea how appraisals work. And I don't think its limited to ACI.

 

[Essexfenwick]

I just worked my way through a report I had already completed in 2.6. It really is not ready at all. My biggest concern is that the 'sales grid' is page after page of nonsense date entry and blank fields and you have no way of knowing what your adjusted value is. Its like the people creating the software have no idea how appraisals work. And I don't think its limited to ACI.

Maybe appraisers don't know how 3.6 works.

It's a data collection system. AI can do the appraisal.

 

[Sadie]

Maybe appraisers don't know how 3.6 works.

It's a data collection system. AI can do the appraisal.

Missing the point- You don't see your adjusted sales prices of the comparables as you are working through the form. At this point it is still appraising.

 

[cashcatz]

It's a data collection system. AI can do the appraisal.

I disagree. As for data collection, we'll see - I'm suspect. But data standardization is progress.

 

[Tom D]

Good job Saddie, one of the few to drudge thru the whole report. I couldn't take it after a few pages. And i agree with you. But i will try it when it happens to determine my new fee, as a part timer. Most of my lenders have no idea what is coming, and if it will actually work on their side.

Whatever, it is not being done for appraiser benefit, period. They have a future plane without yous. Well, except for the properties that can't fit into their round mold, then they will need some of yous. Or just a few AMC plantations to do it.