A Closer Look At the UAD 3.6

[RCA]

I am seriously looking at starting the UAD 3.6 application (second priority right now). I am still working on an advanced EarthUI version 2 program. ...

But look, the old Fannie Mae 1004 form Sales Grid only had about 2 dozen rows. The UAD 3.6 Sales Grid has max 132 variable rows all by itself. EarthUI is capable of adding dozens of additional rows to this value (e.g., interactions). Now, of course, many of the 132 potential rows are not needed for a specific appraisal. It just depends on how deep you go into the analysis. However, Claude confirms it is going to be a LOT more work. If you want to do it, especially if you want to add MARS (earthUI) regression, you are talking $1,500-$2,500+ for a fee. That leaves NO room for AMCs. For Court work $5,000 - Commercial Appraisal level reporting.

And in any case, I am left wondering - a lot of this data, e.g. heating, cooling, utilities, - is not going to come through the MLS for all comps. You are most likely going to have to work with missing data. I don't think most appraisers know how to deal with missing data in regression. Hmmmmm.

 

[RCA]

Out with the old, in with the new—
but whence has all this grown?
One hundred thirty-two now stand
where two dozen stood alone.

The fields divide and multiply,
the rules go out of sight;
where plain and honest labor lived,
the simple work takes flight.

A form that few can hope to master,
a weight that few can bear;
the veterans grow weary now,
and murmur their despair.

And one by one they set it down,
they rise and leave the fold;
they slip away in quiet, or
just vanish, we are told.

The ranks grow thin. The lenders come,
in lengthening lines they wait,
still searching for the willing hands
still able to bear the weight.

But what walks out the door for good
when seasoned hands are gone?
Who signs his name beneath the work
when the last of them moves on?

Bert Craytor & Fable 5