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

 

[Joe Flacco]

Build us a cooperative 3.6 platform. It would be quite the legacy. Everybody would be on board. Not only would it be possible to have all GSE appraisals created on it, it might even be possible to have all GSE appraisal ordering come through it.

 

[Joe Flacco]

But leave out the MARS stuff

 

[Digger88]

But leave out the MARS stuff

get with the times bro lol it/any legit support wins in court and gse's love it

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.

i've gone down this rabbit hole the app is the easy part clearing the UCDP submission protocols and making an appraiser functioning app is the hard part that takes time and money. total is STILL not ready to go should be an alarm bell


6 months after 3.6 is in use everyone will be good old dudes like UC and Mike will be fine too

 

[RCA]

But leave out the MARS stuff

My UAD 3.6 module would accept a common input format that could be output by a regression module on the front end. And there could be several such regression modules. MARS or earthUI would be one possibility, or possibly glmnetUI - and of course these regression apps would take an MLS spreadsheet. So, you would work in earthUI, glmnetUI, or another software module to develop your adjustment model. The UAD 3.6 app would pull in the output from one of these modules, adjustments and all. But, of course, the appraiser takes full responsibility for the model or any subsequent manual adjustments.

There will be NO Spark interface. I don't approve of Spark. Of course maybe Spark will change over time, so I may change my mind if that is the case.

RCA will be required to ensure mathematical consistency; that is to say, all adjusted sale prices will be equal. But believe me, you should be using earthUI, as it gives you that high R2 better than any other method; maybe also combined with glmnetUI or mgcvUI. - Apparently, you just haven't figured out how to use it yet. I need to create a video that shows how to use it, step by step, with real appraisal data on a town like Burlingame, CA, or Woodlands, CA. (Of course I have to alter the data so it is detached from parcel IDs, while retaining the principle patterns of the market area).

But I don't think I could make that a requirement, because there are appraisal orders where it wouldn't make sense. The appraiser must be free to choose whatever is best for his SOW and the assignment's conditions. So, yes, it can't be made a requirement.

On the other hand, I won't be charging $1,000/year for a license - at least not unless I am providing some services that I have to pay for myself, such as Anthropic Claude. I would be happy with much less. Aivre charges, at a discount, $1,000/yr, $2,000/yr, or $3,000/yr depending on options. I imagine most others are in a similar ballpark.

I am also dependent on Freddie Mac and Fannie Mae to make agreements, and they are kind of mucky to deal with according to Claude, so I really don't think I will have a beta until later this year, perhaps early next year. And Claude tells me that I should focus on non-GSE work, although, actually, I am quite a ways along with my ValEngr app written in R, Python, C/C++, Prolog, Quarto and Angular - all sitting in Docker containers, tested on MacOS, Linux, and Windows 11. Claude then turns around and tells me that actually much of the work is already done with ValEngr - and a UAD 3.6 is indeed doable by November 2, but I actually don't need to get it done by then. And so, as I have said before, I would actually prefer to come out with a UAD 3.6 product AFTER everyone else, because I am going to price it much lower, and I am sure I will get enough customers, even if I am late to the game.

I am going to need Beta Testers, especially since I let my appraiser license lapse. My rich wife could fund the appraisal courses and license renewal. But she refuses. I myself can't afford to renew my license. AND, actually, maybe that is for the better. I already have too many things to do to mess around with this appraiser's license every two years. My Real Estate Broker's License only needs to be renewed every 4 years and costs 1/6 as much. - And that is all I need for data access. But it seems a shame to give it up; it was so hard to get CGREA. But I am getting old, - and have enough work to do as it is. So be it.

 

[RCA]

Actually, if I am serving the UAD 3.6 app from a server, it will likely be running on Linux. But I can make it a downloadable app, where it runs in your own browser - and then you may want to run it on Windows 11 or macOS. But then I have to make a downloadable app, an annual license, which will require more upfront cost. I may put that off for a year or so.

 

[Fernando]

You don't need MARS or regression models to do Fannie appraisals. Overkill. Just like ANSI.
Appraising for Fannie is like a game with parameters and more rules set up. Forms change and the newest one - UAD 3.6 - will change how we "play" the game.
UAD 3.6 is terrible and takes longer to complete a 1004.
Real appraisers still able to appraise (understanding the nuances in their mind to adjust to these barriers) but following (forcing them to do) Fannie's way.

 

[RCA]

rem

 

[Digger88]

I am going to need Beta Testers,

I accept lol