• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

ACI is changing narrative in report

Status
Not open for further replies.
Joined
Nov 2, 2006
Professional Status
Certified Residential Appraiser
State
Pennsylvania
I send in my AMC work by means of some client's web software that allows me (and prefers me) to send reports in ACI format. I recently received a report rejection that requested and additional photo and stated I did not estimate a lot value, as requested.
I was surprised as I remembered putting in the lot value (I put it in the narrative of the final reconciliation, providing the means of estimation followed by "I estimated the lot value to be". Well, the statement was in there, but ended at the word "be", according to their copy.
I added the photo and checked my ACI file that showed the lot value to be just where I put it. Half an hour later, I got a second rejection notice. At this point, I though that they were insisting I put the lot value in the cost approach section, which I won't do as it then carries into the report as the total cost approach, so I called the reviewer. She stated that the report came over with the photo added, but that the narrative for final reconciliation ended with the word "be".
So this time, when I sent it in once again, I stopped on the report check page that every submission goes through. I went to look at the addendum page and, sure enough, the software had truncated my report.
I recall another similar incident where the last part of a sentence was taken out by the software when there was a page change.
In both incidents, it was only because there were specific figures of statements that the reviewer was searching for that a problem was noticed. I have to wonder how many times my narrative has gone in as something different from what I signed off to.
ACI said they could not help me as the AMC did not provide a website to try to test the report. The AMC put it all on ACI.
All I know is that, by making the report into a PDF myself I can avoid the problem. So I guess they get PDF's only from now on.
 
I put it in the narrative of the final reconciliation, providing the means of estimation followed by "I estimated the lot value to be".

Suggest putting it in the Site Comments section.
 
Just now looking at this post. There is a character limit for UAD in the addenda. 4000 characters. You go beyond that, it truncates. Latest update from ACI is now alerting for that. Suggestion. If you have boilerplate (search criteria, photo comments, PUD comments, etc, there are multiple Sales Comment and other Comment sections that you can put these in to reduce comment space in each section.

Again , this is a UAD issue, apparently for the upload to the GSEs.
 
I send in my AMC work by means of some client's web software that allows me (and prefers me) to send reports in ACI format. I recently received a report rejection that requested and additional photo and stated I did not estimate a lot value, as requested.
I was surprised as I remembered putting in the lot value (I put it in the narrative of the final reconciliation, providing the means of estimation followed by "I estimated the lot value to be". Well, the statement was in there, but ended at the word "be", according to their copy.
I added the photo and checked my ACI file that showed the lot value to be just where I put it. Half an hour later, I got a second rejection notice. At this point, I though that they were insisting I put the lot value in the cost approach section, which I won't do as it then carries into the report as the total cost approach, so I called the reviewer. She stated that the report came over with the photo added, but that the narrative for final reconciliation ended with the word "be".
So this time, when I sent it in once again, I stopped on the report check page that every submission goes through. I went to look at the addendum page and, sure enough, the software had truncated my report.
I recall another similar incident where the last part of a sentence was taken out by the software when there was a page change.
In both incidents, it was only because there were specific figures of statements that the reviewer was searching for that a problem was noticed. I have to wonder how many times my narrative has gone in as something different from what I signed off to.
ACI said they could not help me as the AMC did not provide a website to try to test the report. The AMC put it all on ACI.
All I know is that, by making the report into a PDF myself I can avoid the problem. So I guess they get PDF's only from now on.

You can successfully put the opinion of site value in "The Opinion of Site Value" section of the Cost Approach, all you have to do is be sure and take out the GLA and other information in the cost approach and be sure there is a "0" in all of the blanks, including the "Indicated Value by Cost Approach".
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top