ACI just down or out of business

[Terrel L. Shields]

That's not even considered "part-time" hours. At that rate my insurance, CE and license costs are barely covered, so what is the point?

Well, everyone has to wait it out. And I'd be buying $295 HomePuter if I were only getting 1 order per month. Cut costs. Get a second revenue stream and survive. That's what a lot of people did in 2008. It won't stay this way forever. Either REOs start coming up or mortgage rates go down. Everyone with a recent mortgage will refi if rates fall 2%, maybe even 1.5%.

 

[JAMES MCDONALD]

Classvaluation.com is claiming that they are currently converting the appraisers pdf files to xml.

For our part at Class, here are the things we are doing to help our lenders and appraisers through this situation:

• We are able to convert appraisal PDFs generated by our appraisers using their ACI Software into compatible XML files that will work for submissions to UCDP etc. using our proprietary technology platforms.

how are they able to do this? can anyone share the converter?

 

[Dublin ohio]

or mortgage rates go down.

Being an election year and considering Biden's low poll numbers. I think the odds of lower rates are pretty high

 

[Terrel L. Shields]

Being an election year and considering Biden's low poll numbers. I think the odds of lower rates are pretty high

Fed has a choice. Help Biden get re-elected and let inflation re-ignite or try to keep a level keel hoping the economy rights itself. With unaffordability at its absolute highest, there is substantial political pressure to go with the administration.

 

[djd09]

Leaders in Lending: Appraisal Modernization Roundtable with Fannie Mae​

Overall, Appraisal Modernization is good for the industry and borrowers because it improves the accuracy, speed, transparency, and cost-effectiveness of the appraisal process, while also improving risk management for lenders.

By attending this webinar you will learn more about the following:

• Is Fannie Getting Rid of Traditional Appraisals?
• Is Appraisal Modernization reducing or increasing the need for Appraisers?
• Does the term “Waiver” imply that GSE’s aren’t actually doing anything?
• How does Fannie’s adjustment of the Traditional Appraiser Waiver logic affect offerings and volume?
• How have Lender Obligations changed as part of the new Fannie release?

About Our Panelist​

Justin Alexander
Director of Collateral Strategy & Innovation, Fannie Mae​

Manages the team that focuses on modernizing the home valuation process. Responsible for testing new technologies and ways to enhance collateral risk management, Justin’s team assesses ways to leverage tools such as geographic information system (GIS) data and image recognition. Justin began his industry career with over 17 years of appraisal experience and spent the last 7 years focusing on data analysis, risk strategy, and appraisal modernization, Before Fannie Mae, Justin worked at First American Financial Corporation, building and enhancing products. Before that, he worked at CoreLogic, leveraging his industry experience as a fraud and risk strategist and industry solutions advisor.

John Dingeman
Chief Appraiser, Class Valuation​

As Chief Appraiser, John is responsible for quality control and compliance which includes the appraisal escalations. vendor quality control, client escalations, and mandatory reporting. He is a Certified Residential Appraiser in 11 states, a Registered Property Tax Agent in Arizona, and a Qualifying and Continuing Education Instructor for multiple course providers. Dingeman is the Past President of the National Association of Appraisers and the Coalition of Arizona Appraisers. He has also served on several boards, including the Arizona Board of Manufactured Housing, Phoenix Village Planning Committee, Homeowners Association and a charitable organization supporting foster children in Arizona called Arizona Helping Hands.

 

[djd09]

order out of chaos...

 

[The Bob]

FAF is within .30 of making a new 52w high today. I can only assume the hack isn't that bad. Normally a stock would crater on this news.

 

[Dublin ohio]

FAF is within .30 of making a new 52w high today. I can only assume the hack isn't that bad. Normally a stock would crater on this news.

If it were a data breach. Stock would probably take a hit. This appears to be ransomware. They are after money not data.

 

[ExplainDNA]

Whatever it is, I am very surprised the stock hasn’t taken a huge dump.

And as I and other here have said, the big "sin" here is the lack of any effort to communicate. (And I'm not buying the FBI putting a "lid" on them in terms of saying anything to us, either.) A lot of us have to make a very serious decision soon/today, but we might not need to if they gave us any idea what was going on. On the other hand, it would make that decision very easy, as well. But this not knowing sh*t is unforgivable, and few, if anyone, will forget it.

 

[Trihard]

ACI still not working as of this afternoon. I'm losing money left and right.

I think it finally time to buy new software. What did you guys switch to?