Alamode/corelogic/smartexchange - You Have A Right To Be Paranoid

[TRESinc]

Call 1800alamode

Ask them.

BTW.. you do have a horse in this race. They are taking your data (assuming you have used appraisalport) and selling it to alamode users against your knowledge and permission.

There is also a video of Joel Baker stating that the data is coming from both 'peers' as well as FNC. He does not specifically mention mercury or appraisalscope, but he does specifically mention FNC which is appraisalport.

I'll see if I can dig up the video.

i don't want to call them and talk to a sales rep, i want to know where you obtained your knowledge that they data mine from appraisers who have not opted into their system so i can read it myself.

never used appriasalport or mercury or vault any other platform so again, no, i do not have a horse in this race.

 

[Rlong]

Without "getting into the weeds" debating "which" data they are taking, and when. I still don't see how smart exchange would really help me (or anyone with MLS access). I already have all the MLS available sales; and if the "exchange" sale isn't in the MLS how am I going to claim I confirmed it was a market sale. Obviously AVM's don't have any such requirement to confirm it is a "market sale" so I get why they WANT my data, but they aren't offering any real value in return.

And although some may sound paranoid, it seems prudent to take any and all measures to protect our data, reports and analysis. As was pointed out, FNMA is already "stealing" my data, why let everyone else chip away at us until we are all "assimilated" by AI.

 

[Ahhhh Yeahhhh]

Without "getting into the weeds" debating "which" data they are taking, and when. I still don't see how smart exchange would really help me (or anyone with MLS access). I already have all the MLS available sales; and if the "exchange" sale isn't in the MLS how am I going to claim I confirmed it was a market sale. Obviously AVM's don't have any such requirement to confirm it is a "market sale" so I get why they WANT my data, but they aren't offering any real value in return.

And although some may sound paranoid, it seems prudent to take any and all measures to protect our data, reports and analysis. As was pointed out, FNMA is already "stealing" my data, why let everyone else chip away at us until we are all "assimilated" by AI.

Besides the obvious reasons why they WANT your data... put yourself in skippy's shoes. The only thing that keeps skippy at bay is lack of access to MLS data. So, if skippy from a hundred miles away just goes to your local assessor's website and pulls a few sales all he has to do is type in the address viola MLS#, contract date, concessions, financing, photos you name it. No membership necessary. This is just ONE example of how it can be used against us because like you said... if you have legitimate access to MLS data, how does this help you? It doesn't.

Corelogic just wants you to filter out which of THEIR comps reflects the most accurate data. That way they can make the AVM more credible.

Fortunately.... It appears that most appraisers do not trust corelogic enough to participate. If they had done this under alamode before corelogic came on board, I would have been the first to sign up.

 

[andrew81]

Please go back and let me know when you warranted your data to FNMA in the terms similar to below. Go ahead, I'll wait.

You warrant that the images and materials You provide for contribution to SmartExchange are either owned by You, or You have obtained consent from the owner of such materials. Further, You grant ALM a license to modify or manipulate the data and/or metadata that you submit, so long as ALM does not materially alter or change any of the values or actual content of the data. You warrant that You have the right to share the material submitted, including (without limitation), intellectual property such as trademarks and creative material subject to copyright protection. You hereby agree to release, and hold harmless CoreLogic and its affiliates from and against any and all claims based on any materials You submit, including (without limitation) claims based on publicity rights, defamation, invasion of privacy, copyright infringement, trademark infringement or any other intellectual property related cause of action.

there is no option to warrant it. either provide the data to

Please go back and let me know when you warranted your data to FNMA in the terms similar to below. Go ahead, I'll wait.

You warrant that the images and materials You provide for contribution to SmartExchange are either owned by You, or You have obtained consent from the owner of such materials. Further, You grant ALM a license to modify or manipulate the data and/or metadata that you submit, so long as ALM does not materially alter or change any of the values or actual content of the data. You warrant that You have the right to share the material submitted, including (without limitation), intellectual property such as trademarks and creative material subject to copyright protection. You hereby agree to release, and hold harmless CoreLogic and its affiliates from and against any and all claims based on any materials You submit, including (without limitation) claims based on publicity rights, defamation, invasion of privacy, copyright infringement, trademark infringement or any other intellectual property related cause of action.

while i didnt agree or disagree. it is either allow it to be entered into UCDP or dont submit secondary market appraisals.

not saying i agree with either smartexchange or ucdp, just saying our information is being stolen without opt-in or opt-out

 

[TRESinc]

not saying i agree with either smartexchange or ucdp, just saying our information is being stolen without opt-in or opt-out

it's not being stolen by FNMA, it is freely given to them by our clients, who have the right to distribute the reports we send them to whomever they want to.

 

[andrew81]

exactly

 

[Brian W Street]

How does this opt-in process work? I just want to make sure that I haven't opted in without my consent or that I have missed something.

 

[TRESinc]

How does this opt-in process work? I just want to make sure that I haven't opted in without my consent or that I have missed something.

not sure, but to add to the alarm i have a friend who still uses alamode and i sent him the info i found in this thread. he never opted in but when he called today he was told he was already part of the 30 day free trial, which means they have all his info already. probably best to call them directly.

 

[CompCheck]

[

there is no option to warrant it. either provide the data to


while i didnt agree or disagree. it is either allow it to be entered into UCDP or dont submit secondary market appraisals.

not saying i agree with either smartexchange or ucdp, just saying our information is being stolen without opt-in or opt-out

Andrew - I understand that the data is being stolen. However, CoreLogic takes it one step further and if you share your data with CoreLogic you have sworn an oath that there is nothing in your report that can be called someone else's.. Such as an MLS photo... for starters that is the big one. So if someone uses your photo on their report.. or 100 do.. or 1000 do.. they will follow the paper trail back to you and you can be held liable for copyright infringement on every report that used your data without your knowledge.

That is how a $1000 lawsuit becomes a $1M lawsuit. It is exponential with technology.

Seriously.. put that in your mouth and swish it around for a bit. The agreement is crystal clear who they are coming after. They have figured out they are really selling nothing here. It is all data you have in your MLS and you can upload it with one click. But the photos. Appraisers will use the photos to avoid driving the comps. Additionally, the MLS agreements for even the MLS's that CoreLogic owns does not permit CoreLogic to steal photos. So they've figured out a workaround. Get if from the appraisers and make them responsible for the photo rights.

Funny how the agents with representation know to protect their photos and data. However, appraisers... eh... not so much. We are held out as the outcasts and idiots of the real estate industry worth nothing more than a scape goat.

 

[Michigan CG]

I don't see this is something appraisers need to worry about..........you all are over-reacting. BUT, sounds like the people who might have a concern are those that don't take original photos and use MLS photos. I have no problem with them getting sued.