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

[Skeletor]

Good grief people. Just wow.

 

[Eli]

FWIW, CoreLogic/a la mode responds:

Note he says you don’t have access unless you are a member of smart exchange. Do you know what the qualifications are to become a member of smart exchange? A thief maybe?

Feeding that avm. I am not donating. I’ll wait on that lawyer to send me a class action letter.

 

[Eli]

They are feeding potential trainees too. And licensed appraisers that are not competent or legally licensed by a state .

 

[Evincere]

All of 1:59 minutes to address concerns! I was expecting a nice, fireside chat.

And no mention of OPTING OUT of the Hotel Oklahoma.

Actually, "Smart Ex Change" considering the situation is almost nefarious as a given name - in a rather Machiavellian way. Smart in that CL gets the data (our life is going to be sooooo much easier for the giving of it) from the Appraiser (for Free) and in ex change, the Appraiser pays them to get it back. Brilliant.

Did anyone know those cereal commercials that make you want to go the the pantry and make a bowl? You know they DON'T USE real milk, right? They use glue, akin to Elmers because the length of the photo shoots and the heat from the lights make the cereal soggy. So by using Glue the cereal sits nicely on top, stays in place, always appears fresh and never wilts. And That creamy delicious looking come hither ice cream cone? Mashed potatoes with food coloring. Who woulda guessed!

With effective, creative and clever marketing It is so easy to be convinced and deceived these days in that so few things appear to be what they really are.......

 

[Ahhhh Yeahhhh]

Its nice to know that the video from two weeks ago where Joel indicated that the data is coming from FNC has been edited to remove that particular section.

Its also nice to know that the three FAQ's he is talking about are not even frequently asked questions. Everyone understands that USPAP doesn't give a rip about your contractual agreement to your MLS.

For what it is worth... think about this for a second. I put in an address today. The smart exchange shows up peer comps. (those are blurred for me because I am not a dumbass). But there is some red and some black blurs. The black blurs are the data that match what you already have in your database exactly. There is a comp that is all black... so it matches my comp exactly. I go to see the 1 report use of this comp to find out it was sent through an AMC known as The Accurate Group and the client was State Farm Bank. How does my comp get into smart exchange when I haven't opted in and the comp has only been used in ONE report that went to an AMC not using appraisalport, mercury or appraisalscope.... how does that happen?

The blurs wouldn't be black if they didn't match exactly. I am the only appraiser in my area that formats my comps the way that I do. This is labeled as a PEER comp.

This smart exchange is getting more data than they are letting on.

 

[Overimprovement]

For those of us concerned about our personal comp or even subject pictures being re-used, most likely by skippys, why don't we just start adding a watermark to all our original photographs?

 

[Ahhhh Yeahhhh]

For those of us concerned about our personal comp or even subject pictures being re-used, most likely by skippys, why don't we just start adding a watermark to all our original photographs?

We could.... but skippy ain't the problem. You are a fish worried about a turtle eating your food when there is a shark in the pond. Skippy ain't worried about your comp photo. The problem is they are putting appraisers into a prone position to be sued BIGLY.

 

[Evincere]

Its nice to know that the video from two weeks ago where Joel indicated that the data is coming from FNC has been edited to remove that particular section.

Its also nice to know that the three FAQ's he is talking about are not even frequently asked questions. Everyone understands that USPAP doesn't give a rip about your contractual agreement to your MLS.

For what it is worth... think about this for a second. I put in an address today. The smart exchange shows up peer comps. (those are blurred for me because I am not a dumbass). But there is some red and some black blurs. The black blurs are the data that match what you already have in your database exactly. There is a comp that is all black... so it matches my comp exactly. I go to see the 1 report use of this comp to find out it was sent through an AMC known as The Accurate Group and the client was State Farm Bank. How does my comp get into smart exchange when I haven't opted in and the comp has only been used in ONE report that went to an AMC not using appraisalport, mercury or appraisalscope.... how does that happen?

The blurs wouldn't be black if they didn't match exactly. I am the only appraiser in my area that formats my comps the way that I do. This is labeled as a PEER comp.

This smart exchange is getting more data than they are letting on.

Guess what. As a bare bones user who has not and is NOT ever going to opt in to the Smart Mart, after typing/entering an address into the grid as a comp, I get a pop up that says this comps address has been used before. What? Not by me it hasn't. If not by me, then who?

 

[Terrel L. Shields]

@CompCheck
Well, Ollie, you opened up a fine can of worms, didn't you?

 

[Overimprovement]

We could.... but skippy ain't the problem. You are a fish worried about a turtle eating your food when there is a shark in the pond. Skippy ain't worried about your comp photo. The problem is they are putting appraisers into a prone position to be sued BIGLY.

If you get down to the fine details, I think there are already enough conflicting directives between USPAP, state statutes, Fannie, lenders, AMCs, and several other groups that we already are probably breaking some law with every report we turn in. Not to mention we can get sued by any unhappy borrower or lender/client at any time, and some of you have been already.

I am not worried about being sued by my MLS. If they want their realtors to close deals they won't give us appraisers grief over something like this.

But I don't like the prospect of some staff appraiser working for CL or some other firm they sell my data to using MY report information and MY pictures. Yes that does bother me. It also bothers me that I am expediting the proliferation of products that will potentially reduce my personal income if I do choose to opt in, which again I won't.

I have not and will not opt in. I have not even updated my software in many months. Don't plan to until it stops working.

JUST SAY NO.