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

[Ahhhh Yeahhhh]

The problem is not that your MLS will sue you... they might, but I doubt it. What might happen and hopefully it does is that multiple MLS platforms... maybe even those competing with CoreLogic...perhaps those owned by BlackKnight will cause action against CoreLogic. Corelogic in turn says the appraiser's lied to us... the appraisers said they owned the rights to the data and furthermore the appraisers ALL agreed to indemnify us. Then you get to pay CoreLogic's legal bills and your E+O isn't going to save you.

Thousands of appraisers get hit with huge judgements owed to corelogic... thousands of appraisers are out of business and CoreLogic takes the data you gave them freely and ports it to their AVM. Now that you are out of the way, there is nothing to stop them.

Don't think it can happen???? Well, you never thought CoreLogic would own alamode either did you?

They don't have to win when you sign the opt in. Corelogic can't lose. You agree to defend them against any claims arrising our of the data you submit.

And once you opt-in.. there is no opt out. They will take what you have now and continue to take without your knowledge indefinitely into the future.

 

[Ahhhh Yeahhhh]

The problem is not that your MLS will sue you... they might, but I doubt it. What might happen and hopefully it does is that multiple MLS platforms... maybe even those competing with CoreLogic...perhaps those owned by BlackKnight will cause action against CoreLogic. Corelogic in turn says the appraiser's lied to us... the appraisers said they owned the rights to the data and furthermore the appraisers ALL agreed to indemnify us. Then you get to pay CoreLogic's legal bills and your E+O isn't going to save you.

Don't think it can happen???? Well, you never thought CoreLogic would own alamode either did you?

They don't have to win when you sign the opt in. Corelogic can't lose. You agree to defend them against any claims arrising our of the data you submit.

And once you opt-in.. there is no opt out. They will take what you have now and continue to take without your knowledge indefinitely into the future.

 

[Skeletor]

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

It's just physical characteristics and raw data formatted into appraiser language. The skill, the trade, the art form, the value, whatever you want to call it, is in the analysis. Licensed appraisers have no chance of performing the in-depth quality analysis that certified residential or, in my case, certified generals can perform. Licensed appraisers are swiftly becoming obsolete. Trainees, however, can benefit from this under the supervision of their mentors. I have no fear of the "skippies."

An appraiser whom I respect immensely, Richard Hagar from Mercer Island, has recently stated that too many appraisers are becoming obsolete because of their inability and/or unwillingness to embrace new technology and methods. So the moral of the story is...either improve and refine your caveman skills or get left in the dust. SmartExchange/CoreLogic is not the enemy.

On a final note, there is really nothing proprietary about residential MLS data primarily because the data is made available on multiple platforms, e.g., RedFin, Zillow, Trulia. When I think of proprietary appraisal data, water and mineral rights transactions, bulk lot sales, leased fee property sales, partial acquisitions, etc., come to mind. That is data that should be kept close to the chest and rightfully so. But certainly not residential MLS data.

As I've stated earlier, banks and GSEs have been utilizing MLS residential data in UAD format for years. And yet, we're still here. There will always be a market for an objective, unbiased opinion of value. Period. Just one man's opinion.

 

[Overimprovement]

The problem is not that your MLS will sue you... they might, but I doubt it. What might happen and hopefully it does is that multiple MLS platforms... maybe even those competing with CoreLogic...perhaps those owned by BlackKnight will cause action against CoreLogic. Corelogic in turn says the appraiser's lied to us... the appraisers said they owned the rights to the data and furthermore the appraisers ALL agreed to indemnify us. Then you get to pay CoreLogic's legal bills and your E+O isn't going to save you.

Thousands of appraisers get hit with huge judgements owed to corelogic... thousands of appraisers are out of business and CoreLogic takes the data you gave them freely and ports it to their AVM. Now that you are out of the way, there is nothing to stop them.

Don't think it can happen???? Well, you never thought CoreLogic would own alamode either did you?

They don't have to win when you sign the opt in. Corelogic can't lose. You agree to defend them against any claims arrising our of the data you submit.

And once you opt-in.. there is no opt out. They will take what you have now and continue to take without your knowledge indefinitely into the future.

I for one would relish the chance to be part of a class action lawsuit against 25,000 appraisers or more. It would let a lot of the dirty laundry in this industry get put out in the open. Bring it on.

But even for that opportunity, I still will not opt in.

 

[Evincere]

So an artist assembles supplies needed to create a portrait of a landscape. He buys what he needs from various suppliers. Paints and brushes come from Michaels. Canvas and paper from Amazons various vendors. An easel is needed so he hops in his car and has one made by his local carpenter. These materials are not custom, unique supplies built to his specifications and are readily available to anyone.

The portrait he created is completed and he signs his name to it.

Who owns and claims rights to the portrait. And why? Amazon because he paid them for the canvass they got from various vendors. The carpenter? Michaels because they sold him the paint?

Contextually, Appraisers buy / pay for their own data/supplies used to create a meanginful portrait.

 

[Evincere]

The problem is not that your MLS will sue you... they might, but I doubt it. What might happen and hopefully it does is that multiple MLS platforms... maybe even those competing with CoreLogic...perhaps those owned by BlackKnight will cause action against CoreLogic. Corelogic in turn says the appraiser's lied to us... the appraisers said they owned the rights to the data and furthermore the appraisers ALL agreed to indemnify us. Then you get to pay CoreLogic's legal bills and your E+O isn't going to save you.

Don't think it can happen???? Well, you never thought CoreLogic would own alamode either did you?

They don't have to win when you sign the opt in. Corelogic can't lose. You agree to defend them against any claims arrising our of the data you submit.

And once you opt-in.. there is no opt out. They will take what you have now and continue to take without your knowledge indefinitely into the future.

30 days “free” opt in trial period should give them more than ample time to wipe your programs drives clean of data in every report stored. Moreso if you haven’t used the vault or cloud

 

[Meandering]

Oh come on.

Corelogic owns many MLS systems, and therefore has direct access to that data. It is only appraisers that will pay them to use the data they already have.

They could buy into other MLS systems, especially if those systems port out to the online advertisers. Other MLS systems can't refuse to do business with them, while doing business with online aggregators of data, and yes, Zillow aggregates data also. But again, only appraisers will pay them to use data they already have.

So what is the benefit of using appraiser's data, as opposed to the MLS data they already own?

Oh, appraisers are going to format it in UAD and make real decisions about condition and quality and actually measure the GLA, and pay Corelogic to send it back to them in formats they can use.

Suckers.

.
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[Doug in NC]

I opted in yesterday as a knee jerk reaction to re-use data between the only two appraisers who work together in my office. Without reading the agreement, I opted in but soon learned they were going to charge $0.99 per month to use the data that we created, in what should be our own private appraisal reports. I'm calling those SOBs back right now to opt out. This Corelogic scheme really pisses me off to the point that I would now consider changing software providers after decades of using Alamode!

 

[Non Sequitur]

I opted in yesterday as a knee jerk reaction to re-use data between the only two appraisers who work together in my office. Without reading the agreement, I opted in but soon learned they were going to charge $0.99 per month to use the data that we created, in what should be our own private appraisal reports. I'm calling those SOBs back right now to opt out. This Corelogic scheme really pisses me off to the point that I would now consider changing software providers after decades of using Alamode!

Facebook appraisers report that once you opt-in there's no opt-out, please report back.

I'm leaning toward liking it, my system has no lag and it's pretty interesting to see what others are reporting. And I don't believe it's a grand conspiracy, it's just tech moving forward.

 

[Evincere]

I'm leaning toward liking it, my system has no lag and it's pretty interesting to see what others are reporting. And I don't believe it's a grand conspiracy, it's just tech moving forward.

And does The destination matter? Rubber necking on the roadways is not only annoying and time consuming, it’s often dangerous.