Anyone complete a UAD 3.6 report ..... yet

[djd09]

? The person interviewed is an appraiser. I did not see enthusiasm for the UAD.36 coming from him. He gave an honest answer about his personal experience doing his first one.

The PR enthusiasm comes from the GSE side and from the software tech bros who want to sell their products.

did you listen to him talking about front door elevation measurements...useless

 

[NC Appraising]

My take and best advice:

1. Practice Practice Practice. Find some vacant new construction homes, REO, etc. At varying GLA and difficulty. (No real assignments)

2. When making the appointment, explain to the owner, realtor, etc. The new changes, why, time frame, pics, what needs to be done etc. Same for the lender and AMC. Warnings. Warn, warn...

3. I know the big boys....mortgage bankers...are ready...I hope they pause until all of the appraisal software companies are fully completed, out of beta...for at least a month to give us time to practice.....

The last thing you want to hear....are you staying for dinner?

 

[Alsie35]

Thanks for posting that NC, in 28 minutes I learned more about the new "form" than in all the nonsense released from the GSEs, AMCs and software vendors. I conclude it will take much more time in the field and much more total time to complete than the current form. I'm still going to wait a few months before buying any new gadgets, waiting to see if they solve the other potential issues, camera, laser, voice to text, templates, etc.

(Caveat: I have not watched it, as I refuse to devote a single SECOND to 'The Abomination' - outside of flaying it and its purveyors on here for entertainment purposes only - a weekend devoted to it at ACTs was punishing enough )

Rhetorical Q: How do you know he "did what he said he did" - that he's not just a 'GSE stooge' shillin'?

 

[chad hampton]

I will figure it out when I see an order for one. Just like I did back in 2002.

Experience doesn't matter we are told.

 

[Alsie35]

My take and best advice:

1. Practice Practice Practice. Find some vacant new construction homes, REO, etc. At varying GLA and difficulty. (No real assignments)

2. When making the appointment, explain to the owner, realtor, etc. The new changes, why, time frame, pics, what needs to be done etc. Same for the lender and AMC. Warnings. Warn, warn...

3. I know the big boys....mortgage bankers...are ready...I hope they pause until all of the appraisal software companies are fully completed, out of beta...for at least a month to give us time to practice.....

The last thing you want to hear....are you staying for dinner?

On the serious side - I admire your "stiff upper lip" approach to 'The Abomination', NC. If I recall correctly, you are still in your 40s, so you have no choice (other than to change careers) but to 'give it a go'.

 

[NC Appraising]

On the serious side - I admire your "stiff upper lip" approach to 'The Abomination', NC. If I recall correctly, you are still in your 40s, so you have no choice (other than to change careers) but to 'give it a go'. View attachment 105915

I don't like it either...but they have us by the....I was just giving some practical advice. Some are going to stay in, some are going good to leave.

I'm going to try it out. If I can make a living, I'll stay. If not, I'll plumb. I've been in the trades my entire life. Nothing is beneath me.

I've said it here many times...AI and tech are our worst enemies. The billionaires that control the system are the only ones that want it.


Fwiw....im spending most of the time playing plumber in the mountains. Bought a house there last year. Yeah, in my 40s. Still sucked entering a new trade, but the view is good.

 

[djd09]

just like the vax...dont need it...just gonna make you sicker

 

[Sadie]

My take and best advice:

1. Practice Practice Practice. Find some vacant new construction homes, REO, etc. At varying GLA and difficulty. (No real assignments)

2. When making the appointment, explain to the owner, realtor, etc. The new changes, why, time frame, pics, what needs to be done etc. Same for the lender and AMC. Warnings. Warn, warn...

3. I know the big boys....mortgage bankers...are ready...I hope they pause until all of the appraisal software companies are fully completed, out of beta...for at least a month to give us time to practice.....

The last thing you want to hear....are you staying for dinner?

One of my clients, a very large national bank, will not be ready until 3rd quarter.

 

[Non Sequitur]

Here to the Op of this thread

“2 to 3 hours on site, 16 pages of data before you hit the sales grid.” From the horse’s mouth.

And some people still think Uncle Non is making stuff up. Good luck, everyone!

 

[Doug Wegener]

Adam gave an honest read on what it is - a lot more data and a lot more time. Whether one spends more of the time on site or more of it in office, the total time will be longer.

Yes he did. I noticed he said he was going to double his fees............It looks like this is going to very time consuming. My crystal ball tells me that AMC's are not going to be willing to double their fees to appraisers. More work for less pay seems like the bottom line to me.