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

[ZZGAMAZZ]

Back to what the GSEs want with 3.6, e.g Front Door elevation. A report I'm working on has the flood declaration page included in the disclosures. In the upcoming 3.6 world the front door threshold is a couple of inches above grade (on slab single story). In reality that's not even close (see below) to an accurate elevation for flood risk purposes. And pay attention to the method used to determine height. Why do the GSEs want appraisers to communicate misleading data?

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N.S., I'm curious: are some or all of the descriptions above selected from pull-down menu options or is the appraiser responsible to form fill manually from among millions of possible descriptions??

 

[Non Sequitur]

N.S., I'm curious: are some or all of the descriptions above selected from pull-down menu options or is the appraiser responsible to form fill manually from among millions of possible descriptions??

From what I've seen this particular field is a pull-down with ranges, not sure about other fields like age of roofing shingles.

 

[Tom D]

 

[Mark Radco]

I have seen too many errors in those sketches, floor plans, what ever you want to call them to tr

I agree with this, that’s the ultimate plan. but the Uber drivers masquerading as license appraisers, collecting property data (whatever that means) we still have to be at the property for the same amount of time?

I mean, sure since they don’t have any license to protect, they will be cutting even more corners than usual, but in theory they will be?

I did a few Hybrids 4 or 5 yrs back, all for a mega-Bank. The pay was perhaps a bit more than 1/2 a typical 1004, yet as much or more work, because of the learning curve for the new format/software needed. Ended up doing 3 or 4 of these nightmares only; because on 1, just from common sense and also simple math the basement was disproportionally smaller than the 1st level, which was physically impossible. As I pointed this out to the Reviewer, that the data collector either did not measure the property correctly, and/or the auto-measuring software did not work correctly...basically that was the last Hybrid they ever gave me and that I would ever do again.

 

[Fernando]

There are some lawsuits going on related to that. I think the lawsuit going on in your State is related and the one just posted about lawsuit in Florida is related.

Note both are State related lawsuits. States have a bunch of power on business (commerce) within their boundaries.

MLS giving away privy information which has consequences.
Years ago as an agent, MLS posted private info and county assessor read about my transaction and concessions and changed buyer's assessed value higher than purchase price.

 

[chad hampton]

I did a few Hybrids 4 or 5 yrs back, all for a mega-Bank. The pay was perhaps a bit more than 1/2 a typical 1004, yet as much or more work, because of the learning curve for the new format/software needed. Ended up doing 3 or 4 of these nightmares only; because on 1, just from common sense and also simple math the basement was disproportionally smaller than the 1st level, which was physically impossible. As I pointed this out to the Reviewer, that the data collector either did not measure the property correctly, and/or the auto-measuring software did not work correctly...basically that was the last Hybrid they ever gave me and that I would ever do again.

Your experience was similar to mine. I tried to do a few just to see what they were like. All had major issues with the appraisal inspection. the best was when they sent it over as a single-family and the county said it was a manufactured home. Things like on septic and well, but the appraisal inspection said city. And like you said, it was more trouble trying to decipher the field appraisal work. I could’ve driven and done it myself in a less time.

I figured if I was going to bash them so much in front of the appraisal board I better understand what they were. And everything I thought turned out to be true. It’s a shame the appraisal boards members didn’t realize that Revaa reps and the appraisal Institute lobbyist were lying to them.