Are you currently doing appraisals with 3.6 form?

[Doug Wegener]

Are you currently doing appraisals with 3.6 form?

 

[HVNY]

Anybody who is trying to do a 3.6 is probably too busy pulling their hair out to answer this poll

 

[Alsie35]

Anybody who is trying to do a 3.6 is probably too busy pulling their hair out to answer this poll

Exactly.
W-T-Heck do ya think the AF has gotten so quiet the past 2-3 weeks?

Meanwhile, the 3.6 Abomination Implementation down here by major lenders started on Monday ... but the 1004s/2055s are STILL FLOWING FAST and FURIOUS!!!!

6 more weeks, baby - just 6 more weeks 'MAXXING OUT' ...

 

[Dublin ohio]

Exactly.
W-T-Heck do ya think the AF has gotten so quiet the past 2-3 weeks?

No Fernando?

 

[Stephen Mueller]

 

[Fernando]

My clients have been asking me if I'm doing UAD 3.6 and if when I'm doing it and some asking how much.
I'm ignoring them. Might be affecting me in how much work I'm getting.

 

[chad hampton]

Is it November yet?

The way I figure, if the *******s who created this form made it so damn complicated that I can’t figure it out, 95% of appraisers aren’t gonna be able to figure it out either.

 

[JTip]

I don't think any vendor is 100% ready.

 

[PeterPetrelli]

My clients have been asking me if I'm doing UAD 3.6 and if when I'm doing it and some asking how much.
I'm ignoring them. Might be affecting me in how much work I'm getting.

I wondered the same thing myself, though things have not been too slow for me.
It's possible but I've spoken to some clients about roll out and implementation. One large AMC just sent it's 200th report, nationwide... In my opinion, that indicates extremely poor readiness on both lender and appraiser side. The rep at this AMC told me he doesn't think rollout is going to be delayed based on what he's seen but I don't see how they can keep the timeline with the poor numbers being talked about.

I also receive requests (almost daily) to update my readiness level. Ignore.
Personally, I'll get ready when I'm ready to get ready... not before. And the horrible choices in software aren't doing us any favors.
Nighthawk STILL isn't ready. They say it can now deliver reports but it doesn't even integrate with the mobile app yet? AND you have to attend one of their "training" webinars to get access. By the way, the webinar is a near total waste of time.
I don't want a cloud based system either so that rules out nighthawk and several others.
TOTAL is, unsurprisingly, a TOTAL nightmare. Honestly, I left them ~16 years ago and never looked back. I would never buy another product from them again. This new product seems to be on par with their previous products though.
So SFREP? IMHO that's the only real option.
And what's with these companies trying to charge us a per report fee for the software?! Utter insanity. Nighthawk originally said it was going to be per report but I don't know if they backed off from that yet. They likely will if they want to have a chance... but honestly I think they're arrogant enough to think they can push forward with that model.
My biggest thing right now is pricing. For the amount of work, I think reasonable quotes for a basic SFR is $700-800+ depending on market area. Understandably so, appraisers are not sharing their pricing but I think that is a mistake. We have a tremendous opportunity to restructure pricing/compensation but that doesn't seem to be happening. Compared to when I first started 25+ years ago, fees being paid now are despicably low for the ever increasing amount of work required...
Anyway, sorry for the highjack... End Rant...

 

[Bobby Bucks]

The fast approaching 3.6 deadline is a crisis according to the AMC/Buzz wing of the industry and a half dozen clowns in here who claim to be experts on the subject, but the real banks I deal with only ask questions about 3.6 and have been misled or confused by the entire matter. A few weeks ago I had 4 bid requests for 3.6 reports, for 2 of them, they were practically begging someone to take them. I’ve seen no 3.6 bid requests since, so I assume the little blue train is back in the roundhouse for more repairs. Methinks the only crisis is the next Buzz gathering which will probably have a dozen vendors for every paying appraiser at the event.