CubiCasa

[alebrewer]

Also - and let’s be VERY CLEAR you can no longer assume that Cubi Casa or RemoteVal are ANSI compliant!!! So if you are relying on them, you de facto have violated USPAP!!! Oh yea…. Even if DW has told the forum otherwise.

And you've made it back on the do not engage list as well. Cheers, mate.

 

[azbassman21]

Per guidelines from Fannie Mae, they imply even if the floorplans come from a third party, they should follow the ANSI Z765 standard. They state they want everyone on the same standard. Fine. However, they also seem to think that iPhone measuring apps exist that are ANSI Compliant, which means they really don't have more than a clue about what they are talking about. They don't.

But it may be that they know the technology is possible - although not via smartphones, which have to be safe for the public to use and thus cannot use the appropriate Lidar frequencies.

To accurately measure a home with Lidar, you would need a device specifically for that purpose, - emitting light around 15,000 nanometers. You would have to be careful not to point it at people or to accidentally stare at the emitter. It would be expensive. And the question remains - could you use it around a family home with kids running around? --- I don't think so.

You could also use a surveyor's base station and rover setup based on GPS and radio corrections. The kind that lets you lean the rover pole on an angle so you could place the end at the corner of a foundation and still read it. Lecia has some of those newer ones you don't have to keep vertically straight 90 degrees with the ground. But they are $10K+.

I am sure they will come up with some solution - but it will be a ways off.

Cubie Case may be good for creating a rough floorplan - but you (or the third-party inspector) should go out and the exterior measurements - per ANSI Z765.

My buddy sent me an article today about them claiming that their sketches showed a variance of 4%, while appraisers showed 3.9%. Variance to what? I would assume the county GLA, which in my area is off about 20% of the time anyways.

 

[Sadie]

I really don't know why I engage you. You're so arrogant and absolutely sure you're correct - when, in fact, you're not. I don't think you are up to date on Fannie Mae (there is no FNMA any longer). Common sense!!!

From B4-1.2-02:

View attachment 71045

?? FNMA is still around. Where do you think the nickname Fannie came from?

 

[azbassman21]

Some cell phones have the ability to measure, and improvements are underway to better them. The question is, if you're walking thru the property anyway, why not just measure? How much time are you actually saving, considering you send it to a third party and need to wait for its return.

I can measure a house in 10 minutes in most cases, in my area and I guarantee I am more accurate than some cell phone app made for use by untrained Realtor wannabes. I use a Bosch contractor's laser and common sense. No need to fish corners with fiberglass tape. Maybe that's just the case in Arizona, but I have a hard time wondering why people still use tape and wheels.

 

[RCA]

And you've made it back on the do not engage list as well. Cheers, mate.

I don’t think you are reading all the posts FNMA makes contradictory statements:
“
One key factor in our decision to adopt the ANSI standard is the recent emergence of new technologies, such as phone apps, which can measure houses, generate floor plans, and calculate GLA. In addition, the desktop appraisal option requires a floor plan. Since appraisers are not inspecting the property personally for the desktop appraisal, we anticipate they will commonly receive the floor plan from a third party, so it makes sense that all parties (including the appraiser) would be using the same standards of measurement.
ANSI is a standard that technologies can build to, other parties (such as real estate agents) can anticipate, and appraisers can create or consume with confidence.”

It really is common sense. Use your head. Use your head. ..,,

Now however, what if the third party for some legitimate reason can not make the measurements per ANSI due to terrain or weather? There is no means set up to deal with that - and the idiots over at FNMA can’t deal with it properly. So they wind up contradicting themselves. …

What you are seeing now is the very real creation of what is known as SYSTEMIC CORRUPTION - the creation of a system with the means of corruption built in. You can say the same for the racial bias mess. It is happening on MANY fronts. At the highest levels - on the backs of appraisers.

 

[alebrewer]

?? FNMA is still around. Where do you think the nickname Fannie came from?

Don't remember now if it was an official name change - although I think it was - but my point was that they don't use the acronym any longer.

 

[Dublin ohio]

I really don't know why I engage you. You're so arrogant and absolutely sure you're correct - when, in fact, you're not. I don't think you are up to date on Fannie Mae (there is no FNMA any longer). Common sense!!!

From B4-1.2-02:

View attachment 71045

Needless to say. The same info has been posted at least two other times in this thread. Previous to Bert's post.

 

[Dublin ohio]

Don't remember now if it was an official name change - although I think it was - but my point was that they don't use the acronym any longer.

I do believe they still use FNMA for the stock exchanges

 

[RCA]

I do believe they still use FNMA for the stock exchanges

That’s good enough. Google it as well - it is everwhere .. except on Fannie Mae’s website. But the internet world is getting too big and complex for such short acronyms - SEO dictates a more specific designation It’s just business.

 

[RCA]

Needless to say. The same info has been posted at least two other times in this thread. Previous to Bert's post.

Letting unlicensed third parties do a critical part of the appraisal is problematic. This puts USPAP itself into a contradictory situation - it says the appraiser must take responsibility for the contributory work done by others - and yet must follow guidelines developed by possibly corrupt politicians and GSE business leaders. The new changes are giving politicians just enough wiggle room to dole out enormous contracts to contractors in their areas. The enormous weight of the political parties almost guarantees a safety net for large scale fraud. M Watters must be drooling at the mouth - or more likely her successor.

These systems are not developed overnight - they are years or even decades in the making.