Surf Cat
Elite Member
- Joined
- Apr 21, 2003
- Professional Status
- Certified Residential Appraiser
- State
- California
I believe the future move is to send the homeowner a Lidar device in a Fed Ex package, have them measure their dwelling, take photos, answer a questionnaire, and upload the data to a website with their loan number and AI will do the rest. Plus, repackage the Lidar device and send it back with a prepaid shipping label.
No PDC, no appraiser, no mortgage broker....no output from the lender and the borrower has a perceived cost savings. Lenders standing alone at the top.
Home insurance is already doing this.
A news article I heard today.
Recent, high-profile predictions in March 2026 indicate that the unemployment rate for new college graduates could exceed 30% (reaching the mid-30% range) as AI agents increasingly automate entry-level white-collar work.
This grim forecast, shared by industry leaders like ServiceNow CEO Bill McDermott, stems from rapidly deployed agentic AI systems that are causing companies to slash costs, cut jobs, and significantly reduce hiring for beginners.
Affected Industries
Tech and Software: Junior software developer and IT support positions are being cut, with UK tech graduate positions projected to fall 53% by 2026 compared to 2024.
Finance & Accounting: The "Big Four" accounting firms have significantly reduced their intake of new graduates.
Marketing & Creative: Entry-level content creation is being rapidly automated.
Despite these forecasts, some leaders argue that while traditional roles will disappear, new roles tailored to AI management will eventually emerge, creating a long-term shift rather than a permanent apocalypse, though the transition period is causing significant immediate distress.
No PDC, no appraiser, no mortgage broker....no output from the lender and the borrower has a perceived cost savings. Lenders standing alone at the top.
Home insurance is already doing this.
A news article I heard today.
Recent, high-profile predictions in March 2026 indicate that the unemployment rate for new college graduates could exceed 30% (reaching the mid-30% range) as AI agents increasingly automate entry-level white-collar work.
This grim forecast, shared by industry leaders like ServiceNow CEO Bill McDermott, stems from rapidly deployed agentic AI systems that are causing companies to slash costs, cut jobs, and significantly reduce hiring for beginners.
Affected Industries
Tech and Software: Junior software developer and IT support positions are being cut, with UK tech graduate positions projected to fall 53% by 2026 compared to 2024.
Finance & Accounting: The "Big Four" accounting firms have significantly reduced their intake of new graduates.
Marketing & Creative: Entry-level content creation is being rapidly automated.
Despite these forecasts, some leaders argue that while traditional roles will disappear, new roles tailored to AI management will eventually emerge, creating a long-term shift rather than a permanent apocalypse, though the transition period is causing significant immediate distress.