Feb 4th GSE requirements

[Mejappz]

I would caution against using fly-by-night, unreliable products like True Footage and True Tracts. Albrewer said something about True Fotage producing outrageous outputs for market conditions.

 

[NJ Valuator]

I use Synapse and Spark right now. All three are under the same corporate umbrella. Synapse for "traditional" adjustments, Spark for comp filling/1004MC, cost data through Dwellingcost.com, and they added non-linear time/market adjustment capability last month. Both are stand alone and you drop csv files into them, but either they have to create a custom template or if you have the skills you can make it work by matching the MLS fields into something Synapse/Spark recognizes, but that's beyond my capabilities.

True Tracts is what they are heavily promoting for the new made up GSE nonsense, but it's much more than time/market condition software that's why it needs access to the MLS. It's going to grow into their solution for UAD 3.6 data filling, adjustments, etc.

thanks for the info

 

[NJ Valuator]

I would caution against using fly-by-night, unreliable products like True Footage and True Tracts. Albrewer said something about True Fotage producing outrageous outputs for market conditions.

oh wonderful

 

[Tom D]

If you all go look at the 'spark trend line' video on utub, you will see how non linear works. It's a very good explanation, and the different ways to do the adjustment. In an steady increasing market, it's easy to see a linear line. But when you have various up and down months, then the non linear works. With an up down chart, is it going up or down. I like the non linear for those fluctuating 12 months. Now you could never do a non linear with your calculator, shoot yourself 1st. And spark does it in a minute with some explanation of what you did with any chart there you like.

Seriously, if you don't understand that fannie wants to see what you did to get that time, or no, adjustment keep the head in the sand. See for yourselves, in case the lender says, how did you get to that. But hey, stupid is as stupid does.

 

[The Bob]

I may be a dinosaur, but I absolutely HATE - with a WHITE HOT passion - any services that charge you by-the-job, or by-the-month and make you use their "Cloud Platform" - I say to them: "**** you and the horse you rode in on".

Produce ONE software program that does what we need, charge us ONCE and let us download it and use it for the rest of time with no additional charges - THAT is the way to do business.

Oh wait. I do HAVE such a thing. And its proprietary. And its free.

Oh well. Too bad so sad newfangled cloud **** thieves!

I've been doing this so called "new requirement" for years. It may take an afternoon to set up, but you can do this in Excel. I didn't always include a graph in the report, but I had the data in the file.
If you don't want to mess with graphs, just break your data down in 30, 60 or 90 day blocks, kinda like the 1004MC.
After the initial set up, you can run one of these and import in just a few minutes.

 

[Alsie35]

I've been doing this so called "new requirement" for years. It may take an afternoon to set up, but you can do this in Excel. I didn't always include a graph in the report, but I had the data in the file.
If you don't want to mess with graphs, just break your data down in 30, 60 or 90 day blocks, kinda like the 1004MC.
After the initial set up, you can run one of these and import in just a few minutes.

BINGO. Excel is all you need. My proprietary Excel spreadsheet does all kinds of "magic stuff". I managed to figure out how to dummy up a new "pick list" for my new MLS when we moved (sweated MUCHO bullets first) and found that it populated even better than it had with the other MLS system it had actually been designed for ... its been the "bread and butter" of our appraisal business for 2 decades ...

 

[NJ Valuator]

These Teeba adjustments are bit outrageous. +85,000 time adjustment for a sale that went under contract in Nov 2024??

 

[Digger88]

what is this platform that you are using for the time adjustments?

as has been explained where I get these already, I include this then comment the supposed increase is due to a recent increase in new construction (in this case) there is no market adjustment.

 

[NJ Valuator]

Teeba's market based adjustments.

Can you imagine making these time adjustments?

 

[shrubberyvaluation]

Teeba's market based adjustments.

Can you imagine making these time adjustments? View attachment 97803

Looks like there isn't a big enough data set for it to work well. Does it factor in GLA, condition, etc?