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Has Anyone Completed A 3.6 Yet

CGinMN said:
Here's some data on UAD readiness:
-According to Freddie 35,000 appraisers have the "technical ability" to deliver 3.6 reports, however appraiser surveys indicate less than 5% appraiser readiness. This implies 95% of appraisers have not been asked to complete a 3.6 report or they don't have the software to do so.
-As of May 18, according to Freddie Mac, 50 of the roughly 1800 lenders who sell to the GSEs have delivered a 3.6 report, which just under 3% and is consistent with the above rate. That amounts to 1.3 lender adoptions per week since limited production launched last Sept. They need to 60x this rate of adoption to meet the Nov 2, 2026 deadline.
-There are 109 business days between now Nov 2, 2026. :)
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Thank you for this quite persuasive 'Circumstantial Evidence' of where we are. :coolsmiley:

Or, as I was saying earlier ... :rolf::rof:

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where is this data at...i bet george has the data :rof:
 
Staff appraiser for AMC. Looks about 25. I’m sure he’s an expert at appraising real estate. As I suspected. Exactly the type of experience you want testing out a new process. What a system. :rof:

They do make some fair points, though, I knew those five page addendum that some appraisers like to do, or every line on page one says the addendum, was gonna bite us in the *** eventually :rof:
 
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Give it up and go to the dark side already


Truetracts just announced that they are developing a uad 3.6 form filling software.

I just wonder if yaw dinosaur appraisers are going to get flagged by the gses when your adjustments don't match what the push button software adjustments are?

Ps, does the E&O providers cover lawsuits against lidar produced GLA? Or will the cya in the uad 3.6 protect the appraiser? I just did one where cubicasa was off by 400 sqft. What if I used cubi casa and killed the deal because the GLA was off by 400 sgft and the buyer lost the due diligence? It had a $50k dd.I would be suing the appraiser for sure.
 
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chad hampton said:
Staff appraiser for AMC. Looks about 25. I’m sure he’s an expert at appraising real estate. As I suspected. Exactly the type of experience you want testing out a new process. What a system. :rof:

They do make some fair points, though, I knew those five page addendum that some appraisers like to do, or every line on page one says the addendum, was gonna bite us in the *** eventually :rof:
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Jake Lew - Looks barely old enough to drive, knows *ZIP* about appraising, oh but he's a tech wiz so it's OK. He can follow the GSE prompts for creating inputs like a machine - let him design the NEW FORM.

The other two individuals at around the 7-minute mark are likewise either goobers with birthdates barely missing starting with a "2", or disheveled fat-arses living in Momma's basement. None of these three clows (maybe Lew?) could give me 3 pushups.

Their COMBINED life experiences are less than what I had in some DECADES of MY life. They have accomplished NOTHING meaningful, built no real businesses, much less contributed in any way shape or form by serving their country, or their fellow citizens, but hey - they are "tech whizzes", so they are gonna tell us how to appraise. Give me a break. :sick:

Give me ONE example of an industry (or nation) that ditched those with the most experience and replaced them with de facto know-nothings, that ended WELL? Nope, me neither.

But I can come up with more than a few examples of societies that tried something similar ... lessee ... *engages his Phi Beta Kappa History Degree* ... there was Robespierrian France, and Lenin's Soviet Union, and Mao's China, and Pol Pot's Cambodia ... hmmmm ... what do those examples tell us about the hubris of trying to "reinvent" by destroying the past and devaluing/destroying those with the most experience? :unsure: That's right.

Utter MAROONS designed the "UAD 3.6 Abomination", and have given it over to other, 20 and 30-something MAROONS to implement.

Oh this is sure to end well.

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Alsie35 said:
The other two individuals at around the 7-minute mark are likewise either goobers with birthdates barely missing starting with a "2", or disheveled fat-arses living in Momma's basement. None of these three clows (maybe Lew?) could give me 3 pushups.
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LOL - Thanks for setting a new all time standard for ad hominem (no small feat in this Forum). I was unaware that one's capability as a competent appraiser was measured in light of how many pushups one can do, and I fear there are many who might be in trouble if that is the standard. Have you written the AQB to suggest a PFT as part of the revised criteria?
 
It was a little harsh :rof:

I’d give one a try. Unfortunately my software provider isn’t ready. And I’ve never been asked.

Of course I don’t do a whole lot of work from the big 5 breakfast club AMC‘s. I try to stick to some of the more professional clientele.
 
DWiley said:
LOL - Thanks for setting a new all time standard for ad hominem (no small feat in this Forum). I was unaware that one's capability as a competent appraiser was measured in light of how many pushups one can do, and I fear there are many who might be in trouble if that is the standard. Have you written the AQB to suggest a PFT as part of the revised criteria?
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Nice one, Centurion. Like it. :coolsmiley: Nice straight man deadpan there.


Thank you. I worked hard on it. ;) Think of it as a 'Primal Scream' a la Sam Kinnison (you remember him - he was wonderful, and gone way too soon).

And - it finally got you out of your "bot mode". :love:

I am an entertainer after all (in one of my many other lives that actually matter) and - I DID also nurse a 64 oz Diet Coke through yesterday afternoon (a rare treat) - and frankly that might have had something to do with it too. :rof:

I treat this forum like it's here for my entertainment, nothing more at this point (did I mention I was retiring in exactly 9 weeks and 6 days?) :beer:

Well Danny, being that you finally "uncloaked" from your "Official Personna", and showed some personality in that post above, I will consider my mission in that regard to have been accomplished! :dancefool:

So now I will tell you what has really irked me about the way that you have addressed the "UAD 3.6 Abomination" question here on the AF.

Ready? Big Pants On? Here we go.

I understand all about you not being able to give your personal opinion about it, or to engage in endless pontifications on it like the rest of us do, owing to the identity of your employer. (I wore the uniform once, remember, and was subject to even more stringent restrictions on my speech that were a part of the job).

But the one way you could have avoided a whole lot of the opprobrium aimed in your direction over this, in my opinion (well it certainly would have avoided you mine) is - by simply showing a little EMPATHY for the obvious fact that a whole lot of people were going to have their "business legs" pulled out from underneath them by this, a whole lot of people who are past the stage of life where a career change is easy, desirable, or even frankly feasible for them.

That's it.

Nothing more.

Peace, Brother.

Proverbs 15:1 ​

1 A gentle answer turns away wrath
 
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