Has Anyone Completed A 3.6 Yet

[Non Sequitur]

Meanwhile in the real world:

 

[Non Sequitur]

I don't know. That seems like a pretty interesting (and relevant) topic. Especially interesting if it's one of the offerings someone hasn't tried yet.

More than anything, I highly recommend appraisers sit in and watch because in one form or another all software providers are trying to bake in the same features. His software is ahead because he started from scratch, had a team behind him that is tech oriented, and wasn’t weighed down by a legacy system.

 

[OSU Beavers]

I have been testing Aivre. I like the AI features such as drag & dropping the Engagement letter and purchase agreement into the program and having it automatically fill out all of the basic information.

I still have not been able to complete a full 3.6 yet.

 

[ilsindaco2628]

I have not completed one yet, however in the last week I have gotten quote requests from an AMC for three of them. The lender on all of them was Wells Fargo.

The only other time I hear about them is periodic e-mails from other AMC's offering newsletters and surveys and asking if I will be completing them.

 

[Alsie35]

I have not completed one yet, however in the last week I have gotten quote requests from an AMC for three of them. The lender on all of them was Wells Fargo.

The only other time I hear about them is periodic e-mails from other AMC's offering newsletters and surveys and asking if I will be completing them.

That's because NJ is one of the 5 states where WF is testing out the 3.6 Abomination.

 

[lwilson]

At first, I was willing to give UAD3.6 a try, but now I, too, am leaning towards retiring from the profession at the end of this year. I mean fees are already low, the market is still relatively slow, having to learn a new reporting tool, I'm just not sure it is worth it anymore. I enjoyed it while it was good but I am tired of frequent revision requests, reconsideration of value requests when I have supported my value in the report, and not getting much work in the county I live in.

 

[tlark]

I appreaciate the feedback from all. As a geezer I am open to change but doing the research and looking through this forum it appears the platform will not be ready. One can argue it will be forced upon us like it or not. After 40 years i've seen much, the 90's we were forced to adapt to 1075s, 2055's and the like until it was apparent it did not at all help, in fact caused a great deal of financial stress and unreliable results. Speaking to U/Writers today that are with experience they have told me you cannot believe the stress and the level of ignorance in there profession from the ground floor up. processors, loan officers (etc) that cannot do basic tasks w/o there hands being held at every step, now 3.6 is coming and likely will but until the software venders and those in the mortgage profession can adapt in a timely fashion I find it hard to believe this can be rolled out effectively w/o further stressing the transaction from loan app to closing................the intellegence at a human level is lacking from what I am told and I see it with certain lenders. QC is left to remote locations where a human sits at a desktop peering at there instagram reels with the inability to make change for a $20. This is not ready to be scaled yet and when the bottom line is threatened the lenders are going to push back, they are not ready as well. Its kinda like EV's, solar & wind. Oh how they rushed to bring the product to market, propped up by tax credits(etc). And then the winds died, and ice storm hit Tex, structural failure took place in turbines and half the damn things don't operate half the time and when they do the wild life around them acts like there on crack, Ford can't sell F150 Lightnings and don't you dare give value to solar panels. IDK if they will listen to peeps like us but something tells me this will get postponed.

 

[Alsie35]

I appreaciate the feedback from all. As a geezer I am open to change but doing the research and looking through this forum it appears the platform will not be ready. One can argue it will be forced upon us like it or not. After 40 years i've seen much, the 90's we were forced to adapt to 1075s, 2055's and the like until it was apparent it did not at all help, in fact caused a great deal of financial stress and unreliable results. Speaking to U/Writers today that are with experience they have told me you cannot believe the stress and the level of ignorance in there profession from the ground floor up. processors, loan officers (etc) that cannot do basic tasks w/o there hands being held at every step, now 3.6 is coming and likely will but until the software venders and those in the mortgage profession can adapt in a timely fashion I find it hard to believe this can be rolled out effectively w/o further stressing the transaction from loan app to closing................the intellegence at a human level is lacking from what I am told and I see it with certain lenders. QC is left to remote locations where a human sits at a desktop peering at there instagram reels with the inability to make change for a $20. This is not ready to be scaled yet and when the bottom line is threatened the lenders are going to push back, they are not ready as well. Its kinda like EV's, solar & wind. Oh how they rushed to bring the product to market, propped up by tax credits(etc). And then the winds died, and ice storm hit Tex, structural failure took place in turbines and half the damn things don't operate half the time and when they do the wild life around them acts like there on crack, Ford can't sell F150 Lightnings and don't you dare give value to solar panels. IDK if they will listen to peeps like us but something tells me this will get postponed.

At first, I was willing to give UAD3.6 a try, but now I, too, am leaning towards retiring from the profession at the end of this year. I mean fees are already low, the market is still relatively slow, having to learn a new reporting tool, I'm just not sure it is worth it anymore. I enjoyed it while it was good but I am tired of frequent revision requests, reconsideration of value requests when I have supported my value in the report, and not getting much work in the county I live in.

Gentlemen, please feel free to vote in our "UAD 3.6 Abomination Retirement" poll (LINK BELOW) if you haven't already ...

Thread 'Poll - How Likely Are You To Retire Before Implementation Of The Uad 3.6 Abomination?'

Dec 15, 2025

Let's have a bit of fun ... I know that it is kind of early, but ... let's test the waters shall we, then re-run the poll again and see which way it is going in a few months when the new software is made available for trial ...

• Alsie35
• Replies: 271
• Forum: Fannie Mae, Freddie Mac, USPAP

 

[Sandra Koutsopoulos]

I think I'm with tlark on this issue. When I spoke to a direct lender I do work for, one of their ppl told me they were taking 'classes' on how to READ the 3.6 reports! So it sounds like it doesn't stand on its own legs as a logical functioning program. ...and if the appraiser doesn't do the report 'correctly', how much MORE difficult a time will lenders have to make heads or tails of the flawed report?

An annoying current aspect is that AMCs and lenders are jumping the gun to inquire if we're '3.6 certified' yet?! WTH! They also want me/us to give them our fee/rate for various reports NOW for when the 3.6 is in effect. And how the heck can we knowledgably quote a fee for that which is not readily available and for which we have zero experience because it is still basically in Beta-testing? If it is as big a bugger as folks here have described who have taken a whack at it, then it isn't realistic to do reports for the 'old' fees. If it requires carrying around an ipad to do photos, measurements etc, and if there is not an alternative work-around for that, then simply requiring new expensive appraiser equipment hits our bottom line. Since when does your LICENSE and your ability to provide credible appraisals require buying certain equipment for lender's mandated form? If lenders require all that including the additional technology, there must be a cost to them for requiring that.

Right now, with ppl losing their houses, my appraisal work level has increased for pre-foreclosures and REOs, so that's good for me. But at some point the economy will recover, and when it does, if the 3.6 is required, I predict that there will be a 3-6 months chaos period of accepted offers where loans are delayed because there is a shortage of trained, knowledgeable appraisers to provide appraisal reports for dead cheap fees. Even if they broadly raise the appraisal fees, there will be a learning curve as well as a 'throw-in-the-towel' percentage, where we appraisers say enough is enough already, and either retire or change how we earn money. When it comes down to net profit looking like minimum wage or less, then our 'profession' becomes a licensed, highly regulated hobby where we are supporting other services, like databases, MLS, software, E&O, licensing & CE fees, and other costs like wear & tear on the vehicle, gas, computers and printers, cellphones, websites...
Being in business isn't free, but most AMCs treat us like we have no operating costs, and our time is worth $0; all they want is the report, and the report is what they are negotiating price on. So I guess being able to push a button for a value will be the way it is, and we shall see what the consequences will be. Will there be more bad loans made that hurt lenders/investors? Without appraisers' 'eyes-on' the property, reality may not become apparent until the property forecloses and agents try to sell it again. Meanwhile, if lenders are badly hurt, they will get bailouts of our tax dollars again, as usual. And then there will be a new system of some sort.

 

[Doug Wegener]

Too bad appraisers are not organized enough to revolt against all this.