How many actually believe 3.6 will be fully implemented this year?

[Surf Cat]

IMO the borrower is getting ripped off by Clear Capital. If an appraiser wants to work for $322 then the borrower should be charged $322 for the appraisal report. The fee Clear Capital wants to charge should be billed and disclosed outside of the appraisal report fee.

Well.... to be fair, it's required that an appraisal be reviewed for compliance and errors. The lenders used to have in-house appraisal staff for this.

That said, the ordering and review through a automated software checker shouldn't cost $300 per report either...

 

[Non Sequitur]

Spark isn't working with the 3.6?

From what I heard there are no plans for Spark 3.6, True Footage wants to push users to TrueTracts and eventually to their 3.6 software offering.

 

[TerryRohrer]

Spark isn't working with the 3.6?

From a Fakebook post 5 days ago, pertaining to use of Spark wit Total UAD 3.6:
"Total released API specs less than 2 weeks ago and work is being done in that regard and timeline will be updated soon."

 

[NC Appraising]

Spark isn't working with the 3.6?

No
It only works with one company and it's not alamode.

Alamode put out the access several months ago, so most companies are still working on it.


Truetracts are building their own uad 3.6.

 

[Surf Cat]

From what I heard there are no plans for Spark 3.6, True Footage wants to push users to TrueTracts and eventually to their 3.6 software offering.

I know that True Footage bought Spark and Synapse. I liked Synapse more than I liked true tracks.... that said, I can't live without Spark... not just for comparable input into the grid, but the analysis of the overall Market in comparison to the competitive to the subject Market with charts and graphs. It also provided succinct commentary for all this. In addition, Spark provided Dwelling Cost for the cost approach.

I can't see myself doing the 3.6 manually without a tool like Spark. Not for 300 bucks.....that's for sure.

 

[Surf Cat]

No wonder Spark is not being worked on for 3.6......they're going in a different direction.....

True Footage recently closed a $40 million Series C funding round to scale its full-stack residential valuation platform, marking a significant investment in the modernization of the appraisal industry. This capital raise positions the Austin-based company to expand its use of lidar, computer vision, and machine learning to provide standardized property data, contrasting with traditional appraisal methods.

The funding news coincides with legal action taken by True Footage against a rival startup, Automax, which the company accuses of copying its proprietary technology, TrueTracts, under the name "Copilot." True Footage alleges that Automax’s founder, Ahmed, misrepresented the copied technology to secure his own investment, leading to a lawsuit seeking damages and an accounting of revenues.

While the search context contains unrelated stories about a "$40 million" discovery in a thrift store book and an unclaimed Australian Powerball prize, these are distinct from the True Footage business news. The appraisal firm's financial milestone highlights the industry's shift toward AI-driven valuation tools and the competitive tensions arising from this technological transition.

 

[Trihard]

The appraisal firm's financial milestone highlights the industry's shift toward AI-driven valuation tools and the competitive tensions arising from this technological transition.

It's a race to see who can replace the appraiser with AI the fastest. An appraiser who uses software like AIVRE that steals appraiser data to train AI, is a straight idiot.

 

[Surf Cat]

It's a race to see who can replace the appraiser with AI the fastest. An appraiser who uses software like AIVRE that steals appraiser data to train AI, is a straight idiot.

Right.....True Footage as well.... they are not helping the appraiser with their Tru-tracks Market trends, adjustment, software..... they made a 40 million dollar bet "to replace" the appraiser by gathering data Nationwide from all appraisers using their software..... they're having appraisers "pay" for this service to help them.

 

[NC Appraising]

Right.....True Footage as well.... they are not helping the appraiser with their Tru-tracks Market trends, adjustment, software..... they made a 40 million dollar bet "to replace" the appraiser by gathering data Nationwide from all appraisers using their software..... they're having appraisers "pay" for this service to help them.

Yep. Stop supporting them.

Just sent via email


already know what TrueTracts can do for your market analysis, adjustment support, and reconciliation, and we're taking it even further.



We're building our very own Report Generation Software: GSE-ready, fully compliant, and built directly into the platform you already use. TrueTracts is the only analytics-first appraisal platform where report generation is built around our industry-leading analytics engine, not the other way around. With Brandon Reich's expertise from Spark and Synapse and our dedicated appraiser-focused product team behind it, this is built by people who truly understand the work.



What will it cost?
We've always kept pricing competitive and attainable for appraisers nationwide, and with TrueTracts, you'll get more than any standalone report generation software can offer, with full workflow support from beginning to end. Pricing will be announced soon, keep a look out in your inbox!



When does it launch?
Ahead of the mandated November 2, 2026 deadline for new appraisal requirements.



Will it integrate with other providers?
TrueTracts will continue to integrate with TOTAL to support the new report regulations, in addition to our own native experience. We'll continue evaluating additional integrations based on what best serves our users and will keep you updated as plans evolve.



When can I see it?
We're co-hosting an exclusive webinar with Appraisal Buzz in early September, with registration d

 

[NC Appraising]

It's a race to see who can replace the appraiser with AI the fastest. An appraiser who uses software like AIVRE that steals appraiser data to train AI, is a straight idiot.

I've been on this forum for ten years warning of the nationalization of the appraisal profession.

Private equity and national firms finally found a way.

Give a big thanks the appraisal foundation, state pacs, rsds, etc.