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I am not doing the 3.6 FORM deal

cashcatz said:
I don't think you understand the complexity of commercial nor the capabilities of AI (and you are conflating basic algorithms and finance math that have been around forever with blanket usage of the "AI" term). The idea that residential is more dynamic than commercial is hilarious. Furthermore, there's way less public data available for commercial - much of it is proprietary; it's not even a technical problem.
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While I agree with this, I will also say that I have never seen location adjustments supported in a commercial appraisal. In fact, I rarely see any sales comparison adjustments supported. For $4,000, I don't want a sales comp grid showing no location adjustments between Dayton, Cleveland, Philadelphia, and Atlanta. Call me old fashioned.

This includes reports from about 40 different vendors, so it is not a limited sample size. Residential appraisers are held MUCH MORE to the fire to support their adjustments and conclusions than are commercial appraisers. Sorry if that offends any of my general friends here. :)
 
Terrel L. Shields said:
I hope this delays appraisals by days, weeks even. And the lenders then revolt against FNMA et al. The only purpose of the form is to data mine your reports easier and in doing so hasten the day when no one will get any work period. And, then FNMA will go hand in humble hat to the regulators and say there is an appraiser shortage and AI can do a better job of valuing the property. Then, eventually the market crash catches the lenders in another crisis.
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Best short and to the point summary I have seen. And I agree 100%. Nailed it.
 
Overimprovement said:
While I agree with this, I will also say that I have never seen location adjustments supported in a commercial appraisal. In fact, I rarely see any sales comparison adjustments supported. For $4,000, I don't want a sales comp grid showing no location adjustments between Dayton, Cleveland, Philadelphia, and Atlanta. Call me old fashioned.

This includes reports from about 40 different vendors, so it is not a limited sample size. Residential appraisers are held MUCH MORE to the fire to support their adjustments and conclusions than are commercial appraisers. Sorry if that offends any of my general friends here. :)
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Nailed it. I’ve seen some absolutely awful residential appraisals done by CGs. The fact is many CGs are doing residential appraisals. I knew of two in one area that I worked. So this UAD 3.6 will also affect far more than residential licenses.
 
Airstream said:
This has nothing to do with the discussion on this thread.
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Well, the title of the thread is

"I am not doing the 3.6 FORM deal"​

which implies there is politics involved and where else was I going to post about Pulte shenanigans? :)
 
gregb said:
Well, the title of the thread is

"I am not doing the 3.6 FORM deal"​

which implies there is politics involved and where else was I going to post about Pulte shenanigans? :)
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On a different thread. Or start another thread.:)
 
Airstream said:
On a different thread. Or start another thread.:)
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That post you replied to is 'Exhibit A' in the case proving that *members of a certain political party* (not getting political! :sneaky:) see politics in the color of their jam every morning. (For those who are obtuse, substitute 'blank sheet of paper" for "jam" and you might get it. :ROFLMAO:)

Now back on topic - this thread is actually getting productive today - great to hear from so many different corners of the country (and to see that my own evaluation of the situation, to wit: this thing is heading towards a 2026 trainwreck- or a now-almost-certain delayed implementation - is how others are seeing it too. :unsure:

Gives me faith in my own sanity. :ROFLMAO:
 
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Overimprovement said:
Hey kids, the word of the day is "self-delusion". Say it with me. :)
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If I'm deluded about my own evaluation of the upcoming "Failure to timely implement 'The UAD 3.6 Abomination", then - I get to retire in July 2026 (when we go on a long vacation) instead of sometime in 2027. Sounds like a "Win-Win" scenario to me! :beer:
 
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