I am not doing the 3.6 FORM deal

[Tom D]

What they say is that all “form filling” will be done in the field while inspecting the property.

Big pay day for everybody, except us. Any who, since there seems to be no appraiser input into this uad.abomination, what makes you think that the field imputing will follow your routine. There are tons of questions. So will it flow like your walk thru, or you will be flipping thru pages each time you wanna input that 1 bit of info. Bring lunch with you, and start your walk thru early.

Make the inspection part so torturous long that appraisers will screammmm for someone else to do that bit. I guess you will either spend your day at the house on your laptop, or spend it in the comfort of your home. My choice is simple. And if bradford can do the comps, it can only be equally as bad as the comp super CU finds. If bradford can do everything now, why need you, except to sign for the liability. Will bradford have liability insurance to cover your signing a bad report.

Someone shoot me before the pain kills me.

 

[Zoe]

Wait till you see this thing.....its form filling to the max. In fact, that is all it is.

Commercial people are not protected either...they are next up.

I believe that. AI can do income cap approach on many income producing commercial properties soon. Even if they are owner occupied, AI will be able to do income cap, cost and sales comp approaches.

I will stretch and say AI will be more efficient and credible on many commercial properties vs single family residential properties.

Single family residential markets are generally more diverse and heterogeneous than many commercial properties. Just look at difference in number of each. Single family residential market is way more dynamic and segmented.

I'll go further. Many times income cap approach drives the commercial market appraisal. Can AI do income cap approach?

I know it can. If income cap approach is most weighted approach on market value on many commercial properties, then it stands to reason AI can do it.

 

[cashcatz]

I believe that. AI can do income cap approach on many income producing commercial properties soon. Even if they are owner occupied, AI will be able to do income cap, cost and sales comp approaches.

I will stretch and say AI will be more efficient and credible on many commercial properties vs single family residential properties.

Single family residential markets are generally more diverse and heterogeneous than many commercial properties. Just look at difference in number of each. Single family residential market is way more dynamic and segmented.

I'll go further. Many times income cap approach drives the commercial market appraisal. Can AI do income cap approach?

I know it can. If income cap approach is most weighted approach on market value on many commercial properties, then it stands to reason AI can do it.

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.

 

[SBunker]

Maybe other posts on this topic...haven't posted in a long time. After reviewing and watching Alamode video's, I have decided I am not doing the new 3.6 form that they don't want to call a "form". The software is terrible, is going to take so much more time and remove all of the analysis. My eye's physically can't take it nor am I gonna make my secretary transcribe my field notes and check boxes for hours on end. The kids can have it...they are gonna take it from us older appraisers anyway...what choice do they have but comply and turn from appraisers into check boxer people?

Will focus on private work and just slow down. I think it is ironic that there is gonna be a mass exodus of appraisers willing to do GSE work (I bet 40%) in the next 18 months which will completely antielite the industry. Gone almost overnight. But, there will also be a massive drop in need for all the people that created this software, (which is terrible to use) and their GOVT friends. I guess the people at the GSE's think they are all gonna get to keep their jobs somehow even though all of us are gone?

Why didn't the software companies get together and just tell the GSE's no? Alamode and ACI are gonna lose 40%-50% of their subscribers before this is over. No one is going to do this unless they are 20 years old with young eyes and want to sit in front of the computer checking boxes all day. Such an obvious problem with the new form. Guess we haven't been property appraisers for a long time if a software company or bank can obliterate our industry. The people doing this to us will have consequences from the mass exodus coming too though...so there is joy in that. We are all gonna be in the unemployment line together.

I am one of those thinking about retiring. After +30 years in the industry, I just feel sad that our expertise is devalued. I was once old that appraising is part science and part art. Not anymore.

 

[Terrel L. Shields]

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.

I am all for it with the caveat that then FNMA should be held accountable with every employee there suffering the economic death penalty. All their assets including their own homes, their spouse's home and property, are seized to cover the short fall. Additionally, all bonuses for the previous 3 years be clawed back, all salary and benefits abolished and the top officer sent to jail for no less than 10 years. Let's put a little skin in the game for Fannie employees.

 

[WestMichiganCG]

I believe that. AI can do income cap approach on many income producing commercial properties soon. Even if they are owner occupied, AI will be able to do income cap, cost and sales comp approaches.

I will stretch and say AI will be more efficient and credible on many commercial properties vs single family residential properties.

Single family residential markets are generally more diverse and heterogeneous than many commercial properties. Just look at difference in number of each. Single family residential market is way more dynamic and segmented.

I'll go further. Many times income cap approach drives the commercial market appraisal. Can AI do income cap approach?

I know it can. If income cap approach is most weighted approach on market value on many commercial properties, then it stands to reason AI can do it.

AI can't measure commercial property and I can, I find huge variations in city records and leases so lease rates are going to be inaccurate. I see brokers listing capitalization rates based on the list price not the sales price, can AI fact check? I've asked AI to pull data from the census and it makes up numbers, what other numbers will it make up? How will AI make a determination between a rent roll chart and the actual leases? How will AI handle errors in a lease? How will AI confirm data? How will AI write up comps when public records set behind a pay wall? How will AI choose a capitalization rate when local rates are below published rates? How will AI know which approach to give most weight too? I've been using AI for a bit and we're a ways away from J.A.R.V.I.S.

 

[Mark K]

re: Was I a Skippy for doing 1 or more appraisals a day?
Keep in mind, that 20 years ago, we typically got the cookie-cutter appraisals as well as complex stuff, so we could breeze through the small/simple ones quicker. 800sf, 2/1, comps within 1/2 mile. EZ PZ. Now I mostly get the 5000+sf monsters on acreage, or unique properties with deluxe stables, or houses with semi-circular rooms to puff up the architect's fee. This week I finally got a rush FHA SFR, 765 sf, 2/1 with 2 garage and actually DID turn it around in 24 hours. Sweet.

I averaged 500/year the first 10 years I was in business. All for one local S&L, 95% of which were within 5-7 miles of my office, nearly all located in subdivisions for which I had templates made up in the computer. On some, all they wanted was the 704 form. When I was out driving I took photos of every house that was for sale, had them developed and put the copies of the photos in a file to use for comp photos. They converted to a Bank and went public; I bought 3% of the stock. Always wondered if there was a conflict of interest? LOL! And then they got bought out by a TBTF. I left mtg appraising and moved to R/W work for the last 24 years of my career.

Was I a skippy? Don't know, don't care. I made enough in those first 10 years to become totally debt free. The lender never foreclosed on any of the homes I appraised. Client was happy, so was I.

 

[HVNY]

Just got this from Clearbox. I feel like I'm being forced into a cult or something.. What does Clearbox do anyway? Read on..​

​

Appraisers speak. We listen.​

Last week, we reached out about UAD 3.6. You responded — blunt, smart, and direct. You're tired of being talked at.


So here's what we heard, and here's where we're going.

“Fees haven’t changed in 15 years.”​

Correct. The AMC era squeezed margins and stripped power away from the people doing the work.

Clearbox is flipping that model — professional standards, verified credentials, and compensation tied to the value of your data and expertise.

“Appraisers have been sold out.”​

The industry sidelined human judgment in favor of speed.

Clearbox is putting expertise back at the center with the PDQ™ credential — proof that you collected the data, you verified it, and you own the output (within our ecosystem only.) We can’t control what others do.

"UAD 3.6 will make everything harder."​

UAD 3.6 is coming — period.

Choose tools that reduce friction, not add to it. We’re building one of those tools, and you’ll be the first to shape it.

“AI has already replaced us.”​

AI replaces repetition, not judgment.

Structured data makes expertise visible — and billable.

“Everyone profits from our data except us.”​

That ends here.


With PDQ, verified data is tagged to the appraiser who collected it. When your data is used, you can earn royalties. (Again, within our ecosytem only.)

“Why now?”​

Because UAD 3.6 isn’t optional.


This is the moment to define the appraiser’s role — or others will define it for you.


Clearbox is building a future where:

• 
  Expertise matters
  
  
• 
  The professional will own the output
  
  
• 
  Data creates recurring income
  
  

If you're ready to lead instead of react, create or update your Clearbox profile. We're not just evolving with the industry, we're reshaping it.

 

[Fernando]

Big pay day for everybody, except us. Any who, since there seems to be no appraiser input into this uad.abomination, what makes you think that the field imputing will follow your routine. There are tons of questions. So will it flow like your walk thru, or you will be flipping thru pages each time you wanna input that 1 bit of info. Bring lunch with you, and start your walk thru early.

Make the inspection part so torturous long that appraisers will screammmm for someone else to do that bit. I guess you will either spend your day at the house on your laptop, or spend it in the comfort of your home. My choice is simple. And if bradford can do the comps, it can only be equally as bad as the comp super CU finds. If bradford can do everything now, why need you, except to sign for the liability. Will bradford have liability insurance to cover your signing a bad report.

Someone shoot me before the pain kills me.

I fear in going to some homes which I would quickly stay for like 10 minutes.
Some home stink, dirty, and such which I know is bad for my health.
With new form, I'm forced to stay in the house and see (and smell) all the details of that terrible home. Ugh.

 

[Charles West]

I fear in going to some homes which I would quickly stay for like 10 minutes.
Some home stink, dirty, and such which I know is bad for my health.
With new form, I'm forced to stay in the house and see (and smell) all the details of that terrible home. Ugh.

Try doing REO or hard money work. I went into a boarded-up row house in Oakland one fine morning and had to use my flashlight to see, as somebody had screwed up and hadn't turned the utilities on.
Rubbish and crap were everywhere, the filthiest, smelliest place you can imagine. I even found the mummified carcass of a dead dog some idiot had locked up. I don't think I will ever get over it.