My prediction on 3.6

[glenn walker]

Jupiter X Software has finally arrived. Are you one of those old carmudgeions that's believed you had the upper hand in residential valuation because you knew the difference between price and value and each report was completed like a college level thesis where you identified how your adjustments and proprietary methodology was better than your competitors list of static adjustments.

Great news Jupiter X is the cloud based valuation tool box that does all the work for you quickly and seamless downloading the best comparables. Now each one is adjusted using our Nvidia powered super computer. Your long days of anxiously cherry picking the highest sale's prices is finally over.

 

[Vermonter]

On a Market value appraisal, there are too many elements of comparison that AI can't read.

All the appraisal knowledge that took you decades (centuries?) to accumulate can be learned by agentic AI in mere seconds.

It's clear you have no idea how much you don't know

 

[Bobby Bucks]

No wonder! The human developers /designers sure could have used AI's help in the design and flow of the 3.6. The new UAD is a disaster that needs AI to complete it. The developers should let AI redesign the thing so humans can get through it in an expedited manner like the users want. That is..... if the human appraiser is still in the picture.

You’re confused, 3.6 will improve AI as soon as appraisers become proficient with it and stop opposing its implementation.

 

[J Grant]

If Fannie and Freddie want to level the playing field and make sure all the appraisers develop thier own cricial areas of the appraisal ( comp selection, the adjustments ) then they can add that to the certifications.

AI...it can pull comps now. Are they the right ones? Were better comps skipped over ? A human can determine that.

 

[alebrewer]

Whadayano.... appraisers aren't the only ones facing extinction in the mortgage world...

https://www.linkedin.com/posts/jame...p&rcm=ACoAAATkOZ0BsLJ43MSjqWfx839v54N6NDbQq9I

 

[DWiley]

If Fannie and Freddie want to level the playing field and make sure all the appraisers develop thier own cricial areas of the appraisal ( comp selection, the adjustments ) then they can add that to the certifications.

You mean like this?

 

[glenn walker]

The AI Assisted Appraisal will soon become a new valuation product. Kinda like the Enhanced Desktop that Wells Cargo used back in the day. Young people will think the AI enhanced appraisal is superior to Bob's wheel-metal tape traditional URAR report.

 

[nachocheesefries]

You mean like this?

View attachment 109823

LOL

 

[soucat]

Especially in a very heterogeneous single family market. AI won't know where to get the best comparables. Census tract won't work. What if there are few sales in the subject subdivision and AI has to jump areas to find the most similar comparables to the subject?

All you have to do is look at the Redfin and Zillow estimates to see how terrible AI is at selecting comps in a heterogenous market.

 

[J Grant]

You mean like this?

View attachment 109823

Imo it will have to be more specific to successfully address AI -

If some appraisers use AI to develop adjustments and pick comps, and other appraisers use their own judgment and research to develop adjustments and pick comps, (or combined using AI and then apply their own analysis, then the results can be vastly different. Do you want that to be the case?

Maybe the cert would look like this.:

"I certify that I might have used AI in developing the appraisal. I certify that, even if I used AI to assist, I developed the adjustments and selected the comps using my professional analysis and research.