RCA
Elite Member
- Joined
- Jun 27, 2017
- Professional Status
- Certified General Appraiser
- State
- California
My best prediction: Yes there will be fewer appraisers. As long as they are doing GSE work, they won't earn any more. It has and is getting more difficult for Appraisal Software Companies to make a profit. They are cutting costs. Quality will suffer. Things will get exponentially worse, not better.
The appraiser must learn to use the AI himself, focus on his target market areas, learn to write R and Python programs to do his own analysis and use Excel for reports. Screw the GSEs. IF they can't frigging produce the software for the UAD themselves, and the third-party vendors can't successfully or profitably produce it, then they simply will not have a choice except to accept Excel reports. The best they can do is require a specific format for the Excel spreadsheets (no problem).
I personally would not want to be in the business of producing GSE software. However, of course, these existing companies have been doing it for years and can probably keep stumbling along for a while. However, their software programmers are going to be retiring over the coming years.
Is anybody tired of paying those steadily increasing fees for appraisal software?
The appraiser must learn to use the AI himself, focus on his target market areas, learn to write R and Python programs to do his own analysis and use Excel for reports. Screw the GSEs. IF they can't frigging produce the software for the UAD themselves, and the third-party vendors can't successfully or profitably produce it, then they simply will not have a choice except to accept Excel reports. The best they can do is require a specific format for the Excel spreadsheets (no problem).
I personally would not want to be in the business of producing GSE software. However, of course, these existing companies have been doing it for years and can probably keep stumbling along for a while. However, their software programmers are going to be retiring over the coming years.
Is anybody tired of paying those steadily increasing fees for appraisal software?