New URAR Demo

[J Grant]

How about "how deep is the well and what is its flow rate"? "What is the capacity of the septic tank"? "How often does the County maintain the road"? "How far is the nearest fire station/bus stop/international Airport"? Don't leave us rural appraisers out of all the fun.

If they expect appraisers to wait to get from an owner ( half of whom don't know ) or research from a county every bit of minutiae asked, it would add days or weeks to finish an appraisal. Yet they will expect it as fast as ever. Which means filing in NA is not available for half the info to get it in on time, or estimating it. Which of course, can expose an appraiser to liability over any small thing.

 

[Surf Cat]

If they expect appraisers to wait to get from an owner ( half of whom don't know ) or research from a county every bit of minutiae asked, it would add days or weeks to finish an appraisal.

The suits or the powers that be whom designed the 3.6 apparently don't do appraisals yet, want the data.

Appraising has always been about wanting the report yesterday. Especially GSE work. From what I read and seen, the 3.6 also requires a fairly knowledgeable appraiser, which conflicts with the fast and cheap, lots of boilerplate, AMC type typically desired.

A fee increase is warranted yet will be bucked hard. Quite the conundrum.

 

[J Grant]

There might be other aspects driving the one form "dynamic format"- perhaps that even though each appraisal report has an identified property type, (SFR, condo, etc) , there is one master umbrella form, thus making it easier to tranche loans together.

Even though appraisers fill out the UAD3.6 to produce a report as appraisers, with the trend toward inboarding non-appraisers into the process, the fact that the dynamic format can be cloud-based to allow anyone to use it might have been a consideration in the development. We want to use our software to make it easier to fill out, but wouldn't it also be able to be used without appraisal software? That is how BPO and similar programs work, they are filled out in real time from an online cloud or other internet source..

Basically, all that might be needed to adapt the dybmaic format to having non-appraisers prepare it is to remove a cert, put a check box of either appraiser or fancy title such as senior property analyst ( after a 2-day training course ), along with a mouse-type disclosure somewhere.