New URAR Demo

[RCA]

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?

 

[Non Sequitur]

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.

I agree.

 

[Tom D]

I started to look at the Alamode learning form. This was my conclusion:
1) I don’t see how you can make templates for various areas.
2) You have to store comments normally used in templates in separate fields to put in the report. Therefore, you must always go through this process of adding those comments to the report. That will definitely slow things down. For example I have a canned statement when doing residential properties zoned residential that as vacant it’s the highest and best use. Only change it IF there is a mixed use or other type of zoning. Now I have to specifically enter it for every single appraisal. Time waste. When you add all the places this will be necessary, it’s just going to be tedious.
3) Much much more pages to go through. It’s just tiring going through all the pull downs. I got through the first 3 or 4 pages and I just had a headache.
4) You will absolutely need a data collector in the field that can sync with your desktop program. I already do this with alamode.

1 & 2. You can make a somewhat overall template, and there will be a quick list from total for each comment. That being said:
3. You said headache. I repeat constantly, slow motion tedious pages data input. The brain will be worn out before you get to the market grid. And look at the new info you need for the comps to input.

This form is a transition from appraising to data imputers, for the future super AI avm. I may hang around if i can get my direct lenders up to at least $750. But seems to me that $5-600 seemed to be the ceiling for most lenders.

The first 1004, i could do 12 appraisal a week. Now with this new one, i bet most here will be happy to get 5 done a week, maybe 6-7. The rest may retire, or are past that age now like me.
So now back dabbling in my past life as a flipper, too boring being 100% retired.

 

[J Grant]

I really hope the clunkiness is the results of it still being in the testing phase.

I think it is baked into the product. What they call a dynamic format means it must be filled in anew each time as multiple drop-down fields, regardless of a template or saved comments.

 

[DWiley]

What they call a dynamic format means it must be filled in anew each time as multiple drop-down fields, regardless of a template or saved comments.

That is simply not true. It may be the way a particular software is implementing the UAD 3.6, but there is nothing about the UAD 3.6 itself that imposes such a restriction. I know this because I have created templates with prefilled responses myself. and, though I view that as a terrible practice, I have even cloned an entire report as a way to start a new report.

 

[J Grant]

That is simply not true. It may be the way a particular software is implementing the UAD 3.6, but there is nothing about the UAD 3.6 itself that imposes such a restriction. I know this because I have created templates with prefilled responses myself. and, though I view that as a terrible practice, I have even cloned an entire report as a way to start a new report.

Have you done an appraisal using it from start to finish?

If there are drop-down sections, one following the other according to property type, then it seems that they must be filled out as they appear, despite there being a template or cloned report?

I can not picture how someone can clone a report and avoid filling out the drop-down sections in real time.

 

[DWiley]

Have you done an appraisal using it from start to finish?

If there are drop-down sections, one following the other according to property type, then it seems that they must be filled out as they appear, despite there being a template or cloned report?

I can not picture how someone can clone a report and avoid filling out the drop-down sections in real time.

Yes, I have.

Cloning works just as it does today, except instead of verifying you have the right checkbox and/or UAD entry on the new report, you have to make sure you have the right drop down selection (which is why I think it is terrible practice).

 

[J Grant]

Yes, I have.

Cloning works just as it does today, except instead of verifying you have the right checkbox and/or UAD entry on the new report, you have to make sure you have the right drop down selection (which is why I think it is terrible practice).

To be clear, if you clone a report, then you STILL have to fill in the drop-down sections - (not just make sure you have the right drop-down section )

I personally do not clone reports anymore -I used to some years back but found it was too easy to make an error - a template works better.

 

[Non Sequitur]

I haven't tried cloning or templates yet, but DWiley is the only person claiming both are possible. The actual question should be. "Does "possible" translate into a workable system for field appraisers?" My guess is no based on what actual field appraisers are saying.

 

[J Grant]

I haven't tried cloning or templates yet, but DWiley is the only person claiming both are possible. The actual question should be. "Does "possible" translate into a workable system for field appraisers?" My guess is no based on what actual field appraisers are saying.

I can go along with his claims, but even with that, it seems that the appraiser still must fill out each drop-down section in real time- wish I could get a straight answer on that .

Even if the software companies manage to provide the ability to make a template or paste-in comments, the myriad additional fields of data, photos, details noted at inspection, plus the dynamic drop-sections, indicate substantially more time to be spent on each appraisal.