New URAR Demo

[J Grant]

I just paid for an inspection on one of the duplexes; the fee was $600.00.

Was that a home inspection?

 

[Non Sequitur]

But I do have to comment about one thing: The standard line from the FANNIE members at their UAD 3.6 introduction slide shows all over the country this year goes like this:

"We did not spend 8 years developing this new system for appraisers to get rid of appraisers."

Sounds nice, but its disingenuous. If you gave these guys Sodium Pentathol and then asked them again, I suspect the real answer would be closer to something like this:

"Traditional appraisers are dying out anyway, plus they are unwilling to learn and to keep up, so we're gonna 'help them out the door' with this onerous '3.6 Abomination' - and then we are gonna redefine not only what an appraisal is, but what an APPRAISER is. Probably no one will ever be able to make a real good living as an independent appraiser again, but hey - we'll keep our govt sinecures*."

After that - comes the "Time of the Appraising/DataCollecting Flying Monkeys", with the appraisal process being parceled out and most everyone "working for peanuts".

As I said, its their game, their rules, and I have choices too. That's life. (But I don't have to turn around and say "thanks - may I have another?" either. )

*Sinecures /sī′nĭ-kyoo͝r″, sĭn′ĭ-/

Plural form of sinecure

noun

1. A position or office that requires little or no work but provides a salary.

x10.

 

[Charles West]

Was that a home inspection?

Yes. I thought that would be a natural progression for an appraiser to move into.

 

[TC]

"We did not spend 8 years developing this new system for appraisers to get rid of appraisers."


[/LIST]

And monkeys just flew out of my butt.

 

[RCA]

If you really want to know what they are probably doing is getting a value from an AVM, then using some system to push that value up or down based on the inspection report, including photos. --- When they are allowed to use an AVM. They actually have AVMs that have a scale you can push left or right for quality/condition. It doesn't work for all homes. But probably as good as many appraisers.

 

[DWiley]

If you gave these guys Sodium Pentathol and then asked them again, I suspect the real answer would be closer to something like this...

The real answer is really quite simple. The UAD was redesigned because that redesign was long overdue. If there is an important issue with the home (a needed repair or a special feature) the reader generally has to go on a scavenger hunt to find the information in the report, because it could be anywhere, and that is just silly given today's technology.

I find the "eliminate appraisers" conspiracy theories are quite interesting, especially given the history of appraisers. Did appraisers switch to forms software to create reports because of some appraiser conspiracy to put typists and forms and worms out of business? Did appraisers switch to digital photography because of some conspiracy to put one-hour photo shops out of business? Or, was all that just a result of evolving technology?

 

[J Grant]

The real answer is really quite simple. The UAD was redesigned because that redesign was long overdue. If there is an important issue with the home (a needed repair or a special feature) the reader generally has to go on a scavenger hunt to find the information in the report, because it could be anywhere, and that is just silly given today's technology.

I find the "eliminate appraisers" conspiracy theories are quite interesting, especially given the history of appraisers. Did appraisers switch to forms software to create reports because of some appraiser conspiracy to put typists and forms and worms out of business? Did appraisers switch to digital photography because of some conspiracy to put one-hour photo shops out of business? Or, was all that just a result of evolving technology?

Digital photographs and forms software are products. The technology created a better product. Digi photos are not just used for appraisal, this is a tech change that everyone used, and while one hour photoshops were out of business, a myraid of consumer-oriented businesses and products replaced it. The clerks at One hour photo shops were nto licensed professionals with years and a licneses aysivusne

Appraising is a profession. The problem is not so much that this format change as the added detail to the inspection, much of it minute/for another function ( such as the front door elevation is a flood survey function ). The GSE decision over recent years has eliminated the professional role of the appraiser - idk if it is a conspiracy so much as a policy decision they know results in res license appraisers being put out of business or having a reduced income from less volume. The appraisers are replaced on the inspection portion with a PDC collection, and the appraisal is replaced as a product with value acceptance/WAIVER.

 

[DWiley]

- idk if it is a conspiracy so much as a policy decision they know results in res license appraisers being put out of business or having a reduced income from less volume.

And, when you switched to digital photography, did you not know that would affect those employed at the photo shop? But you did it anyway, because digital photography met your need in a more efficient way. It was a business decision - nothing personal. Of course, it sure seemed personal to the photo shop people who lost their job (or had to change jobs).

 

[Essexfenwick]

And, when you switched to digital photography, did you not know that would affect those employed at the photo shop? But you did it anyway, because digital photography met your need in a more efficient way. It was a business decision - nothing personal. Of course, it sure seemed personal to the photo shop people who lost their job (or had to change jobs).

I knew it and it made me sad. I had an immigrant who processed photos at his house picked up and delivered. When I told him he was very sad.

I hated internet technology from the beginning and sensed that everything going forward was damaging to healthy existence. As the population becomes mentally, physically and immunity on a downward slope and fertility plummets.... once again I was right about everything.

It's a blessing and a curse having this insight.

 

[Essexfenwick]

Feel bad for all the appraisers who just want stability.