New URAR form - help wanted -

[Bobby Bucks]

I spoke with some people on Wall Street who buy mortgages which included representatives of hedge funds and private equity firms and they were all very concerned about the new "form" possibly leaving out kitchen disposal and window screens. I didn't know what to tell them. Rumor has it that for the last change for the March 2005 form there was quite a battle behind the scenes whether to omit those two critical items. I'm confident that in the spirit of tradition they will not remove these from the new "form".

 

[Tim Hicks (Texas)]

Respectfully, I think some of you are off to see the Wizard.

Seriously - My firm will acclimate to any modernizations and technological advancements without too much problem, but this isn’t going to be a breeze for anybody. Especially for a ton of our more elder appraisers who still use very old methods.

Makes me think about a local surveyor here, in his 80’s, who still hand scripts his surveys. Frankly he is still one of the best, but he would never be able to make the leap into a forced technology beyond his level of computer expertise. There are tons of appraisers who are in that same exact boat. I know appraisers who still use clipboards and tape measures, who rely upon their wives or daughters to type their reports. They are competent and solid in the business, but simply lack tech savvy skills.

For all the rest - Do not be fooled into a false assumption that these changes will not include some real challenges. If it was going to be simple, it would not have taken a decade to program, multi-millions of tech investment dollars, and a couple of years to fully implement once started.

Take a class. Watch webinars. Take the time to learn and prepare. This doesn’t change the fundamentals, but it’s going to blow away the current process of communicating and reporting in my view.

Yawn!

I see 20-30 something appraisers that were trained by their Daddy MAIs that can't measure a house correctly or get the physical characteristics correct on their reports.

All the new form is doing is streamlining the process so the feckless appraisers will not have 11 pages of addenda with crap and useless nonsense most of which would fit on the current form anyway. Give them time, they will work the worthless generic minutia back into the new form.

If you know how to appraise, you will know how to learn and use the new form. It is possible to have the ability to learn new things without a class or seminar.

Fernando will just come here and ask how to do it and still do it his way.

 

[J Grant]

Yawn!

I see 20-30 something appraisers that were trained by their Daddy MAIs that can't measure a house correctly or get the physical characteristics correct on their reports.

All the new form is doing is streamlining the process so the feckless appraisers will not have 11 pages of addenda with crap and useless nonsense most of which would fit on the current form anyway. Give them time, they will work the worthless generic minutia back into the new form.

If you know how to appraise, you will know how to learn and use the new form. It is possible to have the ability to learn new things without a class or seminar.

Fernando will just come here and ask how to do it and still do it his way.

Perhaps you have not vieweed the new "form" if you believe it is streamlining the process - ( they don't; even like to call it a form) - it makes the process cumbersome and more detailed almost like a home inspection with things asked for like measuring a porch and elevation of a foyer level from the porch and ceiling height of rooms or level and HERS rating of an appliance and then asking for addendum comments inserted into various segments _ I bet the lenders hate it as much as we do - there are drop down menus the appraiser has to pull down depending on a property type, (or whether you inspected the subject or a thrid party inepcted it ) and so on.

The software companies are dead silent - I wonder if they are capable of adapting it to their programming.

 

[Fernando]

MAIs are known to stack their reports with meticulous pages. Bigger the report, higher the fee.
Those who know Fernando knows he likes to get to the point.
He avoids addenda if possible in his reports.
The new form may be developed by MAIs to put the details of the subject in a known format.
Some information best left in work file since our reports should be a summary report.

 

[djd09]

they are just trying to sell more snake oil...f that form, right maxine and marcia?

 

[J Grant]

AI Overview


+2

While the new UAD 3.6 standards don't explicitly mandate the use of a mobile app, it's highly recommended and becoming increasingly necessary for efficient data collection. The expanded data points and dynamic requirements of UAD 3.6 make using mobile technology, like tablets or mobile data collection software, essential for appraisers to avoid missing information and ensure accuracy.

Elaboration:

• Increased Data Points:
  UAD 3.6 significantly expands the number of data points required in appraisal reports.
  
  
• Dynamic Requirements:
  Many requirements are dynamic, meaning they depend on other data points already entered, making it difficult to manage on paper.
  
  
• Mobile Technology Benefits:
  Mobile apps like TOTAL for Mobile offer features like prompts based on previous entries, real-time sketching, photo capture, and digital note-taking, streamlining the inspection process.
  
  
• Efficiency and Accuracy:
  Using mobile technology helps appraisers avoid missed data points and ensures they collect all required information, minimizing the need for extra trips to the property.
  
  
• Not Mandatory, but Recommended:
  While not a formal requirement, the complexity of UAD 3.6 makes it very difficult to manage effectively without mobile technology.
  
  
• Desktop Options Exist:
  There will be desktop software options available, but the nature of the new UAD (dynamic forms and photos) makes electronic inspection with mobile devices significantly more efficient.
  
  
• Learning Mobile Tools Now:

 

[J Grant]

I don't use a mobile app and I fail to see how it saves time - whether one takes notes and types it in the office on a desktop or laptop or types it in the field on a mobile app, there still is a ton more data and detail that will be required.

 

[J Grant]

UAD 3.6 Focus: APN Size

Did you drive the comps? The new URAR has a spot in the Data Sources for that. Watch this quick video to see what that looks like. Have a suggestion for a Tech Tip orcomment on this feature?Give us some feedback and let us know.

blogs.alamode.com

 

[djd09]

notice no one is telling these appraisers the ship has sailed...

 

[Fernando]

AI Overview


+2

While the new UAD 3.6 standards don't explicitly mandate the use of a mobile app, it's highly recommended and becoming increasingly necessary for efficient data collection. The expanded data points and dynamic requirements of UAD 3.6 make using mobile technology, like tablets or mobile data collection software, essential for appraisers to avoid missing information and ensure accuracy.

Elaboration:

• Increased Data Points:
  UAD 3.6 significantly expands the number of data points required in appraisal reports.
  
  
• Dynamic Requirements:
  Many requirements are dynamic, meaning they depend on other data points already entered, making it difficult to manage on paper.
  
  
• Mobile Technology Benefits:
  Mobile apps like TOTAL for Mobile offer features like prompts based on previous entries, real-time sketching, photo capture, and digital note-taking, streamlining the inspection process.
  
  
• Efficiency and Accuracy:
  Using mobile technology helps appraisers avoid missed data points and ensures they collect all required information, minimizing the need for extra trips to the property.
  
  
• Not Mandatory, but Recommended:
  While not a formal requirement, the complexity of UAD 3.6 makes it very difficult to manage effectively without mobile technology.
  
  
• Desktop Options Exist:
  There will be desktop software options available, but the nature of the new UAD (dynamic forms and photos) makes electronic inspection with mobile devices significantly more efficient.
  
  
• Learning Mobile Tools Now:

Why not have a checklist like the one for FHA.
Though I don't carry that checklist...
Just wing it.