New URAR

[Terrel L. Shields]

would be revised to auto-populate as many fields of the forthcoming appraisal format as appropriate...maybe already being done???

And then spend 2 hours correcting the errors while the program attempts to override your edits...and gives you warnings that lock the program.

 

[ZZGAMAZZ]

And then spend 2 hours correcting the errors while the program attempts to override your edits...and gives you warnings that lock the program.

Not sure if it is apples to apples, but my current reports that link MLS and Realist with ACI using Spark are an estimated 90% accurate. Reminds me to ask: should comp prior 12 month transfer history include non arms-length transfers like interspousal transfers? Sorry to digress..

 

[glenn walker]

I think you come off as very lovable ! Why not you ....enjoy.

She's 15 years old....lmao

 

[Alsie35]

Reading through this thread, I noticed some saying they’ll wait until the bugs are worked out before they begin the process of training.

I think that will depend on your clients. Initially, some lenders and AMCs will be allowed to use “either the old or the new” starting in September. I will make a prediction, that the majority will require the new URAR over the old format when given an option earlier than the drop dead date in 2026.

Some lenders are already saying as much. Less confusion and less costly on their side to require only one format instead of allowing multiples.

Then I will be "required" to tell them to "sod off" (as the Brits would say). Seriously ... if they do that, how long do you think before they start crying "uncle" as the entire system bogs down? Oh Lord help them if % rates come down just in time for this abomination.

I am still betting on some delay to full implementation til some time in 2027.

 

[J Grant]

Not sure if it is apples to apples, but my current reports that link MLS and Realist with ACI using Spark are an estimated 90% accurate. Reminds me to ask: should comp prior 12 month transfer history include non arms-length transfers like interspousal transfers? Sorry to digress..

yes inlcude all transfers even it stupid

 

[ZZGAMAZZ]

Then I will be "required" to tell them to "sod off" (as the Brits would say). Seriously ... if they do that, how long do you think before they start crying "uncle" as the entire system bogs down? Oh Lord help them if % rates come down just in time for this abomination.

I am still betting on some delay to full implementation til some time in 2027.

Riding with a friend recently who said "we* something or other but i wasnt paying attention. I been watching so many British gangster flicks recently on my Roku TV that I thought she was referring to a unit of distance, like "... walking a wee bit down the lane." [Watching so many those damn gangster movies on TV because appraisal bizz is slack... a UPS van pulled in to double park behind me to make a quick delivery... and I panicked thinking it was a hit contract...]

 

[Terrel L. Shields]

but my current reports that link MLS and Realist with ACI using Spark are an estimated 90% accurate.

It can be 90% accurate or even 100% accurate transferring the data on the assessor's field card but that assumes the assessor's field card is 100% accurate.

I've seen dozens of errors lately. No AC shown as central heat and air, tile called out as vinyl, a metal frame barndominium called wood frame, and numerous houses shown as "shingle" had been reroofed with metal. Sheds long gone still showing on the APC. And our field cards don't specify a lot of things - sewer vs septic, well vs city water, etc.

 

[ZZGAMAZZ]

It can be 90% accurate or even 100% accurate transferring the data on the assessor's field card but that assumes the assessor's field card is 100% accurate.

I've seen dozens of errors lately. No AC shown as central heat and air, tile called out as vinyl, a metal frame barndominium called wood frame, and numerous houses shown as "shingle" had been reroofed with metal. Sheds long gone still showing on the APC. And our field cards don't specify a lot of things - sewer vs septic, well vs city water, etc.

One thing for sure is that I always presume that most everything in a MLS listing is lifted from public records without any independent research, but still dont understand how a realtor is permitted to disclaim responsibility for any facts in the listing, or how the realtor would allow their credibility to be impinged by the typical disclaimer verbiage.

 

[Terrel L. Shields]

dont understand how a realtor is permitted to disclaim responsibility for any facts in the listing

The same way we disclaim all the legal issues away in our certs. They get their info second hand. The seller, the public records and it is fraught with the same weakness - accuracy.

 

[djd09]

in one hand they are quasi appraisal law makers...and in the other competitors...it is worse then a rigged poker game