New URAR

[Mejappz]

The others will soon follow or become just non GSEs providers providing forms and software for non lending assignments. Most won't even survive much longer as the market is shrinking .

The GSEs are not concerned about how the report is **input**. Their primary focus is on the **output**. This is why, during webinars sponsored by the GSEs, if someone asks how to input a specific section, they often respond that they don't know, as each software company has its own programming approach. As far as the GSEs are concerned, you could complete the report on a DOS computer, as long as it produces the required XML format.

 

[glenn walker]

The GSEs are not concerned about how the report is **input**. Their primary focus is on the **output**. This is why, during webinars sponsored by the GSEs, if someone asks how to input a specific section, they often respond that they don't know, as each software company has its own programming approach. As far as the GSEs are concerned, you could complete the report on a DOS computer, as long as it produces the required XML format.

You obviously know very little about software or technology.

 

[Mejappz]

You obviously know very little about software or technology.

Daddy Gump, you've made statements in this thread that are not accurate. Could you provide a citation for your claim that "every software provider for GSE reports is planning to go fully cloud-based in the next year or two"?

 

[glenn walker]

Daddy Gump, you've made statements in this thread that are not accurate. Could you provide a citation for your claim that "every software provider for GSE reports is planning to go fully cloud-based in the next year or two"?

I didn't say all-- I said the ones that don't will either go to providing traditional Non Lender Form based not UAD XMl based product's. Why ? There are only about four of the larger providers left and all fighting over a shrinking market share.

One of the last providers is owner operated for over 38 years and he's in his seventies and no buyers. The constant changes the GSEs make are detrimental to the small providers.

 

[Alsie35]

I didn't say all-- I said the ones that don't will either go to providing traditional Non Lender Form based not UAD XMl based product's. Why ? There are only about four of the larger providers left and all fighting over a shrinking market share.

One of the last providers is owner operated for over 38 years and he's in his seventies and no buyers. The constant changes the GSEs make are detrimental to the small providers.

I thought Alamode had the #1 market share?

 

[glenn walker]

Alamode #1 Bradford#2-- Alamode sold to Core Logic..the other's are small operations. Alamode was smart selling while he had a buyer. I'm sure Bradford would sell if there was a good buyer, but it's not a growing business.

 

[Tom D]

I think it's heading towards fannie having it's own cloud appraisal program, they will buy the one left standing. Or corelogic will buy fannie. After all, fannie has all the info already in it's base. Property inspector and/or appraiser go in and fil it out. Maybe that's why they have a mini home inspection now in the uad3. That is, if they really need the appraiser anymore. Well, may a few of use to fine tune the machine.

I said this was the purpose at the beginning of CU. At least it took long enough for me not to care, or need, it any more. If fannie splits into parcels, we may have different fannie areas, then we see what happens to us. Who thinks what protects their investments better. Or it will destroy the economy.

 

[J Grant]

The new URAR is the old URAR made more complex and cumbersome. Instead of form numbers, it has drop-down sections appropriate to each property type. How well that functions is unknown. . I assume the report can still be printed out.

The new URAR adds lots of inspection detail, much of it not relevant to value and the sum total of it will add substantially to time at site and in writing the report. If one piece of detail is missing and an appraiser has to go back to the property or chase down the info, it can add days or weeks to the turn time.

 

[Terrel L. Shields]

it's not a growing business.

It has declined by almost half. The vendors had an option to provide specialized software such as agri forms or create commercial narrative forms as stand-alone products. They chose not to. The GPAR forms are weak. They can now only hope to sell inspection products and maybe the new property inspectors can become new clients where those forms can load from their inspection into the appraisers' forms. That would require the providers to cooperate and create a platform that works for all software.

 

[Mejappz]

I assume the report can still be printed out.

You can still print the PDF, but the report will be delivered to the client as a zip file. There will be no more addenda or PDF insertions into the main report.