Poll - How Likely Are You To Retire Before Implementation Of The Uad 3.6 Abomination?

[gregb]

This video has been floating around locally.

 

[George Hatch]

I call "BS". (Is there something in the water in SoCAL that's making geezer appraisers out there act like "Abomination Cheerleaders"?!? Enquiring minds want to know!)

In other news, as more appraisers actually look into the "3.6 Abomination", the poll now stands at:

RETIREMENT (aka "** 3.6 Abomination") - 58.6%

"3.6 ABOMINATION" - 41.4%

(About now the usual suspects are having the "lights" above their heads slowly turning on:

'Hey, this may actually CRATER the mortgage lending because, even with the "Alternate Valuation Dreck" we have shoveled into the market, there STILL won't be nearly enough REAL APPRAISERS to handle "The Abomination"! )

Worst case scenario for "mortgage lending" is the GSEs postponing the drop dead date. Which they can do with the stroke of the pen. They're not going to cede that business to the non-GSE lenders just because the appraisalware vendors are unprepared.

But, perhaps you think otherwise.

 

[Non Sequitur]

This video has been floating around locally.

I posted the registration link in another thread and watched it live. Honestly, it was clumsy because it isn't street ready yet and the mobile side is even further behind. But it does give you a good idea of where this is headed; If you aren't neck deep into a.i. photo recognition, a.i. adjustments and charts, a.i. comp auto fill, etc. 3.6 is going to be painful. Very painful.

 

[Alsie35]

Kina'. If I were still on that side, I would look at when the loans are scheduled to close. Anything with the potential to slip outside of the Nov 2 deadline would be ordered as a 3.6. And any proposed or new construction I would order 3.6 around 90 days out from the deadline.

....aaaaaand find NO TAKERS? It WILL happen.

 

[Non Sequitur]

....aaaaaand find NO TAKERS? It WILL happen.

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I believe it will be a problem for local lenders, and the people on that side I keep in touch with believe the same. But national lenders will chug along, especially the ones who are serviced by AMCs with staff and national staff firms. Those players are hoping to gain market share when 3.6 kicks in, and they will complete them at the same fees.

 

[J Grant]

This video has been floating around locally.

How many days will it take me to watch it?

 

[Bobby Bucks]

How many days will it take me to watch it?

The resident 3.6 officials and their cult followers have stated it only takes 30 minutes to watch the video, based on what I have deduced from their previous 3.6 statements I would count on it taking a minimum of 2 hours to watch.

 

[glenn walker]

The launch has already started my friend.

I mean the real launch because right now the old UAD is still being used by many lenders.

 

[Bobby Bucks]

I posted the registration link in another thread and watched it live. Honestly, it was clumsy because it isn't street ready yet and the mobile side is even further behind. But it does give you a good idea of where this is headed; If you aren't neck deep into a.i. photo recognition, a.i. adjustments and charts, a.i. comp auto fill, etc. 3.6 is going to be painful. Very painful.

My "to do" list includes asking one of the tech people at SFREP a couple of questions about the 3.6 Abomination. The good and bad, SFREP is so good that I rarely ever call for tech support, sometimes I go a few years between calls. The good part is they treat their techs well and some of them have been there several years, they are polite and very competent and I'm sure they will be completely honest in what they say and don't say about 3.6.

 

[alebrewer]

I mean the real launch because right now the old UAD is still being used by many lenders.

That's correct. We are in the 'real' launch now, though. Live 3.6 appraisals are being ordered - and submitted. The hard deadline for submission of 2.6, however, is 11/1. Not 2027. And - to NS's point - most lenders will probably transition to 'only' 3.6 WELL before the 11/1 deadline.