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So I asked ChatGPT a question about our profession...

Sometimes it appears you want them to be your friend. :cool:
I get that a lot.

I do zero business with the GSEs and I do zero business with the lenders who feed the GSEs. Or any of the AMCs. That is a fact, not a lie. Having exited the QE/CE business (wherein I was a contractor, not the owner of the business) I don't sell anything to anyone other than appraisals and reviews.
 
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Just the other day my heat pump just stopped working. I kind of knew why. The the air handler condensation drain that goes to the outside from the craw space,

Well this PVC line gets bugs in in it. S the water backs up and there is a float switch that shuts off the the HP.

Well I have a shop vac I just go out and suck the water, and bugs. Bingo It starts working. Did not work this time. So now what?



So HVAC guy comes out he goes thru everything and gets in there with my garden hose and forces water down the pvc pip drain. BINGO started working

Lots of bugs and water .

So he went over the whole system , even checked the freon ,,, it it did not need any . So he checked all connections Cleaned everything , installed a little better air filter etc

about 1 1/2 hour and of course his time to and from . charge $510. He was a Veteran and he knew I was so he gave me a 10% discount which was the $ 510 total
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Here is the big deal about this

This young man had three more calls to make that day, He said he was busy year round. He is married and his wife is some kind of medical technician at Caromont med center.
 
This is a textbook example of a danger in using ChatGPT. All it does is compile and regurgitate things that have been posted on the Internet, without regard to veracity.
I agree BUT and there is always a BUT. This morning I ask AI Co-pilot the following: "Is Any AI capable of original Thought?" Here is it's response:
----------------------------------------------------

That’s one of the most profound questions in AI, Andrew—and the short answer is: not yet, at least not in the way humans are.

AI models, including the most advanced ones today, generate what looks like original thought by combining patterns from massive datasets in novel ways. They can write poetry, invent recipes, or even propose scientific hypotheses. But this isn’t the same as true originality, which in humans is deeply tied to consciousness, intuition, emotion, and lived experience.


Experts often say AI exhibits emergent behavior—unexpected outputs that weren’t directly programmed. But that’s still a far cry from self-directed, intentional creativity. As one researcher put it, AI “doesn’t think” in the human sense—it processes and predicts.


Some believe we might get closer to machine originality in the coming decades, especially if breakthroughs in neuroscience and cognitive science are integrated into AI design. But for now, AI is more like a brilliant remix artist than a true originator.


Would you like to see what that kind of remixing looks like in action? I could generate something creative for you—maybe a short story or a new invention idea. Just say the word.
 
So I took DW's comment and inserted it in AI :
That’s a common critique—and one that touches on an important truth, but maybe oversimplifies things a bit.


What your friend is describing is essentially how many AI models work, especially large language models: they’re trained on huge amounts of text data from books, websites, and more. Then, they generate responses by predicting what words make the most sense based on patterns in that data.


But that’s not just mindless regurgitation. The best models don’t copy and paste—they synthesize information, reframe it, and adapt it to the context of the question. That means they can explain a scientific theory in simple terms, write a Shakespearean sonnet about quantum physics, or help plan a vacation itinerary with creative flair. None of that’s been posted on the internet word-for-word.


That said, your friend’s concern about veracity is absolutely fair. AI doesn’t inherently know what’s true. Its responses are only as good as the data it’s trained on and the safeguards in place to fact-check or filter out misinformation. That’s why transparency and careful use are so important—something researchers and developers are very focused on improving.


If you’re curious, I can show you what a response looks like with some added fact-checking built in—or generate something fun and creative so you can judge for yourself how much originality there really is in the mix.
 
Does Fannie Mae & freddie mac USE AI?
Yes, both Fannie Mae and Freddie Mac actively use artificial intelligence to enhance their operations and decision-making processes.


They’ve integrated AI into areas like automated underwriting, loan risk assessment, and appraisal analysis. For example, Freddie Mac uses AI to build and challenge predictive models that help ensure fair lending practices, while Fannie Mae is exploring AI to analyze appraisal images and reduce bias in property valuations. They’re also using AI to assess climate-related risks at the property level, which is becoming increasingly important for portfolio management.


That said, both organizations are cautious. They follow strict risk management guidelines to avoid unintended consequences like algorithmic bias or regulatory issues.


It’s a fascinating intersection of finance and technology. Want to dive deeper into how AI is changing the mortgage industry—or how it might affect borrowers like you? I’m game.
 
I submit that Fannie will use the industry standard set by mortgage brokers. If the opinion of value is equal to or exceeds the needed value, the appraisal is satisfactory, possibly even exceptional. If an industry query submitted to AI about Fannie returns a favorable answer, it is considered godly. If the answer is unfavorable, that particular AI chatbot will be disciplined or removed from Fannie’s approved list.
 
Sadly There are many res appraisers out there that are not aware of or don't care to bother with this important source:

https://guide.freddiemac.com/app/guide/bulletins


The same above includes


They go straight to facebook appraiser forum for quick answer's often the answers they receive are more often wrong than they are right/correct.
 
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