UAD 3.6 discussion

[Tom D]

Sadie, you're a tougher man than me. Just the first few pages were too painful. After i take the 7 hour class i hope i can be as helpful as your posts

Have you started a template. I kinda have, but i gotta take the class to numb me.

My opinion is $750-1,000 to do one. But we may be at a price ceining now. I've started going back to a previous fix/flip life. Maybe appraising a couple day a week to stay in the market.

 

[mp2277]

So who have you been letting define that up to now?

One would think we could accomplish that LOL

 

[Sadie]

Sadie, you're a tougher man than me. Just the first few pages were too painful. After i take the 7 hour class i hope i can be as helpful as your posts

Have you started a template. I kinda have, but i gotta take the class to numb me.

My opinion is $750-1,000 to do one. But we may be at a price ceining now. I've started going back to a previous fix/flip life. Maybe appraising a couple day a week to stay in the market.

No template available so far. Many of the difficulties are due to the software, It is so frustrating. My theory is that by starting now, by the time its fully implemented, the learning curve won't be bad. And i sincerely hope the software companies listen to the beta testers and realize if they don't make a usable product, then they will lose their appraiser clients.

 

[Alsie35]

I still believe that the % of appraisers who will retire rather than deal with this Abomination is gonna be significantly more than the rosy, optimistic estimates, given at the Fannie classes. And how that will affect the real estate markets ... well, you can guess. Its not good. The "gap" between the doing away with the real appraisals and the full implementation of the "Flying Monkeys filled out Abomination" is gonna be UGLY. Tick, tick, tick.

 

[Fernando]

FNMA thinks that if you run a regression analysis for your adjustments with **** data that it is far superior to you using 20 years experience in appraising to come up with an adjustment.

Tell me about it.
I thought today the reviewer was going to ask me to justify my adjustments.
Hard to quantify my 20+ years experience.

 

[sputnam]

Tell me about it.
I thought today the reviewer was going to ask me to justify my adjustments.
Hard to quantify my 20+ years experience.

The appraiser's experience is not a valid source for adjustments. Please, spend some time studying or retire.

 

[J Grant]

No template available so far. Many of the difficulties are due to the software. It is so frustrating. My theory is that by starting now, by the time its fully implemented, the learning curve won't be bad. And i sincerely hope the software companies listen to the beta testers and realize if they don't make a usable product, then they will lose their appraiser clients.

I believe we are supposed to create a template - fill out one for each property type, then clone it for a new assignment and fill out the new information on each dropdown screen on the template, which has saved whatever checkboxes or comments you entered in it. Which means still dealing with drop-down screens on each assignment - which is what makes it a "dynamic format" and PITA.

The software companies have been working hard on it - but if the intrinsics format won't allow certain things, they can not change that - just my perspective.

 

[Zoe]

Hi, can anyone share what do you think about about new UAD 3.6 appraisal form? Thanks!

Hi, I am only one that liked your post.

Interesting.

I'll help you.

This is one that went before Congress and shares diabetes with me.

@DWiley

 

[Zoe]

BTW, you do good posts. I am not so good sometimes. LOL

 

[Tom D]

As i see it, it's not the 1004 form that we will see anymore. It's the order of questions asked, that order not necessariy following the 1004 order we are used to. And not 1 URAR page on a screen. Page after page of checkboxes.

There is no clone button, but easy enough to make a template. But not sure how much can be templated.