UAD 3.6

[Tom D]

THE BIG RUMOR is there has been talk about eliminating selling traditional software on yearly renewals and simply going to a Cloud Pay Per use fees of $25-$30 Pay per Report.

Positively. However, when you start adding up all the montly fees needed to do 1 appraisal, we are going backwards in getting our income to be reasonable. And also remember, are you getting the full fee, or just a value fee part. That bi-** put you at about $50 a report for your efforts, after everybody else got the other $200 part of your total $250 fee. If your lucky to get that much.

And from a $500 fee, you will be getting $300 after all the fees are calculated. Great, sounds like my 1990 fee, oh wait, take into account inflation. Economically, this model will be dead for most appraisers. And i have looked at the form. I ain't seeing no extra aggravation fee for it.

They have finally got the bomb to kill the walking dead appraisers.

 

[J Grant]

I doubt it will go to cloud-based. That means an inability to save drop-down comments to insert, which would make each appraisal take forever. Plus lenders have to receive it in a format they can print and share etc.

 

[Tom D]

Never doubt the idiot savants who come up with nonsense, then more nonsense, to prove themselves more better.

 

[Digger88]

Why are people taking a class for it. It's just a form to fill out right?

 

[djd09]

appraisers should create their own forms...that is the definition of independent

 

[glenn walker]

Curios as to how many appraisals a month you do?

I can’t imagine a per report fee model being sustainable for the providers.

The providers will be the Lenders and or GSEs. There is nobody looking to get into the appraiser software business. The biggest sold to Core Logic a few years back and the second largest provider's owner is getting to retirement age and family doesn't want it and who do you sell it to ? One of the lowest cost left is a three man operation and the owner's in his later years.

Like the appraisers the few providers left haven't been able to raise yearly subscription fees to keep up with inflation and increased labor cost to pay their software engineers and tech's.

Their sales teams work virtually from home and so do many tech service people. There's no more places to cut costs. There after inflation fees are matching appraisers, going down.

 

[Fernando]

We peasants can complain at best, but revolting is a question of bravery, or lack thereof.

I personally will choose hari kari, as an honorable way to protest. Or, maybe just retirement with a new profession as a money hobby. Which i have already started. Have gone past retirement a while ago.

The terrible changes keep pushing me to retire early. Terrible.

 

[J Grant]

The providers will be the Lenders and or GSEs. There is nobody looking to get into the appraiser software business. The biggest sold to Core Logic a few years back and the second largest provider's owner is getting to retirement age and family doesn't want it and who do you sell it to ? One of the lowest cost left is a three man operation and the owner's in his later years.

Like the appraisers the few providers left haven't been able to raise yearly subscription fees to keep up with inflation and increased labor cost to pay their software engineers and tech's.

Their sales teams work virtually from home and so do many tech service people. There's no more places to cut costs. There after inflation fees are matching appraisers, going down.

I assume for a mega company like Core Logic ( now called Cotality), the appraisal software is a minor part of their holdings. As long as it breaks even or returns a small profit, that is probably all they want. It's about control - owning the software means they have access via vault storage of every appraisal we have ever done! How good is that ? And they can have divisions of the software for cloud BPO opinion and the like.

These companies want to control the process all along the food chain - the buying, the selling, the lending, and the data ( they purchased MLS ) and now the valuation. The GSE's go where the $ are. The appraiser is an expendable pawn- maybe they will leave us with a sliver of the market and a token amount of "independence" that they can trot out for show, in case the regulatory hammer comes down.

 

[Mejappz]

I doubt it will go to cloud-based

I've heard similar opinions. Web-based software tends to struggle with the new form design and functionality, as it is mainly limited to generating reports and performing simple tasks. In contrast, desktop applications can handle more performance-intensive tasks, such as the new UAD. Providers that rely solely on web-based solutions are likely to face the most challenges.

 

[Alsie35]

I've heard similar opinions. Web-based software tends to struggle with the new form design and functionality, as it is mainly limited to generating reports and performing simple tasks. In contrast, desktop applications can handle more performance-intensive tasks, such as the new UAD. Providers that rely solely on web-based solutions are likely to face the most challenges.

Y'all might be mistaken. I believe that ALL of them are going fully "cloud" for generating reports. At least ACI and Click Forms are that I know for sure.

Now you will be able to download and save your work, but ... working on it will require being on the internet ...