Why pay for 3,6 software

[Vermonter]

I draw a line at giving my client contact information to my direct competitors,

If you do GSE work then you've been sharing information to your direct competitors since 2.6 whether you think so or not. You're just sharing WAY more of it now with 3.6

Use Regorra for free to make some money until the well dries up is the way I see it.

This is pretty much my plan. Not gonna pay alamode to ride a sinking ship.

Too many here seem to think everything will go back to normal if we just hold hands and chant appraisal independence slogans.

 

[Tom D]

Too many here seem to think everything will go back to normal if we just hold hands and chant appraisal independence slogans.

Yes, holding hands as we go over the cliff. Most sales prices are pretty much accurate. I think we were always used to prevent over pricing theft, or lending. We were like the great wall for preventing rampant mort fraud.

 

[Vermonter]

I think we were always used to prevent over pricing theft, or lending. We were like the great wall for preventing rampant mort fraud.

We were at one time, but that hasn't been the case for a long time. The world rolls on

 

[Airstream]

An interesting survey would be to explore how many purchases, new construction, or refinances have been prevented by appraisals coming in below what is needed? This past year I did two for sure (and I am only part-time). I never like doing it. But in both cases the numbers just didn’t come close.

As to the original impetus of this thread. I am always hesitant about “free.” First rule of economics is no such thing as a free lunch. I would like to know what the hitch is. Call me skeptical if you will.

 

[Cob]

Not to defend Regorra but those I think those are the fees lenders are passing through (which is BS). I think it's fine for Reggora and Appraisal Port to get a cut for bypassing the crappy AMCs.

Regorra doesn't set the fee, the lender does, I have different clients that use Regorra, the fees are all different.

 

[TerryRohrer]

Cotality split from Core Logic in new large data collection and analytics including AI enhanced products.

They didn't directly take the AMC with them but sell them data and other products. Finally Total is part of the data mining and that's fine.

Your data has no value to you anyway and you have no market to sell it to. If you like Total stay with it.

Care to find a single source supporting that conjecture? There was no split of Core Logic and there was no AMC existing at Core Logic when they rebranded to Cotality. You and Zoe and ZZZ need to quit drinking from the same bottle.

 

[TerryRohrer]

An interesting survey would be to explore how many purchases, new construction, or refinances have been prevented by appraisals coming in below what is needed? This past year I did two for sure (and I am only part-time). I never like doing it. But in both cases the numbers just didn’t come close.

As to the original impetus of this thread. I am always hesitant about “free.” First rule of economics is no such thing as a free lunch. I would like to know what the hitch is. Call me skeptical if you will.

My guess is that since the outset of Covid, it hasn't mattered much. They simply order another appraisal.