Why pay for 3,6 software

[glenn walker]

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What data are they stealing ?

 

[Non Sequitur]

What data are they stealing ?

As far as what data they are stealing, it depends on what your definition of stealing is. Technically, if you use their software you’re giving them permission to use every letter of data you process through it.

If anyone is denying they aren’t reading the cross on every t and the dot above every i, they are living in fantasy land. And that includes your client contact information. Regorra owns an AMC, and are your competition. The same with True Footage and their supposed free software, they employ hundreds of staff appraisers and are your competitor. Fact is this business is too competitive for them not to look, and not to leverage that information to their benefit.

You are giving them data beyond physical features of the subject, and that includes assignment volume and client contact information. That data in other industries is treated as an asset and guarded as top secret.

TOTAL isn’t perfect, but they aren’t my competition.

 

[Non Sequitur]

Another point. For those not paying attention, the MLS co-op system is under attack and may look very different sooner than later. But before any of that happens consider how many MLS systems remove photos after the sale and how many off market/exclusive listings sell. If you use Rogorra or True Footage 3.6 software, they will not only have all of the physical data but photos of every room to build their databases. Remember, the 3.6 file folder includes a separate zip folder of every photo and image in your report. If you don’t think that is worth something, again you’re not paying attention.

 

[glenn walker]

As far as what data they are stealing, it depends on what your definition of stealing is. Technically, if you use their software you’re giving them permission to use every letter of data you process through it.

If anyone is denying they aren’t reading the cross on every t and the dot above every i, they are living in fantasy land. And that includes your client contact information. Regorra owns an AMC, and are your competition. The same with True Footage and their supposed free software, they employ hundreds of staff appraisers and are your competitor. Fact is this business is too competitive for them not to look, and not to leverage that information to their benefit.

You are giving them data beyond physical features of the subject, and that includes assignment volume and client contact information. That data in other industries is treated as an asset and guarded as top secret.

TOTAL isn’t perfect, but they aren’t my competition.

Total is Alamode-Cotality and Cotality is one of the largest AMCs and sells or gives data to their title company partners and their AMC last time I checked.

Your purchase of Total is supporting two so called evils, data mining and helping them expand their AMC.

What am I missing in this Total/Cotality partnership and their data mining operations

 

[Non Sequitur]

Total is Alamode-Cotality and Cotality is one of the largest AMCs and sells or gives data to their title company partners and their AMC last time I checked.

Your purchase of Total is supporting two so called evils, data mining and helping them expand their AMC.

What am I missing in this Total/Cotality partnership and their data mining operations

Correct me if I’m wrong, Cotality got out of the AMC business a while back, and as far as their data mining that’s no secret and we can’t avoid it. I draw a line at giving my client contact information to my direct competitors, like True Footage with hundreds of staff appraisers and Regorra’s AMC Appraisal Marketplace.

 

[Surf Cat]

as far as their data mining that’s no secret and we can’t avoid it.

That was my whole point in regards to my comment on Regorra.... even if you used an appraiser-friendly, software provider that didn't data mine your work and analysis....once you turn a GSE report in....Fannie data mines it for CU. You can't avoid it.

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I think you're one of the good guys cash. I know you develop appraiser friendly tools and that's admirable. But....

CU is explicitly built on a "database of over 70 million appraisals" ingested through UCDP. Fannie Mae takes the appraiser's work product, aggregates it, uses it to train and power a proprietary model, then restricts that model's output from the very person who generated the input. Calling the output "proprietary data" while freely consuming the input (the appraiser's work) does create a logical tension.

Sorry, I can't help having glass half empty outlook on the appraisal profession...

 

[Non Sequitur]

That was my whole point in regards to my comment on Regorra.... even if you used an appraiser-friendly, software provider that didn't data mine your work and analysis....once you turn a GSE report in....Fannie data mines it for CU. You can't avoid it.

I agree it can’t be avoided. And frankly it isn’t anything new, been happening for decades. Again, I draw the line at giving my direct competitors (Regorra and True Footage) access to everything else in my reports including my client contact information, my intellectual processes, and to a lesser extent my assignment volume/market area.

 

[glenn walker]

Correct me if I’m wrong, Cotality got out of the AMC business a while back, and as far as their data mining that’s no secret and we can’t avoid it. I draw a line at giving my client contact information to my direct competitors, like True Footage with hundreds of staff appraisers and Regorra’s AMC Appraisal Marketplace.

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.

 

[glenn walker]

Correct me if I’m wrong, Cotality got out of the AMC business a while back, and as far as their data mining that’s no secret and we can’t avoid it. I draw a line at giving my client contact information to my direct competitors, like True Footage with hundreds of staff appraisers and Regorra’s AMC Appraisal

Correct me if I’m wrong, Cotality got out of the AMC business a while back, and as far as their data mining that’s no secret and we can’t avoid it. I draw a line at giving my client contact information to my direct competitors, like True Footage with hundreds of staff appraisers and Regorra’s AMC Appraisal Marketplace.

Your correct Cotality/Alamode didn't stay with the AMC.

 

[cashcatz]

CU is explicitly built on a "database of over 70 million appraisals" ingested through UCDP. Fannie Mae takes the appraiser's work product, aggregates it, uses it to train and power a proprietary model, then restricts that model's output from the very person who generated the input. Calling the output "proprietary data" while freely consuming the input (the appraiser's work) does create a logical tension.

Certainly you see the difference between the GSEs aggregating data and the software companies grabbing it - many of whom are either in direct or parallel competition via alternative products (AVMs, hybrids with PCDs)? Some are pushing the fast turn time hybrids, and once they have everyone hooked, guess what happens: lots of pressure on the appraiser for faster turn times to stay on their panel.