Why the New UAD is DOA

[Alsie35]

I'm not saying appraisers are the choke point, but it all rolls downhill. If a lender has a few in the pipeline with no way to get a 3.6 report, I highly doubt fingers will point at the GSEs, the buzzards selling useless classes, software providers, or the AMCs.

The "CHOKEPOINT":

 

[Sadie]

That is funny when those people jump on here or Facebook, etc.,and talk about how this was something you were supposed to be doing the whole time. Especially when you know some of them owned larger shops or appraisal mills or AMCs. If you’ve ever known anyone that worked at those places, you know, they were all about turn and burn as fast as you can. If anybody catches anything, you’ll fix it on the back end. I’ve known guys that have run regional offices for some of these large companies. They never made it more than a year because they couldn’t stand what was being produced and how staff was treated. Yet those same people speak for revaa as though they are a perfect example of what the appraisal profession should be.

That’s why they’ve earned their moniker of snake oil pushers.

Yeah, I've been measuring volume for decades and making the appropriate adjustments (s)

 

[Sadie]

I'm not saying appraisers are the choke point, but it all rolls downhill. If a lender has a few in the pipeline with no way to get a 3.6 report, I highly doubt fingers will point at the GSEs, the buzzards selling useless classes, software providers, or the AMCs.

Wouldn't it be nice if they did though.

 

[Non Sequitur]

That is funny when those people jump on here or Facebook, etc.,and talk about how this was something you were supposed to be doing the whole time. Especially when you know some of them owned larger shops or appraisal mills or AMCs. If you’ve ever known anyone that worked at those places, you know, they were all about turn and burn as fast as you can. If anybody catches anything, you’ll fix it on the back end. I’ve known guys that have run regional offices for some of these large companies. They never made it more than a year because they couldn’t stand what was being produced and how staff was treated. Yet those same people speak for revaa as though they are a perfect example of what the appraisal profession should be.

Yep. I spoke to a guy not long ago who burned out of one of the large national firms, you are spot on.

 

[RCA]

The "You were supposed to be measuring threshold elevation, ceiling height, window height, water well depth and flow rate, water feature depth, water feature linear footage, comparables considered but not used, etc." anyway crowd are going to be upset with you.

I have no idea what you are talking about. But all of these things in the right context could be important. You can't just categorically say these factors are important for all appraisals. But, in a certain context, they could be important.

When an appraiser goes into an area he is familiar with, he knows (or should know) the peculiarities of the neighborhood and what things typically impact appeal. In many areas, there aren't any wells, window height is not an issue (e.g., typical subdivisions), water features don't exist, and so on. IF I am doing a narrative report, I will focus on the factors critical for MV. If I hand all possible MLS data to MARS Regression - it will quickly discover which features are important. All of these other extraneous factors/features are wasting my time if I have to deal with them. That's the beauty of the Narrative Report, that's what makes even the best forms ugly.

Now, listen, with the new UAD 3.6, something new is possible. Your FORM could be made dynamic so that, based on your SOW and market area profile, it can possibly simplify things. You look at the new Alamode and Bradford and ask yourself how well they are doing, do they ask you about SOW and context, and cut out the flak and fill in the details that it knows are protocol for your market area. --- Yeah, that will take smarts for the software engineers to do a good job on!

 

[RCA]

I am guessing, that good UAD 3.6 forms really won't begin to appear until the end of the year. You will see them sooner, but I'm guessing with the entry of a lot of useless information. For them to remove it, they need you to fill out profiles for market areas and some kind of SOW (well-designed). Removing one field from your form reshapes the rest of the form. ---> It is not going to be easy. I can imagine that the optimal software will have a very complex design. And so, sit back, and ask yourself how smart the vendors' software engineers really are. (Well, nowadays, for one thing, they have AI to help them - so anything is possible. It's a management issue!!)

 

[RCA]

And I'll bet you one thing, just guessing: Fannie Mae did not think of market area profiles and SOW skeletons, and provide a place in the MISMO structure for them. Market Area Profiles could be a potential source of problems, big problems, so they will need to be part of the report.

 

[djd09]

That is funny when those people jump on here or Facebook, etc.,and talk about how this was something you were supposed to be doing the whole time. Especially when you know some of them owned larger shops or appraisal mills or AMCs. If you’ve ever known anyone that worked at those places, you know, they were all about turn and burn as fast as you can. If anybody catches anything, you’ll fix it on the back end. I’ve known guys that have run regional offices for some of these large companies. They never made it more than a year because they couldn’t stand what was being produced and how staff was treated. Yet those same people speak for revaa as though they are a perfect example of what the appraisal profession should be.

That’s why they’ve earned their moniker of snake oil pushers.

the gse's buddy the mortgage broker appraisers dont do any of that...the fact is they are creating chaos for us so they can push waivers

 

[RCA]

When you write a GSE form-based appraisal, you are basically writing it for near-idiots who probably think they are superior to you because they know that you messed up on one of the holy form requirements, they know something you apparently don't know, so they are superior to you. You may think you know more than they do about appraisal, but they are experts in the world of UAD and UAD is God. ... Something is very wrong.

 

[djd09]

yep...uniform and standardization is code for socialism...which means misery for the many