Comments on: AI, Appraisers & Buggy Whips

By: Baggins

Baggins — Tue, 17 Jul 2018 16:49:13 +0000

Related. The first white paper on the secretive nature of online censorship. This is a very amazing read and highly recommended.

I think this has merit and is related to the above article. Why won’t these companies publish their algorithms, methods, and results. Automatic valuation takes a similar approach to automatic online censorship, shrouded in mystery and secrecy. Both use similar deployment tools, have devastating consequences to many participators, resulting in a deplatforming and demonetization of our provided services. Similar to news monopolies the emerging data management monopolies seek total control and dominance over their respective industries.

The Censorship Master Plan Decoded

By: Bill Johnson

Bill Johnson — Tue, 10 Jul 2018 22:46:05 +0000

If in a magical world AFTER completing 100 full appraisals, some 50, 60, or 70% could some how be shown to be a perfect match to the best AVM, then on the surface there would seem to be some validity for their use. The catch is, ALL 100 need to be done in order to find the few or many that may be in line with the computer. Giving me a percentage, 50, 60 or 70% of properties that might be in line, does not tell me which 50, 60, or 70% are in line.

Seek the truth.

By: Fritz Vogel AGA,CRS,CEI,GRI 27+ Yr Cert. Residential

Fritz Vogel AGA,CRS,CEI,GRI 27+ Yr Cert. Residential — Tue, 10 Jul 2018 16:54:50 +0000

Well said Retired.

Let’s start adding “Value” to our service. Think about a DISCOUNT on a borrowers rate if they have a full inspection/report vs another short cut. Let the BORROWER decide, it’s their money. So they have to fork over $ 400-600. for an appraisal vs $ 200. for another type of analysis, they have more piece of mind and get a discount at the same time. Lender get’s a “better” valuation product and is willing to discount a fee.

I don’t give an RAT’S A** about longer turnaround, that is simply fiction. After 30+ years I can turnaround cookie cutter stuff in 1-2 days. Just as fast as it takes an AMC to get an order, shop for a vendor, QC the report and deliver to lender.

The paper would now be worth more for the investor, an “A” class group of loans vs a “B”.

Just my HO

By: Retired Appraiser

Retired Appraiser — Tue, 10 Jul 2018 13:24:54 +0000

I have encoded this comment for FNMA & the Appraisal Foundation so that only Big Data can decode it:

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