Could you give me the gist of it? I won’t allow cookies from a website I don’t know.

https://stockhouse.com/companies/bullboard?symbol=v.cly&postid=29657154

The assumption you make is that Zaio was ever really in the business to develop anything. I invested lightly because the appraiser took all exterior photos and the appraiser imported and scrubbed the data for credibility (merged MLS/Tax/etc). Every time we hit a point where a zone was complete? Suddenly their software didn’t work or the company was going in another direction. A couple times they actually produced something (Arizona) and it worked well. In short it was very much like a pyramid scheme. I don’t think there was any intention of producing an appraiser owned AVM. There’s no substitute for a real appraisal but a full 1004. etc., isn’t needed for every valuation need. Right now we are missing out on the majority of the valuation work AVMs/Hybrids/etc because there are companies out there producing them AND for FNMA! An appraiser owned company for this is long overdue.

WHY would their demise be of the least little concern to anyone with integrity?

They are best known for misrepresentation of what their historic products do or what standards they meet, and the apparently overly optimistic embrace of the snake oil they were hustling by purported appraisal ‘experts’; GSEs and various Governmental regulatory agencies.

I personally attended the old ZAIO huckster’s meeting, where all from this sausage factory contended ZAIO reports completed in 24 hours would be USPAP compliant. They had a former U.S. Government EX Bigwig there to lend credibility to the lies of USPAP compliance and governmental acceptance. Fortunately, I was not one of those “investing” $10,000 per zone for an exclusive opportunity to be fleeced by them. Nor did my business partner nor anyone else we knew with more than 3 years experience in the profession.

With their traditional relationship with the truth, they (apparently) pinned all their hopes on the hybrid or so-called bifurcated hybrid fad, and the ability of super sales folks to ‘sell’ that particular pile of eManure to various and sundry fools within the profession of appraising and associated fields.

Whether the Hybrid was an outgrowth of their “innovating” leveraging of big data, or whether there were simply too many instances of their AVM product lacking adequate accuracy & another ‘new’ and innovating hustle was needed, who knows?

Speaking solely for myself, I won’t lament their potential passing one iota. Let this be a reminder to all other Title Co owned, or BigCorp owned AMS/AVM/Hybrid-Hucksters. We already HAVE accepted appraisal practices and procedures tested over time. We also have a minimal set of standards of performance, which though frequently tortured by The Appraisal Foundation to placate their commercial masters er sponsors, still provide a pretty decent set of standards for us to apply.

For all would be innovators cut from the same cloth, let me offer a free suggestion for innovation. Try HONESTY and Promotion of higher, rather than lower standards.

By the way, can we also stop with the meaningless euphemisms? My Big Data doesn’t require leveraging, harmonizing or value-added fluffing.

Data Analysis is a valid tool in the appraiser’s arsenal. It is not a reliable substitute for real appraisal techniques and practices performed by experienced appraisal experts.

http://appraisersblogs.com/clarocity-record-low-stock-prices

http://appraisersblogs.com/multi-million-dollar-garbage-technology-vs-appraisers#comments

Gee did they leave out ZAIO?

Indeed! I have noticed and/or wondered the same thing myself.

Excellent question Mike!

Didn’t ASC require that all AMCs PAY A REGISTRY fee for all the appraisers on their panels? Seems like that would be a decent source for how many she actually has, shouldn’t it?

Someone should call them on it. What are Maryland’s rules on AMCs and their advertising claims?

I wonder if the 13,000 is the number of email addresses she has, rather than the ACTUAL number of Appraisers doing work? Similar to Diane, I get emails from them constantly stating that my license needs to be updated (etc.) with them … as if I have a history with them. Keep in mind, I have never done one job for them … I also have never even signed up with them! I would be suspicious of her reported numbers.

I got the notice, can’t figure out why I haven’t done business with them. Maybe they are fishing to suck in more appraisers. Oh well, Happy St.Patricks Day.

I wonder who the 13,000 fools on their claimed list are. On a positive note she claims to have ‘geographic coverage’ whatever that is. Maybe they are saying the manufactured shortage is over.

Yes, this is the Canadian Exchange. SEC has no direct authority over the sale or distribution of their stock.

The Big Short – yes very similar.

Oops! accidently clicked report comment in error! My apologies! meant to ask if appraisers are one of those parties to a transaction that her system ‘makes sense to’?

Can they have “shorted” their own stocks? Bet against themselves through hedge funds? Where have we heard THAT one before?

I’m serious. Look at all the investor chatter on the sites your link lead to. Makes me think Im watching the Big Short all over again.

By the way, is this a Canadian Stock exchange? When I looked into the company data specifically said they were not allowed to offer or sell stock or securities in US exchanges…and therefore SEC had no authority over them. Maybe I misread?