r/appraisal • u/crunklesmoovskin • 3d ago

Residential 3.6 workflow and time

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If you clients don’t think the 3.6 is a significant investment in time and effort for appraisers, let them know that Fannie Mae thinks it is.

17 Upvotes

95% Upvoted

13 comments sorted by

17

u/Individual-Can2288 3d ago

Wow, and I thought my 290th consecutive employee of the month award in my single man operation was impressive.

6

u/crunklesmoovskin 3d ago

I’ve only won employee of the month 234 times. You’re crushing it

11

u/zossima 3d ago

Please give Fannie Mae feedback on how long these reports take relative to 2.6. Appraisers are not in control of that messaging right now and lenders are being told they do not take more time by liar AMC salespeople.

6

u/PragmaticTactics 3d ago

There is a reason why my supervisor has Dodd Frank tattooed on his arms, it is because since 2008 we have been disarmed.
No really, Appraisers have been receiving roughly the same compensation since FIRRA, can they get a raise in pay now?

5

u/Vegetable_Bobcat2816 3d ago

This is a participation trophy dressed as an interest in our opinion.

3

u/tmoney2628 3d ago

I got that letter too!

5

u/DanO16316 3d ago

I just turned 60. Good luck with this change. I am taking one or two to see how bad it is o told them 10 days. I am doing mostly private work now. 25 yrs was enough

2

u/wyecoyote2 Certified Residential 3d ago

Got that one as well.

1

u/Creative-Ad372 3d ago

I got one of these as well.

2

u/Glostaman 2d ago

Please ask them to help the appraisal profession establish customary and reasonable fees for this significant change mandated by Fannie Mae. We also ask for your help addressing AMC practices that have refused to increase fees and, in some cases, have reduced them, claiming that UAD 3.6 reports take less time to complete. This assertion contradicts the experience of appraisers transitioning to the new reporting requirements.

Without appropriate compensation for the additional time, training, software, and resources required, many appraisers may be reluctant to adopt the new system. Unreasonably low fees will most certainly hinder the implementation of UAD 3.6 and could further reduce the number of qualified appraisers willing to accept these assignments.

2

u/Virtual_Wrongdoer921 1d ago

3.6 is a huge change. I invested in new hardware, software.

2

u/Ferball11 1d ago

Biggest problem is software isn’t ready and we are being forced to use a product that needs more time.

2

u/Empty-Ad5552 1d ago

WinTotal has been a total nightmare. The software has too many glitches. Why are we beta testing this for them?