28.02.2020
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“within the last week, I have had two issue of concerns with “UAD” compliance and ACI Sky Delivery ( I can hardly write that; as, it is a significant source of stress when I have to deal with it). I have tried to submit reports, with issues that prevented the upload (no surprise with “Sky”). The first involved the 1004MC form. The comparables that were available for the subject were extremely minimal – something like 4-6.

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The last period only included 1 comparable (no valid data). The trend indicated “increasing”. However, in our area, the trend is really demonstrative of “stable” at this time. The trend on page 1 of the U.R.A.R.

Indicated “stable”. There was explanation on the 1004MC form as to why the trends did not match. The representatives of the company associated with the order indicated that they had to “match”.

I related that they did not, based on minimal data for comparables specifically, with an explanation as to why they didn’t necessarily match. As, page one represents the subject’s area market, and 1004MC is representative of comparable specific data. They insisted that I just use general market data for the 1004MC, so that they would match. In order to be compliant for USPAP and not be misleading, I included two 1004MC forms, with an explanation of why two were associated. However, they insisted that I remove the comparable specific form.

In the end, I did not and they finally processed it. This brings up concerns, as noted, in that “conforming” to these processing software systems will, in a lot of cases, be misrepresentative, and ultimately we are appraising to the review/processing systems and not necessarily a true representation. The second scenario was with an REO property. The “as is” value + the estimated cost for the repairs was not equal to or greater than the “as repaired” value. Well, no kidding. This is often the case, depending on what the repairs are, etc. It would not go through the system on this basis.

Ultimately, I did not change the report. However, it is an ongoing concern with regard to what is happening by these software review processing systems and the insistence that we conform to “make it work”.

This appraiser goes on to say “ACI Sky is a delivery system for AMC’s. I work with several who use this system. It provides the companies ‘pre-screening/review’ for reports being submitted. The point here is that anyone that encounters this system will have the same responses. I have had other companies indicate that page 1 of the URAR and the 1004MC have to match. But, again, this is not always the case in reality.

I am not concerned with being compliant with USPAP, because I either do not comply with what they are requesting, or at least make a disclaimer in my report regarding the factors associated. I am concerned with how many appraisers out there may be giving in to the system? More and more AMC’s are utilizing the ACI Sky delivery system; and, there are other systems that cause similar upload issues. These systems cause immense frustrations, as they prevent uploads multiple times, and don’t always give the same error each time. As one of my colleagues related, dealing with these systems make you want to throw your computer across the room”. So appraisers, the question is are you having similar difficulties with ACI Sky?

If so, please comment and we will contact them and advise them of these issues. ACI is “a leading innovator and provider of software solutions in the valuation industry for thirty years, has brought advancement and technical achievements to mortgage servicing that led to the complete automation of many paper-intensive reporting processes” and are coincidentally NOW owned by First American / Corelogic. I used both for over 25 years and they are two of the four systems in my PC right now. Each did some things either better or easier than the other (or Bradford) on different form types. But when I saw the proposed “fraud-promoting” form for the PACE PRO product being pimped by First American and then found they had purchased ACI too, I made a decision.

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I will not knowingly support a company owned by corporate owners that are; or were too stupid to recognize that the product they were touting was non compliant within the basic form design itselfeven if the service could be made to be compliant. An assumption not adequately proven in most states despite so called “value reconciliation’s” widespread use. I am not using the term ‘stupid’ lightly. The PACE PRO product report form was clearly designed to appear like some type of appraisal product, while the language was parsed to avoid all obligations associated with a ‘real’ appraisal. The product being pimped is designed to eliminate the need for real appraisals by having appraisers “reconcile” purported market data.

Typical amoral title company conglomerate spawning into yet another area in which experience and the integrity to participate in the best interests of the American public are glaringly absent. IF you already narrowed it down to these two, then why would you support the one that is trying to take food out of your mouth and is actively working reduce the demand for real appraisals? They are ALL guilty of something GAPeach. Although over the years I have paid Ala mode $15,000 to $20,000 in software fees, it did not stop them in developing the Mercury Network where they in my opinion robbed appraisers by way of a $13.50 per full report transaction fee. Seems like no big deal, but when they sold off that division this year (or last) and disclosed in the press release they conduct 20,000 transactions A DAY, my quick math reflects nearly a hundred million dollar business per year. Multiply by way of a few years (2009 – 2016) and this company generated upwards of $500,000,000 to $700,000,000 million dollars off the backs of appraisers by way of this single system. Even in cases where they charged the lender (borrower), their profits were still generated by the appraiser grunts in the field.

No its $15.00 versus an AMC fee which is a minimum of that. Appraisal Port charges a fee as well. I get your point and im with you because this is a system that if it had more success could end up increasing there fee and it is a way for a company to capitalize on the appraisal process for their own selfish gain but my point was that I would rather use Mercury because when I get a correction request it is usually based on a review made by an educated person and not from some idiotic program like ACI SKY that can drive an appraiser crazy.

And as I read in some other comments the time it takes to go through the process of accepting orders, updating orders and attempting to send appraisals has stripped away any free time an appraiser once had. I am both humbled and “happier than a pig in you know what” at the same time if something I wrote discouraged one person from buying ACI for the reason cited in GAPeach’s quote! Bless you sir! Bill Johnson is also right (below). MY appraisal report used to be a typed hard copy.

Then it became a deliverable report via pdf in email (or via ACIs proprietary ‘commuting’ system in Lord knows what form or format). Technically still ‘my’ appraisal report but with increasing encroachment into the manner it was delivered. Somewhere along the way the whores that write & sell appraisal software programs decided simply creating alternative products that could only be made USPAP compliant only by unreasonable effort and time cost by appraisers was not enough. They had to sell the users of appraisers on the idea that there was no reason appraisals could not be supplied in different formats that allowed them to tamper with, censor, interfere with or to even change the definition of what “delivery” means. That allowed users to use the reports in ways never intended or authorized by the appraisers. Now the appraisal of real estate for loan transactions had to ALSO include the added service of providing absolute property ratings for both the subject and a huge database of comparable sales. Absolute comparisons were never a broadly accepted part of the appraisal process. Certainly they were never intended by appraisers to replace relative comparisons like the ones used by typical buyers and sellers in the marketplace.

Of course that lead to telling us that we must next provide reports in XML formats IN ADDITION to pdfs. NOW we have ENV formats. Apparently the XML format is not enough of a bottleneck or separate profit center for our so called allies in the appraisal forms software industry. Now “delivery” to the intended user-client can be intercepted and indeed stopped completely by third parties or worse, software designed by third partieseven if the use of that software promotes elimination of accepted sound appraisal practices and encourages appraising designed to ‘fit the form and delivery system’ rather than the market. Need to analyze market conditions in a manner suited only to the abbreviated forms and low cost appraisals?

No problem. Just get TAF/ASB/AQB/& APB and regulators to change the definition of the words analyze or report; or any other aspects of USPAP that are ‘inconvenient’. 27 Years to the month after FIRREA 1989 was passed to protect the faith and trust of the American public in the American finance system and appraisal process it has ceased to do so anymore. Not because it was poorly written. Just the opposite in fact.

As originally written it was a great piece of legislation. So were USPAP. That was before each underwent so many special interest revisions that they fail to promote trust in a process at all. Quite the opposite in fact. I too had the problem with the MC and neighborhood value trend varied due to extremely limited comparable home data (one sale for each of the last two periods). ServiceLink wanted them to match but I refused. They detailed that Fannie Mae guidelines for the URAR neighborhood data is supposed to be only comparable homes from the market area like the 1004MC and not all home sales from the market area. Fine, but no trend can be developed with comparable sales when they are very limited.

I detailed that fact in the report and it took four SL requests to “reconcile” and my replies of “READ THE REPORT” before they finally agreed with me. I don’t blame the ACI softwareI blame the lender and their inability or unwillingness to override obvious inabilities to comply with Fannie Mae guidelines.

Those damn square pegs just won’t fit in the round hole. Software designers are ‘partners in crime’.

It starts with the idea that computers can do things they cannot. Once that erroneous assumption is accepted a philosophy of ‘good enough’ replaces reasoning.

You see, the system and forms we use are ‘good enough’. The process that allowed cost savings by eliminating professional reviews and or technical skills suited to real estate analysis is also ‘good enough’. Using regression analysis that only addresses 70% to 90% of a property’s value related elements is ‘good enough’. FNMA patenting and using a collateral underwriter system not designed by licensed appraisers; using a database they admit to as being fatally flawed and which has incorporated the stolen work product of tens of thousands of appraisers is also ‘good enough’. Eventually using a Zillow or similar type product that ONLY has 90% to 95% claimed reliability when a property value is within 5% of the area median, will also be ‘good enough’. On this problem with the Neighborhood section and the MC needs to match I have included a statement in the comments of the MC form. I agree that they need to read the report and I do not change the report to meet their computer program.

The following statement is what I include in the comments of the MC form. “The information to complete this form is based on “Comparable properties “which have been listed or sold in the prior 12 months and the information in the “neighborhood section which is based on all competing (comparable) properties in the neighborhood may not produce the same results and/or conclusions.” The MC form only has a snapshot of the the comparable sales and listings in the neighborhood, if you transfer the MC information to the neighborhood section it could be misleading to the readers of the report if you have a limited amount of activity. My RESPONSE IS send it to the lender, no changes are going to be made to the report. As an A la mode client for years, I still remember a decision I made as it relates to ACI / Lighthouse that still haunts me to this day. A client I no longer use (forgot their name), required at the time that I have a version of ACI JUST TO BE ELIGIBLE FOR POTENTIAL WORK. Although I completed some work over the following 12 months for the client, after the year was up I cancelled ACI.

Although ACI was not the issue (the lender was), it left a bad taste in my mouth that is still sour today. This was the beginning as it relates to everybody wanting a piece of the appraisers pie ($$). You live and learn.

My previous post (August 25, 2016 at 6:30 P.M.) does not make it clear that I had purchased A la mode software for the year (previous years and ever since), and that it was my primary software of choice. The requirement to be eligible for potential work from the client I spoke of, was that I ALSO had to purchase a partial version of ACI. If memory serves me right, the software and required signature from ACI set me back over $600. The decision at the time to pay for a 2nd software package, ACI (for one client), is what haunts me. Jeff, the whole industry/issue revolves around how much money different companies can take from what the borrower assumes is the actual amount that solely goes to the appraiser. Appraisalport, Global DMS, Mercury Network, technology fees, delivery fees, background fees, and of course the fees that go directly to the AMC’s. On a federal level its not required that the borrowers paperwork have the separation of fees, my state does not require disclosure within the forms, and of course most clients demand NO INVOICE be included in the report.

The game is to hide the truth. The lenders are the ones who either own the AMC, select the AMC, or make arrangements for kickbacks from the AMC. The lenders are the problem. 365 days a year. There are 52 weeks and weekends or 104 days. That leaves 261 work days if you take no holidays or vacations off. Bill, you deserve your two weeks PLUS holidays.

Lets take another 20 days off so you only have 241 work days including storms, snow days and sick days. Bill you work too hard. You should not have to work 10 to 14 hours a day to complete your 1.244 appraisals a day. Respectfully you ‘need’ to do two things. Go to or and look up the C&R fee proposal written over a year ago.

Mac

Aci Software Problems

Its ok to skip to the last page cuz the stuff in between is really boring (I know because I wrote it). Start charging $500 to $1,000+- for almost all SFRs and decline to work more than 8 hours on any day and all weekends. IF you continue to complete one complete appraisal a day you will still earn over $120,000 a year (gross) less office and assistants overhead. Why, that’s nearly 2/3 as much gross as a Coester AMC VP earns! The last time I “did” 300+ appraisals in one year I was using PCPlus+ Appraisal Software; templates, taping 35mm pictures to the reports; using qualified trainees with preprinted three page checklists, and doing mostly 704 DriveBys for limited liability title insurance company /bank helocs. It may well have been over a thousand-maybe more.

My computer was only a tool then. Not an appraisal delivery system. Excluding weekends there are only 261 work days per year.

Eliminate 6 holidays and 14 days vacation and 3 sick days, there are only 238 days left. I can’t do 300 appraisals in 238 8-hour workdays. Nor will I try. You can all save the logical appraisal based explanations. The people who develop these data point correlative software peramiters are not appraisers. This issue sounds just like every time I tried to submit.env, or through any of the multitude of Alamode plug ins, and quite similar to what every report goes through with FNMA CU now. It has, and will continue to make better sense, to not subscribe to these ‘additional services’ packages. You’re paying for the ability for the lenders to put your reporting in a box where all data correlations must align within very stringent preset inflexible peramiters. How else could an non appraiser tech genius ‘apply value’ to the process of automatic review, other than to bring more review settings and correlative data points into play? Too bad they won’t have a hand in reformulating the 1004 form which was of course, created before such automatic correlative data review was possible. You can’t make this up. It’s just another example of overuse of scraped data, and all this program does is the same thing these appraisal companies sell to the lenders, it reviews data for correlative data points. Except the appraiser was the one that paid for it! They sold it, you bought it.

Quit purchasing the next new thing all the time, slow it down, and you’ll experience less instances of illogical relationships between man and machine. In my opinion you’re wrong Tammy. If the borrower pays $600 for an appraisal, but the actual appraiser only receives $350, then a portion of our fee gets spent. The lenders or AMC’s take our fees to in part help with the regulation of the day.

If the borrower needs more protection, then itemize out this expense so they can pay for the regulation themselves. Check your cell phone bill for the protection (surcharge / tax) you pay for to have access to (911) (mine cost 11 cents). Why have others figured out ways to charge consumers to the last cent, but as appraisers we are often on the hook for hundreds? If the lender has more regulations to juggle, then again split out this expense so the borrower can pay for it, or add it to your cost of business. With the machines taking over, its getting harder and harder to not join them. I’ll largely ignore the 1004MC doesn’t match issue though I rarely rely on 1004MC for my reports.

I include it and then turn right around in most cases and report it is essentially useless and misleading as an indicator, and then I provide AND SUPPORT my page one conclusions from other IDENTIFIED data. USPAP forbids us from creating misleading reports. If the 1004MC data is no good or misleading I certainly am not transferring it to page one. NO LENDER, NO AMC, NO GSE and frankly NO regulatory agency has the authority to tell us to do something that results in a misleading appraisal report. ACI was bought out by First American. First American immediately created one of the worst examples of a misleading form in their so called PACE PRO program / system. It was so bad it even got the attention of the Executive Director of the Appraisal Subcommittee.

Aci Software For Mac

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First American now has an almost complete monopoly over the entire real estate refinance or sale transaction system. Why ANY consumer would use a company that will arrange the CMA; marketing, escrow, home inspection, mortgage loan, appraisal management, appraisal review, title insurance, oversee funding, and then service the loan, is beyond me. Talk about eliminating virtually ALL normal checks and balances! I used ACI and WinTotal both for more than 20 years. Im quitting ACI though it does many things in a way I am more comfortable with than Total. WHY would I continue to support a product from a monopolistic corporation that is hell bent on destroying the appraisal profession? Their fraud-inducing PACE PRO product was going to be offered with $70 appraisal fees!

I have to withhold judgment on their “sky” product. I don’t do a lot of transactional work anymore and when I do my AMC knows they either have to walk me through their process or upload the stuff themselves. (its a GOOD AMC!). I’ve used both ACI and A la Mode Total/Wintotal and ACI loses by a long shot. They nickel and dime you at every turn. That being said, we as appraisers have to recognize that the industry is what it is and no amount of whining on our part is going to change the way software companies operate. Appraisal Port, Appraiser Zone, a la mode, etc.

All charge “technology fees” and that’s just the way it is. To complain and resist is futile! I use Mercury Network and am glad I do. I get appraisals (good paying ones or I don’t take them) from lenders and others that I’ve never heard of, just because I’m registered on Mercury Networks. My regular clients use it and we charge them the fee too. They’re in business to make money. It’s not going to change so we need to get over it. Yeah, some 20 and 30 year appraisers are going to complain because it’s not what they’re used to using. Times change.

Aci Appraisal Software For Mac

People used to ride horses and now they use cars. Oh, but they now have to pay for gas, oil, and maintenance that they never did, with their horse. It’s change. Get over it. If you don’t like paying the fee, DON’T TAKE THE ORDER! I work for myself, am an SRA, and only have myself to blame for taking a bad paying order or having to pay a tech fee. I don’t work with AMCs or lenders who use Sky because it wastes my time and I don’t appreciate its ham-handed error checking.

It’s my decision. I make the decision and move on and don’t complain about it. Stop whining and go do an appraisal! Mike, I don’t think most or even many of us object to paying for necessary service fees. Its like we used to pay for developing 35mm photos and two sided tape; or Forms & Worms gridded sketch pads. Also, it’s not whining to try to improve our work environment; or to insist upon being treated as the professionals that most of us still are.

Necessary costs of doing business versus UNNECESSARY costs. I DO agree though that we make our own decisions; though some have greater freedom of choice than others. You’ve offered several timely and helpful reminders to us all.