Will a la mode Be Ready for the New UAD?
Dustin interviews Shawn Telford of Cotality (or a la mode). They talk the new UAD, timelines and how appraisal might look in the near future.
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Fear vs Preparation
Progress requires movement. Just make sure you're the one choosing the direction - not your fear.
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Several Emerging Developments Signal Broader Technological Shifts in Appraisal:
A new research paper, “On the Performance of LLMs for Real Estate Appraisal,” shows that Large Language Models (LLMs) can generate credible, interpretable property estimates—highlighting their potential to enhance transparency when used carefully. arXiv
Another academic piece, “The Architecture of Trust: A Framework for AI-Augmented Real Estate Valuation…,” outlines how regulatory changes (like the adoption of the Uniform Appraisal Dataset, UAD 3.6) can enable machine-readable appraisal formats—paving the way for AI integration that preserves professional oversight. arXiv
In industry applications, Aivre’s collaboration with Restb.ai promises a major productivity leap: by integrating AI-driven computer vision, appraisers can reportedly save over 3 hours per valuation, effectively doubling their throughput. National Mortgage Professional
On the commercial front, Opteon (with tech partner Jaro) is pushing into AI-assisted valuations—deploying tools to enhance report quality, reduce human error, and modernize client interactions.appraisalbuzz.com
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