Appraisers Blog

JUNE 2, 2023

While the borrower was charged $695 for the appraisal, the appraiser was only paid $301. The AMC fee was $394.

Appraisal 89

Appraisal 89

Appraisers Blog

JUNE 1, 2023

There are appraisers who are completing appraisals for 1980s fees. In reply to David. 300 and below for a URAR.

Appraisal 91

Appraisal 91

Appraisers Blog

JUNE 20, 2023

While the borrower was charged $695 for the appraisal, the appraiser was only paid $301. The AMC fee was $394.

Appraisal 91

Appraisal 91

Appraisers Blog

JUNE 1, 2023

While the borrower was charged $695 for the appraisal, the appraiser was only paid $301. The AMC fee was $394.

Appraisal 93

Appraisal 93

Appraisers Blog

JUNE 12, 2023

While the borrower was charged $695 for the appraisal, the appraiser was only paid $301. The AMC fee was $394.

Appraisal 92

Appraisal 92

Appraisers Blog

JUNE 5, 2023

While the borrower was charged $695 for the appraisal, the appraiser was only paid $301. The AMC fee was $394.

Appraisal 92

Appraisal 92

Appraisers Blog

JUNE 11, 2023

While the borrower was charged $695 for the appraisal, the appraiser was only paid $301. The AMC fee was $394.

Appraisal 88

Appraisal 88

Appraisers Blog

JUNE 12, 2023

They are lying to the homeowner and the IRS by hiding their bloated charge under the disguise (hence the word deception) of the appraisal fee. If the HUD-1 disclosed the true appraisal fee appraisers would be able to charge far more for an appraisal.

Appraisal 72

Appraisal 72

Appraisers Blog

JUNE 20, 2023

I have nothing to lose by taking another stab at taking down AMCs via legal means. I have no desire to return to the business and I could truly rest in peace at the end of my life knowing that AMCs were wiped off the face of our planet. Jason, I spoke with Pat Turner last week to discuss options.

Appraisal 70

Appraisal 70

Appraisers Blog

JUNE 12, 2023

Ralphy is busy making $300 per appraisal and thinks he’s getting rich. He should be earning $700 to $1,200 per appraisal. In reply to Spencer Paul. I wouldn’t take comp photos and make a trip to the county records office for $300.

Appraisal 70

Appraisal Comps 70

Appraisers Blog

JUNE 1, 2023

Unfortunately, the solution requires work from appraisers (something I have yet to see for the last 14 years). In reply to That Scott Guy. I provided you with a solution to the problem Scotty. If you wish to save what’s left of this JOB get off of your butt and put in the work.

Appraisal 70

Appraisal 70

Appraisers Blog

JUNE 5, 2023

In reply to Retired Appraiser. All one needs to do in order to be a well versed appraiser is comprehend approximately 10,000 to 20,000 pages of government and state regulation, and be able to speed read and speed type. Selling guides are several thousand pages each, often so are regulatory documents.

Appraisal 72

Appraisal 72

Appraisers Blog

JUNE 1, 2023

Ex appraisers would gladly offer you some cheese to have with your WHINE. You guys have had 14 years to solve your little problem, yet you have never lifted a finger to help yourselves. Do you deserve anyone”s sympathy? No, but most homeowners and. God helps those who help themselves.

Appraisal 70

Appraisal 70

Appraisers Blog

JUNE 1, 2023

In reply to Retired Appraiser. Just Do It Appraisers. Definition of Theft By Deception in my state: The base definition reads: “A person is guilty of theft by deception when the person obtains property or services of another by deception with intent to deprive the person thereof.” You have your solution to the problem. Just Do It.

Appraisal 70

Appraisal 70

Appraisers Blog

JUNE 12, 2023

In reply to Retired Appraiser. I would love to get on board with a group of individuals really motivated to take serious action in order to salvage the appraisal profession. RA, you seem very knowledgeable in these areas. I have some extra time these days, but certainly not enough time to take on organizing a class action(s) alone.

Appraisal 71

Appraisal 71

Appraisers Blog

JUNE 2, 2023

The amc’s created a new industry standard. Managing the appraisal after completing should not be incorporated and co mingled with the actual cost of completing the appraisal. They can pad the appraisal fee to the moon and nobody would be the wiser. Missing the IVPI proposal yet?

Appraisal 71

Appraisal 71

Appraisers Blog

JUNE 12, 2023

Then call me “Disgusted Appraiser” I quit half way through what should have been a 40 year career. Because I refused to be strapped by a barrel by AMCs and raped daily. I refused to teach appraisal courses like many of my peers did to survive and I refused to live off of commercial work that did not appeal to me.

Appraisal 68

Appraisal 68

Appraisers Blog

JUNE 2, 2023

The push for modernization, per governmental/FNMA reasoning is excessive fees, the slow appraisal process and biased appraising. This makes the appraisal process appear “slow” Every time I picture the owner of AMC in my mind, oddly Martin Shkreli’s (Pharm Bro) face pops up.

Appraisal 71

Appraisal 71

Appraisers Blog

JUNE 11, 2023

When I retire from appraising, I’m not going to post on appraiser blogs for 15 years like retired appraiser! Jeez man take up stamp collecting in your senile years!

Appraisal 70

Appraisal 70

Appraisers Blog

JUNE 1, 2023

If I belonged to an intelligent appraisal group (The AI doesn’t qualify) I would initiate a class action lawsuit for all homeowners to join and promote it on every news service. The fact that they are intentionally misleading homeowners and forcing appraisers to stay quiet about their crime guarantees homeowners a win in the courts.

Appraisal 69

Appraisal 69

Appraisers Blog

JUNE 12, 2023

Don’t see how disclosing the appraisal fee on the completed appraisal report will solve the injustice being put on appraisers by AMCs. AMCs and lenders have all the cards to control appraisers.

Appraisal 69

Appraisal 69

Appraisers Blog

JUNE 12, 2023

I understand your explanation, but many borrowers don’t read the report in much detail and the $700 +/- paid can always be justified by the AMC as just a appraisal processing fee. They control the fees, turn times, bidding process, comp selection, adjustments, scope and most other appraisal methods.

Appraisal 69

Appraisal Comps 69

Appraisers Blog

JUNE 2, 2023

The bigger and biggest issue has been that the appraisal profession is very splinter group of professionals(?) Thus, they have been able to totally control the appraisal process(fees, TT, report requirements etc, etc) for lending purposes. that have NEVER been united behind a cause and/or issue.

Appraisal 70

Appraisal 70

Appraisers Blog

JUNE 2, 2023

3619 also would require appraisal management companies to itemize appraisal fees in mortgage loan documents. The amc industries entire multi billion dollar business model is structured around service fees not being transparent or clearly separated. In reply to James Norton. Thank you James.

Appraisal 70

Appraisal Banking 70

Appraisers Blog

JUNE 2, 2023

In reply to Raymond. Respectfully, No. I’m not retired and everything is on the line. We’re hoping legal professionals, state agencies, regulatory persons, and lenders whom would resist these new models will read these threads. Be present or be retired, that’s your choice. I’m 100% all in all the time.

Appraisal 70

Appraisal 70

Appraisers Blog

JUNE 2, 2023

Pat, you don’t need a copy, because all you need is to sign up with a few dozen amc’s yourself. Document and save the bid requests, track back the lender and realty agents, communicate about the fees. The one question the amc will refuse to answer is; What was the consumer charged.

Appraisal 69

Appraisal 69

Appraisers Blog

JUNE 12, 2023

I have had 14 years to dwell on this topic, as well as a few failed attempts to terminate AMCs. As Baggins noted, finding a law firm that is not afraid of taking on the banking lobby (AMCs) is the key. Appraisers are the only wild card in this gamble. In reply to Jason. I’ve seen it happen time and again.

Appraisal 66

Appraisal Banking 66

Appraisers Blog

JUNE 1, 2023

I am told by an appraiser friend that AMCs are receiving bids for many, if not most jobs at $275 to $300 since the slowdown, here in SoCal. While I can sympathize with appraisers who must feed their families, it is clear we are shooting ourselves in the foot by fighting with each other to be the lowest bidder. It IS happening.

Appraisal 69

Appraisal 69

Appraisers Blog

JUNE 2, 2023

In reply to Retired Appraiser. Two class actions, one for appraisers and one for consumers, both harmed by amc’s. link] We don’t need a brave appraiser to initiate anything. The proof work has already been accomplished over the past decade on this Appraisers Blogs website. Thanks Retired.

Appraisal 69

Appraisal 69

Appraisers Blog

JUNE 5, 2023

.’ More like you just described the appraisal industry after appraisal management companies became involved, straight lied through their teeth about every last little detail, and most appraisers walked away. That is what this article is all about, the illegality and offensive nature of amc junk fee raking.

Appraisal 68

Appraisal 68

Appraisers Blog

JUNE 1, 2023

My first lender appraisal was in 1985. So, WOW, are we saying the standard residential appraisal has increased $25 in 38 years??? There was and still is a healthy amount of NON-lender appraisal work in the market. 0 There was and still is a healthy amount of NON-lender appraisal work in the market.

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Appraisal Marketability 68

Appraisers Blog

JUNE 1, 2023

Indeed, AMC’s but more so lenders are only interested in appraisal cost, they are fighting a losing battle. False narrative – nobody is providing product in the $300 range.

Appraisal 68

Appraisal 68

Appraisers Blog

JUNE 12, 2023

In reply to Pat Turner. I’d love to be on board in some capacity. When you have your plan together, let me know how I can get involved. Thank you for your efforts!

Appraisal 68

Appraisal 68

Appraisers Blog

JUNE 2, 2023

Dave, the newbs hang out at Appraisal/Reddit. I would not be surprised if the moderators are somehow tied in with the appraisal management industry. But that’s where they hang, the amc appraisers whom coordinate on discounted fees. The reference to the $160 1004 order appraiser.

Appraisal 67

Appraisal Comps 67

Appraisers Blog

JUNE 12, 2023

In reply to Pat Turner. Jason (below) appears to be on board. Count me in Pat. I am hoping that you are the world renowned Pat Turner of VaCap fame.

Appraisal 70

Appraisal 70

Appraisers Blog

JUNE 1, 2023

Don’t be that appraiser that want’s to make-up the difference in the lower fee by completing more work. How do I raise my fee? I have been able to keep my fee high throughout this time period. This is about knowing what you are worth. If you know what you are worth, then go and get it. Just do it.

Appraisal 71

Appraisal 71

Appraisers Blog

JUNE 1, 2023

I would say several things about this ongoing situation: 1) Any appraiser doing a 1004 report for $310 is just digging a grave for themselves & everyone else – And unfortunately it appears the funeral arrangements are well underway – JUST SAY NO!!!

Appraisal 71

Appraisal 71