Appraisers Blog

SEPTEMBER 6, 2024

REcolorado is looking forward to collaborating with appraisers in 2024 with our quarterly appraiser meetings! Earlier this year, Class amc was involved with the local MLS in Denver Colorado. For the first quarter, we will have a guest speaker from Class Valuation, Scot Rose.

Appraisal 98

Appraisal Compliance Technology 98

Appraisers Blog

AUGUST 30, 2024

The amc trade groups argument was rich; Appraisers will have unnecessary additional work by attaching invoices to appraisals, and this is an administrative headache for the amc’s. Newsflash; It’s more work for the appraiser to have to print out twice in order to separate the invoice from the report.

Appraisal 98

Appraisal Compliance 98

Appraisers Blog

AUGUST 31, 2024

In reply to Retired Appraiser. Harris has repeatedly cited anecdotal reports from homeowners of color who received low appraisals, using this as evidence of widespread and systemic bias in the appraisal industry. In essence, Harris argues that racial bias, both conscious and unconscious, is prevalent among white appraisers.

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Appraisal Compliance 98

Appraisers Blog

SEPTEMBER 1, 2024

In reply to Retired Appraiser. Appraisers who have dual licenses don’t need AMC’S. As a Real Estate Broker owner and Certified Res Appraiser I really like Inherited Homes for estate appraisal work. After the appraisal is delivered, if the estate likes and trusts me, I list and sell their estate property.

Appraisal 98

Appraisal Compliance Start-ups 98

Appraisers Blog

SEPTEMBER 3, 2024

Have had a real estate license before an appraisal license since 1980 to the present. Too many prior live appraisal instructors were unclear as to having two licenses. I had to threaten a review company to show where it is a Conflict of Interest for an appraiser just to have two licenses. In reply to PDM.

Appraisal 98

Appraisal Compliance 98

Appraisers Blog

AUGUST 30, 2024

The kick in the pants will be if amc appraisers are rewarded for all these years of complicit knowing participation in consumer fraud and get fee raises for their sub par amc work. Force rotational assignment nationally for all appraiser panels. I’m with PDM on this one; a total dismantling of the amc industry.

Appraisal 98

Appraisal Compliance 98

Appraisers Blog

SEPTEMBER 6, 2024

Having done many appraisals for Class Appraisal in the past, they suddenly turned off the faucet with no communication whatsoever. After reading these articles above and seeing the many posts from appraisers, I’m kind of glad Class disappeared from my radar. I do not want to work for crooks.

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Appraisal Compliance 98

Appraisers Blog

SEPTEMBER 6, 2024

Someone needs to get on that call and ask class appraisal. Why the hell they’ve been taking so much of the appraiser fees and trying to offer us so little watch the pin drop in the room and the deer and the headlights look. In reply to Baggins.

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Appraisal Compliance 98

Appraisers Blog

SEPTEMBER 10, 2024

Maria brings up an important point that lenders should also adapt to these new conditions and perhaps have something set up such as a sort of generic notification they send to people; This is your assigned appraiser whom will be contacting you. Even with a perfect quote unquote american accent, I still run across this issue.

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Appraisal Technology 89

BV Specialists

SEPTEMBER 9, 2024

Otherwise, there would be a lot less demand for independent appraisal work. Most experienced appraisers rely on a significant portion of their business to come from these types of projects where disputes arise. Here are a few examples: Partner Buyouts One of the most common types of disputes. It’s rather sad that this is the reality.

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Appraisal Banking Marketability 86

Appraisers Blog

AUGUST 31, 2024

Their lack of oversight allowed workarounds and market capture in more than just the valuation space too, they used the surplus funds taken from the appraisal industry to enter into several other industries related to mortgage lending as well. Appraisers were waiting in line to sign up and were really inspired by the concept.

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Appraisal Compliance Marketability 97

Appraisers Blog

SEPTEMBER 10, 2024

Rude… It is called discrimination, suffered by an appraiser. Who protects an appraiser who is subject to discriminationsss??? Barely introduced myself, and the phone on the other side was put down. This happens many times. Hence I prefer to send text message or email.

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Appraisal 87

Peak Business Valuation

AUGUST 9, 2024

An equipment appraisal offers a deeper look into the value of optometry equipment. In this article, you will find answers to FAQs about optometry equipment appraisals. We address what an equipment appraisal is and the importance of receiving one. Peak Business Valuation is a Certified Machinery and Equipment Appraiser.

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Appraisal Business Valuation Fair Market Value Liquidation Value 52

Appraisers Blog

AUGUST 30, 2024

AN APPRAISAL FAIRYTALE – The purpose of the AMC was an effort to separate the “bad” appraiser from the lily white mortgage brokers. It was just another situation and as always it was the bad appraisers fault. Appraisers were being told, in a suttle way of course, to not complain or they would get the axe.

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Appraisal Compliance Start-ups 97

Appraisers Blog

AUGUST 31, 2024

In reply to Retired Appraiser. Second, for you to summarily blame appraisers part and parcel for the current state of the industry is delusional ignorance. But sure, it’s all the appraisers fault. Third, I don’t appraise for ‘beans’ My average appraisal fee last month was $647.

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Appraisal Compliance 98

Appraisers Blog

AUGUST 30, 2024

After billions of consumer dollars in over-charging and loss of income to appraisers, this could have easily been discovered had the appraiser been allowed to include an invoice with the appraisal or disclosed the cost in the context of the report. Yet, someone thinks it’s a good idea to put them in charge of appraisers?

Appraisal 98

Appraisal Compliance Banking 98

Appraisers Blog

AUGUST 29, 2024

Why is he allowed to continue to negatively impact the appraisal profession? When will appraisers wake up? I think it is far past time for AI to also step up (as well as TAF, etc) More Craig Steinley failures?

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Appraisal 89

BV Specialists

JULY 29, 2024

The fact is that an appraisal expert cannot focus a significant amount of time on any one industry if they want to maintain steady revenue and grow their business. Appraisers go where the opportunities take them, regardless of the industry in which their clients operate.

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Appraisal Marketability 87

Appraisers Blog

AUGUST 31, 2024

A lot of starving appraisers were forced to take these fees due to the slowing market. Appraisers were told the decrease in fees was for the AMC, shut up and be happy you have work. Then the phone calls started from the borrowers inquiring why they were getting charged $750+ for their appraisal.

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Appraisal Compliance Start-ups Marketability 97

Appraisers Blog

SEPTEMBER 4, 2024

Appraisal Advisor was the idea of the son of the founder of Alamode, Biggers. He wanted to provide a truly useful tool to help appraisers because it was obvious then how exploitative the amc industry was becoming. Many appraisers paid into the sites development like a kickstarter type campaign. Of course the site does not work.

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Appraisal Compliance 98

Appraisers Blog

SEPTEMBER 4, 2024

The appraisers received a mere $14,601.87 (39.2%). So… $37,243 is only 33 appraisals. The Federal Housing Finance Agency (FHFA) published the 2024Q1 update of the Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File and Dashboards on June 27, 2024. Of that, the AMCs received $21,505.93 (57.7%).

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Appraisal Compliance Finance 98

Appraisers Blog

SEPTEMBER 6, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

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Compliance Appraisal 98

Peak Business Valuation

AUGUST 20, 2024

To do these activities accurately and efficiently, you may need an equipment appraisal. This article explains the steps for obtaining an industrial equipment appraisal. Peak Business Valuation is a certified machinery and equipment appraiser. Our team appraises industrial equipment across the country.

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Appraisal Business Valuation Marketability Compliance 52

Appraisers Blog

SEPTEMBER 6, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 98

Compliance Appraisal 98

Appraisers Blog

SEPTEMBER 2, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

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Compliance Appraisal 98

Appraisers Blog

AUGUST 30, 2024

Any appraiser that accepts a full 1004 assignments for $125 is pants on head absurd. You’re actively killing the appraisal profession, and running other good appraisers out, full stop. The bidding and accepting these fee’s is a race to our AI and AVM replacements.

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Appraisal Compliance 97

Appraisers Blog

AUGUST 31, 2024

Most people don’t care about the Appraiser but this is ripping off the consumer and the appraiser. Such greed with these AMC‘s. 84% gross profit margin is ridiculous.

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Appraisal Compliance 98

Appraisers Blog

MAY 7, 2024

Why is AI going to be allowed to be “ASSumed” more knowledgeable than an appraiser who actually saw the property with their own eyes? Seems time for appraisers to stop completing FNMA/FRMC work. While a pic can be worth 1000 words, they also can be very misleading. Steamy pile of horse manure.

Appraisal 98

Appraisal 98

Appraisers Blog

JULY 24, 2024

Clearly the author of the HW article does not comprehend that appraisals are not meant, in any possible way, to meet contract price. Appraisals are necessary to determine “market value” which may be at, above or below contract price. Why is that type of garbage “journalism” allowed?

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Appraisal Marketability 69

Appraisers Blog

AUGUST 31, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 98

Compliance Appraisal 98

Appraisers Blog

AUGUST 31, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 98

Compliance Appraisal 98

Appraisers Blog

SEPTEMBER 1, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 98

Compliance Appraisal 98

Appraisers Blog

AUGUST 31, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 97

Compliance Appraisal 97

Appraisers Blog

SEPTEMBER 3, 2024

I don’t attempt this with any prior appraisals done for AMCs because that would be a line crossed. I am a Broker Owner and own my own appraisal company. Since I am doing non lender work with estates, who contact me directly, there has been no line crossed. That’s probably the only way to do it.

Appraisal 98

Appraisal Compliance 98

Appraisers Blog

AUGUST 31, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 98

Compliance Appraisal 98

Appraisers Blog

AUGUST 31, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 98

Compliance Appraisal 98

Appraisers Blog

AUGUST 31, 2024

According to the Appraisal Regulation Compliance Council, the median average AMC fee charged to borrowers was 65% of the appraisal fee.

Compliance 97

Compliance Appraisal 97