Comment on Bye Bye AMC: A Script to Sideline Appraisal Middlemen by Retired Appraiser
Appraisers Blog
MAY 17, 2025
In reply to ROM. Because it’s far easier to hide their overblown fee by marking up appraisals 100% and calling it the appraisal fee on the settlement statement. The amount of their extortion fee also depends on the success of each reverse auction (aka the assignment process) so they never have a set fee. Sometimes they can mark up the appraisal fee 100%, other times they may mark it up 200%.
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