AMG / USPAP Help.

Discussion in 'Fannie Mae, Freddie Mac, USPAP' started by heystorm, Feb 17, 2009.

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  1. heystorm

    heystorm New Member

    0
    Feb 17, 2009
    Professional Status:
    Certified Residential Appraiser
    State:
    Tennessee
    I am in the midst of starting a local AMG to meet new HVCC regulations. Any thoughts on any USPAP violations from a certified appraiser doing this. Also, any thoughts on USPAP violations for being a member in the appraisal pool myself.

    Thanks for any feedback

    hometowntn@gmail.com
     
  2. PropertyEconomics

    PropertyEconomics Elite Member

    0
    Jun 19, 2007
    Professional Status:
    Certified General Appraiser
    State:
    New Mexico


    Yeah I have some thoughts.
     
  3. leelansford

    leelansford Elite Member

    12
    Mar 29, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois


    What's an "AMG"?

    If you mean "AMC"...good luck with that idea. After all, in that case, we're all an "AMC".
     
  4. heystorm

    heystorm New Member

    0
    Feb 17, 2009
    Professional Status:
    Certified Residential Appraiser
    State:
    Tennessee
    due to your brief answer... I aassyme that you think what I think about AMG's. I met with ones last week that wanted to keep 40% of my fees. My thoughts are to pool some appraisers, start an AMG that can then provide the service to lenders, and then pass on a minimal cost to the borrower. I don't want to become the problem... I only want to find a solution for me and my fellow appraiser to try to hold on to our earnings. That being said.... I need legitimate answers to potential USPAP violations.
     
  5. heystorm

    heystorm New Member

    0
    Feb 17, 2009
    Professional Status:
    Certified Residential Appraiser
    State:
    Tennessee
    sorry... Referring to 'appraisal management group'. I agree with you thought that we should be able to function Independantly as we are. However, none of my lenders feel this way, and all are requesting that I be a part of one by may 1st. I'm trying to find a reasonable solution to have a say in the matter
     
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