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  #1  
Old 02-05-2009, 09:18 AM
LACKLAND27's Avatar
LACKLAND27 LACKLAND27 is offline
 
Join Date: Mar 2008
Location: Queens, NY
State: New York
Professional Status: Certified Residential Appraiser
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Default I just billed 75 marbles for a 1004MC

A nameless AMC sent me an order for a condo. It was 5 blocks from my house and the fee was reasonable. The order was for ABC funding. The special instructions stated that “IF” the order was for “XYZ Bank” it required a form 1004MC. Well being the order was for ABC lending and didn't require the 1004MC I accepted the order and sent it out.

I get a rejection notice and it NOW states the order is for XYZ Bank and where is the 1004MC. I note the original order sheet and say if you want the 1004MC that changes the SOW and requires a new order and the fee is + 75 marbles. They cried and moaned but accepted my terms.

I most likely won't see another order from them for awhile, but A- The satisfaction of was worth it! B- They ordered maybe 4 a month so no great loss there. C- I now have a 9-5 bank review job and really don’t give a CR@P any more!

BTW - My Geodata Plus data base gives you the 1004MC report on the closed sales when you run a CMA.
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  #2  
Old 02-05-2009, 10:16 AM
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GCJim GCJim is offline
 
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State: New Jersey
Professional Status: Certified General Appraiser
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Excellent LL27. I have not had the opportunity to provide a 'formal' 1004MC yet, but my intention is to CHARGE for it.
  #3  
Old 02-05-2009, 10:49 AM
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Mike Kennedy Mike Kennedy is offline
 
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Location: Southern Hudson Valley
State: New York
Professional Status: Certified Residential Appraiser
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let us know if you get a check and it clears. thanks.
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Old 02-05-2009, 09:00 PM
Claude From NY Claude From NY is offline
 
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Location: NYC - Long Island
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Love it. You dropped a smart bomb on them!
  #5  
Old 02-10-2009, 05:09 PM
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Pete Humphrey Pete Humphrey is offline
 
Join Date: Jan 2005
State: California
Professional Status: Certified Residential Appraiser
Posts: 461
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I had an rush order this Saturday for a pretty normal 1004 and charged my typical fee. Then I get an email after returning collecting COD from the broker saying the lender is requesting a 1004MC as well. I told her it's not even required by Fannie yet, but she says she still needs it. So, I just sent her an email saying, fine, but I'll have to bill you another $75.00 thru escrow for the additional work. Should be interesting to see her response!
  #6  
Old 02-11-2009, 09:10 AM
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LACKLAND27 LACKLAND27 is offline
 
Join Date: Mar 2008
Location: Queens, NY
State: New York
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Thats been my motto for years. Never say no, just say it cost extra. Good luck collecting.
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