Fees Clear Capital

[J8012]

What kind of work have you been doing lately? Are you engaged in appraisal review ? Outside of reviewers, few appraisers see each other's work except on stray occasions.

If some appraisers dump software click results into a report, it is the result of the AMC industry, including it from time and fee constraints. The fact that the AMs amassed so much power and control, of course, has been the topic of threads and is the subject of discussion.

But even an appraisal that uses some click from software results is not the same as an AVM, though I understand the analogy.

I was reviewing until a year ago. The last report was so bad I was embarrassed for the writer. Clearly had been trained to pull from software (all of which was credited in the addenda) that loads tons of CYA and random data that was not only grossly inappropriate but rendered incorrect results. The appraiser didn't know what she didn't know. If the majority of appraisals are now populated by a software program and signed by a poorly trained appraiser why pay for them? I trained when you pulled comps from books, there was no program to write the report for me, I had to understand what I was doing and why I was doing it. Doesn't seem to be the way anymore, in much of anything IMO.

 

[J8012]

the system isn't broken...it's rigged

truth

 

[Dublin ohio]

Very few people, I hope, would accept those fees.
Sad if any appraiser does.

Low fee assignments are gobbled up around here before I can even counter. Btw I don't really counter, I just click on the order to see how fast it is taken. They are gone in a heartbeat

 

[Dublin ohio]

Here’s one posted on Facebook:


View attachment 101445

Just got his request a couple of days ago. 5000+ sf custom home on 2 acres, probably over a million.

Product:	1004 Full
Assignment Type	Refinance
Lender
Borrower(s)
Address	View on Zillow
Requested Due Date	07/01/25 3:00 PM CST

​

Our preliminary research indicates that this assignment may be considered complex due to the following characteristic of the subject property:

• Public data indicates a GLA of greater than 5000 sf.

Please research the property to confirm our preliminary findings for the market area and provide all additional reasons for complexity to
This appraisal assignment must be uploaded to the website in MISMO XML format. All MISMO XML files submitted must be no larger than 15 MB in size in compliance with UCDP delivery requirements.

Please click the links below to visit our website and provide a quote or decline this assignment.

• - $185.00

 

[glenn walker]

The low fee orders are filled because folk's need income. It's pure supply and demand. The fact is $275.00 was the fee we charged in 1990 or 35 years ago. The fact is very few can operate and survive at these fees but market's dont care about if you live or die.

 

[J Grant]

I was reviewing until a year ago. The last report was so bad I was embarrassed for the writer. Clearly had been trained to pull from software (all of which was credited in the addenda) that loads tons of CYA and random data that was not only grossly inappropriate but rendered incorrect results. The appraiser didn't know what she didn't know. If the majority of appraisals are now populated by a software program and signed by a poorly trained appraiser why pay for them? I trained when you pulled comps from books, there was no program to write the report for me, I had to understand what I was doing and why I was doing it. Doesn't seem to be the way anymore, in much of anything IMO.

Why was that appraiser chosen when more experienced and competent ones are available? ( and being starved out )

 

[glenn walker]

As a Lender you assume that anyone Cerified by their State Board has the competence to do basic appraisals.

We didn't have mind readers ordering appraisals and most had 10 or more years experience and decent resume and no complaints to State Boards.

Therefore asking someone why they didn't order appraisals from better qualified people is not your question.

 

[glenn walker]

Many older Senior aged appraisers can't live on SS and due to divorces and no retirement plans have to take what they can get no matter what the fee.

 

[Dublin ohio]

Why was that appraiser chosen when more experienced and competent ones are available? ( and being starved out )

You really have to ask?

 

[glenn walker]

You really have to ask?

You don't know until you try someone.
We had bad report's from so called highly trained and experienced appraisers who charged full plus fees. Price never seemed to equate to better quality.