My prediction on 3.6

[Tom D]

We are being asked, are you ready to take 3.6. Lenders are asking for them. But they don't ask you what your fee will be. And if you put a higher fee with only 1 place to put them, then what happens to you uad work load. It will disappear. So you do 3.6 cheap now until uad dies

I have not had 1 direct lender ask me if i am 3.6 ready. I have however have been starting to add up all the new subscription fees to be with the regular ones. My net will be going backwards, while everyone else is banking my lost profit.

 

[Zoe]

It's the AMC that is keeping appraiser wages down. Tax prep companies do not have a middle man that needs to double check the work that the tax preparer did. To which then, they would take 50% of the fee for doing basically nothing.

Amen

 

[Zoe]

Separate fees on truth in lending disclosures and market structure would change. AMCs would be forced to compete against each other

 

[Dublin ohio]

You guys haven't even done an AI assisted report and are burping up bs to virtue signal that the old way is superior without offering an alternative. You are gonna add 3 hours per report using alamode, for the same fee? Cmon people.

Pessimists always sound so damn smart.

Talk about burping up BS. I will have to assume that you work in appraiser nirvana where every county record and MLS printout is 100% accurate. Good for you. The rest of us work in the real world (except maybe RCA)

 

[Lycabull]

And trigger an increase in the usage of hybrids and waivers.

I suspect that trigger has already been pulled.

 

[Non Sequitur]

I suspect that trigger has already been pulled.

It has, that's why the GSEs invested in a national "Get the Facts" campaign promoting waivers/PDCs (Value Acceptance and ACE) and aren't worried about a bottleneck.

Another reason why indie appraisers are sunk. Go back and really listen to what True Footage (self-proclaimed largest W2 staff firm) is saying: Fees for 3.6 are not going up and the use of tech will dominate the market for faster turn times. I have stated it many times over the past 2 years after I attended the AMC Expo in Vegas - National firms and AMCs with staff are salivating because they see 3.6 as a chance to gain market share by not raising fees for 3.6 (in some cases lowering fees) and delivering reports in record times.

 

[J Grant]

It has, that's why the GSEs invested in a national "Get the Facts" campaign promoting waivers/PDCs (Value Acceptance and ACE) and aren't worried about a bottleneck.

Another reason why indie appraisers are sunk. Go back and really listen to what True Footage (self-proclaimed largest W2 staff firm) is saying: Fees for 3.6 are not going up and the use of tech will dominate the market for faster turn times. I have stated it many times over the past 2 years after I attended the AMC Expo in Vegas - National firms and AMCs with staff are salivating because they see 3.6 as a chance to gain market share by not raising fees for 3.6 (in some cases lowering fees) and delivering reports in record times.

These companies can only succeed if appraisers work for them for low fees or work on staff for low pay. Which leaves it up to appraisers to say, "no." If they offer a good fee, the no can switch to yes.

I can not imagine why they want fees to go down since the AMC takes a portion of it after all.

That is a very telling sales pitch True Tracks uses to get employees -making implicit threats is all we need to know about what it would be like working for them.

Their threat - fees will go down and tech (meaning THEM) will dominate the market. It shows complete disrespect and disregard for apparisers. "Tech" is not an appraisal; it is a tool. Let them promote their tool to RE agents or whoever. We need companies like this like we need a hole in the head. It is one thing to develop a software product and another thing to use that product to try to scare appraisers into working cheaply and working for them or else.

 

[Terrel L. Shields]

because he lives in one of the best beach side communities in San Diego

Not much surfing in Arizona...

 

[Bobby Bucks]

It has, that's why the GSEs invested in a national "Get the Facts" campaign promoting waivers/PDCs (Value Acceptance and ACE) and aren't worried about a bottleneck.

Another reason why indie appraisers are sunk. Go back and really listen to what True Footage (self-proclaimed largest W2 staff firm) is saying: Fees for 3.6 are not going up and the use of tech will dominate the market for faster turn times. I have stated it many times over the past 2 years after I attended the AMC Expo in Vegas - National firms and AMCs with staff are salivating because they see 3.6 as a chance to gain market share by not raising fees for 3.6 (in some cases lowering fees) and delivering reports in record times.

I hope that isn’t the case, but I fear you’re 100% correct. We have no leverage.

 

[J Grant]

I hope that isn’t the case, but I fear you’re 100% correct. We have no leverage.

Our leverage is not working for outfits like that.

At least not for the paltry pay they will offer.

There is a finite number of appraisers. These parasite companies need the appraisers, not the other way around. Software tools like True Footage are a dime a dozen now. Get their software if you like it, but why work for them? It will just empower the firms you fear taking over.