Stop Accepting Unreasonable Fees

[Zee_in_AZ]

LOOKING AT IT DIFFERENTLY, $385 X 3 ORDERS/WEEK = $4,620/MONTH, OR $55,440/YEAR.....probably an obsolete, old school perspective but it's a great supplemental income that would reqiure no more than about 4 full days a week.

Doesn't make any financial sense. I'd go do something else with more upside if that were the case. Which I am.

 

[Zee_in_AZ]

If they separate fees on truth in lending disclosures, it will get better. Fastest and cheapest won't be an issue for an AMC if they survive with separation of fees.

I can see possibility AMC.s would go in competition against each other to big lenders and it would be ruinous competition for many to survive.

No it won't. They already put appraisal fees in settlement statements and I haven't heard anyone complain. If that were the case, title companies wouldn't be able to charge what they do, nor would loan officers. People don't care about the fee, but it's tha fact that it comes out of their wallet up front. If it were buried like the rest of the egregious fees lenders charged, it wouldn't be an issue because it's lower than most processing and admin fees.

 

[OSU Beavers]

The appraiser’s fee plus the AMCs cut are listed on a single line of the HUD-1 closing statement. The borrower paid $950 thinking that it all went to the appraiser. In reality the appraiser was only paid $400 minus tech and upload fees while the AMC pocketed $550 for delaying the process by several days.

 

[Retired-70]

Obviously that was my 1st response; and the advice I received was expected... "activate the ACE browser to receuve a response..."

Maybe your system is messed up. When I asked ChatGPT: "Somebody asked me: WHY am I receiving error messages to sign up for ACE brower to access my CHATGPT account?" it replied:

CharGPT: "Bert, I would be suspicious of that message. You do not need to sign up for or install “Ace Browser” to access a ChatGPT account. ChatGPT works in ordinary supported browsers such as Safari, Chrome, Edge, and Firefox.

Ace Browser is a separate third-party browser with its own built-in AI assistant. Its website describes it as an independent browser product; it is not an OpenAI requirement for ChatGPT access.

So if someone is seeing a message along the lines of “Sign up for Ace Browser to access your ChatGPT account,” I would advise them not to install anything or enter their ChatGPT password through that prompt. It could be an advertisement, a browser-extension redirect, or potentially something unwanted on the computer.

A good response to the person who asked you would be:

“You should not need Ace Browser to access ChatGPT. Go directly to ChatGPT in Safari, Chrome, Edge, or Firefox and sign in there. If something is redirecting you to Ace Browser, don’t enter your password or install anything until we determine what is causing the redirect.”

If you can get the exact error message or a screenshot, I can probably tell you whether it is merely an Ace advertisement, a troublesome browser extension, or something more concerning."

 

[Retired-70]

Maybe your system is messed up. When I asked ChatGPT: "Somebody asked me: WHY am I receiving error messages to sign up for ACE brower to access my CHATGPT account?" it replied:

CharGPT: "Bert, I would be suspicious of that message. You do not need to sign up for or install “Ace Browser” to access a ChatGPT account. ChatGPT works in ordinary supported browsers such as Safari, Chrome, Edge, and Firefox.

Ace Browser is a separate third-party browser with its own built-in AI assistant. Its website describes it as an independent browser product; it is not an OpenAI requirement for ChatGPT access.

So if someone is seeing a message along the lines of “Sign up for Ace Browser to access your ChatGPT account,” I would advise them not to install anything or enter their ChatGPT password through that prompt. It could be an advertisement, a browser-extension redirect, or potentially something unwanted on the computer.

A good response to the person who asked you would be:


If you can get the exact error message or a screenshot, I can probably tell you whether it is merely an Ace advertisement, a troublesome browser extension, or something more concerning."

You use Windows 11, you have to suffer its insanities.

 

[ZZGAMAZZ]

Maybe your system is messed up. When I asked ChatGPT: "Somebody asked me: WHY am I receiving error messages to sign up for ACE brower to access my CHATGPT account?" it replied:

CharGPT: "Bert, I would be suspicious of that message. You do not need to sign up for or install “Ace Browser” to access a ChatGPT account. ChatGPT works in ordinary supported browsers such as Safari, Chrome, Edge, and Firefox.

Ace Browser is a separate third-party browser with its own built-in AI assistant. Its website describes it as an independent browser product; it is not an OpenAI requirement for ChatGPT access.

So if someone is seeing a message along the lines of “Sign up for Ace Browser to access your ChatGPT account,” I would advise them not to install anything or enter their ChatGPT password through that prompt. It could be an advertisement, a browser-extension redirect, or potentially something unwanted on the computer.

A good response to the person who asked you would be:


If you can get the exact error message or a screenshot, I can probably tell you whether it is merely an Ace advertisement, a troublesome browser extension, or something more concerning."

I've been confused about so-called Chatty who is the CHATGPT rep, and the AI entity that responds to me when I pose a question in the Google homescreen search section. Two long time pals recently advised me that "CHATGPT is not your friend," per my educated former college roomie, and "CHATGPT is a sycophant," per my Benz indie mechanic. As an aside I try to refrain my relying on AI in my work, although TBH recently trusted my career [so to speak] by asking CHATGPT to respond on my behalf to a page-long Underwriting critique of the most difficult assignment of my life, withe the client stipulations that included a comment that "not enough market data is available upon which a credible opinion of value can be created." which pretty much confirmed my description of the unique characteristics of the property, although I waded through the assignment based on everything I learned from the AF over the years...

 

[J Grant]

Appraisers will need to raise fees to stay in business. The fees for the 2.6 were, imo, about 20% below the increased cost of living and inflation for the last several years from lenders, and if an AMC took a chunk of the appraisal fee, the remainder being paid to an appraiser in actual purchasing power is less than back in 1990.

Fees for the 3.6 should reflect the more difficult, detailed data and inspection, but also need to , whenever possible, reflect the fact that our volume is reduced by roughly 30% from WAIVERS and we are getting mainly the more time-consuming, difficult properties. If lenders need us around just to do the hard ones, we pay increased costs for insurance, MLS dues, portal fees, software, gas, everything. As for increased "efficiency," the schills are spinning it like AI or software will cut time in half. It might cut entry or other time in the report but will not cure the real world loss of effiency from the screw ups that happen nearyly daily - from a lender taking days to get needed information back to us about an assignment, chasing a RE agent or owner for days to make an appoitntment, the hands on resarch needed to find the right comps, the follow up work from an ROV or other post report delivery issues.

 

[ZZGAMAZZ]

Appraisers will need to raise fees to stay in business. The fees for the 2.6 were, imo, about 20% below the increased cost of living and inflation for the last several years from lenders, and if an AMC took a chunk of the appraisal fee, the remainder being paid to an appraiser in actual purchasing power is less than back in 1990.

Fees for the 3.6 should reflect the more difficult, detailed data and inspection, but also need to , whenever possible, reflect the fact that our volume is reduced by roughly 30% from WAIVERS and we are getting mainly the more time-consuming, difficult properties. If lenders need us around just to do the hard ones, we pay increased costs for insurance, MLS dues, portal fees, software, gas, everything. As for increased "efficiency," the schills are spinning it like AI or software will cut time in half. It might cut entry or other time in the report but will not cure the real world loss of effiency from the screw ups that happen nearyly daily - from a lender taking days to get needed information back to us about an assignment, chasing a RE agent or owner for days to make an appoitntment, the hands on resarch needed to find the right comps, the follow up work from an ROV or other post report delivery issues.

Thing I don't get is how n why supply-n-demand affect appraisers but not other licensed professionals. Friend of mine telling a story recently about a lawyer she hired for some reason or the other. She called him often to discuss the case, without realizing that he charged her for every call--although there must be 100's of other lawyers available. Or accountants or whatever???

 

[glenn walker]

Thing I don't get is how n why supply-n-demand affect appraisers but not other licensed professionals. Friend of mine telling a story recently about a lawyer she hired for some reason or the other. She called him often to discuss the case, without realizing that he charged her for every call--although there must be 100's of other lawyers available. Or accountants or whatever???

She's uniformed and the attorney normally advises client if their on the clock.

If he didn't let her know how he was billing her she could tell him
**** Off and file a complaint with the State Bar. Frankly i doubt it and bet she signed a retainer or is on contingency and if not don't pay.

 

[DWiley]

...should reflect the more difficult, detailed data and inspection

??? If an inspection for a 3.6 assignment is taking significantly longer than an inspection for UAD 2.6, then the appraiser is (or has been) doing something wrong. The additional data points in 3.6 are pretty minimal, and some of the additional items are things that appraiser should have been noting anyway and/or they were already noting in addenda.