AMC's will always be out there. Make a buck off of someone else's back. I was a banker once, the AMC sales rep. would come into the office with Bagels and Cream Cheeze, (a New York thing) smile and say. "We only use the best appraisers, all work is done in 48 hours and reviewed by our QC department, AND we can do it for $$$ amount, saving, you time, money and underwriting expence".... Crock of sh*%.
They will hire "skippy's" who will work for less, and have no work, so they can give 48 hour turn time. Pam Crowley, I know where you are, been their twice. EVIDENCE is key. I have saved every email from every banker/broker in the past 2 years that was "grey area fraud". NYS Atty General's Office has copies as well as voice recordings of personal/professional threats.
The AMC's, after I quote my fees, come back with...."Your fees are over the acceptable range" or "your fees are beyond the anticipated for your market".
Of course they are trying to manipulate fees. I only wished I had kept copies of email from AMC's rejecting me for my fees.
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Petition this, petition that. Geesh! I don't even know what this guy wants to accomplish. Ban all AMCs? For what purpose? I work for one AMC who's very good, pays my fee (on time, no less!), and is very professional and good to work with. If you don't like who you're working for, the answer is simple. GET BETTER CLIENTS!!! Free market, ya know?!
