AMC asking for UAD 3.6 fees, what's everyone thinking?

[Tom D]

My plumber made more $ in a couple of hours than 2 working appraisers.

Taking into account inflation from when i started the fee should now be $1,000, then add on the new increase. I would say appraisers have lost 50% of their real income buying power. And your income value will only decline more with less productivity.

 

[Tony Rings]

My plumber made more $ in a couple of hours than 2 working appraisers.

Taking into account inflation from when i started the fee should now be $1,000, then add on the new increase. I would say appraisers have lost 50% of their real income buying power. And your income value will only decline more with less productivity.

Yikes! Why do you think appraisers have settled for lower rates over the years?

And how many reports each week does your average appraiser complete?

 

[norapp]

One AMC sent an email asking me to choose from the selected amounts of how much more I would need for a fee. The top amount was $150.00. This is the crap we will be dealing with this year.

 

[LesPaul59]

Anyone else starting to get emails from AMCs about UAD 3.6? I just got one saying they’re adding 3.6 products and asking us to set fees soon. From what I’m seeing, this looks more complicated and more time consuming than our current 1004/1073/1025 workflow.

In my area (Los Angeles), as I know, typical fees are roughly
1004 / 1073: $350–$600
1025: $550–$800

I’m trying to figure out a fair way to price this without being a lowball bidder or racing to the bottom, especially since it looks like more work and more time. I’m curious how everyone is thinking about pricing for UAD 3.6. Are you planning to bump fees across the board? Treat it like a new product tier? Or just keep it close to current fees at first and adjust later?

I know not everyone will share exact numbers, but I’d love to hear how you’re thinking about it and what strategy you’re leaning toward. This rollout feels like it’s going to change our workload pretty noticeably.

Are you an appraiser?

 

[Dublin ohio]

Why do you think appraisers have settled for lower rates over the years?

Way too many appraisers willing to do a 1004 for low fees have kept fees down. Hard to compete when you have appraisers doing a 1004 for $250-$300

 

[chad hampton]

Appraisers haven't set their fees in years.