AMC free bidding

[Amy Perkins]

I think we are used to being managed so it's high time we put on our big kid pants and be accountable. Besides our peers will be seeing it.

 

[ZZGAMAZZ]

The reviewers are appraisers and they bid on those as well and 6% because reviews are appraisals.

So a client, e.g., lender, lawyer, CPA, etc., who orders an appraisal pays the appraiser his or her agreed-upon fee as well as 6% for the internal review! If so, 6% of what? Is client involvement based on two Engagements? is the appraisal report and the review report provided to the client? What is the typical %age savings to a client? [just curious although it should be expected that you as the program administrator do so for a profit regardless of the egalitarian objectives? No need responding I'm just curious and also appreciate your endeavors.

 

[ZZGAMAZZ]

Who vets the reviewers?

At first I presumed that this was just a random comment, but the more I think about it, the more n more the review process is as critical as the appraisal.

 

[ZZGAMAZZ]

I'm still on a tirade about the Appraisal Independence tenet that precludes most AMC's from selecting an appraiser who the lending client has requested. How is that protocol addressed in your workflow???

 

[Amy Perkins]

So a client, e.g., lender, lawyer, CPA, etc., who orders an appraisal pays the appraiser his or her agreed-upon fee as well as 6% for the internal review! If so, 6% of what? Is client involvement based on two Engagements? is the appraisal report and the review report provided to the client? What is the typical %age savings to a client? [just curious although it should be expected that you as the program administrator do so for a profit regardless of the egalitarian objectives? No need responding I'm just curious and also appreciate

 

[glenn walker]

So a client, e.g., lender, lawyer, CPA, etc., who orders an appraisal pays the appraiser his or her agreed-upon fee as well as 6% for the internal review! If so, 6% of what? Is client involvement based on two Engagements? is the appraisal report and the review report provided to the client? What is the typical %age savings to a client? [just curious although it should be expected that you as the program administrator do so for a profit regardless of the egalitarian objectives? No need responding I'm just curious and also appreciate your endeavors.

Sign up and give it a try you have nothing to lose.

 

[Amy Perkins]

There is no AMC, its a platform that takes the UAD 3.6 form. The reviews are appraisals. Its 6% of the fee. Transparency. No keeping your fee for a month. No collection problems. Its going to cost something to run the site. It is just AMC free and includes attorneys or agents. Its a bidding platform.

 

[ZZGAMAZZ]

There is no AMC, its a platform that takes the UAD 3.6 form. The reviews are appraisals. Its 6% of the fee. Transparency. No keeping your fee for a month. No collection problems. Its going to cost something to run the site. It is just AMC free and includes attorneys or agents. Its a bidding platform.

Does a "typical" %-age of a "typical" client fee get swooped by an AMC? Once the system gains credibility, a big volume client could save $$$$$. Bottom line will client have wherewithal to select appraiser or does system auto assign based on fee quote? Can the appraiser's quote include narrative?

 

[Dublin ohio]

There is no AMC, its a platform that takes the UAD 3.6 form. The reviews are appraisals. Its 6% of the fee. Transparency. No keeping your fee for a month. No collection problems. Its going to cost something to run the site. It is just AMC free and includes attorneys or agents. Its a bidding platform.

So how does one communicate with the client if necessary

 

[George Hatch]

Sign up and give it a try you have nothing to lose.

Bump