Appraisal Start Program

[Eli]

Yup,

Bought by Corelogic.

Look for their Expo advertisement email, and read all the way to the bottom.

Coloumbia Institute owned by Corelogic.

.

I won't be doing any continuing ed through Columbia institute. They had some good courses through really good instructors who have left for other education providers. They have one here who sucks in my book. Bye bye!

Their really good instructors either started their own education programs or went to Mckissock.

I'm being stereotypical because I am only referring to locally.

 

[J Grant]

what is an AMC?

and what are independent appraiser doing to fight back. quietly accepting AMC work. do not feed the animals.

Many appraisers do not accept AMC work or only accept a limited amount. What are you going to do, offer to subsidize the rest so they can turn it down? The problem is that AMC's hire staff appraisers, and the staff appraisers run like hamsters on wheel to pump out volume to earn meager bonus for production and thus are the engine that drive AMC ability to sustain.

 

[djd09]

Many appraisers do not accept AMC work, really. Do you?

 

[J Grant]

I accept a limited amount for a couple of the better paying ones. I turn down 80% of AMC work offered. I could hire an assistant and take it on and make twice as much $ overall but choose not to.

Hopefully the thread can get back on topic.

 

[djd09]

So you donate to the AMCs. Then cry about their involvement. I see.

 

[J Grant]

Are you a dropout from the profession ,..

 

[djd09]

Now for the personal attacks.

Ask the Mod, everyone has been verified here.

You feed the bear, the bear comes around and wreaks havoc and you don't understand why. Poor JG, do you need me to subsidize your income?

 

[J Grant]

You started it , look at your own post 75. I asked a question which might be reasonable since you spend a lot of time here heckling other posters. and clogging up threads getting them off topic.

 

[J Grant]

Back to the topic; It's not AMC's that are the problem, its how they pay and treat appraisers and that is done complicit with the lenders who use them /are affiliated with them. Whether an appraisal is ordered from an AMC or from a lender, to the appraiser it is the fee and other expectations around an order that count.

Clearly AMC's and their affiliate lenders are astute enough to recognize it is their own low payment and poor treatment of appraisers that created the attrition and is not attracting sufficient new people to the profession. Instead of correcting that, because to do so would cut the profit stream, they lobbied for a reduction in training/education/supervision. Now part B is unfolding: how to entice easy to exploit newbies and avoid using the cert appraisers already in the area who might charge $5 more. . Thus the START program /others that may follow.

In every state except the 3 COW states there are plenty of licensed and cert appraisers either on the panel or available regionally who these companies will not use due to fee issues (often moderate $ difference covered by borrower paid)

Other lenders who pay decently are using these competent experienced appraisers . The chasm will become apparent in future when a bulk of reports start coming out from AMC's from trainees or newbies. Fannie and lenders can accept them; what the quality is and how the reports fare over time is unknown. Would love to see how it goes trying to get new appraisers or trainees struggling with the work to meet the 48 hour turn times.

 

[bnmappraisal]

The goal of AXIS and Joan Trice is NOT to train competent appraisers or ones that will know anything outside of the GSE box, the goal is to train new "appraisers" how to fill out the form as quickly as possible without any depth of knowledge about what they are doing.

I thought this was worth repeating MCG. I have a similar feeling this will be the goal of the "training" program.