Appraising is like a minimum wage job.

[George Hatch]

You've posted hundreds of times stating that nobody cares what happens to appraisers or if they are satisfied with their fees. So you do not have to post it repeatedly, but you love deflating appraisr by post it, so carr on. One would expect other appraisers to care, and many do, but you don't., and in fact, seem vested in a system like this app to reduce them further.

Idk why, but to teach their own

I think the kids call that tone policing. You can't argue the point so you'll just criticize how my comment makes you feel.

That isn't a question.

 

[sputnam]

For mortgage lending work, the lender quotes the borrower a fee and then can not deviate it - so the appraiser has to do the appraisal for that fee, whether rit takes 5 hours or 10 hours.

Unlike most RE professionals, appraisers can not charge on a sliding scale percent of the value/price and do not typically charge by the hour. While that can work in their favor on some assignments, overall, it does not work in their favor.

The appraiser does not have to accept any assignment... nor settle for a fee that is lower. Yes, the Lender's requirement to give the borrower a good faith estimate of costs is the reason that the Client wants a set fee. That is their problem to deal with. If you choose to, you can just accept the fee they offer. Or, you can negotiate.

As for a fee based on a percentage of the value/sales price... doing that is a USPAP violation.

 

[Zoe]

I think the simple procedure of separating APPRAISAL/AMC fees on truth in lending disclosures would create intense competition between amccs.

Lender A AMC gets $X. Lender B AMC gets $X.

It would force amccs to compete against each other in what could be ruinous competition.

AMC Z says I will charge $15 for my AMC fee. Can you compete with that AMC A?

 

[J Grant]

I think the kids call that tone policing. You can't argue the point so you'll just criticize how my comment makes you feel.

That isn't a question.

I don't argue the point; I argue why you need to post it 1000 times. Surely, you must be aware that it deflates appraisers ( not just me ) to hear it. You must feel something to make you post something so obvious so often - contempt that nobody understands it, so you must post it repeatedly? Happiness that appraisers are losing income? What do you feel that makes you post it so often?

 

[J Grant]

The appraiser does not have to accept any assignment... nor settle for a fee that is lower. Yes, the Lender's requirement to give the borrower a good faith estimate of costs is the reason that the Client wants a set fee. That is their problem to deal with. If you choose to, you can just accept the fee they offer. Or, you can negotiate.

As for a fee based on a percentage of the value/sales price... doing that is a USPAP violation.

I am aware that charging a fee for appraisal based on a percent of the sale price or value is a violation, I pointed it out that because of the USPAP violation of doing so, it puts appraisers at a disadvantage to other RE professions, who do charge a sliding scale or % fee of a sale price or mortgage loan amount.

Clearly, an appraiser is free to accept or reject a fee, including the C and R fee lenders offer their panels.

 

[J Grant]

I think the kids call that tone policing. You can't argue the point so you'll just criticize how my comment makes you feel.

That isn't a question.

Adults, including adult men, recognize that people are comprised of a psyche and feelings, and that is a pattern of gaslighting to claim their viewpoint is neutral, logical and not driven by feelings, whereas the other side is, (particularly if it comes from a female )

Appraisers feel bad about the repeated denigration of their right to a fair fee , which is law btw for GSE-regulated work, but it got corrupted in the AMC model -appraisers "feel bad" about it because it normalizes the efforts to lower C and R, and advocates for it. Your posts on the topic are not neutral, and they do advocate for a more widespread dismantling of the safeguards for C and R. Why would you expect appraisers to be happy about that or neutral about it?

How would you feel if you returned home one day and your house got burned down? Would you feel nothing and start explaining how a spark and oxygen can mix to create heat ?

 

[Mark K]

Why would you expect appraisers to be happy about that or neutral about it?

Nobody says appraisers should be happy about it but some of us think that appraisers should be objective and mature enough to understand the vagaries of the business world. Appraisers are not in control of the Trillion $ mortgage business (good thing from what I've seen), they are a tiny cog in a huge machine and some tend to vastly overestimate their importance in the equation.

Perpetually whining about the state of the appraisal business isn't helping anyone. Don't btch about the darkness, light a candle. Do something to improve your situation. There are options. Nobody is putting a gun to your head forcing you to appraise SFR for the rest of your career. Will it be easy? No. Very few worthwhile things in life come easy.

You can continue to be the SFR appraisal cheerleader but your team is losing ground and it is very unlikely that it will regain any. Call that fact 'being negative' if you will but the ostrich approach isn't going to serve anyone well.

Adapt or start practicing the phrase "Would you like to supersize your combo?"

 

[George Hatch]

I don't argue the point; I argue why you need to post it 1000 times. Surely, you must be aware that it deflates appraisers ( not just me ) to hear it. You must feel something to make you post something so obvious so often - contempt that nobody understands it, so you must post it repeatedly? Happiness that appraisers are losing income? What do you feel that makes you post it so often?

I keep repeating it to you because you keep making the argument that the other parties are SHOULD care beyond whatever point of diligence they think is sufficient to purpose.

As long as there is any demand whatsoever for appraisals in the mortgage lending business there will be people who will be willing to do the work for whatever fee the market will bear. It won't be everyone who is currently in the business but then again it doesn't have to be everyone. My thing has been and continues to be that it is in the appraisers' best interests to sell the level of SOW and the level of service that the users and clients want to buy. That won't always consist of the conventional 1004. Or the 100-page narrative that many of the CGs want to sell for everything they do.

I think I might have done 2 narratives in the last year, which is about what I have normally averaged ever since I switched over to my own forms. That's what my particular clients consider to be sufficient to purpose and its what they want to buy.

 

[George Hatch]

Adults, including adult men, recognize that people are comprised of a psyche and feelings, and that is a pattern of gaslighting to claim their viewpoint is neutral, logical and not driven by feelings, whereas the other side is, (particularly if it comes from a female )

Appraisers feel bad about the repeated denigration of their right to a fair fee , which is law btw for GSE-regulated work, but it got corrupted in the AMC model -appraisers "feel bad" about it because it normalizes the efforts to lower C and R, and advocates for it. Your posts on the topic are not neutral, and they do advocate for a more widespread dismantling of the safeguards for C and R. Why would you expect appraisers to be happy about that or neutral about it?

How would you feel if you returned home one day and your house got burned down? Would you feel nothing and start explaining how a spark and oxygen can mix to create heat ?

If other peoples feelings meant that much to me I wouldn't be in the appraisal business. I'd be a broker chick and I'd be heavy into Facebook and Myspace.

My spirit animal is Sgt Joe Friday. Not Oprah.

Oh, and FYI: Men are not deficient or underdeveloped women. They don't need to be fixed. What they need is to do better at what they do.

 

[alebrewer]

they are a tiny cog in a huge machine and some tend to vastly overestimate their importance in the equation.

And some take this stuff WAY too seriously... there are appraisers out there that actually believe they are making a difference.