Assigning appraiser for company with multiple appraisers

[Alcrawfo]

If there's an office of 3 appraisers and we are currently set up as 1099 contract employees, we all have our own profiles/accounts on various AMC's, but if we receive an order that a co-worker may be better suited for, we cannot re-assign the order. Does anyone know if our business structure were different and we were set up as W-2 employees, if it would be easier to re-assign orders amongst us? Like rather than them assigning to the person, would they assign to the company and then we could decide? How do larger companies handle this? Any advice or feedback would be wonderful thanks!

 

[CGinMN]

It is up to each individual client if they allow you to re-assign, and that's typically not a matter of your business structure.

 

[alebrewer]

Appraisals are theoretically assigned based on metrics that track individual appraiser SLA's. When appraisal shops are allowed to assign the orders internally, the lender (or AMC) cannot document their appraisal assignment practices - hence the reason appraisal orders are assigned to individuals instead of companies.

 

[BRCJR]

Appraisals are theoretically assigned based on metrics that track individual appraiser SLA's. When appraisal shops are allowed to assign the orders internally, the lender (or AMC) cannot document their appraisal assignment practices - hence the reason appraisal orders are assigned to individuals instead of companies.

Wish I could like that 100 times.

Every Appraiser that deals with a regulated lender should read the Interagency Appraisal and Evaluation Guidelines

 

[alebrewer]

Wish I could like that 100 times.

Every Appraiser that deals with a regulated lender should read the Interagency Appraisal and Evaluation Guidelines

Exactly!

 

[Tom D]

the lender/AMC picks the appraiser. unless you are very friendly with the giver out, you cannot change that. if the head appraiser is getting the order and signing as the supervisor than anybody can do it since he is taking responsibility for the work.

 

[John Hassler]

Appraisals are theoretically assigned based on metrics that track individual appraiser SLA's. When appraisal shops are allowed to assign the orders internally, the lender (or AMC) cannot document their appraisal assignment practices - hence the reason appraisal orders are assigned to individuals instead of companies.

This is why it is effectively impossible to be an appraiser shop business owner in the mortgage loan sector.

 

[Overimprovement]

Agree with all these answers....and yet, this is EXACTLY what is going on on a very large scale and is one of the things threatening to put the indie appraiser completely out of business.

So for those in the know, how ARE those large shops getting around all these well stated prohibitions?

It really seems to me the entire RES APP model is going to large AMC contracts directly with lender. These AMC's have a large staff of appraisers (could be 1099, could be W-2) to do what they are told to do. If they don't, they are fired. If times get tough, they are fired. If they don't meet quotas, they are fired. Any difficult assignments (crumbs) are allowed to fall off the table to us regular indie appraisers. I know this sounds cynical, but is it not accurate?

 

[CGinMN]

Can anyone cite the regulation that prohibits a lender from allowing an appraisal vendor to select which appraiser should complete each order?

 

[ucbruin]

"It really seems to me the entire RES APP model is going to large AMC contracts directly with lender. These AMC's have a large staff of appraisers (could be 1099, could be W-2) to do what they are told to do. If they don't, they are fired. If times get tough, they are fired. If they don't meet quotas, they are fired. Any difficult assignments (crumbs) are allowed to fall off the table to us regular indie appraisers. I know this sounds cynical, but is it not accurate?"

I believe this describes ALL JOBS....
But I have to admit, I haven't held ALL JOBS....