You don't get it. The AMC has no part in the appraisal fee the lender sets. The AMC fee is what the LENDER pays them. The appraisal fee the lender collects is set in stone. It is not going to change....just like a credit report. It is between the lender and borrower. Once the lender is ready to order an appraisal, THEY choose the AMC. There is no reason for the closing statement to show what the AMC received. The borrower knew up front what the appraisal fee was and they paid it to the lender. Some of us have been in dozens if hot hundreds of closings and or sat in the closing as a buyer, seller, listing agent of selling agent. I have been at the closing table close to 100 times in one capacity or another. NEVER have I heard anyone question the appraisal fee, because it was set and paid long before closing. Some appraisers think AMC fees are a big issue with buyers. It is not. It is only a big issue with appraisers who are either new, have a slow workload or are not trying to negotiate higher fees. Appraisers want higher fees coming to them.....I am not sure many of us are worried enough about the borrower to give them money back. A current issue is that Trump and those in the administration say they want to lower the cost of buying. I fully expect appraisal fees will be one of the targets.
