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It's just the way it is set up. AMCs are literally drug dealers.

The bank charges the customer 650 for an appraisal and the AMC's job is to get it to someone who will do it the cheapest and fastest... so they can keep as much of the fee as possible.

I remember a few years ago they started requiring us to disclose the fee in every report... and I don't know what that does for anyone. It sure hasn't meant anything good for appraisers.

It really sucks in times like these when things are slow. 2021-2023 you could double your fees and just get auto assigned work... now everything is a quote request.
I think AMC must disclose their fees from the bank or lender, so we know it's reasonable or not... We work asss off, but the middle man takes ridiculous amount of money. I'm so sad
 
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