Customary and reasonable for 3.6 form

[Doug Wegener]

Customary and reasonable for 3.6 form?

 

[OSU Beavers]

I am not even getting the C&R fees as noted on the VA Appraisal Fee Schedules and Timeliness Table

https://www.benefits.VA.gov/HOMELOANS/appraiser_fee_schedule.asp

UAD 3.6 should be higher than those!

 

[Doug Wegener]

42.9% say $100. Don't work so cheap. This is the time to put the squeeze on those who been squeexing us. Minimum $200 more.

 

[chad hampton]

I wonder if any state board will require their fee study, as they're required to?

 

[Bob Ipock]

I wonder if any state board will require their fee study, as they're required to?

The bigger issue is that no one can or will enforce the C & R. It has been tried and failed.

 

[NC Appraising]

C&R fees are what ever the AMCs say they are. They are in control. They control the market.

 

[sputnam]

C&R fees are what ever the AMCs say they are. They are in control. They control the market.

The AMCs are not in control of the fee you are willing to accept.

 

[Tawfik Ahdab]

C&R is set by the fees we obtain from the good clients we want to keep, not the insults thrown at us by bottom feeders.

 

[Tom4value]

This is a big change. The learning curve is high to fill in the form….that’s what it is, a form. The hype is BS. Once we learn it and are comfortable with it, it won’t be all that more difficult.

Yes, we will charge a bit more but keep in mind, the appraisal waivers are still an option for a lot of borrowers. I contend that most don’t use that option because buyers are willing to send the money for piece of mind that what they are buying is worth it. If we go too high, they may change their minds.

 

[Jayjay25]

3.6 is being forced on the independent appraiser and will increase our time, liability and workload per report. Here’s what I have experienced and others have also reported.

Time consuming learning curve
Glitchy, unready programs
Unresolvable errors
Time consuming drop downs menus
Huge increase in reporting data points
Sketch integration issues
Unresponsive tech support

And don’t forget, more data points equal increased liability and more items for revision requests. The underwriter/reviewers learning curve will also take up the appraisers time with increased revision requests while they try and figure out this mess.

Our workload per report is going to increase substantially due to glitchy programs, hard to resolve errors, more data entry, increased revision requests not to mention the increase in costs, the need to carry 2 programs (2.6&3.6) and increased liability. These changes that were forced upon us are barely functioning and are going to create backlogs and huge headaches for both reviewers and appraisers. Staff underwriters working 40 hrs a week will review less appraisals for the same wage or make more by working overtime.

It seems fair to me that low paying AMC fees should be increased by 50-100% depending on how little they pay the appraisers. Fees should be increased by 25-30% for direct order clients who pay true reasonable and customary fees.