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Do you Bank with Banks that use AMC's?

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GCJim

Thread Starter
Senior Member
Joined
Dec 11, 2007
Professional Status
Certified General Appraiser
State
New Jersey
Do you do your Banking with banks that use AMC's?
I am in the process of changing banks, opening business account, etc, etc. I'm finding it difficult to find one.........
Any suggestions for good, non-AMC-oriented banks out there? (ARE there any??) I'd be interested to get your different takes on this.
 

JRS at OBX

Elite Member
Joined
Jun 13, 2006
Professional Status
Certified Residential Appraiser
State
North Carolina
I'm switching the business account from RBC to a local bank. RBC used to send me plenty of work, now they go through Trans-onion or fiserv. Neither of them send me any work.
 

GCJim

Thread Starter
Senior Member
Joined
Dec 11, 2007
Professional Status
Certified General Appraiser
State
New Jersey
Small local ones?

ANY! It appears I will have to do my homework and survey them individually up here, unless you folks can recommend larger regional or nationwide banks that you have found to be more 'appraiser-friendly' than others, or even, which banks to avoid completely. I think I may have to go with a small local bank......we shall see. Any and all advice is much appreciated.
 

Dennis

Sophomore Member
Joined
Jan 17, 2002
Professional Status
Licensed Appraiser
State
Alabama
I'm switching the business account from RBC to a local bank. RBC used to send me plenty of work, now they go through Trans-onion or fiserv. Neither of them send me any work.

RBC moved into the area and it looked like a great opprtunity. Contacted Fiserv and the rep said he would also throw all RBC work and another banks orders my way - and then he sent the fee schedule. I tried to get them to up the fees to a more reasonable level, but they wouldn't move one bit.

I'd love to know who is doing the RBC work for thier extremely low fees. I'm sure homeowners are paying two to three times more for the appriaisl than skippy is getting for doing it. You have to be a 'skippy' cutting corners or you are working yourself out of busniess by doing work for their fees & turn times.
 

Tom Woolford

Elite Member
Gold Supporting Member
Joined
Nov 20, 2005
Professional Status
Certified Residential Appraiser
State
Florida
I have always done my banking with small local (generally State) banks. Better service, they really get to know you etc. If they get bought out, I'll find another one.
 

Thomas Fiehler

Senior Member
Joined
Jun 2, 2003
Professional Status
Certified General Appraiser
State
Ohio
I use a small community bank with an office about 2 miles from my house. Checks are available next day after depositing them and you can actually talk to a person if you have any questions!
 

JRS at OBX

Elite Member
Joined
Jun 13, 2006
Professional Status
Certified Residential Appraiser
State
North Carolina
RBC moved into the area and it looked like a great opprtunity. Contacted Fiserv and the rep said he would also throw all RBC work and another banks orders my way - and then he sent the fee schedule. I tried to get them to up the fees to a more reasonable level, but they wouldn't move one bit.

I'd love to know who is doing the RBC work for thier extremely low fees. I'm sure homeowners are paying two to three times more for the appriaisl than skippy is getting for doing it. You have to be a 'skippy' cutting corners or you are working yourself out of busniess by doing work for their fees & turn times.

A banker with RBC called me the other day. He wanted to take me out to lunch and try to sell me some new services that they offer. I told him that I would shortly be closing my accounts with RBC and told him why. I sell services to banks. Banks that don't use my services can't expect me to use theirs. He said he couldn't do anything about that. I told him that I could.... :rof:

Fiserv was terrible. They wanted me to pay them to run a background check. The NCAB ran a background check on me. If that isn't good enough for them, too bad. With their fee schedule, it would have taken a lot of appraisals to make up for the background check cost.

They did send me a review once. They definitely get what they pay for. I seriously disagreed with the appraisal. I never got anything else from Fiserv. woohoo
 

Couch Potato

Elite Member
Joined
Mar 15, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
I "bank" with a credit union, not a bank. LOL
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
I only bank with banks who do business with us. No real estate biz, no money biz. As you can expect, none are big box banks who use AMCs.
 
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