Eappraiseit's Preferred Appraiser Requirements

[Scott Kibler]

Maybe. Hanging around the AF always gets me thinking about conspiracy theories. Also makes me wonder why appraisers constantly jab themselves in the feet while jousting at windmills.

 

[rescom]

you must be privy to information the rest of us aren't. Who said ALL lenders will be using AMCs? I have not read that anywhere. All I have read is that FNMA/Freddie will not accept Broker ordered appraisals. So am I to assume that every appraisal performed in the past several years ended up on FNMA/Freddie's books? There are quite a few folks out there who will tell you differently. Was I once a peon?, of course we all were. I was hired by an appraisal firm straight out of college many years ago. I took my classes with the Institute as they were the only game in town back then. I have and will always be grateful for the opportunity I was given but truth be told, it was just a job out of college, nothing more. I didn't know many years later I would still be doing it.

I was never a peon. Sorry to hear that you were. Kind of strange that you would constantly goof on your own kind. "It was just a job out of college". Sounds to me like you didn't take it seriously then, right? And you're goofing on the trainees of today? Please think about what you are saying before you attempt to back pedal any further.

So I'll tell you what Rescom, when you get the "facts" like you stated about where will be 9/1/2008 please let us all know, right now you are just making assumptions from a few press releases. Nothing has been carved in stone..

Ok. I am just stating the "assumptions". Hows that? Do you feel better now?

 

[Mary Tiernan]

I think it is a shame that no one can come on here without being bashed about their clientele.

Why not just change the name to anti-AMC appraisers forum?

There is a lot of assumptions going on - the anti-AMC crowd assumes anyone who works for AMCs are incompetent and ignorant and that the AMCs only try to pressure appraisers.

All you old-timers assume if a person hasn't been licensed for five years they are not as smart as you and don't deserve to have opinions.

Your rules are: do not work for mortgage brokers, do not work for AMCs, and unless you have 10 years' experience you have no business doing estate, divorce, or other lawyer work.

So, I guess anyone who hasn't been licensed "as long as you" should just sit back and wait for you all to retire to try to get your "long time" clients.

I work for two AMCs pretty much full time, I have never been pressured, I never receive an estimated value, and if a question arises about a report I have completed, I am contacted by someone in the appraisal review department with experience who has automatically taken my side, just wants a little more information so they can support me fully.

My fees are my business - but they are no where near what some in the more expensive areas of the country would insist I charge. Guess what? If I charge what you all insist all appraisers charge, I would only have to do 4 appraisals a month to pay all my bills!!!!!

But, hey, I am incompetent and don't know enough, so why even bother?

 

[Greg Bell]

Licensed appraisers unite!(16 years)

 

[Kevin Mc]

Hmmm.

I think it is a shame that no one can come on here without being bashed about their clientèle.

agreed.

Why not just change the name to anti-AMC appraisers forum?

We have specific threads for that Mary.

There is a lot of assumptions going on - the anti-AMC crowd assumes anyone who works for AMCs are incompetent and ignorant and that the AMCs only try to pressure appraisers.

Who said that? Who posted such nonsense? Some who work for AMCs are incompetent no doubt,but many who don't are also incompetent. Some AMCs do in fact try to pressure appraisers, it has been noted here many times.

All you old-timers assume if a person hasn't been licensed for five years they are not as smart as you and don't deserve to have opinions.

Aren't as experienced yes, as smart who knows. I can't split atoms I know that. Everyone is entitled to their opinion.

Your rules are: do not work for mortgage brokers, do not work for AMCs, and unless you have 10 years' experience you have no business doing estate, divorce, or other lawyer work.

Who stated this? I would like to take them to task. I work for mortgage brokers (ethical ones) I don't work for AMCs (ridiculously low fees in my market) and I have encouraged (and cannot encourage enough) for people to diversify and go out and get Legal work. All one has to do it get off their arse and go knock on some doors. It won't come to you. Mulitiple years experience is not needed for divorce or estate work. It is simply market value stuff. I do think no one should be reviewing others appraisals without 5-10 years experience because the bulk of learning appraisal takes place over years of field work, not in classrooms. Experience does sometimes count.

So, I guess anyone who hasn't been licensed "as long as you" should just sit back and wait for you all to retire to try to get your "long time" clients.

My long time clients are as old(if not older) as I am. Don't sit around and wait for anything. Get your own butt out there. Again, for the most part they Won't come to you.

I work for two AMCs pretty much full time, I have never been pressured, I never receive an estimated value, and if a question arises about a report I have completed, I am contacted by someone in the appraisal review department with experience who has automatically taken my side, just wants a little more information so they can support me fully.

I'm glad you have found a good working relationship with them. Good for you.

My fees are my business - but they are no where near what some in the more expensive areas of the country would insist I charge. Guess what? If I charge what you all insist all appraisers charge, I would only have to do 4 appraisals a month to pay all my bills!!!!!

They are your business. However if you are undercutting your fellow Michigan appraisers by going out and doing field reviews for $65 and URARs for $100 you are stabbing your fellow appraisers in the back and as Tony V. stated a few days back, committing professional suicide. Now here is where "old timers" like myself draw the line. AMCs have been around for many years. I have worked for them over the years. During the course of that time I have watched their demands (turn time,additional comps etc...) increase and their fees drastically decrease. Many sign this off to supply and demand (some truth to that) and others like myself think otherwise. I know many appraisers who work for AMCs at reasonable fees and pick and choose assignments. I also know many who keep taking less and less week in, week out and say " that is just the way it is" or "it is better than nothing". These folks are leading the race to the bottom. Experience tells me that.

 

[bhowe70]

I agree if you set up with an AMC you can list what you will do the work for. Pick your figure not theirs. They will tell you that their "#1" does it for $165 or whatever but we don't have to drop down to meet that. I do not think it's healthy when an AMC sends you a bulk of their business in an area. Then they own you. So what if you only get 1 out 15-20 as opposed to 10-12 out of 15. Get more business vendors. It's better to get 1 order from 25 different clients than 25 orders from 1 client.

 

[LA Woman]

AMC Price Fixing

Does this sound like price fixing to anyone?

[URL="http://en.wikipedia.org/wiki/Price_fixing"]http://en.wikipedia.org/wiki/Price_fixing[/URL]

Sounds like price fixing to me! Don't do it!

 

[texaskeith]

An Idea

If it comes down to AMC are mandatory, then we as appraisaers should have a cost risk analysis done. The AMC can collect a standard fee for their clerical work , it would severe the LO and broker pressure and more than likely our fees would double.
I asked a buddy of mine whom is a lawyer and use to work for IBM , so he is credible what should I charge for the risk I assume preforming an appraisal? Without going into specifics the amount was not three digits it was four. I was shocked because this is how business is done in other industries. Of course this would give a modest home owner sticker shock but I'm sure it wouldn't be the first or last.
Has anybody ever heard of someone bringing this up? Scope of work Scope of risk Scope of pay. I'm not greedy but I definately don't want a pay cut.

 

[dobie]

agreed.

During the course of that time I have watched their demands (turn time,additional comps etc...) increase and their fees drastically decrease. Many sign this off to supply and demand (some truth to that) and others like myself think otherwise.

I am one of those who believes that AMC's have exploited appraisers almost exclusively due to the oversupply of appraisers. I am interested, however, in other theories. Care to opine further?

 

[Greenback]

AMC's suck.

If I had a choice to work with mortgage brokers or an AMC, I would prefer to shoot myself. Slavery isn't worth it. Both of them promote economic slavery.

Sincerely,