evalu through AMCO

[Debra]

Hello

Is anyone doing this e-value thing?

Does anybody know anything about this??

If so please tell me if you are doing it and anything else that you know about it...Thanks! Debra :?

 

[vargasteve]

I filled out the AMCO application in order to 'see' what the AVM technology was really about, and perhaps explore it a bit since it seems like a trend in the industry that won't go away. In addition the concept is sound & offers a $50 fee for approx 1/2 hour of research "assuming the property is actually an AVM canidate" which is the "real" issue. The rather extensive AMCO application was filled out, and I was impressed with their system as I went through the process / training ( 1 hour on the phone ). Prior to this I never have delt with a management company for my own reasons which some of you may identify with however I made an excemption in this case. Final verdict pending - but so far...

1) Actually I did receieve business from AMCO but not Evalu's - 2055's & such - (something I was not looking for)

2) AMCo did not appear to have thier 'finger on the pulse' of the files accepted by me (3 files ) upon looking into them required me to contact them AMCO for some reason - they do not provide a toll free # & don't send you an email address for contact. Of the 3 files they sent me 2 fell apart

3) I asked AMCO to remove me from their list other than Evalu's, but I did still recieved calls for a few orders. Still haven't receieve a AVM order

So, at this point I have only done the one file for them. They paid me in approx 5 weeks, I thought it was interesting that they shorted me $25 even though they asked me to agree to thier fee - I sent them a correction and am waiting for the reply. I still would like to try the Evalu program. We'll see. That's just my experience so far.....

 

[Mountain Man]

Never seen the form, does it meet USPAP?

 

[Pamela Crowley (Florida)]

I think this is the one where they provide an already filled in form with AVM data and want an appraiser with E&O to sign that they agree with the AVM conclusion.

Guess who's being line up for the law suits!

 

[Farm Gal]

Looks like several of the nationals are fighting over one or more big account(s) all wanting to check on either their portfolios, or get a spot check for slimy loans... or eliminate the need for 'real appraisals' (my money is on the latter...)

Conseco may be the primary client...

Most of the forms come 'auto-populated (by AVM) and then you the appraiser can either sign off on the comps or enter your own...

Like it or no I suspect that many of us shall be performing such services in the near future.... for now I am going to stay out of the water.

 

[Restrain]

If the client wants an estimate of value, they can order an appraisal. I'm not going to spend my time trying to put myself out of business. Just my 2 cents.

 

[vargasteve]

FYI : Actually - coincidentally - just after my ost on this website I received a (my first ) Evalu order. However, the order I recieved was in a county I do not cover or have data to support - unfortuantly I had to decline the order, no place on the system to expain why the decline / explain.