• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

evalu through AMCO

Status
Not open for further replies.

Debra

Thread Starter
Senior Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Tennessee
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

Junior Member
Joined
Jan 21, 2002
Professional Status
Certified Residential Appraiser
State
California
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

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
Never seen the form, does it meet USPAP?
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
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

Elite Member
Joined
Jan 14, 2002
Professional Status
Licensed Appraiser
State
Nebraska
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

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
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

Junior Member
Joined
Jan 21, 2002
Professional Status
Certified Residential Appraiser
State
California
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.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks