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Frisco FLS's strange question

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I told them $50 less than normal.
 
What's your regular fee for a 2055?
 
The 1004 is an interior product only because Fannie/Freddie said so and the certifications make it so. If Fannie/Freddie waive the prohibition against changing the certifications... then no problem. USPAP is silent about the forms... as long as your appraisal was developed in compliance with Standard 1 and reported in compliance with Standard 2.
 
Sean Sutton said:
They are just trying to drive down fees. Skeezers! This is the same company that sent out an email about a week ago asking for THEIR orders to be prioritzed. NOW, they want to use the COVID 19 ordeal to drive down fees. Ummmm hmmmmmm.

We are covered up with full fee work. Why would you do a driveby for $300? Everyone except these clowns are paying $450-475 for a full 1004. They still only pay $375 for a full 1004...now they want a discount on driveby? They can kick rocks.

Also, what do the borrowers care about the appraisal fee? They are not looking for a discount...they couldn't care less. AHHHHH, perhaps the AMC is going to make a little more if they can get a bunch of appraisers to do driveby's for $300.
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Or...instead of it being a terrible, mean AMC trying to "drive down fees" they are just responding to the new FNMA/FHLMC guidelines for exceptions due to coronavirus regarding desktops and exteriors and seeing what money appraisers would expect for them..An actual market survey, like their market survey says, not an evil agenda..At least they asked?

Also they asked to prioritize their purchase orders over their refi orders correct? They didn't ask for anyone to give them priority. I could care less either way. They are about $50 short of typical in my area but generally have easy ones with no revision garbage. I partake occasionally with them.

Nearly every lender/AMC is sending out something similar on the new guidelines just like they have about inspection protocals.
 
KYLECODY said:
Or...instead of it being a terrible, mean AMC trying to "drive down fees" they are just responding to the new FNMA/FHLMC guidelines for exceptions due to coronavirus regarding desktops and exteriors and seeing what money appraisers would expect for them..An actual market survey, like their market survey says, not an evil agenda..At least they asked?

Also they asked to prioritize their purchase orders over their refi orders correct? They didn't ask for anyone to give them priority. I could care less either way. They are about $50 short of typical in my area but generally have easy ones with no revision garbage. I partake occasionally with them.

Nearly every lender/AMC is sending out something similar on the new guidelines just like they have about inspection protocals.
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No they didn't. This is from the email "They have asked if our panel could “hold spots” for purchase orders." Hold spots for who? The cheapest bidder on the block?

IMO, The Frisco market survey is just a cover to avoid taking the high road. We all know what the going rate is. We all for sure know that appraisers don't want a pay cut. Do you think they are going to broadcast what their plan is? That they are just going to tell us that they expect us to take a pay cut?

Why would they even think its OK to ask? Just do the right thing. Send out an email and tell everyone that fees are staying where they are, regardless of the product ordered by the lender. We appreciate your hard work, etc. Why? Because its the right thing to do. They can continue penny pinching, reversing auctioning the appraisal assignment process once this is finished.

This particular AMC is super price sensitive and always has been. If you ask for a $25 increase, they reassign the order. NONE of my clients are that finicky... and I have a lot. It would sure appear that their ONLY criteria when assigning an order is fee. It is no surprise they are the first to broadcast how they are cutting fees given the first opportunity to do so.

I hope all my competitors stay busy "holding spots" for them and doing drivebys!
 
Sean Sutton said:
No they didn't. This is from the email "They have asked if our panel could “hold spots” for purchase orders." Hold spots for who? The cheapest bidder on the block?

IMO, The Frisco market survey is just a cover to avoid taking the high road. We all know what the going rate is. We all for sure know that appraisers don't want a pay cut. Do you think they are going to broadcast what their plan is? That they are just going to tell us that they expect us to take a pay cut?

Why would they even think its OK to ask? Just do the right thing. Send out an email and tell everyone that fees are staying where they are, regardless of the product ordered by the lender. We appreciate your hard work, etc. Why? Because its the right thing to do. They can continue penny pinching, reversing auctioning the appraisal assignment process once this is finished.

This particular AMC is super price sensitive and always has been. If you ask for a $25 increase, they reassign the order. NONE of my clients are that finicky... and I have a lot. It would sure appear that their ONLY criteria when assigning an order is fee. It is no surprise they are the first to broadcast how they are cutting fees given the first opportunity to do so.

I hope all my competitors stay busy "holding spots" for them and doing drivebys!
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It does seem a little opportunistic, taking advantage of a situation to see if they can save a buck. I would argue there's hardly any less work (in terms of time) when you account for everything but I don't work with them fortunately.
 
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