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Help us build a better appraisal solution

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Go away. You bother me. All you are trying to do is cut costs and that cut comes solely from the appraisers pocket. No one else's. The appraiser gets little besides the LIABILITY and the borrower is going to pay a huge price still, but the middle men LIKE YOU get to pocket the money....You are a leach. And nothing is going to "automate" all but the most benign of cookie cutter properties. The complexity of a rural property, unique property, etc. are singularly not amicable to some process, shortcut, or formulaic solution. Again. Go away. I hope you go broke.
Indeed. The blame though is not on non appraiser entrepreneurs, who are just trying to make a buck ( at our expense as you acknowledge )

The real problem is chief appraisers who exploit their own for the same -over promising speed to get clients/boost production/thus their own position. Which would be okay, except that the appraisal process is not built for speed.

It has already been sped up to the breaking point. Has any chief appraiser stood up and told a greed driven entity the price of ultra speed/automation is it is no longer an appraisal, but a data dump with a signature? ( even if the form says "appraisal" on top) Even If they realize it, they don't say it, would mean out of a job. So here we are- open season for third parties who come up with a "solution" to sell.
 
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Here are some things that you don't want to hear.

Appraisers, for the most part, do not want anything to do with AMCs and if you polled appraisers I am going to guess that 95% would love to not work with an AMC ever again. Post a poll here and see what you get.

There is a Facebook group that you most likely could get into call "I am a Real Estate Appraiser" and you could post a similar poll. They aren't picky about who joins.

If you want to partner with AMCs then you are most likely going to partner with one of the big ones and appraisers tend to hate the big ones the most. LRES, Xome/Streetlinks (or whatever they are now), Servicelink, Class, Dart, whoever Land Safe is now, etc. Don't expect much appraiser contribution to that.

The AMC business model is corrupt and dishonest. Borrowers are told they are getting a local appraiser who is an expert in their area, blah, blah, blah. That stuff is on all of their websites along with their high-quality review departments that are mostly filled with very unqualified people, many times former fast-food workers who are trained to do PDF searches for "key words".

Prior to 2016 it was considered unacceptable for AMCs to sent out assignments for "bid" as it might be a violation of law. 2016 killed AMCs because of the high volume and starting in 2017 some AMCs started sending out bid requests for lowest fees and turn times. By 2019 it was a very common practice to send bids out to 20-300 appraisers for a bid on a simple single-family home.

It was not uncommon for one of their office workers to accidentally send a request to 300 appraisers in a 200-mile radius with all appraisers listed on the e-mail. Multiple AMCs have been caught doing this. The general public is told that a local "expert" will be appraising their property. The general public is not told it might be a person who has never been in their neighborhood or town who was hired because they were the cheapest appraiser who would turn in a report 48 hours after inspection.

So many companies have been saying they will use technology to advance or do whatever for the appraisal industry and most likely your ideas are not new. Every time someone has some sort of great idea to "revolutionize" our industry it is posted here, other forums, Facebook pages and made public by our trade organizations.

Personally, I don't care. I got rid of all AMCs and when they call I tell them there is a $200 AMC fee for the hassle of working with them as they want daily updates, have technology fees, have their people call appraisers daily along with their mostly idiot reviewers doing PDF checks asking if a two-acre property is a farm.

If you want the opinions of appraisers but your business partners are going to be AMCs then you are barking up the wrong tree. If you want to change the industry then promote good appraisers instead of the AMC model of hiring the cheap and fast clueless appraisers.

A final thought; when you talk to your AMC partners do they complain about a shortage of appraisers? Most AMCs make that claim and will give you figures from 2007 to now but they will never give you the number of appraisers in 2000 vs now because it does not support their agenda. We (appraisers) are not hiring/training trainees because of the AMC business model.
:clapping::beer:
 
I would like the data collected from the AMC to auto populate the info on the top of page 1. Also contract, purpose, legal, tax etc, client, lender and FHA numbers. The uploading of xml and env has to be seemless to all. Yeah Bring on the tech
 
I am not that fast but its another cut and paste operation that could be streamlined
 
Seems like a reasonable question but the poor guy was beat up so bad he is probably in therapy, and we wonder why most people do not like appraisers :)
We will talk to you after you pay us for our time. Otherwise crawl back into the hole you came from.
 
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