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It is far more $ per order for an AMC to manage it, because the AMC has to make a profit off of it, (and will bloat their split with as much profit as possible ), whereas a lender or other client wondering direct just needs to cover the cost.it costs 200 bucks to send a order via email...and doesn't the borrower pay for all of this anyways more lies
This was just a quick look up.... I'm sure it would be easy to find other articles and reviews of discontent for AMC work.
It exists in practice too. Applicants for loans are processed by hundreds or thousands of loan officers, then the files get divided into UW, the borrower, and the appraisal or valuation. The lender has to distribute valuation orders to the AMC, then track delivery, deal with any issues, or do their own reviewing for certain orders. Many AMCs handle only the regular orders with high value or complex orders separately from a lender panel
Arvest runs their own ordering for the routine and hire an AMC for the outliers (areas where they don't have many, if any, appraisers on their vendor list and if they have no bids they ship it to the AMC.)
And I've heard there were good MB's. I have not experienced this in TX.
the term 'most' connotes a comparative quantity. Remember J: your experience may, or may not, be reflective of the universal experience. The fact is that you have no idea if most appraisers would disagree with something.
Same could be said for fee shops I suppose. I recall Hatch stating some negative experiences with them. I happened to be employed with a very good one and had a great experience. I interviewed at a couple fee shops where I'm glad I didn't get the job though, as the interviewers seem like real shysters....
