- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
The bank still has to interact with the AMC. I cannot imagine why it is much cheaper to use an AMC and pay high AMC fees when they can get the appraisal done a lot cheaper than the AMC charges...apparently the lenders don't give a crap how much the borrower pays for an appraisal. If they did they would do it themselves.I also might assume the cost is a lot lower these days to run a panel due to the internet , software and portals -