I'm not surprised..

[Mejappz]

You still dont; get it !!

If the AMC can not profit by one dime, whether the fee is lower or higher, they no longer have an incentive to fee shop. The fee paid to the appraiser would be the fee collected by the lender from the borrower -which removes the AMC out of the appraiser fee connection The AMC can then simply manage assigning, check cutting if need be, and QC review.

I agree the option to strike an appraisal from a bundled fee , or put a cap on teh amount an AMC can split, won't come about because the lenders own or use an AMC will jump up to volunteer for it-

The solution is straightforward: consumers would cover the cost of the appraiser’s services, while lenders would handle the expense of appraisal management. This could be implemented today with a simple directive from the CFPB stating that consumers should not be responsible for paying for outsourced services required by the lender to close the loan. This approach would resolve the issue. It’s not surprising that much of the discussion on this thread seems to be driven more by ideology than practical considerations.

 

[Mejappz]

eappraiseit sure missed out...

E-Ape-it has morphed into a conglomerate of AMCs who are monopolizing the market.

 

[djd09]

E-Ape-it has morphed into a conglomerate of AMCs who are monopolizing the market.

public trust and for profit can never mix...they will love one and hate the other

 

[Mejappz]

eappraiseit sure missed out...

Meanwhile, Low Energy Parks gets busted.More conspiracies are coming true.

Thread 'The Appraisal Subcommittee Busted'

Aug 29, 2024

Well, look how many times I have told you people that the ASC and TAF are corrupt entities that need to be abolished. Now it has been found that the ASC used appraiser funds to award “grants” to CLEAR a cough, cough a "non-profit"t organization that provides support and resources to regulatory agencies, professional licensing boards, and enforcement agencies.

The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council violated the purpose statute when it awarded a cooperative agreement to a nonprofit entity. ASC's appropriation permitted it to award grants...

• Mejappz
• Replies: 176
• Forum: Improving the Profession

• 
• 

 

[Tom D]

I only have direct clients. They have to have someone find the appaiser for that order. With an AMC they just send the order and the AMC does the ordering. So why do the direct lenders still do it themselves. It must have a better result for them than the bottom feeder AMC appraiser.

So as a business model, no AMC is better for my lender's purpose.
The banks and some lenders don't care about you, period. They never will. They care even less for there staff appraisers. But they have the govenment in it's pocket. Only if enough public outrage becomes public, then it will only change.

Much wasted thought on this topic. Just like uber drivers making less money from the company new charges.

 

[Zoe]

public trust and for profit can never mix...they will love one and hate the other

I would not say never.

Commingling of fees on truth in lendin disclosures was bad.

Thank you Joan.

 

[Zoe]

Appraisal Institute is on the table too. I take no prisoners.

Roll your dice with me. Let's see how it works out.

I appraise real property rights.

 

[djd09]

Meanwhile, Low Energy Parks gets busted.More conspiracies are coming true.

Thread 'The Appraisal Subcommittee Busted'

Aug 29, 2024

Well, look how many times I have told you people that the ASC and TAF are corrupt entities that need to be abolished. Now it has been found that the ASC used appraiser funds to award “grants” to CLEAR a cough, cough a "non-profit"t organization that provides support and resources to regulatory agencies, professional licensing boards, and enforcement agencies.

The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council violated the purpose statute when it awarded a cooperative agreement to a nonprofit entity. ASC's appropriation permitted it to award grants...

• Mejappz
• Replies: 176
• Forum: Improving the Profession

• 
• 

....15th st is a party

 

[djd09]

Meanwhile, Low Energy Parks gets busted.More conspiracies are coming true.

Thread 'The Appraisal Subcommittee Busted'

Aug 29, 2024

Well, look how many times I have told you people that the ASC and TAF are corrupt entities that need to be abolished. Now it has been found that the ASC used appraiser funds to award “grants” to CLEAR a cough, cough a "non-profit"t organization that provides support and resources to regulatory agencies, professional licensing boards, and enforcement agencies.

The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council violated the purpose statute when it awarded a cooperative agreement to a nonprofit entity. ASC's appropriation permitted it to award grants...

• Mejappz
• Replies: 176
• Forum: Improving the Profession

• 
• 

not only has TAF done nothing...they invited the snakes to dinner

 

[djd09]

I would not say never.

Commingling of fees on truth in lendin disclosures was bad.

Thank you Joan.

dont be a lost sheep...