I'm not surprised..

[djd09]

im sure milehightrout will be logging in soon to correct the independent thinkers...

 

[Dublin ohio]

Keep on screaming about AMCs and the bundled fee. Might want to consider the impact this type of approach is going to have. They are already cutting deals with AMCs for volume

Home - RSDS Appraisal Diversity

RSDS Appraisal Diversity was created to help solve a 30+ year problem in the appraisal profession: barriers to entry. The current system has created a labor

rsdsllc.com

 

[J Grant]

Lenders do things to save money, too. Starting with outsourcing a certain portion of the loan origination function and all/most of the appraisal function. Cheaper to pay a fee appraiser more when there's business than to carry an employee when there isn't enough business coming in to cover the carrying costs.

As for the borrowers, weren't you the one who was just fretting the prospect of how the borrowers would react if they "knew" who is getting paid what? How about you form an opinion and stick to it on a consistent basis?

No, that wasn't me, must have been somebody else -though it is possible I mentioned it in one of my posts it is not my primary concern,
I have been very consistent in my opinion- - the lender should pay a cost to the AMC for the AMC service which benefits the lender. That simple.

 

[Zoe]

No, that wasn't me, must have been somebody else -though it is possible I mentioned it in one of my posts it is not my primary concern,
I have been very consistent in my opinion- - the lender should pay a cost to the AMC for the AMC service which benefits the lender. That simple.

And disclose it separately on truth in lending disclosures. That is where competition would get cut throat between amcccccs

 

[NC Appraising]

Keep on screaming about AMCs and the bundled fee. Might want to consider the impact this type of approach is going to have. They are already cutting deals with AMCs for volume

Home - RSDS Appraisal Diversity

RSDS Appraisal Diversity was created to help solve a 30+ year problem in the appraisal profession: barriers to entry. The current system has created a labor

rsdsllc.com

Dead on.

The IFA, for the most part is done for. They will get the 20% very complex orders. Rural appraisers are not safe either. On another forum, a group out of Florida is looking for appraisers to inpect the home becuse it is too far away. They are licensed in 50 states.


These national companies are here to stay. Most have a new business model where there can be 2-3 appraisers on one report, with one being in state and the others being out of state. 24 hour turn times...

Yes, turn times are more important than fee. Believe it or not.



Ask those UHM IFA appraisers.....
Reddit:
UWM has a deal with RSDS and I heard that they give them as many orders as they can even if their scores are bad. UWM calls them first and they take as many orders as they can for their appraisers. The rest of us just get whatever that company doesn't take. Have any of you heard anything similar?

 

[chad hampton]

It’s not the first time national appraisal mills have tried. They’ve always failed in the past. No one‘s addressing the core issue, it’s hard to find a certified appraiser willing to work for $150 an appraisal

 

[NC Appraising]

It’s not the first time national appraisal mills have tried. They’ve always failed in the past. No one‘s addressing the core issue, it’s hard to find a certified appraiser willing to work for $150 an appraisal

When you water down the barrier to entry.....and produce a oversupply of appraisers that use to make $14 hr at walmart, $150 per appraisal looks good.

If you want that 20% piece of the complex pie, you can have it.

The 80% of the other stuff goes to the newly minted mill factory appraisers.

 

[chad hampton]

You could be right. In the past appraisers always had pretty strong regulation and oversight from appraisal boards. today, I can’t think of one appraisal board in the country that’s enforcing any of their rules and laws. The more that goes away, the more bad behavior and fraud will occur. That’s only human nature.

 

[alebrewer]

Not sure the level of enforcement in Texas, relative to past enforcement, but I do know that I still get requests for mentorship... so something's going on still in TX...

 

[George Hatch]

It is to the benefit of the lenders to ensure that they will always have the leverage of an oversupplied market for appraisal services. When appraisers compete, the lenders win. They don't like what happens when they end up on the wrong side of that dynamic.