Thomas,.....I may know exactly who that client could be, for only one client has ever posed the "lendable value" notion to me. Any chance that the assignment "conditions" total about 18 numbered lines on the order ? I asked what "lendable" meant, and the reply was quite brief (via phone).........."You know, how much "value" would a lender feel comfortable supporting for a loan against the subject property" ? Far too many variables there for us to have any idea what they want, as they do NOT know what they want.......and I just repeated my as-is value as I "gave" a lendable value.
We all could probably handle the varied non-sensical requirements for summing up our analyses and including such commentary in our reports, but the one overwhelming and dominant aspect of any such assignment is the totally disrespectful attitude such clients hold regarding their "offered" fee for the assignment !
This one client entity that comes to mind has established 3 vendor echelons, with each being solely defined by an individual vendor's willingness to accept the declared "fee for your market area" amount that they have "calculated" as a factor of the number of appraisers on their registry for a certain county, or zip code, and the direct willingness of any one vendor to accept the fee.....without efforts by that vendor to negotiate an increase per that assignment.
While they sometimes might raise a fee in one or a few of those first assignments sent to a new vendor......push one time too many......and you are off that list and dropped to the lowest rung on the ladder. I was able to have my fee raised on all 6 orders I got from them in Sept./Oct. of last year, then all stopped. If only you could have heard the expressed glee and feeling-of-power that the company rep stated after that 6th fee-raise was granted.........man, I was going to have my name placed on that 3rd rung of their ladder now.......and I was given a final-answer option before she hit the "go" key on the master vendor registry records. Sure enough, not one piece of communication from them since October. Oh, well.
Turn-time, report quality, ease with which a report moves through their review process following sending it in........are of NO significance to this (and many) client as the only measure of "we like you" is.......how LITTLE money are you willing to work for ? Pathetic.
