More AMC and PDC Bull

[George Hatch]

Apparently Oracle didn't get the memo, just like Twitter and Meta didn't get the memo. Either that or they just didn't care. Leastwise, not enough to reverse course.

The public shaming isn't working. Isn't that weird?

 

[Surf Cat]

It is corrupt because the AMC 's do not function as intended, as a firewall. The AMC';s have a built-in conflict of interest to keep their lender customer "happy" with as few "low" values as possible and enact their power to do so. The AMC's getting compensated from an unlimited fee split, leading to flea market-style bidding to get an order, amounts to which appraiser offering the biggest kickback from the fee split wins the order, often by passing more competent appraisers. The process is not disclosed to borrowers.

Plus......

There's this compliance problem in that when an AMC hires staff appraisers and does the actual appraisal work, they are no longer functionally a “Management Company”. They are an appraisal company just like anyone else’s here with the difference being they have "a direct line" to the Lender/Client when we do not.

How is an AMC having their own appraisal staff conducting appraisals, which is supposed to act as an independent intermediary between the mortgage lenders and appraisers, getting first dibs on all the assignments even legal? How is this acting impartial, preventing undue influence?

This is somehow legal but it sure as hell shouldn’t be. It's legalized collusion.... a scam.

 

[J Grant]

As of May 2025, Oracle employed approximately 162,000 full-time employees globally. While this figure represents the company's total headcount from their latest 10-K filing, reports in March 2026 suggest significant layoffs, with estimates indicating potential cuts of 20,000 to 30,000 employees to restructure toward AI

The Oracle situation is very different than the appraiser/vendor AMC paid from the appraiser fee split. There is no real comparison to a company laying off employees to an AMC choosing the cheapest appraiser in a bidding war kept secret from the borrower. IDK why you keep posting things like this on the topic - to ridicule appraisers? Make them so discouraged that they won't approach the media? Gaslight them about shaming?

 

[J Grant]

Apparently Oracle didn't get the memo, just like Twitter and Meta didn't get the memo. Either that or they just didn't care. Leastwise, not enough to reverse course.

The public shaming isn't working. Isn't that weird?

Will see if Oracles sales are affected. Twitter lost over 40% of its value after Musk took over and slashed employees, so yeah, he got the memo.

 

[Zoe]

That is NOT how cost plus works.

It works just as described in the post you disputed. And lenders do not like it because they do not know the cost in advance and they have to create new disclosure docs if the appraisal cost is not what they originally disclosed. That is why the try to pay the AMC a flat fee and then let/make the AMC deal with the variable fees among appraisers

Cost plus does not remove the incentives for fastest and cheapest. Cost plus does not solve the problem of hidden fees on truth in lending disclosures to borrowers. Cost plus does not change the market structure like separation of fees on truth in lending disclosures would accomplish. I have been down this road with my girlfriend Joan many times.

Did I say "girlfriend"? I meant to say my "partner" Joan.

Terrel brought up the girlfriend thing. LOL

 

[J Grant]

Apparently Oracle didn't get the memo, just like Twitter and Meta didn't get the memo. Either that or they just didn't care. Leastwise, not enough to reverse course.

The public shaming isn't working. Isn't that weird?

New YorkCNN —
The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.

X no longer trades publicly after Musk shelled out $44 billion to take it private in October 2022.

 

[George Hatch]

Plus......

There's this compliance problem in that when an AMC hires staff appraisers and does the actual appraisal work, they are no longer functionally a “Management Company”. They are an appraisal company just like anyone else’s here with the difference being they have "a direct line" to the Lender/Client when we do not.

How is an AMC having their own appraisal staff conducting appraisals, which is supposed to act as an independent intermediary between the mortgage lenders and appraisers, getting first dibs on all the assignments even legal? How is this acting impartial, preventing undue influence?

This is somehow legal but it sure as hell shouldn’t be. It's legalized collusion.... a scam.

No law prohibiting them from both managing and appraising. Anything along the lines of "AMCs shall ONLY manage, and are not permitted to engage in any other activities".

" independent intermediary between the mortgage lenders and appraisers"

Was not how either FIRREA or D-F were structured. Surely even you would acknowledge the existence of appraisal depts and staff appraisers and reviewers at some of the lenders.

 

[George Hatch]

New YorkCNN —
The social media platform formerly known as Twitter is worth almost 80% less than two years ago when Elon Musk bought it, according to estimates from investment giant Fidelity.

X no longer trades publicly after Musk shelled out $44 billion to take it private in October 2022.

Bluesky hasn't done even that well in the last couple years and their decline has nothing to do with public shaming.

In any case, you're fighting the lenders who by definition are not running a social media platform.

 

[chad hampton]

Haven’t any of us learned yet? This profession is too corrupt and infected and diseased from the top down. Nothing‘s ever gonna change. My advice is to get out.

Maybe keep your license active just for the 1% chance that these creatures are all purged from the profession, but that’s about it.
Maybe at some point they’ll die off, who knows. But they’ll probably just replace one corrupt ******* with whoever’s next in line.

I have no idea what’s going on in this profession anymore, every idea that’s presented is worse than the one before it. It’s in incomplete disarray.

 

[George Hatch]

That pesky principle of substitution must just be another manifestation of the Patriarchy and White Supremacy.