More AMC and PDC Bull

[JM2187]

Why should any appraiser be required to include extras which that particular lender never asked for and doesn't expect?

No argument from me

 

[George Hatch]

I've written up appraisal policies for lenders before. It's not that difficult or time consuming to do, especially if working off a previously documented policy from another lender. Edit and add

 

[Carnivore]

If an AMC has multiple or lots and lots clients I as the appraiser would expect the t AMC to tell me what that specific lender expectations and reporting requirements are, in the LOE What I don't want is some kind of confusion the AMC caused because they have so many lender clients that they can't get their crap together. Maybe they need to hire more help or tell some lenders you cant help them
maybe I am wrong and dont know what I am talking about . edit I had something like that happen to me but what they did was change the funding source after I delivered the report

If I come across as cranky well I apologize i am getting old and moving into the get off my lawn phase

 

[djd09]

do not be deceived... bad company corrupts good morals

 

[djd09]

https://twitter.com/x/status/2043523771286663648

does that make sense...

 

[Surf Cat]

You Go First everyone else has your back...lmao )

I've already removed myself from AMC world. Onesie, twosie doesn't matter to the AMC.... they don't miss me one bit. They find the licensed "what do I do, the garage has been converted" types.... that's why I said "band together collectively". You know, like a strike.

It'd be pretty cool actually. Imagine all appraisers, Nationwide, saying eff you... all the purchases, refi's, Hybrids, halted. A big fat stick in the spokes. National news for sure.

It won't happen though. Some knucklehead that was offered 90 bucks for a hybrid would all of a sudden be offered 300 bucks.... that knucklehead would break the line instead of holding out for the permanent solution.

 

[Surf Cat]

You have no competition there's no shortage of low fee appraisers in California taking your orders.

That in itself proves outside of no competition or fixed set fee's most one or two man operations are no longer profitable to continue operating at good rates of return.

When we first entered I had two real estate offices and many of the old timers sold insurance and did tax returns there was almost no full time independent appraisers other than real bank staff who were W-2 employees.

Yep..... there were only dirt roads back then

 

[glenn walker]

It's comical when appraisers rant about holding the line or forming unions. You can't get $10 bucks out of the average appraiser much less get them to pay monthly Union dues and fee appraisers in general have zero loyalty to other appraisers and often celebrate when a comrade dies or quits.

The AI is a perfect example it's very small compared to how many appraisers are on the rosters. Every man is on their own.

 

[chad hampton]

I'm not concerned. Everyone gets what's coming to them in the end.

 

[DTB]

That's right - the same logic applies. If the volumes are equal most appraisers would choose the higher paying AMC. But if the higher paying AMC doesn't have the same volume then some of those appraisers might defect to the competing AMC even though the fees are lower.

Ahh, a new wrinkle is exposed, similar to a revision request. If the lower paying AMC doesn't have to the capacity to service the lender's volume then those lenders would defect to the AMC that paid appraisers better.