ServiceLink

[Tom D]

Most of yous shop at walmart. Do you wander what happened to all the little neighborhood stores.

And now you wonder about mega AMC. Just follow your path to walmart.

 

[David S]

I get complex condo work from mostly in the areas that burned down in Pacific Palisades, its possible that they have staff appraisers that they use for simple assignments.

Possible. In the past, most assignments were complexity ones, like recycled order. And you can't spot it out until last minute OR after you inspected the property.

 

[AppraisingLA123]

yes this one was super complex, and the accepted fee was $300 (exterior). Made several EAs.

 

[David S]

yes this one was super complex, and the accepted fee was $300 (exterior). Made several EAs.

Wondering how many hours you spent on this assignment?

 

[AppraisingLA123]

The problem is not me, the problem is appraisal community not uniting. the problem is you for not uniting instead of asking how many hours. do something.

 

[Bobby Bucks]

The sleaze factor is always at play with SL, it goes back to their Ellis Eye days. There is a constant battle among AMCs to "service" BOA, Wells and few of the big boys and when the magic number isn't made for sales and refis as often as they wish, they fire the AMC. It's a sensitive subject with AMCs when they lose an account and if they're asked about it they get defensive and sensitive.

 

[Non Sequitur]

I believe they have some staff appraisers they regularly use. I rarely see any quote requests or assignment orders. The assignments I was seeing assigned to me via their automated system were at fees 1/4 of what I would charge. Their system is also a PIA to set up. I cover 10 large rural counties that can be a 20-30 min drive or a 5 hour drive. To go in & fee code every zip code I cover would literally take a full 40 hr week to do. So you might want to check your profile set-up to see if your fees are populated. But in general, they have been very quiet. I am in AZ.

Yep, and IIRC some of their management team spun off into a national firm.

 

[TerryRohrer]

Fidelity National Financial, Inc. (FNF) purchased Lender's Service, Inc. (the first AMC), in 2003. By 2014 both LSI and Lender Processing Services (LPS) were so maligned by the robo-signing debacle that came to light during the cleanup of the 2008 mortgage crisis (no doubt the tip of their unethical iceberg) that neither was a viable brand any longer. So, FNF subsidiary Black Knight, Inc. lifted the rug, swept their remains beneath, and, voila, ServiceLink was conceived/hatched and slithered out from under the rug, to be spun off from Black Knight in 2017. The corporate version of "wash, rinse, repeat". New DNA created by the combination of the worst aspects of parental DNA.

Riddle of the day: What do you get when you cross a Skunk with a Snake?

Answer: A Skunake.