The Appraiser Shortage Myth Part 43

[J Grant]

Tres Inc posts look to be that of an AMC shill, if he is not, he should be..

By equating higher fees, or an attempt for appraisers to consider legislative change or enforcement of existing C and R regulations as "Commie", he is green lighting the AMC interests to do that very thing-

AMC's and lenders lobby and actively pursue legislative change and regulatory policy that advancess their interests ( and hurts our). God forbid appraisers should do the same, then it is "commie", or "Socialist". The lenders and AMC's are laughing all the way to the bank at that one.

 

[J Grant]

Keep telling yourself that if it makes you feel better.

That is the truth, as it effectively plays out in the market. You can keep shrugging and defending the AMC system .

 

[hastalavista]

there, i got that out of the way for the morons who think that anyone who "defends" AMCs and fee logistics is a turncoat. don't you know that appraisers should be paid whatever they think they are worth without question?

And, right on cue...

That is the truth, as it effectively plays out in the market. You can keep shrugging and defending the AMC system .

 

[DWiley]

Actually..that one small detail (you keep capitalizing on - COW state shortages) makes perfect sense. - to pay higher fees for services that are in higher demand. Four digits if need be to get the job done. You should have no problem understanding business 101. That your company may lose its' profit margins by having to pay the premium - that doing so is not desirable or profitable for you - is not the appraisers concern.

I have no problem with fees set by supply and demand AT ALL. We will not operate at a loss. We will charge more, just like the appraisers in the COW states.

 

[Evincere]

But, let me ask you a sincere question:
A job is sent out to 20 appraisers. 5 are under $300. 5 are at $300 to $325. 10 are above $400. Assume they are are similarly qualified.
If the lender awards the job at $300, is that "picking the low fee"?

In an ideal world of paired sales?

 

[Evincere]

I have no problem with fees set by supply and demand AT ALL. We will not operate at a loss. We will charge more, just like the appraisers in the COW states.

Soooooooooooooooooooooooooooooooooooooooooooooooooo. What's the problem?

 

[J Grant]

But, let me ask you a sincere question:
A job is sent out to 20 appraisers. 5 are under $300. 5 are at $300 to $325. 10 are above $400. Assume they are are similarly qualified.
If the lender awards the job at $300, is that "picking the low fee"?

First of all, 20 appraisers are never similarity qualified or experienced/competent is BS . But assuming you buy this BS spin, the lender awarded the job at $300, and not at $325 or $400 How is that NOT picking by the low fee?

And WHY is the lender even doing that, picking by low fee of $300, since borrower paid $500?

And why are OTHER lenders in the same area, with borrower paying $500, paying the appraiser $500?

 

[hastalavista]

In an ideal world of paired sales?

It is a relatively simple assignment (in my theoretical); nothing complex and many appraisers are qualified to do the job.
But, what do you think? If the lender awards the bid at the $300 mark, are they picking the low fee?

 

[TRESinc]

Tres Inc posts look to be that of an AMC shill, if he is not, he should be..

By equating higher fees, or an attempt for appraisers to consider legislative change or enforcement of existing C and R regulations as "Commie", he is green lighting the AMC interests to do that very thing-

AMC's and lenders lobby and actively pursue legislative change and regulatory policy that advancess their interests ( and hurts our). God forbid appraisers should do the same, then it is "commie", or "Socialist". The lenders and AMC's are laughing all the way to the bank at that one.

sarcasm is wasted on you apparently.

if you are so mad at lenders and AMCs lobbying for their interests, which is what ANYONE who lobbies does (duh), then do something to help your profession. if you got $25 from half of the appraisers in the country you would have around $1,000,000 to start and could hire your own lobbyists.

First of all, 20 appraisers are never similarity qualified or experienced/competent is BS . But assuming you buy this BS spin, the lender awarded the job at $300, and not at $325 or $400 How is that NOT picking by the low fee?

because in the example there are 25% of the bids UNDER $300....

A job is sent out to 20 appraisers. 5 are under $300. 5 are at $300 to $325. 10 are above $400.

 

[hastalavista]

First of all, 20 appraisers are never similarity qualified or experienced/competent is BS . But assuming you buy this BS spin, the lender awarded the job at $300, and not at $325 or $400 How is that NOT picking by the low fee?

So you seem to be arguing that in a competitive bid system, the fee bids shouldn't be a consideration.
That explains your support for a fixed fee.

So, what if we go to a cost+ system? (one which you and I both advocate for, I believe).

Same dynamic; AMC fee (or lender overhead fee, whatever you want to call it) is out of the equation.
Would it matter then if the lender picked the $300 fee in the same bid-spread (with the borrower paying the set "cost" + whatever appraisal fee the appraiser bid)?