Union Time?

[djd09]

It is a great system. Chase, BOA, and all the other crooked actors control the supply. Denial is the first sign of a problem.

 

[DonRico]

I had nothing to do with the distillation, bottling or shipping of that Rum ;_) I learned a long time ago not to drink fermented sugarcane in the hot summer sun.

Not sure I follow your Supply & Demand equation....
I think the Supply of Appraisers is controlled by the Licensing Agencies in each State -- you get Licensed to Supply Appraisals..
The Demand for Appraisers is controlled by the Lenders that need Appraisal Services.

The AMC is simply in the Middle, arranging to meet the Demand. If the Pimp has enough Ho's in his Stable.....he can name his Price..

 

[djd09]

Do pimps use AMCs? keep trying.

 

[DonRico]

No, but Ho's have a Pimp taking half of their hard-eared money.

One of our Colleagues on the Previous Page posted a much better analogy than my clumsy attempt at Humor.

 

[DonRico]

You're confused. "Supply" refers to goods or services, not to appraisal orders. In appraising parlance the appraisals are the supply and the appraisers are the suppliers. "Demand" refers to the use and consumption of those goods and services, so in the mortgage appraising business the demand for services is coming from the lenders.

The AMCs are just purchasing agents for the lenders. They aren't actually part of the supply/demand except to the extent they are designated to act for the buyers on the demand side.

Some appraisers can and do operate completely outside of the AMC loop, thus demonstrating the point that the AMCs aren't part of the overall supply/demand equation.

George Hatch with the solid response, as usual. Thank you George, and I'll try to limit my lame jokes on this serious topic.

 

[Dublin ohio]

my clumsy attempt at Humor

Actually thought it was pretty amusing. AMC=pimp, Appraiser =Ho, Lender=John. But you are right about George. Best to ignore some others

 

[Eli]

Oh, Georgie Georgie! Where is Georgie? I don’t know how George rolls. Y’all might get lucky.