VA Fee Schedule

[Zoe]

Some people get on the panel and love it. Some people get on the VA panel and hate it.

 

[Ariba]

Appraisers who criticize VA appraisal fees as too high are, in essence, "Hypocrites"—acting against their own interests by undermining the standards they seek to uphold. They are contributing to a "race to the bottom" that threatens the integrity of the profession and the quality of appraisals. Rather than focusing on lowering fees, the industry must advocate for fair compensation that reflects the expertise, time, and responsibility involved in providing appraisals.

The profession benefits when appraisers are fairly compensated for their work. Lowering fees to compete only weakens the industry and risks harming those who depend on our services the most.

Do yourself a favor and Read the Fall issue of Working RE and the Great Debate on Appraisal Fees.

 

[sputnam]

Appraisers who criticize VA appraisal fees as too high are, in essence, "Hypocrites"—acting against their own interests by undermining the standards they seek to uphold. They are contributing to a "race to the bottom" that threatens the integrity of the profession and the quality of appraisals. Rather than focusing on lowering fees, the industry must advocate for fair compensation that reflects the expertise, time, and responsibility involved in providing appraisals.

The profession benefits when appraisers are fairly compensated for their work. Lowering fees to compete only weakens the industry and risks harming those who depend on our services the most.

Do yourself a favor and Read the Fall issue of Working RE and the Great Debate on Appraisal Fees.

Agree. It's very hard to understand why any working appraiser would think that their fees are too high.

 

[CGinMN]

IMO it is not so much the fees that make VA appraisers spoiled. It is their poor service, entitlement, and complacency that is a byproduct of being on their panel for many years. VA should do what Amazon does and fire the worst performing 25% every year and give others an opportunity. Instead, VA appraisers operate outside a competitive market and the result is that they act like government employees. I don’t care if my service stinks, I’ll get to it when I get to it.

 

[Boater Bob]

IMO it is not so much the fees that make VA appraisers spoiled. It is their poor service, entitlement, and complacency that is a byproduct of being on their panel for many years. VA should do what Amazon does and fire the worst performing 25% every year and give others an opportunity. Instead, VA appraisers operate outside a competitive market and the result is that they act like government employees. I don’t care if my service stinks, I’ll get to it when I get to it.

Why are you lumping all VA Appraiser into your thought process? I have been on the panel 25 + years and never have I taken it for granted and don't treat my placement on the panel with conceit. My business model for the past 33 + years has been professional and with gratitude.

 

[CGinMN]

I am lumping them all VA appraisers together because they are a group, and of course I am speaking of them as such. Do individuals within every group vary? Yep. There are some great hard working public servants working at the DMV too. But as a whole when compared to the rest of appraisers there are certain patterns, which don’t take long to discern. It is a byproduct of the system under which they operate. I’m sure you and every other VA appraiser reading this are the outliers. I don’t speak with any jealously because I’m not in the fee world. I work for a lender and interact with all sorts of appraisers every day, so this is just my observation. My dad was a VA appraiser for 40 years. In terms of entitlement vs. gratitude, look no further than the OP.

 

[CGinMN]

VA should do what Amazon does and fire the worst performing 25% every year and give others an opportunity.

What effect do you think this would have?

 

[Zoe]

Appraisers who criticize VA appraisal fees as too high are, in essence, "Hypocrites"—acting against their own interests by undermining the standards they seek to uphold. They are contributing to a "race to the bottom" that threatens the integrity of the profession and the quality of appraisals. Rather than focusing on lowering fees, the industry must advocate for fair compensation that reflects the expertise, time, and responsibility involved in providing appraisals.

The profession benefits when appraisers are fairly compensated for their work. Lowering fees to compete only weakens the industry and risks harming those who depend on our services the most.

Do yourself a favor and Read the Fall issue of Working RE and the Great Debate on Appraisal Fees.

I already told you veterans get a deal from me on many appraisals. I would charge twice or more for some assignments if I even took the assignment.
Veterans are being treated very well.

 

[Zoe]

Now, since you pushed my buttons. What about the average everyday person that gets charged $1,000 or more with AMC involved and the appraiser gets paid peanuts.

Tell me?

Many lenders have part ownership in AMCs.

Do you need me to explain?

I can get nasty on this subject. Ask Joan.

 

[Zoe]

Interesting that CFPB did not bring up part ownership in AMCs relative to the appraisal process. Don't you think?