- May 12, 2007
- Professional Status
- Certified General Appraiser
I would like to know your thoughts or if you have even thought about it. If they are in competition, what would an AMC want to happen to the VA?
I don't think AMCs are interested in competent skilled appraisers. Most of them want the cheapest and fastest. That does not necessarily mean that the cheapest and fastest are not competent or skilled, or does it?
shockingly licensed appraisers are eligible for inclusion on the VA roster and yes the VA roster is the greatest gig in the history of appraising.
as a former VA panel member i can't say that i agree with that statement. i had more headaches with the VA than any of my other clients. silly requests from lenders, non-appraisers reviewing my work and telling me what i did "wrong" when they had no clue, chasing lenders for payment with little to no help at all from the VA, having the stupid letters put into my "permanent file" (what are we, in grade school???).
as far as the poll, why stop there? the VA panel needs appraisers just like any AMC, direct engagement lender, private client or anyone in the world who needs an appraisal. asking if they are in competition is pointless, especially if one was to give it more than 3 seconds of thought.
wow thats crazy thats not been my experience except for those silly letters you speak of. lenders treat me with kid gloves and the only people reviewing my reports are SAR's so thats legit. and $525 for 3 comp reports is great
lucky you. the cleveland VA "reviewers" are not appraisers. they are required to take one basic appraisal course and then they are sent on their way. the person in charge of them all isn't even a licensed appraiser. on top of that the fees here were just increased last december to $450 (which is the lowest fee they pay anywhere according to their published fees), still 5 business day turn times. that puts them around what i am getting from all my other clients for fees, turn times not so much.