- Oct 11, 2006
- Professional Status
- Certified Residential Appraiser
And all of that just so,RevenueThe CRA would be financially independent once the technology buildouts are completed. Registration fees of appraisers, AMCs and stakeholders who would be provided access to information. Transaction fees would be accessed upon upload and download. Registration fees would be assessed to stakeholders who would have access to the repository-rating agencies, investors, securitizers, lenders and private mortgage insurers.
Estimates for revenue are as follows:
80,000 appraisers x $300=$24,000,000
500 AMCs x $5000= $2,500,000
7000 lenders, investors, PMI, rating agencies @ $20,000= $140,000,000
20,000,000 transactions @$10 each= $200,000,000
this is the real vision of modernization.