What might you do in my situation?

[alebrewer]

Sorry if I’ve angered some folks. Not the intention. Just looking for guidance/true advice on future endeavors and/or changes I should make (simply sign the reports myself and send back…for example)

Meh - they're just upset that their narrative about appraisers being better than AVM's is up for debate. I say - pursue your dreams! Sink or swim. You'll be fine.

 

[eskayenterprises47]

Well now, that only took 3 pages of back N forth, time = money or the lack thereof?

So now that I’m thinking more succinctly….my original question really is:

Upon retiring do I want to see how much I can make in a year still providing significant appraisal assistance?

Or do I want to go out on my own?

Which would be more lucrative/time/stress productive so to speak?

 

[shrubberyvaluation]

So now that I’m thinking more succinctly….my original question really is:

Upon retiring do I want to see how much I can make in a year still providing significant appraisal assistance?

Or do I want to go out on my own?

Which would be more lucrative/time/stress productive so to speak?

Are you prepared to go out on your own without selecting comps?

 

[Mark K]

So now that I’m thinking more succinctly….my original question really is:

Upon retiring do I want to see how much I can make in a year still providing significant appraisal assistance?

Or do I want to go out on my own?

Which would be more lucrative/time/stress productive so to speak?

From what I've read, keep doing what you're doing. You are making some money in the appraisal business but you have virtually no liability. Maybe get certified and try to get a bigger cut of the pie if you want. Sounds like you don't need the money so why bring on a lot of headaches at this point.

 

[ZZGAMAZZ]

From what I've read, keep doing what you're doing. You are making some money in the appraisal business but you have virtually no liability. Maybe get certified and try to get a bigger cut of the pie if you want. Sounds like you don't need the money so why bring on a lot of headaches at this point.

I agree. Perhaps most important is the revenue stream provided by your current employer, which avoids the responsibility to grow your own book of business that is prohibitive at present, although those assignments should suffer as well, unless the existing fee split benefits the employer to the extent that your involvement is beneficial. That having been said, two independent trade skills are necessary to survive in this environment...

 

[djd09]

yep if you do not have to sign...they cannot falsely accuse you of being a racist

 

[alebrewer]

I expect there will be substantial volume for appraisers who are willing to report on the new forms. Give it about a year. We will see substantial attrition between now and 06/26.

 

[Overimprovement]

So now that I’m thinking more succinctly….my original question really is:

Upon retiring do I want to see how much I can make in a year still providing significant appraisal assistance?

Or do I want to go out on my own?

Which would be more lucrative/time/stress productive so to speak?

Can you fully develop a well-supported report 100% on your own right now?
Who would your clients be?
How much work are you getting now?
Are you prepared for UAD 3.6? Do you even know what it is?
Do you own your own software? Have your own E&O?
Do you want to just do inspections? Report writing from another's inspection? Full 1004s?

Read through this forum about how so many are struggling for decent assignment at reasonable fees. Some have left the industry (I am one of them). Others are on the brink.
Unless there is a major economic jolt leading to needing a boatload of full appraisals, most here feel the residential mortgage appraisal career is in its last breaths.

 

[Surf Cat]

So now that I’m thinking more succinctly….my original question really is:

Upon retiring do I want to see how much I can make in a year still providing significant appraisal assistance?

Or do I want to go out on my own?

Which would be more lucrative/time/stress productive so to speak?

It sounds like you've been doing this a long time for them ( your mentor and their company) IMO it would be a disruption should you just pick up and leave which, I don't think they'd want.

So, stay a little while longer with the caveat of doing a few assignments in between being a form filler, from beginning to end.

Read the letter of engagement, decipher the scope of work, search the MLS and choose the comps ( you'll need their password) inspect the subject property, Drive the comps, do the market analysis and write it all up.... the whole shebang. You might have to have your Mentor sign on the right as these are his clients and I'm not sure if you have E&O.

If they say "no" and they like you right where you are, then you know where you stand. This is where you can decide if you want to continue being a form filler or an independent fee appraiser and getting your own clients (most likely AMC's) or choosing a different path.

One thing I don't understand, is why they kept you there as a form filler when you're certified? Why didn't they give you assignments and let you be an appraiser for the company?

 

[ucbruin]

If you like your current situation....
Ask for a raise....