Where are the orders!

[J Grant]

Self-employed appraisers are not locked into any single source of engagement or employment. No different than a farmer who sells their output in the market, whether hand-to-hand at a farmer's market or in lots or batches or its entirety to a wholesaler or brokerage. No different than a parts manufacturer who's output is being sold to a car manufacturer for use in their operations. No different than an accountant or atty who sells their output in the market.

Not to belabor the point, but the consumers in every one of these mortgage-related transactions are the lenders, not the borrowers. And the govt has already brought those lenders under regulation by first imposing our services on them and then imposing further limits on the form and the sourcing of these appraisals. Govt has prohibited two of the potential sources (borrower controlled or broker controlled) of these appraisals but has left direct engagement and AMC engagement in lieu of direct engagement. This entire end of the profession already exists as an unfunded tax on commerce. Insofar as mortgage lending end of the business, most of it wouldn't even exist if the govt hadn't imposed our services on these lenders - against their will.


Moreover, when the only solution to the self-employed appraiser's problem is govt intervention into the marketplace to FORCE the consumer (the lender) to pay more than they would otherwise pay in those transactions, that's the opposite of capitalism.

In any case and as it relates to self-employed entrepreneurs, free to profit on their own also means free to fail on their own. Any self-employed appraiser who doesn't want to go commando can go seek a 9-5, where they really WILL be working for a single employer and a single source of income.

The reality is that self-employed residential license fee appraisers are very limited in their employment engagements. Nobody said a single source, but the reality is a very limited set of sources for residential lender work, wrt where the large volume is . THAT is why the normal supply and demand is not possible on the AMC side of the aisle; they have enormous leverage over fees, which only worked in the appraiser's favor in the one brief period when things were very busy during a window of time post-Covid. In normally busy times, appraisers have no leverage over fees due to the extreme limitation of sources with large volumes in the AMC realm.

The regulators allowing the second version of C and R for AMC's to decide is a corrupt travesty.

Here you are protesting government intervention on behalf of appraisers, yet you think it is vine the the government has intervention or protein on behalf of stakeholders - the AMC/lender arrangement for appraisers to be compensated from the HUD fee split, with no cap on the amount or percent an AMC can take.vIf there was a cap, the lendres could vontnirly pay additionally to the AMC if they want to, since you are so concerned about protecting THEIR profit.

Nobody needs your lectures about choices and a nine-to-five job, etc. Thisis about stakeholders ecplositng a govt perk of fee split.

 

[Zoe]

The reality is that self-employed residential license fee appraisers are very limited in their employment engagements. Nobody said a single source, but the reality is a very limited set of sources for residential lender work, wrt where the large volume is . THAT is why the normal supply and demand is not possible on the AMC side of the aisle; they have enormous leverage over fees, which only worked in the appraiser's favor in the one brief period when things were very busy during a window of time post-Covid. In normally busy times, appraisers have no leverage over fees due to the extreme limitation of sources with large volumes in the AMC realm.

The regulators allowing the second version of C and R for AMC's to decide is a corrupt travesty.

Here you are protesting government intervention on behalf of appraisers, yet you think it is vine the the government has intervention or protein on behalf of stakeholders - the AMC/lender arrangement for appraisers to be compensated from the HUD fee split, with no cap on the amount or percent an AMC can take.vIf there was a cap, the lendres could vontnirly pay additionally to the AMC if they want to, since you are so concerned about protecting THEIR profit.

Nobody needs your lectures about choices and a nine-to-five job, etc. Thisis about stakeholders ecplositng a govt perk of fee split.

George used to work for government. Maybe on social security now. He is funny sometimes.

Don't take it personal girl. Your on track on the AMC thing girl.

 

[Zoe]

I just need Joan here now to see a knock down drag out girl fight between J Grant and Joan Trice. I know J Grant would win.

If I could put a little wager on that? i would pay ticket for fight.

I guess Joan is still alive. She disappeared from here long ago. She may have seen Chopra on horizon.

 

[Zoe]

Tag team match with Marion and jgrant against Joan.

I could cash in big time on the wager.

 

[Zoe]

17 bid orders from AMCs in the last two weeks this month and none were accepted. Where are all of the appraisal orders and where is this industry going! It’s miserable waking up to an empty inbox.

What fees are you guys bidding for a regular 1004 URAR? Because I go low and nothing then I set it to normal fee and also zip. Something is off.

Any advice would be greatly appreciated. I am in the New Jersey/New York market.

You are in very expensive market.

Do you understand that C&R got changed at last minute? Do you know what an AMC is?

 

[Terrel L. Shields]

Govt helps farmers.

Some farmers...not all, nor probably even the average farmer. And in turn, government then sticks their nose into the farmers business. How they can farm, what they can and cannot do, when they can do it. Then they use food as a weapon regardless what it does to commodity prices. Wheat farmers were crushed by Carter's Russian embargo of wheat when Russia invaded Afghanistan. And the result? Russia started producing more and more wheat and now export, not import wheat.

redtiivyjng this and allowing the lender to evace paying appraisal related costs in either running their own order dept or by paying th eAMC management

are you using a tablet or phone instead of a keyboard? your spelling is getting atrocious of late.

 

[OSU Beavers]

Many Americans are in the same boat

 

[Essexfenwick]

Sales are at their lowest level since 1978. Nobody is refinancing at these rates and only loosers are getting HELOCs.

Foreclosure work will not start until after the election thanks to Biden's moratorium.

AMCs aren’t making much at all. They have corporate overhead with a market in depression. Very little of my work now is AMC. Mostly estates, legal and direct lenders that know I’ve been around and have an SRA. The mortgage work I get is always either complex or the highest sale to take place and is not getting a satisfactory waiver. It’s paying the bills but that’s it. Real estate is in a volume depression right now and almost everybody is suffering

 

[Dublin ohio]

are you using a tablet or phone instead of a keyboard? your spelling is getting atrocious of late.

Voice recognition speaking in tongues

 

[Dublin ohio]

the lendres could vontnirly pay additionally to the AMC if they want to, since you are so concerned about protecting THEIR profit.

Let's examine that scenario

Right now there is nothing preventing the lenders from setting the bottom for fees. I have one client that does just that. I have no idea what they pay the AMC

If the lender sets the minimum fee and pays the AMC "X" per appraisal. Do you think the lender is going to absorb that cost?

The answer to the above is probably not. They will just pass it along to the consumer as an additional processing fee or the like.

So the question remains. Why haven't the lenders done so.