Where are the orders!

[Zoe]

I can put up big welcome sign when they get here. We can get it on Fox news when they get here.

I will let Fox news know they are coming in this event will be huge on public trust and appraisal profession. Plenty of parking space Fox.

 

[David S]

At least my clients that are doing HELOCS are ordering a full 1004

That's because their HELOC limit is above $500K? Then, need full 1004. Most time just drive-by.

 

[Zoe]

My little mark on one sign will be "commingling of fees".

It will be bold. Leave no doubt.

 

[Dublin ohio]

That's because their HELOC limit is above $500K?

Not these clients. Just finished one that appraised at $320K.

 

[Fernando]

Last week, I got an 2055 for $475 due to rural area. But once I am done before I submitted the report, system changed to $375. I complained it to AMC contact person how can you revise the fee after I am done. They changed back $525 for me now. Smile.

I noticed when I make a bid on fee and turnaround time, I add a comment about property and it's complexity to let them know I'm knowledgeable and be careful in giving the assignment to any appraiser. Doesn't seem to work. Maybe I shouldn't give my insight on subject property. They just go for lowest fee unless it's a rush.

 

[Zoe]

I could have more signs. Give me a little bit of time.

 

[djd09]

it is a good time to abandon the unethical AMC's and do what the regulators turn a blind eye to...

 

[J Grant]

Can anyone who got it post the Boggett article where he appeals to the fee issue on a consumer level?

I always argued that it impacts consumers in that of course, they can not choose the appraiser and trust that the lender is electing the more qualified, ot a fee bid like a street auction for low fee of $20 "winning " the order for the biggest asset for many Americans.

I have pointed out numerous times in these threads that in direct order ( no AMC involved ) the lenders do not fee bid out regular orders and have no incentive to shop for a fee below the area C And R they pay - whereas AMCs;s have great incentive to pay low/solicit lower bids, since tehri compensation comes from the split of the appraisal fee rather than tehri lender customer paying fo their services as a cost ( which how most businesses operate )

 

[J Grant]

Our industry is down to the hill. Everyone shall be prepared: the fee is going lower and lower....

What is "the fee?"

If it goes, "lower and lower", it can only go so low before the income level is not sustainable to even pay basic standard of living , especially since on the res end ( most of the discussion ) there re busy and slow cycles. When fees go too low, especially considering the reduced volume, it makes no sense to continue.

It is hard to argue in good faith that a field offering such minimal income and job satisfaction on the res mortgage lend would attract or keep quality people if the main driver of success in the AMC end ( a large volume portion ) is offering lower fee and that means churning the work out to make it up in volume

Anyone can argue for it if they want, but arguing for it in good faith? if appraising on the fres end for most, for mortgage work is so reduced in income and opportunity that talented, smart people go elsewhere, then who is it attracting or keeping on the res mortgage lending side.? Are they the people who should be valuing 100 $ million or more a year in properties- ( easily what a moderately busy res appraiser can value in a year )

 

[Mejappz]

Here is another blog post that Facebook was taken down. The corporate raiders are pulling out all stops trying to keep the truth from coming out. It's not going to work Better go directly to Appraisers Blogs because they are shadow banning the article.

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