Appraisal Nation’s Payment Issues Again!
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In July 2019, appraisers were having payment issues with Appraisal Nation. They were slow paying and when they paid, their checks bounced.
Yesterday, they emailed the appraisers on their panel explaining that they have come up against a back log in their Accounts Payable team due to the threat of COVID-19. One has to wonder how are they capable of sending orders to appraisers, collecting the appraisal fees, asking for revision requests, etc. but paying appraisers on time is an issue during the pandemic?
We continue to find ourselves living through an unprecedented time as the situation with COVID-19 continues. As you are aware, this crisis has hit the appraisal industry particularly hard. It is because of appraisers like you that we continue to persevere and move forward. I wanted to take a moment to say thank you, and provide you with an important update.
This pandemic has caused massive challenges to the internal operations of many companies, including Appraisal Nation . I regret that these challenges have negatively impacted some of you. We have come up against a back log in our Accounts Payable team due to the threat of COVID-19, and the ensuing North Carolina mandated stay-at-home order. The unfortunate result is that we are experiencing longer than normal pay cycles. For this, I take full ownership and apologize to those impacted.
The good news is that on 5/8, North Carolina entered Phase 1 of our state reopening. Appraisal Nation ’s Accounts Payable team will acclimatize as law permits. We plan to work diligently through the backlog and be up to speed in approximately three weeks.
In the meantime, please direct all payment questions to our Accounting Department. The best way to reach them is via email, firstname.lastname@example.org .
Words cannot express my immense gratitude as you continue to produce reports of the highest quality during these difficult times. Appraisal Nation is proud to work with the best appraisers in the industry. Thank you for the immeasurable value your company adds to the appraisal and lending worlds.
I wish you and your loved ones safety and happiness throughout this pandemic.
Chief Operating Officer & Owner