Dodd Frank does not specify that only AMCs can be used.

I have nothing to complain about, sorry.

Oh, and working on mortgage loan appraisals stinks. Get a website, get lawyers, realtors, CPAs begging you to prioritize their $750-$1500 appraisals.

LOL! Best post of the day

If you are unable to walk this tightrope….you will not be allowed to supply income to Pitiful Home Mortgage! They will use another chump to skim their fees. You should hurry to sign up with this company….(appraiser must have a college degree, state certification, etc. etc.) and be the most stupid person on this planet! Yep…go sign up!

As a broker way back then I remember folks trying to sell us a franchise to be Century 21 or ReMax, etc. The view was there is NIT WIT Realtor and with a few thousand dollars as payment they became Century 21- Nit Wit Realtor! I guess I was wrong as those Nit Wits came into the favor of the public and were successful.

Way back then there were a few Appraisal Management Companies. At first they were extremely nice and worked with appraisers just fine. Over time they became a pain in the AZZ with their “appraiser to do this and appraiser to do that”. We dropped them like a bad habit! Most of you know the rest of the history that has caused these parasites to be sucking their profits from our fees!

We have a whole generation of blood sucking folks wanting to feed off of our efforts. There are the national appraisal companies that are constantly seeking additional fools. Of course the AMC’s, the coaches, newletters and the silly EXPOS where AMC gurus tell us how we should be doing appraisals although they have never done one. We have our appraisal organizations….. many… many, why do we need all of these? Well someone is making a buck… guess who is paying for that? If you attend a university and receive a degree…. it is yours! Great! if you earn a designation from a silly appraisal organization you loose your ABC designation the day that you stop paying dues. Really?

I have observed that our industry is very strange. We range from chumps to champions! Many of us are the old timers. Why are AMCs a problem? Without appraisers they are OUT OF BUSINESS! If I ever accept an assignment from an AMC I will post the info. FHA? I am not an inspector and since the new handbook…I turn all of them down. I was on the FHA panel in the 1970’s. As a general certified appraiser with 35 years of experience there must be many more appraisers available who are better qualified to do the FHA foolishness! LOL…. You are really going to crawl under a house or thru an attic? You are going to hang around while a dishwasher goes thru its cycles. NO you are not… you are lying and you, I and FHA know you are lying. Your lack of honesty and professionalism hurts all of us!

I know this is a rant and it is from the heart. I hope some of my fellow appraisers will join with me and make this a profession that we can be proud of. There are so many people involved and so many different views. There seems to be no way that all of us can come together. As long as the folks that seem to want to put us together want to earn a FEE by doing so…makes it silly. How about an appraisal organization without dues…. ABSOLUTELY no damn designations? You have earned your license or certification… come on down you have paid your dues!

I agree RA. He also doesn’t mention the fact that the appraiser must certify “I” did XY and Z in the appraisal. Its alarming that I can speak to a nurse on the phone, have a different nurse check my vitals, yet a different person give me a shot, and then finally get to a doctor who has had NO SUPERVISION OF THE PREVIOUS ACTIONS. Yet the appraiser is required “I” to drive a two hour round trip to take a picture of a carbon monoxide detector.

Under the above curcumstances do I get a report breaking down what significant assistance the doctor received? Or better yet, does each nurse and the doctor provide me with a copy of their license and E&O insurance at check out?

We’re paid less than the union janitor at the hospital but supervised more than the brain surgeon.

You forgot.  Get a government job.

He should at least go to the effort of telling appraisers to do one of the following to support their foolish hobby (appraising):

Marry into wealth

Inherit a fortune

Sell crack on the side

Win the lottery

Sure, but the premise that it’s somehow on the backs of the appraiser is flawed.  I don’t play ball, I just run with recent value indicators.  If others have broken the rules to get there, that is not my concern, and the appraiser is not tasked with policing the industry.  However I would argue that enforcement agencies should have special task forces of appraisers whos dedicated positions is to identify straw man buyers, discredit sales, recommend specific companies and individuals for further investigation and oversight, etc.  Actually our state director tried that in CO and was immediately removed.  So effective regulation has a long way to go when a companies reputation to the public is deemed to be in a higher priority position than that companies ethical compliance with the details of the law.  When it comes down to the plain facts regarding the multitude of data and participators in real estate, every simple 100 home count data set must have a minimum of no less than than 500 different interested parties influence, if not easily twice or three times that.  Seller, seller agent, buyer buyer agent, mb, closing parties, management influences, couples or singles, management overlay or not, and the list of interested parties is possibly lengthy, for every single individual home sale recorded.  To presume the appraiser can identify the details of every ethical violation in the mass data analysis for value, is a flawed presumption.  What it comes down to is buyer beware and the buyer makes informed consumer decisions or they do not.  I don’t feel bad if my reports set the buyers up to fail.  The buyers were approved via standard criteria set forth by parties other than the appraiser.  But I can tell you than when I wore the hat of the consumer, I bought well under my prequalification level and then immediately flipped to a 15 no closing costs add, in house at CU.  “Want to know the secret of the Joneses next door with those nice cars and boats and new items?”  “They did not finance 98% of that home loan and came half down.”    Caveat emptor / Blaming the appraiser is the furthest thing from the truth.  If we all played by the same rules, the same thing would continue happening.  Audit the FED.

It’s your own fault for accepting unacceptable assignment conditions. The VA rule is flawed, severely. You undercut and provided the financial incentive for such behavior. Deal with it. Just because some bureaucrat said you should undercut, does not mean you have to. It is unethical to state the appraiser must accept unacceptable assignment conditions, before the state fulfills it’s mandate of enforcement. What a load of bs that ‘rule’ is. Anyone can anonymously complain on an appraiser, but an appraiser must accept unacceptable assignment conditions before they can complain? The state should not be allowed to place conditions upon other parties, as a prerequisite for the state fulfilling the enforcement authority it is tasked with in the first place. Sounds like a lenders special to me, clearly another duck out to effective regulation. Now that you’ve completed that report and filed a complaint, it will be your report being reviewed for violations first. They’ll find something and your complaint about violations of AIR will go nowhere. Amc’s, the long arm of the lender. Stop capitalizing amc because it is not a proper or specific. There is no greater objection than absence. By providing fulfillment to the amc, you perpetuate their position regardless of the fee. Work with the good and ethical ones, drop the rest. Keep soliciting. I solicited at least 2 new clients daily for years. Use paper and the manila folder system for easy management of volume solicitation. I keep about 2 dozen clipboards in some sort of current or long to do business cycle. You have to go through 100 of them, to find a handful whom play fair. But they’re out there. Find them and promote them instead. By working with an amc, the appraiser is promoting that amc, no two ways about it. I’ve had good luck in keeping away from pointless revisions via a higher standard up front fee. You see, they can’t afford to waste that much time on a slim budget. Fees are key to a healthy appraisal business setting. Low fees have so many unintended consequences that come with them. Logic dictates that if you’re doing all the work, you should get the majority of the compensation. Abandon emotion. Seek logic.

4 weeks later the AMC requested me to consider 5 properties. All 5 properties were 16 – 29 months old. I can only assume they were from the original appraisal. I stated that they were not comparable and quoted FNMA that the lender is suppose to complete a due diligence to make sure they are viable sales that can be used as comps. This is not a rural area, there are many, many sales that could be considered comps due to I drive over 30 properties to find the best comps.

The AMC was not happy due to I would not update the Report for them to send to the lender. (They do not have a way to communicate with their lender except via reports.)

3 1/2 weeks later the lender orders another appraisal and the AMC sends it to me. lol I deleted it.

6 weeks later the AMC sends me a request on discrepancies between the two reports asking me and the other Appraiser to comment on the discrepancies. I read the request, updated my report (I was missing a check in a box). I would not comment on the “Discrepancies” since they were not in my report. I told them that it was a Review Appraisal. They said don’t you want to DEFEND your Report!

The AMC and I have gone back and forth so many times about this appraisal I finally stated Dodd Frank about coercion, intimidation, instructs, induces, colludes and about sales that would make a difference in the report. And now I am the Bitch because I would not give them their number. None of the requests were for the following reasons: appropriate property information, including the consideration of additional comparable properties to make or support an appraisal: to Provide further detail, substantiation, or explanation for the Appraiser’s value conclusion or to correct errors in a report. It was to comment on discrepancies.

AMC’s are worse than banks since they have several banks and mortgage companies as their clients that the AMC now has to make happy or the banks and mortgage company will drop them (the way they used to do Appraiser’s) and go some place else until they get the numbers they want and not the truth.

Dodd Frank has NOT helped the Appraising Community it has created a free pass for Banks and Mortgage Companies to hire henchmen to twist, coercion, intimidation, instructs, induces and colludes Appraisers arms just to inflate the value.

THIS IS HORRIBLE because the AMC has many banks and mortgage companies as clients and now that Appraiser has gone into cyber space of rotation land never to be sent another order again.

All in the name to INFLATE value and a lousy $245.00 for the report! Yes, I accepted the assignment for a lousy $245.00 so they can be turned into the state for violating DPOR C&R Fees.

There is no law that says any lender must use an AMC. They can have an internal process that solves the requirements

And to be clear, I’m an appraiser in Metro Atlanta

you obviously don’t know who the senators from new york were, and to what party they belonged.  you obviously don’t know know who the chairman of that committee was, and to what party she belonged. and the biggest fraud of dodd-frank was that fun loving barney frank.

Not that it would make any difference, but wish I had known about it. I believe there are 80k appraisers left in the US. If we all just chipped in $50.00 a piece, maybe it would have gone somewhere.

Thanks for the update.