Comments on: AQB Proposed Background Checks Focus on ‘Public Trust’

By: Baggins

Baggins — Thu, 08 Jan 2015 23:25:25 +0000

Clarification of the management rule, regarding providing a thing of value is long over due. How to get amc orders; Provide a greater profit margin than the next appraiser, for the amc. When does the consumer get the benefit of this so called free market system. Cost savings are never returned to the consumer, but rather held as variable opportunistic amc profit. Junk fee rules and earned fee rules should be applicable. Plain and simple, amc fees should not be allowed to be mingled with appraiser fees, thereby eliminating the financial incentive to drive down appraiser fees for profit. If the amc provides worthy assistance to the process, they should have a fee for that, and get paid separately by the client.

By: Divedude

Divedude — Mon, 22 Dec 2014 18:03:35 +0000

Did Barney Frank have the public trust when he solicited a male prostitute? The list goes on and on.

By: appraisermorons

appraisermorons — Wed, 17 Dec 2014 20:05:22 +0000

I agree with Doc. I think the AMCs should pay less to the appraisers than they do now. Especially since the new UC requirements on Jan 26th are going into effect. I think the AMCs deserve all the money since they do so much work and have so much liability. The AMCs are definitely going to have to hire more employees to review the bad work of appraisers when UC comes. Appraiser should be paid way less than $200 per appraisal. I think the AMCs should raise their prices to the borrowers by a couple hundered dollars to cover their expenses. God bless the AMCs!

By: Doctor Manhattan

Doctor Manhattan — Wed, 17 Dec 2014 18:51:28 +0000

I kind of think that the amount of fee paid to an appraiser matters not to the average consumer who has much more to worry about in these times.

By: Retired Appraiser

Retired Appraiser — Wed, 17 Dec 2014 17:46:12 +0000

Now For The Best Part
If you’ve done work for an AMC you instantly fail the background check. Why? Because you’ve willingly participated in an extortion scheme by kicking back a very large portion of your earnings each month in exchange for appraisal orders.

That should cut down the number of active appraisers considerably.