Comments on: AMCs to Pay Appraisers C&R Fees

By: Benji

Benji — Thu, 05 Feb 2015 22:48:02 +0000

Independent Appraisers need an “Independent Fee.” Customary and Reasonable reflects a slave fee. The name means a lot. It would had solved the fee issue before it was an issue.

By: Baggins

Baggins — Mon, 02 Feb 2015 21:10:06 +0000

In reply to Retired Appraiser.

All it will take is one iota of external pressure from a lender lobbyist for the whole thing to fall apart all over again.

By: Baggins

Baggins — Mon, 02 Feb 2015 21:07:22 +0000

Amc’s have a financial incentive to depress appraiser fees, because the amc fee is inappropriately co mingled with the appraisers fees. This sort of co mingling for distinctly different services should not be allowed, and amc third party fees should have a separated closing costs line in closing documents. / The C&R issue is an unenforceable point, as long as the amc and appraiser fees continue to be co mingled. / Just this morning I removed myself from the Solidifi panel, because they refuse to offer C&R fees and refuse to acknowledge that I’ve already passed records checks at the state level, demanding another records check from me. Possibly they’re just wanting my personal information to sell to third party data brokers. I’ve spent more time removing myself from amc lists, than I ever spent marketing them. If I want to get sold on accepting more work for less compensation, I’ll definitely focus on amc work again. As an ethical business person though, I find myself unable to abide the amc program. Also tired of listening to amc appraisers cry about their compromised independent contractor position with amc’s. They choose to continue servicing for amc’s, so they all should just quit crying about their own bed that they’ve made, and continue to lie in.

By: Retired Appraiser

Retired Appraiser — Sat, 31 Jan 2015 19:48:43 +0000

In reply to bubba jay.

In every state other than Louisiana appraisers are being paid C & R fees “as defined by AMCs”. Louisiana grew a set and said decided to define C & R for the AMCs. Virginia is now attempting to grow a set. Kentucky will grow a set in the year 2525.

By: bubba jay

bubba jay — Sat, 31 Jan 2015 15:23:31 +0000

i dont get it. i thought we were already SUPPOSE TO BE getting customary and reasonable fees for our work?

is this just another warm and fuzzy-looking bill, that will become another waste of time and paper and eventually completely meaningless too?

By: Retired Appraiser

Retired Appraiser — Fri, 30 Jan 2015 22:10:07 +0000

I stand dumbfounded that it’s taken nearly SIX YEARS for a state to finally get up off of their ask to take this type of action. Thank God I wasn’t holding my breath for it to happen. I believe Louisiana may have actually beat Virginia to the punch though if I remember correctly.

By: AppraisersBlogs Team

AppraisersBlogs Team — Fri, 30 Jan 2015 19:56:03 +0000

In reply to Appraiser morons.

You can track the status of the Bill here.

By: Appraiser morons

Appraiser morons — Fri, 30 Jan 2015 19:47:19 +0000

What’s the timeline for something like this?

By: AppraisersBlogs Team

AppraisersBlogs Team — Fri, 30 Jan 2015 19:10:34 +0000

In reply to Appraiser morons.

Virginia

By: Appraiser morons

Appraiser morons — Fri, 30 Jan 2015 18:07:30 +0000

So, is this a nationwide bill or just for Virginia appraisers?