Comments on: Texas Appraisers and AMC 2015 Survey Report https://appraisersblogs.com/appraisal/the-texas-appraisers-and-appraisal-management-company-2015-survey-report/ Appraisal News and Tips for Real Estate Appraisers Sun, 24 Mar 2024 17:35:43 +0000 hourly 1 https://wordpress.org/?v=7.0.1 By: Baggins https://appraisersblogs.com/appraisal/the-texas-appraisers-and-appraisal-management-company-2015-survey-report/#comment-11674 Tue, 21 Apr 2015 02:42:48 +0000 http://appraisersblogs.com/?p=7311#comment-11674 Shoot, I charge most amc’s a hundred to two hundred dollar premium as soon as they mess it up, which they usually do. I try a lot of them out at fair fees, but 95% of them disappoint immediately and demand much more of my time and effort, for equivalent or less pay than direct. Under paid telecom phone workers do not make for quality real property order assigners, or reviewers. That’s when the fees go up. I don’t exist as a small business person to be the last stop for cost savings or save someone else a dollar. And it’s obvious the implementation of these fee surveys is beyond pointless. Talk about a bureaucratic cover up. What was the difference in borrower fee for amc vs not, and what was the highest average pay within a defined range not skewed? That’s what lenders used to pay. Like an appraiser pal of mine has been saying; You know, every decade I give myself a raise, because I’ve earned it. / I’m moving to a $500 base standard and have been getting that quite often. When the bureaucrats demand more, the independent servicers charge more. It’s not rocket science. Show me a fee study that is not ‘by survey’, but one which is based on closing documentation fee distribution disclosure. I think somebody has misunderstood the point of a fee ‘survey’ for C&R. It’s not supposed to be an actual voluntary survey without factual provable data backing and redundant data double checking. Geesh! Nothing short of actual unbiased data disclosure from the source is going to be credible. Half of those ‘fee survey respondents’ probably fudged anyways. On one side of the coin, appraisers may feel compelled to fudge the answer on the low side, thinking that might spark higher fees and recognition of the oh so obvious issue with fee depression that appraisers face daily. A simple yes no question regarding do amc’s pay fair and distribute fairly compared to lender direct would have sufficed. On the other side of the coin, appraisers may fudge on the high side, in an attempt to some how beat the oppressive unfair distribution systems. It’s a lose lose. And these survey companies obviously have never worked with these major amc’s, because they have not a clue how tricky they can be, and how divisive their plans for expansion at the expense of appraisers really is. Here is a more logical industry wide analysis approach: Consider the total cash volume of the amc industry. Now re apply that back to appraisers, where that money belonged in the first place. Consider the proportional difference broken down to a per fee basis. Now you’ve got some more accurate figures regarding how much the amc industry has taken from the independent appraiser base. I would not be surprised at this point if there were more bureaucrat amc handlers than there are appraisers. Where is the survey on how much of the appraisers time the amc’s waste by calling around endlessly and micromanaging every single order to try and make appraisers provide cheaper services? Where is the survey on lost time and effort and lost working capital for appraisers, before the order even get’s assigned? I’d love to see that one. Let’s examine how much time is devoted to cutting down the appraisers fee, and see if it’s even worth the effort, which I doubt it is. Amc’s would not work this hard to save borrowers money on appraisal service costs. They do not pass cost savings back to borrowers. Whatever they do, I don’t care though. As long as I earn more than the service handlers, that’s what matters. I’m the one doing all the hard work, the amc guys are merely process clerks, and the pay scale should run according to those principals of specialty and experience.

]]> By: Mike Ford, CA AG https://appraisersblogs.com/appraisal/the-texas-appraisers-and-appraisal-management-company-2015-survey-report/#comment-11668 Wed, 15 Apr 2015 20:01:53 +0000 http://appraisersblogs.com/?p=7311#comment-11668 Their hearts and efforts may or may not be in the right place, but one glaring omission is HOW they determined that non AMC fees versus AMC fees were NOT also influenced by the competition from lower AMC fees? Just because I can do work for a non amc does not mean that when THAT client has checked for typical fees that lower AMC fees did not figure into THEIR consideration of how much they should be willing to pay.

Im amazed that BOTH appraisers and AMCS feel that increased appraiser experience should NOTY factor into fees being higher. Really?

So in their study BOTH appraisers and AMCS felt there is no benefit or added cost warranted by having a certified appraiser over a non certified appraiser? How about a general certified versus a trainee?

IF they want to come out with a meaningful survey they separate it completely from any fees paid to AMCs at all. Simply survey appraiser and ask what their fee ranges are for non AMC work. Don’t even mention AMCs.

Half the appraisers responding probably think responding COULD influence the amount of work they get-unless they know it is truly anonymous survey.

Who commissioned and paid for the survey?

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