Comments on: Sorry, HousingWire, You’re Wrong

By: Ralph

Ralph — Wed, 21 Jun 2017 18:51:50 +0000

I read the Housing Wire article, It is PURE FANTASY! Pushed by large AMC’s such as Title Source who charge $750, pay the appraiser $350, and hide behind dumb ass logic, stating “The consumer does not care how the hamburger is made” Here’s hoping your future is filled with loan re-purchases and the crappy reports you will continue to receive.

This is also pushed by mortgage broker’s blaming long turn times on a perceived appraiser shortage when it is simply AMC’s price shopping for fast & cheap, wasting 2 weeks, when if they paid C&R in the beginning the report would be done.

In any financial arrangement which has a middleman, that is the only one who benefits. AMC’s continue to contribute nothing to our profession, but least they are finally starting to feel the pain!

By: Raymond

Raymond — Wed, 21 Jun 2017 16:33:06 +0000

In reply to Aunt B.

if there is any shortage……..it’s a shortage of common sense among lending appraisers who chose to give up 50%+ of their appraiser fee and endure irrelevant underwriting requirements.

By: Aunt B

Aunt B — Wed, 21 Jun 2017 03:39:34 +0000

Shortage??? Yeah, there’s a shortage of appraisers willing to endure relentless badgering and unnecessary “revisions” by AMC “reviewers” who get paid to “find” trivial mistakes and waste your time. I have DUMPED most of them and I know I am not alone.

By: Retired Appraiser

Retired Appraiser — Tue, 20 Jun 2017 21:46:50 +0000

Jacob Gaffney hires kids straight out of school (if they are that old) to write for Housing Wire and then proceeds to defend them like they as if they are veterans with 30+ years experience. The vast majority of these kids know nothing about the housing market much less the appraisal business. I had a go around a couple of years ago with the guy and when I backed him into the corner over a ridiculous appraisal article his last attack on me was over my misspelling the reporters name.

My recommendation to Housing Wire reporters is to get some real experience first. AMCs would love to hire you to harass appraisers and they’ll pay you considerably more than Housing Wire. Who knows…you may even learn something.

By: Raymond

Raymond — Tue, 20 Jun 2017 17:28:50 +0000

Again, the AMC business model is NO friend of the residential lending appraiser or any appraiser working with AMCs. The AMC business model was created, implemented and designed BY and FOR lenders and lender interests groups. Its creation was cloaked with the perception that it will improve appraisal quality and independence. Now, how can this be, when AMC take 50%+ of the appraiser’s fee and then implements the lenders goal of controlling the entire appraisal lending process. Appraisers are forced to comply or they are blacklisted and removed from doing appraisal work. The AMC business model is basically professional slavery. Let’s hope someone, at sometime, will cut the appraiser chains.

By: Gary

Gary — Tue, 20 Jun 2017 16:34:03 +0000

Get rid of AMCs and then see if there is still an appraiser shortage. Both consumers and appraisers are being ripped off by them.

By: Jack Of All Trades

Jack Of All Trades — Tue, 20 Jun 2017 14:26:48 +0000

Amc’s are an evil entity, they will do whatever it takes to lie, cheat to hold on to what they have, you could be the last appraising standing and they will still try to send you $65 desktop work, they are the evil empire of the industry.