Bobby Jones best thing I did was go after private work and community banks. No more AMC’s. Less work but more money

Donna Corrado people are to chicken shit to do that. We should do it for a month

Mike, those are the kind of things that need to be reported to Jim Park at ASC as well as your state. No one but you has evidence of that type of fraud and forgery. That goes beyond bad business practice to outright criminal fraud on their part. Please don’t let them get away with it.

PS – don’t be embarrassed. We can’t know how bad something really is until we investigate it. I hope others will learn from your experience.

If the GSE’s want to bypass traditional appraisals, who will they blame when it crashes again?

Their computers??

For appraisers without a clue, get a clue immediately. Learn to market or get out and make room for appraisers whom understand how marketing and sales work. n case you missed it, as an appraiser, you’re in the marketing and sales industry. If you can’t get past low level amc process clerks, you may not be properly equipped to deal with licensed people. Stand up or step aside. Identifying direct lenders is as simple as marketing down the lists of lenders in your area, keeping proper notes and client files, and refusing all amc engagements.

“When your company stops using amc’s, please keep my information, because I’ll be available.”

We’ve paved the way, now will the rest of you please get with the program? One day you’ll need a home loan too, and wouldn’t it be remarkable and disconcerting, if an unlicensed hybrid runner was sent to your property? Here are a few I no longer work with, you can have them, they’re better than amc’s but really, not that hot to work with and neither outfit hires a qualified panel manager. Still beats amc’s though. Leads for days, all you need is a list of lenders by volume and a telephone. Have at it. CJK, can’t believe you answered the call… NEXT in line please. Who else can share?

https://www.rate.com/appraisers

https://www.usmortgages.com/contact-us

$600 for CV, $650 for FHA, 10 day turn time, paid within 30 days. $150 for Final Inspection, 3 day turn time, they use AppraisalPort (not an AMC). LO and Processors cannot talk to the appraiser. Appraiser must inspect, take photos and sign report.

* One time a listing broker was all over me about the value. I told the lender, they sent the broker an email telling him to desist, if he did not they would file a complaint with the state.

Benchmark
https://benchmark.us/

$600 for CV, $650 for FHA, 5 day turn time (can have more time if you just ask), paid within 14 days. $150 – $200 for Final Inspection, 3 day turn time, they use Mercury Network. LO and Processors cannot talk to the appraiser. Appraiser must inspect, take photos and sign report.

*They detest AMCs, if the approved appraisers are busy, they will pay more just so they do not have to deal with AMCs. They have had nothing but problems with them in the past.

Someone should develop and share a list of lenders whom do not use amc’s, free of charge…

It’s important to support the good guys.

If I recall I was also a trainee for about two years (full time back in the 1980s) before I could go and do my own inspections. Even today after 36 years I sometimes get the property that makes me say: “what the hell is that.”

It is very easy to remove a signature from a report. Appraisal Port does it with every appraisal.

This is what I have in my reports.

The lender/client xxxxxxx has directed that the appraiser transmit the content of this report via AppraisalPort. Pursuant to its user agreement, FNC/AppraisalPort has disclaimed any warranty that AppraisalPort will be error free, has advised that information reported to and by AppraisalPort may be subject to transmission errors, and has indicated that use of AppraisalPort is at the user’s sole risk. Accordingly, the lender/client should make its own determination as to the accuracy and reliability of AppraisalPort for its use. The appraiser makes no representations and specifically disclaims any warranty regarding the accuracy or portrayal of content transmitted via AppraisalPort or its reliability. The appraiser uses such technology at the specific direction and sole risk of the lender/client xxxxxx. At its request, the lender/client may obtain a true copy of the original report directly from the appraiser via email (PDF), mail or other means.

Appraisal Port is not an AMC, I do not work for AMCs.

That’s right. If appraisal requirements do not pass 3 gates of risk management, only then will a full appraisal be ordered. If they think we’re going to offer standard rates for only high risk high dollar work over 400k, it’s a pipe dream. The end is very near. Without the bread and butter work 9 out of 10 independent mortgage lending appraisers will fall. We all thought it could not get any worse, but it did, exponentially worse.

Meanwhile, there are appraisers still wondering if they should perhaps try and get away from unnecessary third party order clerks. One might doubt their ability to provide meaningful independent analysis in the face of existing market uncertainty, when they can’t even manage to get away from a check to check lifestyle or say no to unlicensed process clerks. Next!

Although I’m holding the smoking gun that can result in severe penalties for this amc, which could affect their licensing status nationally, I’m not going to do anything about it… They share lists and I still want to work with the next amc instead.

Clearly, another appraiser intimidated by amc’s.

The fact you’re still working for amc’s at all, means you support this. Learn to say no. Learn to market past the third party clerks. Dear someone, please save me from my own appraisal client business decisions!

If an appraisal ‘waiver’ is not granted, they will then go to a 1004p, via a PDC (property data collector)..

If neither of those work, then the option would be to order a traditional appraisal..

So from what I gather here – Even if it got to the point to where FNMA required a traditional appraisal, it would already be predisposed / labeled as being a ‘High Risk’ by the time an order even got to us…. Which would set us up for more scrutiny & headaches….

If FNMA is truly going in this direction, origination work as we know it is HISTORY

WHAT??!!

Shaun Murphy Jr. I did two years ago and very happy