No doubt…I say stick to your guns.
AMCs can s*ck it.
I do mostly private attorney work & high end lender assignments. This IS the future of appraising.
Not low ball AMC fees.
These lenders etc. get what they pay for.

Yes, selective blindness and ignorance is a big problem with some of the responders. (Ego as well) Appraisers are not against change when it is logical. This is not. Especially when you take into account the increased use of PDCs, hybrids, trash products and waivers. Oh, and the increased data theft from appraisers.

It might be a good idea to ask them how that fee was established and there is a little thing called DODD-FRANK

Not in Virginia yet

Fingers crossed!!!!!

Don’t you think that the AMCs collude everyday?

I agree with you 100 percent, unfortunately asking and receiving are two very different animals. I was considering coming out of retirement and taking on one order per week just to stay active. You can bet that I would be asking top dollar for my work. I am not encouraged by the fact that our largest local bank has appraisal fees listed on their web page at $450.

Data mining is all the rage but look how fast the fever for automated systems is fizzling out. After a few years of non stop hipocracy and beyond obvious bias which ends up inevitably being coded into every single ‘AI’ program out there, the fever for AI has already abated for most. Like how Sports Illustrated fired all the journalists and went with AI, then got roasted for pushing nonsensical faux article pieces. And we’re not talking possibly subjective bias like with humans, with AI artificial intelligence systems we’re often talking outright non objectivity and advocacy, lies and blatant deceptions.

AI systems are known and now proven to lie with impunity and are often unaware they are committing any offense. Cyber attacks which work are now an everyday event, the CU system is not an exception, as we viewed with the recent First AM hack, which was a continuation of successful penetration into lending based systems. Only a matter of time.

CHD Childrens Health Defense published a lengthy article on AI systems conversations related to a higher complexity subject which was vaccines, and we learned a lot of highly disconcerting things about the unreliability of automated intelligence systems, I’ll try to find you the article, a long read but worth while. There is still a sliver of hope that the FHFA, Fannie, and Freddie managers will come back to the real world with the rest of us humans, and stop worshiping the AI golden idol, placing everyone in harms way with these pushes to more and more automation.

The truth of the matter is that those systems if implemented and human appraisers totally eliminated, in all likely probabilities, will immediately become unreliable and will undoubtedly be manipulated and recoded over and over again by those with direct access to the systems and biased intentions (applied advocacy for institutional investors and lenders interests over and above that of the consumer).

https://www.housingwire.com/articles/first-american-cybersecurity-attack-disrupts-closings-over-holidays/
https://nationalmortgageprofessional.com/news/first-american-financial-corporation-suffers-cyberattack

Who trusted those people to be in front of computers with administrative access? Lol, tech jokes.

https://childrenshealthdefense.org/defender/chatgpt-ai-covid-vaccine-dna/
Use the search bar with this term on that site; Artificial Intelligence. ‘non-intelligent AI systems’. Prone to the bias and ignorance of every programmer whom comes in contact with the system, a cumulative building risk. AI in valuation will be no different, and probably worse in terms of mid term and long term data reliability.

Its all about the data mining, brother. The form wasn’t changed for appraisers, it was changed to benefit the GSE’s and their data collection algorithms. From what I’ve read not one appraiser was consulted in the new URAR redesign. The complexity you describe from the tech nerds is not by mistake, they want to phase the appraiser out and rely upon data collection.

As you mentioned, who is going to take the time with a new trainee to learn them up on this new form? The issue of not enough new appraisers entering the profession will be compounded when they see just what a steep learning curve it is for all of us. In-N-Out looks really good about now.

https://www.careerbuilder.com/advice/blog/high-paying-entry-level-jobs
Burger flippers at in and out around here start at $20 an hour.

Your fees are quite reasonable, at least for Colorado. The news the other day says we have the highest inflationary rate of any state in the country. The thing about the new forms is nobody will have experience with them, and they’ll never ever gain that experience either. Half of the industry whom does not complete GSE work, yet still works with GSE appraisers through avenues such as review, state, legal, and beyond, they all still use and are familiar with thecurrent 1004 form, or the GP general purpose form. Unless Fannie waves a magic wand which miraculously can make all 80,000 appraisers and the few other hundred thousand people whom routinely work with appraisers competent to use this new form, without having special software subscriptions, this will not be a broadly accepted form. I’m still waiting to see the full long form version which I can print on paper to perform write ups in the field with a pencil. That’s the most basic initial training for an appraiser, to have them manually fill out the 1004 form in the field while the mentor supervises and walks them through all the different categories and how that relates to every single action we perform in one way or another. We wish all the tech nerds of the world would take a very very long vacation and learn how to provide a finished product. It’s like we have to always suffer a never ending stream of security breaches, new software learning tasks, adjusting our entire lives and business activities, just so tech people can stay busy and employed full time. The current form is good enough and if they must change it, they should at least keep the basic format of the grid in one page. It’s really a waste of everyone’s time to create some all in one interactive form when they could have simply revamped all the different individual forms for less than half the time and effort, had the effort finished up for a seamless industry transition in less than a few months time. Just throwing money and resources away on a pipe dream of total automation. Your tax dollars, hard at work.

The fees will of course remain fluid, but there are new dynamics at play. Such as the new appraisal forms which from a mathematical equation perspective for someone whom actually has to fill out and use the forms to come about defensible valuation analysis positions, are a total nightmare. Whom in their right mind spreads out a math equation which could fit on one page, across ten dozen interactive pages and does not even include the basic rudimentary tools a human needs to complete the math, like net/gross indicators? Then we’ve got the value acceptance programs which basically removed all the simple work that trainees need and appraiser firms used to thrive on, all of that work is gone and automated away. The only work we get now is high risk low score type of assignments well over the demin value baselines. So I beg to differ on any assumption that the fees will come down and adjust. Fees are only going to increase as more appraisers quit, are busted out by ever more dangerous liability pitfalls, or become burned out by the burden of receiving only complex work assignments all the time because all the bread and butter work like PIR’s or simple assignments are either automated away by value acceptance or completed by non appraisers, courtesy of the amc industrial model.

Lenders in the know whom are not using amc’s have had a pattern of constantly increasing the appraisers pay to try and retain us, because there is such a constant brain drain as people with options and ability, simply leave this industry. The amc model drove most of the specialists out of this industry but there are a few whom persist, at least for now. Couple in the insane inflation, the fees are never coming down again. There will never again be as plentiful of a body of licensed qualified appraisers to exploit as they have had over the past two decades. We’re on new ground, in new territory now.

Baggins,
That is an old VA Fee & Timeliness sheet from 12/21. Those fees were nice when I was getting 4 orders a week from them. When I got on the VA panel the VA fee was $400 and everyone else was paying around $350. VA realized that in 2014-2016 they were falling behind and kicked the fees to $600, then bumped them again in 2019 to $800.

If anything, the VA will revisit the fees “in Washington DC” for 2024 and those 1004’s at $800 will most likely go down to $500-$600. VA has always been astute to market trends and have adjusted the fees to be competitive within the market every few years.

At least some entities still value and appreciate the fee appraiser, for now.

Holy smokes! VA fees just jumped again.

Your ready to go honest market fee guide, compliant with the original spirit of the Dodd Frank Reg Z regulatory instructions on C&R (market fees as if no amc was involved), just a click away. Don’t forget to add the amc surcharge for the additional oversight and scope requirements. Rather sad to review this, HUD and the various Fannie clients are still behind.

https://www.benefits.va.gov/homeloans/documents/docs/denver_fee.pdf

OK I will start the bidding. Price includes full inspection and no assistance from burger flippers.

1,000 SF single family: $700
2,500 SF single family: $800
4,000 SF single family: $900

Add more for acreage, historic nature, weirdness factors, and green features.

a lot

1,000 SF home
2,500 SF home
4,000 SF home
No acreage