HEY EVERYBODY, FLAGSTAR REIMBURSES THE UPLOAD FEE WHEN YOU GET PAID..SO JUST STOP

That fee gets reimbursed to you on your check…per my experience with them

They pay full fee and there is no hassle; I love working with Flagstar

I’m on their panel and they pay full fee. They are the best to work with.
I will say that I still do Flagstar orders for an AMC; so they are not totally rid of AMC’s yet

I just took a USPAP class and was under the impression that you do in fact have to disclose this fee. We actually spoke with regards to the upload fees that AMCs are charging.

I just saw someone post the following in another forum so I’m going to share it here. Be careful about giving your bank account info to AMCs or others for ACH payment. They can as easily withdraw money from your account.
“The secured creditors take everything. I had a payment clawed back by the courts in a bankruptcy for an AMC years ago and it was made two months prior to the bankruptcy proceedings. Looked at my bank account one day and over $1500 had been withdrawn. I got a certified letter two days later from the court stating it had been taken to satisfy secured creditor debt. They can go back several months if they choose.”

All reports are subject to professional inspection for roof, foundation, plumbing, and electric…….

I used to have one that was like that when I was doing transaction appraisal work. Fortunately volume was low and I cold figure it out but Chris point is valid. All should consider the following (assuming amounts are all the same).

Create an “Appraisers AMC / AMS” section on your webpage and list all YOUR policies.

1. The appraisers stated policies on this page supersede any and all lender boilerplate ‘standards’ and or requirements. Placement of orders constitutes conformation that client has read and agrees to all terms and conditions on this page unless otherwise specifically noted and consented to by the appraiser in his or her order acceptance.

2. Unlabeled payments are applied on a first in -first paid basis. All payments are applied to oldest invoices first

Any other necessary limitations you deem to be warranted AND reference the URL as a condition of the appraisal.

OK, admittedly too many exceptions might be over reaching. Just ‘thinking out loud’ so to speak.

I have to agree with Mr. Ford on this one.

Ralph that’s like saying payment of baksheesh or mordida (bribes) is simply a cost of doing business in certain countries. U.S. law prohibits U.S. Corporation and companies from doing it.

Any ‘new cost of doing business’ mandated on me by law or monopolies is not ‘simply anything’…except extortion.

In the days of hard copy reports I told the client in advance that I would increase the fee depending on the number of copies they required and the method of delivery. NO charge for regular 1st class or pick up by their messenger (title companies used to do that for free); FedEx or UPS fees were added.

The primary difference between then and now is that (1) the client KNEW and agreed in advance to the additional fees; and (2) I wasn’t required to take delivery fees from my own pocket hence there was no payment of fees to ‘secure’ an assignment.

Flagstar, If I’m ever desperate enough to do business with you don’t forget to add my own 15% “KMA Fee”

YOU figure out what its for!

Fee negotiations are slightly different with the volume guys, the top 20 and other small scale guys with limited panels whom effectively push similar strong volume to a smaller panel. It’s a lot tougher to get that 10 or 20 spiff.  But then again there is fair balance with direct as opposed to shopping. 550 minimums were essential in CO for us to keep up the pace and answer the demand. It’s important for appraisers to understand the regional relationships, and the way fee shoppers like amc’s and such know very well they’re paying one appraiser half rate vs the other appraiser in a different locale, despite the parent lender having a static nationally applied consumer fee. If you’re in a location where companies errantly apply the idea you’re worth less by proxy, being closer to other available appraisers, you’re getting a double whammy. Not only are you getting less and the amc profiting more, you’re also getting additional downward fee pressure as the company rakes more from your fee to compensate against appraisers in locales like CO, TX, OR, where we have successfully driven fees up. This is a primary reason I find it ethically difficult to pursue amc’s as primary clients, it’s heart breaking to think that because I make fee headway, an appraiser elsewhere takes shorts as a direct result of my actions. Direct is all around a superior approach and appraisers should immediately prioritize direct above all else. What’s wrong with symbiotic business relationships? Amc’s had their chance for a full decade and despite their self centered investments in tech and efficiency on their end, better this better that, they still fail to provide fair balance across the board.

Appraisersblogs rocks!

Why not raise your fee by $10 and be done with it.? Why do I have to lower my fee to upload the report.