Update from my first post:

One of my lenders just got back to me she said that none of the appraisers on the approved panel will be doing the desktops, GOOD FOR THEM, stay united. So far of my 6 lender clients the appraisers who work for 3 of them have said no. Many of these appraisers also work for the other 3 lenders. My lender clients detest AMCs so we will see how this all plays out. FNMA I will not be doing $100 reports, nor will I ever put my clients at risk. Skippy can do it. I just need to hold out for 3 more years. I feel sorry for the new appraisers, make sure your E&O covers you.

Thanks Scott. This: https://appraisersblogs.com/desktop-appraisals-has-the-devil-infiltrated-the-public-trust#comment-33372
Get to know the argument how amc’s were supposed to be effectively regulated but side skirted the entire point of their regulation in the first place. How it happened, why it happened, and what can be done about it.

” 1) AMC’s are taking a lion’s share for each one done…”
The first one of these sent to me the AMC was paying $115 and charging the lender $400. No joke.

I say this every time, but these desktop products are the death rattle of the appraisal profession.

Helen, excellent. If I may politely add; Corporate interests are progressing into real estate at a rapid pace and are also pushing for a more commercialized model as they seek to turn an increasing volume of properties to rentals. Even accepting the use of LIDAR 3d modeling technology for hybrid inspection results in individual homes having a new and more detailed ‘digital fingerprint’ within cloud based data systems. This lines them up for further exploitation down the line once chain of data custody is broken as privacy rules and client confidentiality rules do not carry the same applicability into the future. Desktops with remote third party inspectors are a data goldmine for big tech seeking to break further into real estate.

They are being pushed because: 1) AMC’s are taking a lion’s share for each one done 2) the software originator’s are getting a piece of the action 3) the third parties are taking no responsibility 4) we are the only ones standing in the way of this 5) they are getting well known veteran appraisers to sell their businesses to jump on their bandwagon…for a price. I will not do them.