This Reminds Me of Low Echelon….

Low Echelon AMCs, Lenders & Appraiser Servants

Appraisers who won’t or can’t “just say NO” to low echelon AMCs

The comic strip below reminds me of…

  • Low echelon lenders who think a copy of an appraiser’s license must be included in appraisal reports. They apparently never have actually read an entire report to find that info is already included
  • Low echelon lenders who think a copy of our E&O binder page must be included in appraisal reports
  • Low echelon AMCs who are agents for the low echelon lenders above and just accept that nonsense, passing the demand on to appraisers
  • Low echelon AMCs who fail to inform their low echelon lender clients that it is the AMC’s responsibility to obtain and monitor those documents – provided to them by their appraiser vendors

Everyone else doing it

  • People with appraiser trade associations who won’t be advocates for appraisers about these items
  • People in appraiser trade media, the blogosphere, forums, web sites, etc., who turn a blinds eye away from this nonsense and will not editorialize why these items are not necessary in appraisal reports
  • Appraisers who won’t or can’t “just say NO” to these frivolous and unnecessary demands and refuse to challenge the AMC and ask them to do their jobs properly, and refuse assignments where these demands are an ultimatum
  • Appraisers who believe it is a ‘business decision’ to just comply with scope creep demands that have nothing at all to do with the valuation or lending decision, and are proud of doing so
Dave Towne
Dave Towne

Dave Towne

AGA, MNAA, Accredited Green Appraiser - Licensed in WA State since 2003. Dave Towne on

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9 Responses

  1. Avatar Jack Of All Trades says:

    I agree all AMC’S are low echelon, slimy  and unprofessional.

  2. Avatar Xpert says:

    I only deal with high echelon clients and you guessed it: none are AMC’s.

  3. Avatar Ralph says:

    All AMC’s are low hanging fruit which is why I have none as clients.

  4. As of last month I officially have NO AMC’s as clients! The pay was not worth the hassle…good riddance to the scum!!!

    • Baggins Baggins says:

      Good one.  The notion of doing more for less defies logic.  Add education and consultation as a constant factor for amc’s.  That happens because you always have to revisit reports and educate some reviewer or distribution worker as to correct process.  You’ll never reach the tech guys, and they create a hefty portion of stall out events because they code review systems without having ever read the selling guides and such.  Amc’s are clearly top heavy on tech and it’s doubtful they have effective training programs which include reading the rule books they supposedly help enforce.

  5. Baggins Baggins says:

    “Cost savings from reduced cost of appraisal services are not returned to the borrowing consumer, equating to a pay to play or providing a thing of value incentive to be the preferred selectee by helping the amc profit more.”  Or something like that, the beat skips on.  You can always tell who’s dialing it in, they don’t even know what the consumer fee is.  I’ve never seen such a large group of ‘managers’ who can’t manage anything without someone elses permission.

  6. Avatar koma says:

    Lender QL, I will NOT take on a 1004 non-complex appraisal  with a 48hr turn time for $335. VA pays $525 in that area with a 10 business day TT (just to give you an idea). Good clients I have pay more than that for a 2055. Move on to the suckers who will accept that fee and you’ll get what you pay for.

  7. Vincent Ralph Simon on Facebook Vincent Ralph Simon on Facebook says:

    Wells Fargo uncovers up to 1.4M more fake accounts
    Don’t accept any assignments from Wells Fargo Core logic. If you do your a leach . Have some freaking pride.


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This Reminds Me of Low Echelon….

by Dave Towne time to read: 1 min