Helping Americans is not the goal of the current administration. McDonalds is closing stores in high crime urban areas, adding POS machines, and many have not reopened their dining rooms and are take out only. Good Luck to everyone in these challenging times.

In some states non competes are not even enforceable, can be illegal. It’s especially difficult to enforce non compete clauses to 1099 workers. It is even more difficult to enforce for specialty licensed services. Non compete approaches are on the way out, FTC is currently proposing a national ban on these practices, there is actually an open letter writing period which is probably still open on this matter right now.

Separation from loan production read well on paper. In practical application it’s a total failure. This did nothing to protect appraisers from lender pressure, but it sure did make pressuring appraisers easy, as we’re unable to respond to the people issuing so many daily edicts. It’s like a wives tale, and I’ve personally caught panel managers outright lying to the mortgage department and borrowers about my performance, covering their own buns while selling me down the river. The Guaranteed Rate non-licensed appraisal panel manager did that to me, just outright lied, threw a baby temper tantrum on the phone repeatedly. I swapped them out for a better client with a qualified licensed panel manager within the week, smooth sailing ever since.

The name of the appraisal management game is whipping the appraisers into shape. You are a virtual employee, less most actual employee benefits. Here is your continuing education 15% coupon from McKissock, great job. Take the time to track your actual time commitment to amc quoting and other time draining tasks. Personally I found that in busy times I was investing 2-4 hours a day on this. Ever since I refused amc engagement in general, I’ve had consistently higher per order compensation, as well as less stress and better time efficiency per order. When I receive notice of an order, it is mine and mine alone, allowing for better efficiency. Amc’s really do destroy appraisers efficient process efforts with their bidding methods. Even direct is this way though, deadline focused, people get heated because pressure flows downhill, the appraiser is the end of the line position. Sometimes you have to be willing to watch them float by with a longer turn time estimate. The appraisal industry is a very time demanding position because we come at the end of the line after all these other efforts are already set in place. A better quoting method for amc’s is to provide static fees and turn times. $xxx fee & 1 week from the date of assignment. It’s the old addage in real estate, first one to say a number loses. In this case, landing with a specific due date. ‘From the date of assignment.’ Then you can skip the wasted resources of honestly reviewing all these orders, and just quick respond a standard fee and turn time. If you run into something complex, you negotiate again. What ends up happening though is with amc’s you’ll only get complex work and will get underbid on the bread and butter more simple work you need to sustain the business. With lender direct it’s a mix of easy and tough, and you just take them all at a standard fee. A better position to be in.

What many appraisers may not realize, is lenders already do this, often shopping orders to multiple amc’s at once, who then shop them out to untold numbers of appraisers. Absolutely lowest number gets it.

Lender needs appraisal. Lender calls appraiser . Appraiser performs assignment.

Can we get back to this and stop all the nonsense already!!!

Unlike Kimberly, I would dance in the streets if every AMC employee lost their job and every AMC.owner ended up in prison.

Now the banks have transferred the overhead to the AMC. The bank executives love the AMC that save them tons of money.

You hit the nail on the head Joseph! I’ve always said make attorneys go through an Attorney Management Company to receive work and see how long it takes them to lobby for that to change. They have a little more power than we lowly appraisers. I love appraising, but am so discouraged with what has become of our profession. Been doing this for 37 years and am counting the days until I hang up my clip board and camera.

Well said.

Remember the names of the AMC’s that donated against appraisers, hopefully a few of them will be gone soon.

We need to realize that the Appraisal Institute is the ENEMY of appraisers and the industry. They say they advocate for appraisers but ultimately, they do whatever Fannie and Freddie say….bought, sold, and empowered by NAR and MBA Lobbyists. Also, don’t believe the theater between the ASC and AI, its all for show.

I wouldn’t take a non -compete unless they are paying me during that non-compete period for enough money, which there is no way they would do.

I wonder how many signed a Non-Compete?

This guy has a running list of mortgage lay offs. Does not seem as bad as last time though, wait and see. Take a second to also read the bottom of the comments list, which are the most recent. All the big names, nobody is insulated. I’ve reviewed several corporate sellers like OpenDoor take quite a few losses too lately. They bought on anticipation and then liquidated for losses. Who would have thought that selling your home to a company like Open Door, in early 2022 could have netted you +$50k more than the next guy, and a comparative +$100k or more in effective additional purchasing power today. Remarkable. With what’s coming, people may look back a few years from now and say you know what, 6% was not all that bad.

https://www.thetruthaboutmortgage.com/a-list-of-recent-mortgage-closures-mergers-and-layoffs/