payment - Appraisers Blogs https://appraisersblogs.com/tag/payment/ Appraisal News and Tips for Real Estate Appraisers Mon, 31 Aug 2026 00:05:19 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 payment - Appraisers Blogs https://appraisersblogs.com/tag/payment/ 32 32 52046035 First the Borrower Fee. Now the Appraiser Compensation in Court https://appraisersblogs.com/first-the-borrower-fee-now-the-appraiser-compensation-in-court/ https://appraisersblogs.com/first-the-borrower-fee-now-the-appraiser-compensation-in-court/#comments Wed, 19 Aug 2026 12:30:56 +0000 https://appraisersblogs.com/?p=34918 Two lawsuits place Class Valuation’s fee transparency and staff-appraiser compensation practices under federal scrutiny. Most appraisal disputes examine only one part of the transaction. Two pending lawsuits involving Class Valuation, LLC approach the appraisal process from opposite directions. One asks whether staff appraisers were properly compensated for overtime. The other asks whether a homeowner was properly informed about how an appraisal-related fee was divided. The cases are legally separate. They involve different plaintiffs, statutes, and courts, and neither has produced a finding that Class Valuation violated the law. Viewed together, however, they raise a question the appraisal profession has asked...

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]]> https://appraisersblogs.com/first-the-borrower-fee-now-the-appraiser-compensation-in-court/feed/ 33 34918 The Board Has Spoken, and AMCs Should Pay Attention https://appraisersblogs.com/the-board-has-spoken-n-amcs-should-pay-attention/ https://appraisersblogs.com/the-board-has-spoken-n-amcs-should-pay-attention/#comments Mon, 06 Jul 2026 12:30:02 +0000 https://appraisersblogs.com/?p=33488 The Board handled this case with the same patience appraisers have when an AMC sends “preferred comps” from another planet.  Virginia’s Real Estate Appraiser Board delivered a message at its June meeting that was impossible to miss. An attorney appeared on behalf of Financial Asset Services and Brandon Sison, asking the Board to reconsider the discipline handed down in March. The request arrived without the AMC or Sison themselves, which already set an interesting tone. When you ask a regulatory board to undo a suspension, showing up in person is usually a good start. The March decision was clear. The...

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]]> https://appraisersblogs.com/the-board-has-spoken-n-amcs-should-pay-attention/feed/ 16 33488 The Shadowy AMC Fees Draining Billions from Homebuyers https://appraisersblogs.com/the-shadowy-appraisal-management-companies-fees-draining-billions-from-homebuyers/ https://appraisersblogs.com/the-shadowy-appraisal-management-companies-fees-draining-billions-from-homebuyers/#comments Thu, 09 Jan 2025 13:30:46 +0000 https://appraisersblogs.com/?p=32371 The hidden costs of appraisal management companies (AMCs) in the real estate industry have faced growing scrutiny, as highlighted by a recent Business Insider article titled “The Hidden Middleman who cost homebuyers $12 billion dollars and counting.” The article examines the opaque practices of AMCs, which frequently charge exorbitant fees that can exceed the amount paid to the appraiser. As highlighted by former Appraisal Institute CEO Cindy Chance, this issue has faced significant resistance from entrenched interests, mirroring the challenges faced in other industries such as the pharmacy benefit manager (PBM) sector, which ultimately led to an FTC investigation. The...

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]]> https://appraisersblogs.com/the-shadowy-appraisal-management-companies-fees-draining-billions-from-homebuyers/feed/ 158 32371 Is a Horde of Deadbeat Borrowers Again Walking Among Us? https://appraisersblogs.com/is-a-horde-of-deadbeat-borrowers-again-walking-among-us/ https://appraisersblogs.com/is-a-horde-of-deadbeat-borrowers-again-walking-among-us/#comments Mon, 04 Nov 2024 13:30:44 +0000 https://appraisersblogs.com/?p=31500 There are signs of a new horde of deadbeat borrowers, but the foreclosure filings are being delayed and masked by the government itself. Some of the current deadbeat borrowers will learn to expertly work the system…  In 2022, a San Ramon, California, couple who hadn’t made a mortgage payment since 2009 was finally evicted. Anita and Mahesh Khurana had put on a masterclass in the use of the courts to keep foreclosure at bay. The holdouts had lived in their home payment-free for 13 years. A state court finally ruled they had exhausted all appeals, and they were ejected. In...

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]]> https://appraisersblogs.com/is-a-horde-of-deadbeat-borrowers-again-walking-among-us/feed/ 9 31500 CFPB Crackdown: Unfair Practices Hurting Consumers https://appraisersblogs.com/cfpb-bureau-crackdown-unfair-practices-hurting-consumers/ https://appraisersblogs.com/cfpb-bureau-crackdown-unfair-practices-hurting-consumers/#comments Wed, 05 Jun 2024 12:30:07 +0000 https://appraisersblogs.com/?p=30912 Bureau is currently investigating various fees associated with obtaining a loan, with the goal of identifying any that may be particularly burdensome or concerning for borrowers. As we all know many AMCs are not paying Customary & Reasonable fee as required by TILA. They have consistently pushed down the pay of Appraisers while making undisclosed profit off consumers and prioritizing cheapest and fastest over quality and competency. The CFPB has been in communication with individuals behind the scenes and are concerned with what has been shown enough to include AMCs in their data collection process. Now is the time to...

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]]> https://appraisersblogs.com/cfpb-bureau-crackdown-unfair-practices-hurting-consumers/feed/ 25 30912 The One-Mile Rule: Prudent Policy or Modern Day Redlining? https://appraisersblogs.com/the-one-mile-rule-prudent-policy-or-modern-day-redlining/ https://appraisersblogs.com/the-one-mile-rule-prudent-policy-or-modern-day-redlining/#comments Thu, 18 Apr 2024 12:30:24 +0000 https://appraisersblogs.com/?p=30730 …whether through redlined maps or implicit “one-mile rule,” the result can be undervalued properties in historically marginalized neighborhoods.  Throughout the history of mortgage banking and lending in the United States, underwriting policies have significantly influenced the appraisal process for home purchases and refinances. Appraisers must follow underwriter appraisal review guidelines meticulously to ensure their appraisal reports are accepted by the lender. Unfortunately, in the past, these policies became the basis for redlining, wherein certain communities were systematically denied access to mortgage credit. In this article, we delve into the historical context of underwriting policies and their influence on the appraisal...

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]]> https://appraisersblogs.com/the-one-mile-rule-prudent-policy-or-modern-day-redlining/feed/ 8 30730 UWM Underwriters Subsidized by Appraisers https://appraisersblogs.com/united-wholesale-mortgage-underwriters-subsidized-by-appraisers/ https://appraisersblogs.com/united-wholesale-mortgage-underwriters-subsidized-by-appraisers/#comments Tue, 16 Apr 2024 12:30:47 +0000 https://appraisersblogs.com/?p=30709 The $29 fee also happens to nearly match the average hourly base salary of $29 for UWM underwriters.  United Wholesale Mortgage (UWM) began an aggressive campaign in September 2021 to recruit appraisers for their new Appraisal Direct system, which aimed to cut out appraisal management companies as middlemen. Through repeated emails, they urged appraisers – both current and former, alive or deceased – to partner directly with UWM through ANOW. Despite claims that this system would benefit appraisers by providing higher fees and faster payments, the reality did not match the hype. Fees offered by UWM through ANOW were well...

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]]> https://appraisersblogs.com/united-wholesale-mortgage-underwriters-subsidized-by-appraisers/feed/ 48 30709 Foreclosures in Black Communities Due to Overvaluation https://appraisersblogs.com/foreclosures-in-black-communities-due-to-overvaluation/ https://appraisersblogs.com/foreclosures-in-black-communities-due-to-overvaluation/#comments Thu, 11 Jan 2024 13:30:49 +0000 https://appraisersblogs.com/?p=30205 What were the results? Most had foreclosures. They bought a house worth much less than they paid for it and never planned or budgeted to make a mortgage payment in the first place.  About 2 years before the crash of ‘08, I ran across a company out of DC called “Metro Grapevine” and “Metro Dream Homes.” It was a Ponzi scheme marketed by a black to blacks only. It was by invitation only. They promised if you bought your home through their program, they’d pay it off in seven years and you never had to make a payment. The requirement...

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]]> https://appraisersblogs.com/foreclosures-in-black-communities-due-to-overvaluation/feed/ 13 30205 New Jersey Draconian Penalties on Appraisers https://appraisersblogs.com/new-jersey-draconian-penalties-on-appraisers/ https://appraisersblogs.com/new-jersey-draconian-penalties-on-appraisers/#comments Fri, 22 Dec 2023 13:30:57 +0000 https://appraisersblogs.com/?p=30119 “Well, I guess no one will be doing appraisals in New Jersey… or maybe the standard fee is going to be $10,000?” said one appraiser. The bill proposed by New Jersey Senate lawmakers to create steep penalties for real estate appraisers who undervalue homes because of the owner or buyer’s protected characteristics has been met with both praise and criticism. Supporters of the bill are lauding its potential to combat discrimination in housing transactions, while critics worry that it could lead to unintended consequences due to its disregard for appraisers’ motives. Violators would pay $10,000 on a first offense, $25,000...

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]]> https://appraisersblogs.com/new-jersey-draconian-penalties-on-appraisers/feed/ 40 30119 Seller Filed a Racial Bias Complaint Against Me https://appraisersblogs.com/seller-filed-a-racial-bias-complaint-against-me/ https://appraisersblogs.com/seller-filed-a-racial-bias-complaint-against-me/#comments Tue, 07 Nov 2023 13:30:08 +0000 https://appraisersblogs.com/?p=30075 So what’s caused the sudden loss of income? Could it be because of the racial bias complaint filed against me by an unhappy Seller…  Fannie Mae accomplished what they set out to do in July 2011, when they initiated their Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal. The goal was to collect enough property data to effectively remove appraisers from the home buying and refinancing process. It all started with Dodd-Frank Act, a several hundred pages Act signed into law by then President Obama, sold to unsuspecting Americans as a protection from the corrupt business practices of...

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]]> https://appraisersblogs.com/seller-filed-a-racial-bias-complaint-against-me/feed/ 47 30075 The New & Improved Fannie Mae “FRAUDULATOR 2.0” https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud#comments Mon, 15 May 2023 12:30:53 +0000 https://appraisersblogs.com/?p=29449 Originally known as Fannie Mae’s Collateral Underwriter (CU), and subsequently Collateral Underwriter 2.0 (CU-2)i this always dubious product of Fannie Mae is increasingly being referred to by some, if not many American Appraisers as The Fraudulator / Underwriter 2.0 (FU-2). To be clear it is not limited to the Collateral Underwriter (CU & CU-2) software. The new Fraudulator (FU-2) combines the CU products with their numerous improper uses. The end result of which includes OUTRIGHT FRAUD being perpetrated against banks via the repurchase letters Fannie Mae now issues on a quota based system rather than because of legitimate appraisal defects....

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]]> https://appraisersblogs.com/the-new-improved-fannie-mae-fraudulator-2-is-an-outright-fraud/feed/ 42 29449 Borrowers With Good Credit Scores to Foot the Bill for Higher Risk Borrowers https://appraisersblogs.com/borrowers-with-good-credit-scores-2-foot-the-bill-4-higher-risk-borrowers https://appraisersblogs.com/borrowers-with-good-credit-scores-2-foot-the-bill-4-higher-risk-borrowers#comments Fri, 21 Apr 2023 12:30:11 +0000 https://appraisersblogs.com/?p=29292 It is disheartening to think that those of us who have worked hard to maintain good credit scores will now be penalized with higher mortgage rates and fees, just so the government can subsidize people with riskier credit ratings. It’s no surprise that the Federal Housing Finance Agency’s (FHFA) new rule forcing homebuyers with good credit scores to pay higher mortgage rates and fees is causing a stir. The Federal Housing Finance Agency’s push for affordable housing is admirable, but it should not come at the expense of those with good credit scores who are trying to buy or refinance...

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]]> https://appraisersblogs.com/borrowers-with-good-credit-scores-2-foot-the-bill-4-higher-risk-borrowers/feed/ 24 29292 Canadian Banks Will Exploit Gutted U.S. Mortgage Underwriting https://appraisersblogs.com/canadian-banks-will-exploit-gutted-u-s-mortgage-underwriting https://appraisersblogs.com/canadian-banks-will-exploit-gutted-u-s-mortgage-underwriting#comments Thu, 13 Apr 2023 12:30:13 +0000 https://appraisersblogs.com/?p=29251 Canadian banks see the newly dismantled underwriting safeguards and risk-shedding experiments at Fannie and Freddie as a way to keep the party going, with the risk passed along to the U.S. taxpayer directly… Canada’s banks are in trouble. Their mortgage portfolios are filled with time-bombs called “fixed-payment” mortgages. Despite the name, the loans contain rate-hike triggers that are causing payment shocks for borrowers. High interest rates and falling home values mean borrowers north of the border aren’t able to refinance out of these toxic mortgages. Short sellers are even targeting one Canadian bank, Toronto-Dominion Bank, better known as TD Bank....

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]]> https://appraisersblogs.com/canadian-banks-will-exploit-gutted-u-s-mortgage-underwriting/feed/ 13 29251 We the People… https://appraisersblogs.com/we-the-people-need-2-protect-the-consumer-from-mortgage-lending https://appraisersblogs.com/we-the-people-need-2-protect-the-consumer-from-mortgage-lending#comments Sun, 09 Apr 2023 12:30:40 +0000 https://appraisersblogs.com/?p=29224 We the people need to redirect the mortgage lending direction… The time for every appraiser and consumer to step up is now. This country was founded on the principle of “We the people”. Please sign this petition and share it everywhere.  Appraisers have been the target for blame for everything gone wrong in the mortgage lending world. We were blamed for the Savings and Loan collapse, the financial crisis of 2008, and appraisal bias and racial discrimination. Appraisers have even been the target on loans gone bad after several years on payments. Yep, we have been the target and have...

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]]> https://appraisersblogs.com/we-the-people-need-2-protect-the-consumer-from-mortgage-lending/feed/ 26 29224 How U.S. Home Valuations Are Being Subverted https://appraisersblogs.com/how-u-s-home-valuations-are-being-subverted https://appraisersblogs.com/how-u-s-home-valuations-are-being-subverted#comments Wed, 22 Mar 2023 12:30:16 +0000 https://appraisersblogs.com/?p=29041 At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations.  Sometimes when the hair on the back of your neck stands up, there’s a reason for it. The nation’s $11 trillion mortgage market has been nationalized. This coup occurred in broad daylight and gradually. With Freddie and Fannie now in their second decade in federal conservatorship, the prospect that they will ever again be subjected to the watchful eye...

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]]> https://appraisersblogs.com/how-u-s-home-valuations-are-being-subverted/feed/ 21 29041 Bringing More People Into a Dying Profession! https://appraisersblogs.com/bringing-more-people-into-a-dying-profession https://appraisersblogs.com/bringing-more-people-into-a-dying-profession#comments Mon, 23 Jan 2023 13:30:13 +0000 https://appraisersblogs.com/?p=28307 Some people want to bring more people (primarily of color, which is great) into a dying profession. But the profession is being killed off by (mostly white!) people who think technology is the golden spoon to accurate valuations.  Appraisers, I’ve been studying, and writing about since 2006, all kind of issues surrounding our profession, and frankly some currently does not make sense. As many know, ‘we’ have been accused of not having “enough black people” in appraiser ranks. The claim is that blacks only represent 3% or so of the total population of appraisers. The people engaged in blaming appraisers...

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]]> https://appraisersblogs.com/bringing-more-people-into-a-dying-profession/feed/ 84 28307 Fannie’s ‘Equity’ Plan: The Drinking Game https://appraisersblogs.com/fannie-mae-equity-plan-the-drinking-game https://appraisersblogs.com/fannie-mae-equity-plan-the-drinking-game#comments Thu, 07 Jul 2022 12:30:07 +0000 https://appraisersblogs.com/?p=27346 What makes equity so invidious as a governing tenet is that it involves not just helping people of one racial or cultural group but it has the effect of knocking struggling members of disfavored groups out of the game. One type of parlor game relies on players’ ability to maintain their memory, logic and articulation – all while getting blotto. These alcohol-fueled “think and drink” games are highly challenging. Even Britain’s royal family engages in such diversions if Netflix’s “The Crown” is to be believed. The games have names like “Bizz Buzz,” “Ibble Dibble,” “Never Have I Ever” and “Roman...

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]]> https://appraisersblogs.com/fannie-mae-equity-plan-the-drinking-game/feed/ 32 27346 IAM AMC 24-Hour Fast Pay for Appraisers https://appraisersblogs.com/incenter-appraisal-management-2-pay-appraisers-within-1-day-of-completing-appraisal https://appraisersblogs.com/incenter-appraisal-management-2-pay-appraisers-within-1-day-of-completing-appraisal#comments Mon, 15 Feb 2021 13:30:23 +0000 https://appraisersblogs.com/?p=24940 Last week we received an email from an AMC PR company. The email stated that Incenter Appraisal Management (IAM) has implemented a new 24-hour fast pay model and is paying their appraisers within one day of completing the appraisal report. Has anyone heard of or done business with Incenter Appraisal Management? Do they pay C&R fees or do they blast orders to find fast and cheap appraisers? Do they have a scoring system, tech upload fees, background check fees, etc.? The email stated they do not bid or charge tech fees. Back in November, VaCAP published their email solicitation where...

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]]> https://appraisersblogs.com/incenter-appraisal-management-2-pay-appraisers-within-1-day-of-completing-appraisal/feed/ 59 24940 To Pay or Not To Pay, That is the Question https://appraisersblogs.com/should-appraisers-pay-2-b-on-amcs-approved-appraiser-list https://appraisersblogs.com/should-appraisers-pay-2-b-on-amcs-approved-appraiser-list#comments Fri, 21 Aug 2020 12:30:11 +0000 https://appraisersblogs.com/?p=24285 Should appraisers pay to be on an AMC’s approved appraiser list? Is this one way to get new clients? If an AMC solicited you, would you check it out? Now, I work for some AMCs that, frankly, you might not choose to work for. That’s fine. It’s a choice we all make. Understand that most of the areas I work are rural, so AMCs are generally willing to pay more because of this. Some AMC are very demanding. Yet, when I meet those demands, I get a lot of well-paying jobs from them. Recently, a new AMC asked me to...

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]]> https://appraisersblogs.com/should-appraisers-pay-2-b-on-amcs-approved-appraiser-list/feed/ 47 24285 Playing Fast and Loose With Credit? https://appraisersblogs.com/CFBP-2-eliminate-debt-2-income-requirement https://appraisersblogs.com/CFBP-2-eliminate-debt-2-income-requirement#comments Wed, 24 Jun 2020 12:30:59 +0000 https://appraisersblogs.com/?p=24094 CFPB is moving forward with proposing to eliminate the Debt to Income requirement… Appraisers, prepare yourself for what we are about to share. The short sighted proposal is simply nonsensical from every angle. The Consumer Financial Protection Bureau wants to eliminate the Debt to Income requirement on Qualified Mortgages. You may recall this was proposed a while back and most of the profession objected strongly. Letters, emails and phone calls were made and this absurdity went away. Earlier today CFPB Director, Kathy Kraninger announced the CFPB is moving forward with proposing to eliminate the Debt to Income (DTI) requirement and...

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]]> https://appraisersblogs.com/CFBP-2-eliminate-debt-2-income-requirement/feed/ 5 24094