I run all my checks UAD Check, spell check and finally a my own check with my glasses on this time., but I will miss something here or there. I am not assuming that the AMC’s are my QC. I will tend to go back through a few appraisals, and notice, how the heck did this get past our AMC, and underwriting??? I read through some of these AMC”s guidelines and it states they review the reports, I don’t buy it at all, I’ve noticed my worst report if it hits the value goes through, but my best report if it doesn’t hit the sales price, is all of the sudden the worst report they have ever seen.
Thank you for your input. Greatly appreciated.

I agree, and that’s why I’m astonished that some appraisers say they can churn out reviews on other appraisers work in as little at 30 minutes. Heck with that kind of speed, one could probably complete 4 to 9 appraisals a day. One is always liable for THEIR work, even if virtual assistants assist them from around the world.

Seek the truth.

If I am understanding your post correctly, you are assuming the AMC is YOUR quality control. That is a very dangerous assumption and simply inaccurate. The person or people signing the report are 100% responsible for every word in that report. No one else can or will ever be responsible for the content and quality of an appraisal report. Even when the amc or lender asks for a revision, the signing appraisers are responsible for that revision.

It is always good practice to run the software E&0 check, spell check, and then actually read the report yourself. There are always things that need correcting or changed. I personally like to let the report sit overnight before reading it. I find I actually catch more errors that way. When that is not possible, let it sit a while then read/ proof it.

Ralph, Appraising is not just about lender work. Divorce, estates, insurance, pre-sale, cash buyers, family divisions, timber, agricultural values, etc., are all good avenues for this profession. There is also consulting and personal property opportunities. Lender work is the least profitable and the least satisfying in my opinion.

No that’s a false perception. The borrower base is national in potential. They have open options throughout the internet. Many lenders do not use amc’s, and some borrowers do land with them throughout the country. Sometimes it’s just random.

Cherry picking is nothing to be proud of. Sorry charlie, the amc does influence appraisal results. You know as well as I do, if you upset them, you lose all the lenders they work with, not just one. Independence; denied.

Must know more details regarding not allowing to upload due to below contract. Excellent, popcorn.

The above story…

RESO: Open up the American real estate markets to the entire world, and force Americans to change their own traditional definitions of real estate in the process. What could go wrong? How convenient, Black Knight taking over Corelogic right as that happens.
https://dsnews.com/news/01-08-2018/global-dms-integrates-platform-black-knights-technology
https://www.globaldms.com/etrac
https://web.archive.org/web/20210306011500/https://www.globaldms.com/blog/etrac-proxypics-allows-lenders-amcs-to-complete-inspections-remotely-provides-free-access-for-all-appraisers
https://nationalmortgageprofessional.com/news/74822/global-integration-allows-remote-real-estate-appraisals

The American appraiser is going to be replaced with cheap foreign labor who won’t even need to be in this country. The ‘crisis’ will one day be over. The allowances will be permanent.

Around here, AMCs were highly successful getting lenders to sign-up for their “free” order system. We either work for or appraising provides part-time income. Matter-of-fact in research & peer communication, there is not one appraisal company “around here” that I am aware of that doesn’t “have-to” have AMC business.

The AMCs I DO service pay almost what & at times “above” what otherwise a FAIR FEE would be.

If ever, rarely & never accept complex assignments as the set-Fee doesn’t change for time-related complexities.

So, I try to work smarter not harder = Fee/time related.

Clients that I have had for decades went to the AMC ordering system & I have retained quite a few. I will not allow an AMC to influence USPAP compliance = BYE or NO.

So Congrats’ to YOU & the area you reside in !!!

Big changes coming. The Appraisal Plantation is about to get new owners.

Yes Ronny, I’ve quoted the press release from a few years back (A la mode / spinning of the Mercury Network) many times before, but it bears repeating. At the time of sale, A la mode indicated they did 20,000 transaction A DAY. Apply any matrix you want ($13 / $20), but long story short, the theft from the appraiser is in the hundreds of millions or more.

Seek the truth.

Meaning, that after you burn through your direct lender clients, civil use work, etc. (C&R pay), there is a conscious decision to build out your business by way of outsourcing the appraisal process (Philippines anybody), and by doing AMC work on a high volume scale to offset the lower pay. In other words, based on this business choice (high AMC volume), these companies are a bigger threat to the industry (do more harm), compared to the individuals who are just trying to survive.

Again, no need to judge others / individuals who in the short term may do AMC work to feed their families, but in my opinion, those who move past AMC”s only to come back to further line their pockets, have done and continue to do harm to the profession.

Seek the truth.

Like Nancy used to say “Just Say No”.