Wow SB, great link, another fee schedule.

I was like, check this one out and search for direct panel application and such.

And, looks like they use amc’s. Another example of rising consumer costs and what is surely to be decreasing appraisal payments. This is an interesting example of how lenders use amc services and Mercury systems help them do that.

https://www.plazahomemortgage.com/documents/miscforms/how%20to%20order%20an%20appraisal.pdf

I printed that, will make a file, and set on my solicitation clip board. Same old deal though, I’ll write, call, make notes, and follow up. They’ll tell me to contact this or that amc, I’ll tell them I do not work for amc’s but please keep my contact data because I’m available if they choose to simply use the Mercury or another system directly without forcing me to share the fee with an amc.

At what point does the intention of regulatory rules not even matter because nobody looks. Apparently sometime when Mercury decided to actively advocate for an increased amc presence in their system. I did not memorize the loan production rules but come on, that’s not separation from loan production. Mercury is apparently double dipping which finally explains the motivation. They charge the lender to send to an amc, then they get another charge for the same order when an amc distributes it down the line to another appraiser.

More industry insights which merely validate what we already knew was happening.

Teresa,

What state are you in?I would start with your state coalition or local chapter of a national appraisal organization.They should be able to guide you.

Appraisers are the best resources for other appraisers. Why would you want to short change yourself?

Thank you so much for your help. I am unemployed and interested in the appraisal field. Just asking, do you know where I should start?

Check out these NO RHYME/NO REASON appraisal fees

https://cdn2.hubspot.net/hubfs/5238866/Plaza%20Standard%20Appraisal%20Fee%20Schedule%20120219.pdf

Why does Wisconsin have the lowest fees in the nation??? or why does Kauai Hawaii have the highest fees in the nation???

None of this makes any remote sense to me.

You’re still learning more than any online class, even if you have those odd ball situations to discuss.

Well I can not disagree, but the benefits still far out weigh the negative.

The main source of my frustration with live classes is the one appraiser that has to bring up and argue about the most arcane example of a problem they had. It is always about some extremely rare circumstance that will probably never happen again but they have to harp on and on about it taking up the whole class.

Thanks for listening…

Now, get that onto a legitimate website because not everyone participates in facebook and that should not be a requirement to participate and communicate. There should be a legitimate website with clearly organized contact and activity information, clearly stated mantras and goals.