Why not just add it onto your bid? $569 – $64 = $505 But anyhoo that’s why I said earlier we are are own worst enemies.

Sorry, United Wholesale Mortgage (UWM).

Considering UWM is the largest lender in the US where’ are Joe Biden’s handlers to address the junk fees being added to the appraisal? Sorry, if you charge the borrower such fees its junk, but if you charge the appraiser its just a Friday.

On a side note, considering UWM in part has an appraisal direct platform that is not an AMC, I would love to know what they pay other appraisers throughout the US.

In San Diego County (3 + million population) they pay $505 minus $64 staring the 15th of April. Considering San Diego is the most expensive city to live in the US they could careless if their fee is in line with the cost of living.

Seek the truth.

UMW?

Just today UWM and their appraisal direct system sent out a notice saying starting Mon that a new $29 lender QC fee will be charged on every full order. This is on top of a $16 platform fee, and a $19.30 processing fee. In total, the appraiser is on the hook for $64 and or locally 12% of the gross fee of $505.

Seek the truth.

This response isn’t good enough sorry.. The corrupt AMC business model and lack of disclosure to the borrower and lender of fees MUST be exposed and fixed.

What could they possibly do to make this a less profitable profession? Revoke everyone’s license that coordinated a fee strike? They would be doing everyone a huge favor if they took such action.

Like NAR? LOL! Nah, I’m gonna let the younger appraisers deal with that mess. I’m keeping my attention on retiring.

Appraisers should use every means to collude and break the backs of AMCs.

Same happened to me in 2023, but I had backup plans also. I have less than 2 years before I retire and believe me we can’t wait until that happens. Time to travel abroad. Not even paying attention to the emails talking about the new forms supposably coming out in 2025. Good Luck ya’ll !

I for one WILL NOT accept bull **it fees. Unfortunately, there are many that do in my area. Between high interest rates and low-ball appraisal bids, my company did 75% less business than normal in 2023. Luckly, the wife and I have six retirements between us, so appraising is not a necessity to survive.

While many organizations talk the talk, none walk the walk. AMC’s and Appraisal Fees have been an issue since Dodd-Frank became law some 14 year ago. Yet here we are. Appraisers continue to get screwed, and regulators continue to let it happen.

Why can law enforcement, health care workers, teachers, fast food workers, airline pilots, fire fighters, medical doctors, athletes, elected officials, movie stars, Et.al all talk about their income and fair pay……….yet when an appraiser or a REALTOR talks about compensation…….some !@# always yells “COLLUSION”?

Wake up.

Oh wow, you’re getting jipped. They offer me $75.00. All of their emails are now set to go directly to spam.

Fannie stated; ‘The hybrid programs will help appraisers earn more money!’ This comes from FHFA tying GSE executives compensation and bonuses to their ability to incrementally eliminate the full service appraiser from the process.

https://singlefamily.fanniemae.com/media/38446/display
Page 5. Code word; I do not think it means what they think it means. Intimidating appraisers works, and works well. An over 90% success rate so far.

What is a DF C&R compliant fee for a hybridized third and fourth party reliant work product which was never in existence prior to that rule? For a product which only exists within the amc space?
Missing the IVPI Proposal yet?
https://www.workingre.com/wp-content/uploads/2013/08/IVPI-Proposalfinal.pdf

San Diego families need an income of nearly $275,000 a year to afford a mortgage on a home, which is nearly double what it was before the pandemic, according to a new report from the real estate website Zillow. Mar 14, 2024.

Assuming a 40% cost to run your appraisal business, how many $55 dollar hybrid appraisals would one need to complete in San Diego before you could afford to buy a house? If you need $385,000 to net $275,000 how about 7,000 hybrid appraisals.

I think the appraiser coach used to claim he completes up to 8 full appraisals a day, but is anyone aware if he has a system to complete 19 hybrid assignments a day 7 days a week ($385,000).

Seek the truth.