Appraisers Not to Disclose AMC Fee?
An appraiser/reader sends me this text from an XOME appraisal request:
Good Morning, The state of NY requires the appraiser to include their invoice in the report. AMC fee does not need disclosed. Please include an invoice in your report when uploading. Thank you”
This is technically accurate. Here is an excerpt from the NYS AMC Law:
Why would XOME go out of its way to tell their appraisers not to disclose the AMC portion of the fee the applicant paid? This is not a regulatory requirement that I am aware of. My firm includes our invoice at the top of the pdf and the pdf is locked (we don’t work with the XOME platform).
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