Interestingly we came across a comment on Facebook about an appraiser who is fed up with appraising and has decided to go into lending. Oh, and the President can officially fire the CFPB Directory now according to the House Financial Services Committee.
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Sir. I would suggest you sit in the shoes of an appraiser for a couple weeks and see just what is going on. We are not trying to “lock out ” trainees. We would love to have them. Yet lenders and AMCS won’t allow a trainee to inspect a house without a supervisor present or at all. Financially it’s not a win for us. AMCS want to pay the least amount they can for an appraisal. They will charge the borrower $790 and pay the appraiser $350 for it. AMCS have ruined the industry and created a platform for them only to make money. Not all AMCS are bad and some pay well but the majority do not. There are obviously issues and laws you are not current on and I’d suggest you take the time to see what really is going on.
Hvcc does not exist anymore. Frank Dodd took its place.
Frank and Brian
I am appraiser dealing with the AMC issue on a regular basis. I am the President of the Utah Association of Appraisers and the Vice President of the National Association of Appraisers and sit on NAR’s Real Property Valuation Committee.
I would be love to visit about the AMC issue. Feel free to contact me if you are interested.
Love the videos, watch the most days. Keep up the good work
Craig