Appraiser Kim L. Herzfeldt is mad as hell at being stiffed by AppraiserLoft and by the lender’s refusal to redress the loss. His course of action offers hope and possible precedence for every appraiser who is owed money by an Appraisal Management Company (AMC).
“It felt like your best friend stealing your daughter’s college fund,” says…
Read More
Wells Fargo Paying JVI Bad Debt By Isaac Peck, Associate Editor Appraisers getting stiffed by appraisal management companies (AMCs), that either declare bankruptcy or simply fail to pay, remains a hot-button issue for the industry. As many appraisers are reporting on OREP/Working RE’s AMC Rater blog, JVI Solutions is the latest AMC to leave appraisers…
Read More
Editor’s Note: Andy Anderson looks around and ahead toward fixing a now broken appraisal profession. Customary and Reasonable Assignments By Andy Anderson The appraisal profession was not broken. Just like other professions, there were (and are) some bad actors, but appraising was not broken and should have been allowed to do its job correctly. That is not…
Read More
Staff from the Federal Reserve Board recently requested survey results from the OREP.org/Working RE Customary and Reasonable Fee Survey, with over 16,500 appraisers participating. Why? Because customary and reasonable fees and other issues related to the Dodd-Frank Financial Reform Legislation are not settled, according to the Federal Reserve, who is tasked with implementing the law-…
Read More
Editor’s Note: Some appraisers are being paid full fees for their appraisal work, even though the orders are coming from AMCs. Here’s how it works. First published in Working RE print, Volume 31. Fee Solution – Cost-Plus AMC Model? by Isaac Peck, Associate Editor Some appraisers are being paid full fees for their appraisal work,...…
Read More
If you work with Appraisal Management Companies (AMCs) or are willing to keep an open mind about it, here are several key points on how to find the best companies to work for and how to make more money with less struggle, according to one appraiser who is doing just that.
Read More
Editor’s Note: Fast becoming one the profession’s most pressing problems, another AMCs has failed; this time leaving individual agents/brokers owed thousands or tens of thousands of dollars. How the lender and regulators respond may create important precedence for the industry. AMC Fails: Appraisers and Agents Stiffed Again By Isaac Peck Evaluation Services/ES Appraisal Services is…
Read More
Editor’s Note: One appraiser with considerable experience as an “ordering agent” for lenders- a kind of AMC, has practical advice for fellow appraisers on the effective use the “conditional decline” to get more high-paying orders.
Read More
Editor’s Note: You’d be amazed all you don’t know regarding your rights as an appraiser. The following was gleaned from the webinar series: How to Limit Liability, Maintain Independence, and Fight Influence by Richard Hagar, SRA. How Well Do You Know Your Rights? By David Brauner, Editor Here are some questions for you- the answers...…
Read More
Editor’s Note: These common errors to avoid are time-saving tips excerpted from the webinar Maximizing AMC Orders and Income presented by appraiser Bryan Knowlton and offered through OREP/Working RE Webinar Series.
Read More
