However you feel about the wisdom or the right of your fellow
appraisers to work for as much or as little as they choose, the
lowest bidder is certainly not the intent of customary and
reasonable. I urge you to lobby FHA, Congress and other
regulators, who have called for fair pay for appraisers in the
public interest, to step up to enforce the intent of the
customary and reasonable, if they are serious that the public
good requires valuations by trained and licensed professionals.
1. You have been appraising:
Less than 5 years, 5 - 10 years, 11 - 20 years, 20 - 30 years, 31 or more years
2. You work with appraisal management companies (AMCs):
Always/often, Sometimes, Hardly ever/never
3. You have found a sufficient number of AMCs you are comfortable
working with and have adjusted to life after HVCC:
Agree, Disagree, HVCC did not affect my business, Not sure/don't
know
4. You do non-lender, non-AMC work:
Always/often, Sometimes, Hardly ever/never
5. You are interested in doing "Appraiser Price Opinions," as long
as fees are adequate and they are USPAP compliant:
Agree, Disagree, APO fees are not adequate, APOs are not USPAP
compliant, Unsure/don't know
6. You refuse work from AMCs when fees are too low, given the scope
of the assignment:
Always/often, Sometimes, Hardly ever/never, Fees are typically
commensurate for the assignment, Unsure/don't know
7. You accept work from AMCs even when fees are too low, given the
scope of the assignment:
Always/often, Sometimes, Hardly ever/never, Fees are typically
commensurate for the assignment, Unsure/don't know
8. You consider having sufficient turn-around time for your
assignments to be an important factor in returning competent
appraisal work:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know
9. You decline assignments from AMCs due to turn-around time
requirements that are unreasonable:
Always/often, Sometimes, Hardly ever/never, AMC turn around
requirements are typically reasonable.
10. You accept assignments from AMCs with unreasonable turn-around
time requirements and take the extra
time required to do competent appraisal work anyway:
Always/often, Sometimes, Hardly ever/never, Turn around
requirements are typically reasonable, Unsure/don't know
11. Appraisal quality suffers on AMC assignments you complete due to
inadequate turn-around time:
Always/often, Sometimes, Hardly ever/never, Don't accept assignments
with inadequate turn times, Turn around requirements are typically
reasonable
12. Since HVCC, you've seen appraisal quality in general:
Improve, Worsen, Stay about the same, Unsure/don't know
13. Since HVCC, you've seen the cost of appraisal services paid by
consumers:
Increase, Decrease, Stay the same, Unsure/don't know
14. Since HVCC, your appraisal-related income has:
Increased, Decreased, Stayed about the same, Unsure/don't know
15. You believe the decline in your appraisal income is mostly
attributable to HVCC:
Agree, Disagree, Unsure/don't know, No decline in income
16. You are in favor of terminating HVCC:
Agree, Disagree, Unsure/don't know
17. You are in favor of AMC regulation:
Agree, Disagree, Unsure/don't know
18. You believe AMCs can regulate themselves:
Agree, Disagree, Unsure/don't know
19. You believe accurate and professionally prepared appraisals are
vital to the health of the real estate industry/U.S. economy/home
buyers/tax payers:
Agree, Disagree, Unsure/don't know
20. You believe that lenders believe that an accurate and
professionally prepared appraisal is vital:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know
21. You believe that AMC fees should be paid by the lender or other
entity that chooses to use AMC services, rather than taken from
appraisal fees:
Agree, Disagree, Unsure/don't know
22. You believe refusing to work for unrealistically low appraisal
fees could be an effective strategy for raising fees back up to pre-HVCC
levels:
Agree, Disagree, Unsure/don't know, Appraisal fees are not lower
since HVCC
23. You believe a national appraisal "boycott" could be an effective
strategy for calling attention to and changing current industry
conditions that you consider unfavorable to appraisers:
Agree, Disagree, Unsure/don't know, Current industry conditions are
not unfavorable
24. You would join and contribute financially to an appraisal "trade
group" to advocate for appraiser interests:
Agree, Disagree, Unsure/don't know
25. You have trouble getting paid by AMCs:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
accept AMC work
26. AMC staff are generally competent:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
accept AMC work
27. It appears that AMC staff you interact with are located
offshore:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
accept AMC work
28. You feel pressure from AMCs "to make a deal work":
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
accept AMC work
29. Since HVCC, your appraisal fees when working with AMCs have:
Increased, Decreased, Stayed about the same, Unsure/don't know,
Don't accept AMC work
30. Low fees are the main criteria for your receiving appraisal
assignments from AMCs:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
apply for AMC work
31. AMCs consider your qualifications and/or the quality of your
work product when choosing you for an assignment:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
apply for AMC work
32. You believe that in your market most appraisers/lenders and
other interested parties know (about) what a "customary and
reasonable fee" (CRF) is for a particular assignment:
Agree, Disagree, Unsure/don't know
33. You are receiving what you consider to be CRFs from AMCs for
appraisal assignments:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
accept AMC work
34. You believe that delivering a consistently reliable appraisal
product is dependent on being compensated for CRFs:
Agree, Disagree, Unsure/don't know
35. Since new FHA guidelines requiring appraisers be paid CRF, you
have requested and received CRFs on FHA assignments:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
do FHA assignments
36. Since new FHA guidelines requiring appraisers be paid CRFs, you
have requested CRFs and have not received them or lost assignments:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
do FHA assignments
37. Things have improved for you since HVCC was implemented:
Agree, Disagree, Unsure/don't know
38. Things have improved for consumers since HVCC was implemented:
Agree, Disagree, Unsure/don't know
39. Things have improved for the appraisal profession since HVCC was
implemented:
Agree, Disagree, Unsure/don't know
40. Things have improved for lenders/AMCs since HVCC was
implemented:
Agree, Disagree, Unsure/don't know
41. You believe no one is effectively advocating for appraiser
interests:
Agree, Disagree, Unsure/don't know
42. Mortgage brokers should be licensed and regulated like
appraisers:
Agree, Disagree, Unsure/don't know
43. Mortgage brokers should be allowed to order appraisals directly
if licensed and regulated:
Agree, Disagree, Unsure/don't know
44. You are experiencing less pressure today to alter your appraisal
reports, for any reason, than you did before HVCC was implemented:
Agree, Disagree, Unsure/don't know
45. Your appraisal reports are more accurate, complete and free of
outside influence today than before HVCC:
Agree, Disagree, Unsure/don't know
46. You have been "dropped" from an AMC roster for not meeting
conditions placed on you that you felt were not in the best
interests of an accurate appraisal:
Always/often, Sometimes, Hardly ever/never, Unsure/don't know, Don't
work with AMCs
47. You are in favor of VA-style appraisal panels for all
conventional and FHA mortgage lending assignments:
Agree, Disagree, Unsure/don't know
48. You believe the banking regulators have been doing an acceptable
job in enforcing existing banking regulations that pertain to the
use of appraisals at the direct lenders:
Agree, Disagree, Unsure/don't know
49. You believe that some of the misconduct that occurs in the
engagement and use of appraisals would decline if the government
regulators did a better job at enforcing existing regulations:
Agree, Disagree, Unsure/don't know
50. E&O Insurance:
You purchase
your E&O insurance from OREP/David Brauner Insurance Services,
You purchase your E&O insurance
from someone other than OREP, You don't purchase your own E&O
but are covered under someone else's policy, You are not covered
under any policy, You are covered but would rather not say where
51. Please offer any questions we missed or comments you'd like to
make.
