Reaction to the Home Valuation Code of Conduct (HVCC) and appraiser management companies (AMC) can be summarized as follows, according to the Appraiser Talkback Blog and Survey:
Appraiser selection by AMCs is mostly based on the lowest bid and not on quality or competency, and the fees, generally, are not adequate to keep many appraisers in…
Read More
FHA, Fannie/Freddie Tell it Like it Is (to them) by David Brauner, Editor The appraiser Valuation 2009 conference in New Orleans in November offered unprecedented access to key regulators, AMCs and other decision makers regarding the future of the appraisal industry- that’s the good news. The bad news is that you may not like what…
Read More
The anxiety of working with the new crop of appraiser management companies (AMCs) springing up since HVCC, expressed here by a long-timer reader, underscores why so many states have passed or are considering legislation to regulate AMCs. Appraisers need to know who they are dealing with and so does the public.
“One AMC I am dealing…
Read More
Appraisers are finally being heard.
As a result of grass roots complaints by appraisers about diminishing appraisal quality in industry blogs, publications, the general media, and in a formal appeal by a coalition of appraisal organizations, the Federal Housing Administration (FHA) announced several important policy changes intended to increase accountability and due diligence in the appraisal…
Read More
If you’re struggling to survive post HVCC; if you’re angry at having control of your business taken from you; if you’re having trouble getting orders from AMCs even though you’re trying; if you can’t make a living working for reduced fees; if your experience is that AMCs hire based on the lowest fee rather than…
Read More
Appraiser Tony Bamert, Bamert & Associates, Champaign, IL, feels he’s been asked to assume some new and unwanted responsibilities on recent appraisal orders and wonders if his are isolated concerns or issues other appraisers are grappling with as well.
“Traditionally, with any conventional appraisal, I’m not asked to touch the mechanical systems in a home in…
Read More
FHA appraiser William R. Pruett, SRA has a problem that we're sure you can relate to.
Pruett, appraising 12 years, five in West Des Moines, Iowa, knows what a "customary and reasonable" fee is for an FHA 1040 in his market and so does everyone else, he says, except the large national bank and its in-house…
Read More
Given the fierce efforts to keep HVCC alive, it makes you wonder if AMC interests know something the rest of us don’t.
As federal legislation that would end the Home Valuation Code of Conduct (HVCC) moves closer to reality, appraisal management company (AMC) interests are blitzing the media with their message that overturning HVCC means a…
Read More
Editor’s Note: This story is reprinted for Working RE Online, Home Inspector’s Edition. To opt-in please email subscription@workingre.com with “Home Inspector’s Online Edition” in the subject. Inspectors-Appraisers: Line Blurring? by David Brauner, Editor In a recent Working RE story, Appraiser: I’m No Home Inspector (WorkingRE.com, Library, Issue 24), appraiser Tony Bamert says he is asked…
Read More
Having good relationships with a handful of appraisal management companies (AMCs) that are great to work for- they pay fairly and on time, don’t pressure for turn times or value- is only part of Montero’s secret to success (find AMC list below).
First, here’s how Montero is different from most appraisers, according to the HVCC Talkback…
Read More
