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More quotes about AMCs
August 26th, 2011 12:45 PM
"Imagine needing a medical doctor and having to go through an intermediary who will decide which doctor you may visit, and that doctor is chosen primarily on his fee charged, not expertise."

"Consumers are paying more for residential appraisals. The appraisers who are doing the work are receiving a fraction of what they once earned. Unfortunately this structure has chased away many good appraisers who are unwilling to do more work for much less money."

"I currently have a client who paid $500 for a single-family residential appraisal. Prior to HVCC this report would have cost my client $350. Then they were forced by the lender who also owns the AMC, to spend an additional $240 on a field review of that very report, done by an appraiser also chosen by the same AMC. The field review confirmed the exact dollar value of the first report."

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Posted by Stephen Rochkind, SRA on August 26th, 2011 12:45 PMPost a Comment

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