Comments on: Major Appraisal Changes in 2009! http://lenderama.com/2008/03/22/major-appraisal-changes-in-2009/ The Original Mortgage Blog. Providing the Mortgage Industry with News and Information Since 2005. Fri, 19 Mar 2010 20:00:23 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Walker Terry http://lenderama.com/2008/03/22/major-appraisal-changes-in-2009/comment-page-1/#comment-1969 Walker Terry Fri, 20 Mar 2009 19:44:18 +0000 http://blog.mariah.com/2008/03/major-appraisal-changes-in-2009/#comment-1969 The AMCs are dictating what they will pay for an appraisal. I had an AMC yesterday want me to do a a New Construction Appraisal on a $3 million home for $175. If I decline they put me at the bottom of the list and stop sending me work. It is the same with other groups as well. How is the appraisal industry supposed to grow when you can barley feed yourself. What is going to happen to the registered appraisers that have to get there hours under a supervisor. No supervisor can afford to pay an apprentice with only $175 to split per appraisal. The business will go away after awhile if something doesnt change. A minimum fee should be set in place atleast. We are professionals who have worked hard to get to where we are and now that we are on top we would be better of working a low level call center job that would pay and have benefits (just as an example). The AMCs are dictating what they will pay for an appraisal. I had an AMC yesterday want me to do a a New Construction Appraisal on a $3 million home for $175. If I decline they put me at the bottom of the list and stop sending me work. It is the same with other groups as well. How is the appraisal industry supposed to grow when you can barley feed yourself. What is going to happen to the registered appraisers that have to get there hours under a supervisor. No supervisor can afford to pay an apprentice with only $175 to split per appraisal. The business will go away after awhile if something doesnt change. A minimum fee should be set in place atleast. We are professionals who have worked hard to get to where we are and now that we are on top we would be better of working a low level call center job that would pay and have benefits (just as an example).

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