Success Collecting Appraisal Management Company Debt from Lender
Republished with permission from:
By David Brauner, Editor
WorkingRE.com
One appraisal company at least has collected monies owed by the now defunct appraisal management company (AMC) AppraiserLoft. How did they do it? They did it by citing chapter and verse of FIRREA.
…continue reading the rest of this post: Collecting Appraisal Management Company Debt from Lenders
posted in Appraisal Management Companies, Appraiser News | 2 Comments
Coester seeking Certified, FHA Approved Real Estate Appraisers
Maryland, Virigina, North Carolinia, Colorado, District of Coloumbia
Coester Appraisal Group is currently looking to expand its staff appraiser network in the states listed above.
Description:
We are currently seeking experienced, qualified Staff Appraisers to perform single family residential, condo and 2-4 unit appraisals. In this role, you will be a full-time employee of Coester Appraisal Group. You will work remotely, performing appraisals in your local market area.
posted in Appraisal Management Companies | 0 Comments
Valued Veterans seeking appraisers
Valued Veterans appraisal business is exploding across the USA and we are currently adding appraisers to our elite panel. My name is Andrew Belt, President and CEO, and I’m proud to tell you that I’m a United States military veteran of the Iraq War. Our mission is to provide “Best-in-Class” service to the valuation industry based on the founding values of our military; SERVICE, LOYALTY, HONESTY and INTEGRITY. If you are career driven, aspire to be financially successful, provide quality appraisal products, and outstanding customer service, this is truly a once in a lifetime opportunity.
…continue reading the rest of this post: Valued Veterans seeking Appraisers
posted in Appraiser News | 1 Comment
Appraiser Webinar
I just wanted to let everyone know I will be presenting a 2 part webinar series for WorkingRE.com/OREP on Maximizing AMC orders and Income.
It is going to start on Tuesday, so you might want to check in to it before it fills up. We are only going to allow access to the first 100 people that sign up.
Thanks!
Bryan Knowlton
Webinar: Maximize AMC Orders and Income
We know not all appraisers choose to work with AMCs, but if you do, this webinar offers techniques and information to help you maximize your orders and income.
posted in Appraisal Management Companies, Appraiser News | 0 Comments
Making AMCs Pay Up
By David Brauner, Editor
(reprinted with permission from WorkingRE.com)
To most appraisers this story is familiar: “I have been working with an AMC who shall remain nameless,” says Vrej Avedissian. “Having accepted a few assignments from them and dealing with their constant emails and phone calls regarding the status of each report, which borders on harassment, when it comes time to pay, it is a very different story. My contract with them states 30 days net but it has taken me in excess of 60 days to receive payments for my work. Is there a governing body or watchdog where an appraiser like me can file a complaint regarding late payment or non-payment?”
In certain states, a civil action may be all that someone in a scenario like Avedissian can pursue, unless the delay in payment can be tied to coercion under a state’s appraisal independence law or in states where appraiser management company (AMC) regulation demands prompt payment for appraisers. In states where AMC regulation has been enacted and where “prompt payment” language made it into the final bill, appraisers do have recourse. As of this writing the states with “prompt pay” provisions in their AMC law include: AZ, CT, MD, MO, MT, NM, OK, OR, TN, MS.
…continue reading the rest of this post: Making Appriasal Management Companies Pay
posted in Appraisal Management Companies | 0 Comments
ASHINGTON, Nov. 7, 2011 /PRNewswire-USNewswire/ — The American Guild of Appraisers (AGA), a national organization of real estate appraisers that is an affiliate of the AFL-CIO’s Office and Professional Employees International Union (OPEIU), announced today it has retained a law firm as part of a broad-reaching effort to overturn recent federal regulations that dramatically cut the fees that appraisers are paid to perform appraisals, and threaten the viability of professional appraisal practice and the reliability of appraisals used in real estate transactions.
…continue reading the rest of this post: American Guild of Appraisers takes on the Federal Reserve
posted in Dodd-Frank C&R Topics | 1 Comment
Rels, a joint venture of CoreLogic, is seeking a Quality Assurance Manager in its Bloomington, Minnesota office. To apply, please visit our career site at https://www.hrapply.com/corelogic/Setup.app.
Description of Responsibilities:
…continue reading the rest of this post: RELS/Corelogic is seeking a quality assurance manager
posted in Appraiser News | 0 Comments
Hopefully you were not one of the thousands of appraisers stuck with unpaid invoices from AppraiserLoft after they unexpectedly closed their doors without any notice or explanation.
According to HousingWire, some feel that appraisers should go after the lender to recoup appraisal fees that might have already been paid out to AppraiserLoft.
I know on my message board we have come up with a few ideas from going after the homeowner who will in turn pressure their mortgage brokers and lenders. Others have suggested going after the bond issued in the state the AMC was required to provide appraisal management services.
After receiving numerous calls for help from fellow appraisers, I have posted a few different articles on my blog about this issue. If you need assistance, please read the posts as well as the comments from other appraisers stuck in this situation.
Hopefully we can work together to get this resolved and appraisal invoices paid.
Good luck out there! Make sure to listen to my recent podcasts as well!
Bryan Knowlton
http://www.appraiserincome.com
posted in Appraiser News | 17 Comments
In this episode I talk a little about how busy I have been doing appraisals. It really seems to be out of control right now in San Diego with the majority of work for refinance work.
I am also doing quite a bit of estate work that I get off of my appraiser website. I believe some tax laws have recently changed so I have been doing quite a bit of multi-property estate appraisals as well as some very high end properties.
I also mention the new product that I recently created about getting more work and more money from appraisal management companies.
The biggest tip I have here is that you should counter offer ALL appraisals that you do not feel you are getting enough to complete. I have found that I am making much more money and doing far less work on appraisals that might have paid less in the past.
Please give it a try, I am sure you will be happy with your results as long as you are working with a number of appraisal management companies.
You can get more information on the new product here – Maximizing AMC Orders and Income
Hope you enjoy the show!
Bryan
Please subscribe to show in iTunes: itpc://itunes.apple.com/us/podcast/your-boss-blows/id411128864
Rate and Review in iTunes: https://buy.itunes.apple.com/WebObjects/MZFinance.woa/wa/addUserReview?id=411128864&type=Podcast
Podcast: Play in new window | Download
posted in Podcasts, The Busy Appraiser Podcast | 0 Comments
On Friday employees were notified the company was out of business and insolvent.
They were told they would be paid later. [CEO] Aman [Makkar] told them at lunch they will get paid next week, and they won’t
Appraiser Loft has been known by appraisers for a long time now as not being expediant when paying their invoices. I have had numerous appraisers call and ask me how they should go about collecting appraisal fees from Appraiser Loft.
…continue reading the rest of this post: Appraiser Loft closes its doors – FINALLY!
posted in Appraisal Management Companies, Dodd-Frank C&R Topics | 35 Comments
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