background checks Blog Posts

Tuesday, April 15, 2014

Thinning wallets and dwindling fees for work performed are nothing new for the appraisal community. Yet in their latest income-reducing move, AMCs have sparked an outcry by requiring appraisers to foot the bill for additional services. These charges are further cutting into appraisers’ fees, which already suffer from AMC management fee deductions.

Recently, FREA uncovered two hidden costs being introduced by AMCs – which of these have you experienced?

 

Technology Usage

An increasing tendency among AMCs is the passing of technology fees on to appraisers. When an AMC orders a home valuation, the appraiser must submit the report through the AMC's authorized software. However,...

Tuesday, December 17, 2013
Does this sound familiar? If so, I hope it’s because you watch a lot of shows like Law & Oder on television and not for any other reason. If this doesn’t sound familiar, it is one part of the Miranda warning police must give to criminal suspects before questioning them. How does that apply to you? Well, it can have equally negative consequences in a civil case (insurance claim) also. 
 
To see if you need to read any further, take this short quiz. If you answer “yes” to any one of these questions, you’d better read it all. 
     1....
Monday, November 11, 2013

“I was just asked by an AMC to get a background check. Do I have to comply?”

As risk management advisors for Appraisers and Inspectors, this is one of the questions we hear over and over again.

Let’s face it -- appraisal fees are lower than ever before. Essentially, AMCs are asking you to do the same amount of work for less pay. In some cases, they’re even asking you to do more work....