appraisal management companies: Would you like to be an appraiser? - 11/01/12 01:37 AM
I am not sure if this means better days are ahead for appraisers.  A recent article on the AppraisalScoop.com website entitled "AMCs: Prepare for Appraisal System to Change, Fees to Rise" (http://bit.ly/U0Q88C ) highlighted the changes coming to the appraisal industry.
I was asked the other day by someone working at a home I was appraising, "How can I get into the appraisal business?" I told her, you'd make more money WITHOUT an appraiser's license since you won't be bound to the same liability I am! Get a sales license with a broker, and work in other areas of the industry (sales, management, … (2 comments)

appraisal management companies: Florida Realtors Appraisal Council Update - 04/10/12 12:02 AM
I received this email today with some very interesting topics!  Particularly, the need for reviews of appraisals made in Florida, to be performed by Florida licensed/certified appraisers.  
That is VERY good news for our industry here!   What are your opinions?  Should those reviewing appraisals made in Florida be certified or licensed in Florida?  Or does it matter?
______________________________________________________  
Good morning Appraisers!
 
The Florida Real Estate Appraisal Board held their regular meeting in Orlando April 2 and 3, 2012. This was the first meeting for newly appointed Certified Residential member Matthew Simmons. Matt is a REALTOR® and the Residential … (6 comments)

appraisal management companies: Appraisal Fees 'Reasonable' ? - 06/01/11 03:00 AM
I read an interesting blog article today (http://bit.ly/mMlEUq) which talked about the impact of the Dodd-Frank act.  
One paragraph which stood out to me was : There is an implied pressure on any provider (in any industry) whenever that field is dominated by so few players. Witness the LSI's and CoreLogic's Valuation Services of the world choosing to maintain their pricing model to appraisers in the face of Dodd-Frank's bright line. They operate on the 'law of large numbers'. The amount of money they can make in the time it takes any regulatory agency to find them at fault will … (6 comments)

appraisal management companies: Client files bankruptcy - and I get PILES of mail! - 12/13/10 07:10 AM
A couple of years ago, a prominent lender here in Florida filed bankruptcy and owed me for ONE appraisal fee.   Needless to say, I did not collect that fee, and basically just chalked it up to a loss.  I was certain the homeowner for whom I had performed the appraisal, was far more inconvenienced than my $350 – so I did not pursue them either for payment.  I just filed it under bad client debt. Yet here I am two years later, getting letter after letter in the mail for every move this bankruptcy case makes!  Today, I got a full … (4 comments)

appraisal management companies: How do you challenge an FHA Appraisal? - 10/13/10 08:52 AM
I was asked today by a friend and local Realtor, how she could go about challenging a recent appraisal which was flawed.
This was an FHA appraisal which was valued about $14,000 less than sale price.  
Now I have no problem telling someone that the value just isn't there.  But there are other things to consider as well.   Was the appraisal properly developed?  Did the appraiser have "geographic competence" for that market area?  Did the appraisal truly reflect comparable sales and listings - or just the most recent ones?
The last one is a common issue.  I have performed many appraisal … (6 comments)

appraisal management companies: Coester Appraisal Group Survey - We all need a little appreciation now and then - 03/08/10 10:16 PM
Coester Appraisal Group released its annual survey of appraisers - almost 1,600 of them!  These appraisers commented on their experience with AMCs - Appraisal Management Companies.
You can find a copy of the survey HERE.
I found one portion particularly interesting.  We all know about lower fees, higher turn time expectations, etc.
One category appraisers commented on was their feelings with regards to being 'picked' for the assignments:

I find this most interesting, revealing some true underlying tones of human nature.  We all like to be appreciated for the work we do.   Even in a high demand, high stress, and … (5 comments)

appraisal management companies: What will you do in the new HVCC world? - 05/05/09 10:29 AM
I recently received an email post on the Wintotal User Forum from Adam Calvery.   Adam is a VP product manager with Alamode - and allowed me to republish his email below.   This is some great information to consider when thinking that we have now somehow lost income in a new appraisal world, likely to be dominated by Appraisal Management Companies!
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As a software vendor, I'm not involved in running an appraisal business daily, but I understand what appraisers deal with.  As someone who's been with a la mode for nearly a decade, and being the outgoing type, I've been lucky enough to create numerous relationships with our … (3 comments)

appraisal management companies: Having a name like "AmcAppraisalsinc.com" might just come in handy - 02/16/09 08:00 AM
There are some new regulations coming down the pike on May 1st - namely the HVCC, or Home Valuation Code of Conduct.  The history of the code can be found by clicking HERE.   I won't bore you will all the details - but rather sum it up for those not in the know:
Upon implementation of the HVCC, lenders will now have to have a "firewall" between the ordering parties of an appraisal and an appraisal office (or person).  No more direct ordering from the loan officer or mortgage broker, etc.  There are some loopholes in the code and it is … (4 comments)

appraisal management companies: AMCs are not the Enemy...the enemy is within - 10/28/08 03:51 AM

I contend that the real "hot button" is not the lowering of fees - but the inequity of appraisal standards.

The trainees or newly licensed appraisers who cannot afford to open their own shop may indeed get a raise in fee by accepting an order for $200.   That is logical and a true fact of the matter.
I think where long time appraisers get very irate about this issue is when they are asked to complete an appraisal for $200 when they typically charge $350-$450 for the same home.  In the scenario where a staff appraiser in an appraisal office … (5 comments)

 
Richard D. Ferris, Florida State Certified (FHA) Appraiser (AmcAppraisalsinc.com) Rainmaker large

Richard D. Ferris

Florida State Certified (FHA) Appraiser

Clermont, FL

More about me…

AmcAppraisalsinc.com

Address: 10535 Summit Lakes Ln, Clermont, FL, 34711

Mobile: 407-801-9933

Office: ​313-877-1807

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