It's been a week since the HVCC went into effect.

I have had absolutely no orders from the 40+ appraisal management companies I have signed up with. I am not even sure how they pick an appraiser for an assignment. For all I know, they use the same 3 appraisers and never go all the way down the list.

The only thing I have going for me is that I am an FHA appraiser.

I foresee small appraisal and mortgage companies going out of business within the next few months.

I can't imagine the impact this will have on the economy.

All well and good that we are in this for a few months now. However, where is the HVCC Complaint Board? There are Appraisal Management Companies collecting fees for Conforming and FHA Appraisals, delivering the product to the Broker/Lender and NOT paying the Appraiser. This practice needs to be addressed imediately.

Just talked with a former client and he said his borrower paid $435 for an appraisal after all the fees were added in.   Boy are the borrowers getting screwed by HVCC.   After over 20 years in the business I am now OUT of business.  If Obama gets his way we will all be out of business.

Appraiser from California

I would like to know where or who an appraiser turns to when he or she doesn't get paid by the appraisal management company. It seems like they just want to stretch us out as long as possible even though they are getting paid up front with credit card transactions from the borrower. I have 2 appraisals that are over 70 days now and I can't talk to anybody but the receptionist. I left numerous emails and messages and still no response. Did any of the bureaucratic morons think of this ???? Who is watching the AMC's ???? What a freakin mess, 25 years down the drain. Definitely looking for a new career.

I laugh when I read the appraisers response to getting paid. How about we get some real appraisers who know what their doing. It's been total chaos, doom & gloom seems to be the under the breathe feeling when an appraisal is ordered. I have seen 19 ordered and 19 come back so lean it makes you wonder if the properties where ever worth anything from the start. Today, I ask all Realtors to have an independent appraisal completed by the owner, prior to the listing, once sold, the Realtor can let the appraiser know that they have an appraisal already completed. If the AMC appraiser comes in to short, the Realtors are suing the AMC company and appraiser. Good Stuff! Let's keep them honest.

    This whole HVCC process is a big joke. If you look at the broader picture at whats going on, is that the appraisers that are signed on with these management companies they are not giving true values to homes. They included shorts sales and foreclosures and dont even mention it in the appraisal once it is completed. Consumers that rely on fair and close to accurate values of their home across this country dont even come close. I've been i the mortgage industry for almost a decade now, and I have to say this from the bottom of my heart, this country is headed for destruction. Fannie, freddie open up new programs to help the public with values being over what their current mortgage balances, the appraisal process sets them back even further.

    I have to say that if 50% of homeowners let their homes go into foreclosure cause of being upside down, maybe then this new administration of the US will look at whats wrong with the picture in this country and change a few thing around. People that are self employed and dont claim every dollar on their returns are suffering at all the new guidelines. The crooks who put this country at where we are today should kill themselves to make things easier on the taxpayers.  To the Attorney General Andrew Cuomo, who proposed this process and put honest appraisers out of business, I can only hope that you end up just like Spitzer, both of you should only have the same carma that you put people through who try to make an honest living in this BS political country. 

  The problem is that people are scared in this country to voice their opinions because someone who has more $$$$$$$ then them will pay off some politician and they will fight to impose some dumb ass law that only helps a select few people who stand to profit from it, (oil, Wall st, HVCC, law enforcement, the list is too big to go on). There is no fairness in this country........I dont care what anyones elses opinion maybe, this is how I feel and think, and im sure that someone will rebut this post. You too can sign up to the military and maybe you can get blown up in one of these 3rd world BS wars that cost everyone money. WAKE UP PEOPLE.......SMELL WHATS ROTTEN HERE

For the record you can count two more experienced appraisers out of business.  I had 18 years experience and my partner had 8 years training under me.  Why on earth would any experienced appraiser continue in this business when they are forced to surrender every client and work for 30 to 50% of their typical fees?  Beats me.  Had I continued to accept orders I would be making less than I make as a trainee 18 years ago.  At that time I had no expenses.  Under the new HVCC extortion business model the fees that AMCs are paying would fall short of paying for overhead minus the appraisers salary.

Believe it or not greenhorn appraisers are still eating it up!!!  They are so inexperienced that they confuse staying business with making a living.  Eventually they'll be forced to recognize the difference either through bankruptcy court or through a divorce (and the loss of the partner that supports their bad habit of appraising for free).  A full two thirds of the appraisers in our state have left the business and we were hardly affected by the housing bubble.  License renewal has yet to hit us.  My guess is that we will eventually lose 85% of our licensees.