That’s what the checkboxes do.The biggest question to answer is whether or not one wants to do business with any AMC, especially those on fishing expeditions. VP/Chairman National Appraiser Peer Review Committee. All ROV requests submitted before 3:00 p.m. EST are handled the same day, with those submitted after 3:00 p.m. processed the following day. Those requesting the reconsideration of value should submit any data that wasn’t available at the time the appraiser made out the original report. But the fact is, most residential appraisers across the US do work for AMC’s. Over 28 years appraising all property types and interests, in Southern California real estate. Without saying anything about the company being discussed, I find that particular distribution platform to be preferred above all others. No thank you! They back me up when I am right. Mike Ford, American Guild of Appraisers (AGA™) says: undue influence during the development of appraisals. Kimberly is the Escalations Team Lead at Class Valuation. Our blog is full of tips and tricks to help you and your clients throughout the appraisal process. Reconsiderations of Value and What to Do About Them. This is an important point. On average, the entire process should take less than two business days. Many times I have and they still do not support the contract price. Sad commentary. The VA has a good system, but most don’t read or receive the original report BEFORE they pull out the pitchforks and saws. Somehow the appraisal profession adopted the mentality of the Company Store and coal mine industry. Both clients and appraisers alike can be confident their concerns will be addressed efficiently. The Reconsideration of Value. (Brokers should first contact the lender to see if there is a specific process in place.) Both my grandfathers died in their 50’s from black lung. Reward: You appraiser agrees with your Reconsideration and your home value goes up. But someone has to put a value on “It”. I am both a Certified Appraiser and Realtor. He can be reached at (248) 220-2536 or by email at email@example.com. If you say “I’m having difficulty in justifying a contract price”, but in realty perhaps no problem in establishing an independent opinion of market value (appraised value), then why invite an angry group (agents, borrowers, owners, LOs, etc. I’d rather burn in Hell than work for this degenerate AMC. Anytime an appraiser is asked to proffer an opinion of value (even if it is just to reconsider one already made) it is an appraisal. So, the way I see it, each assignment is going to become 2, the first valuation and then the reconsideration valuation, all for the price of one, I can’t wait. Appraisers Being Sued for COVID-19 Errors? At each of the past Summit/Expo’s I have attended (2017 & 2015), there have been seminars presented from the AMC’s perspective of how ‘we’ should interact with them. Periodically, Appraiser News Online will be running an insider’s view of a hot topic in Washington, D.C., penned by Appraisal Institute Director of External Relations Bill Garber. Both Wayne and Anna are correct. If we find that the supplied data is outside the market area or that the comparables are not significant, we will advise before processing to allow more time for research. The lender will provide any information that supports an increase in value to the appraiser. [contact-form-7 404 "Not Found"] Live Chat Software It is a win-win for both when we do this.As for the comment that appraisers need to learn to work with AMCs. There is no way a real estate agent is going to grid 50 comps! Individual appraisers licensing for ALL distribution workers ought to help clear that up. 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