I just thought I would highlight this particularly well written comment from
An appraiser gets paid $350 – $450 for a 1004 no matter what the loan amount is or the value of the property. The broker, lender or agents make their money on a percentage or the amount of the loan. It’s they who make the big bucks dependent on the loan amount or the sales price. What does it matter to the appraiser? Not a hell of a lot since the appraiser gets his $350 – $450 no matter what the value is. Who has pressured the appraiser? The broker, lender or agent is to blame for ‘pushing value’.
If Fannie and Freddie want a firewall between the appraiser and the one ordering the appraisal shouldn’t the fees be paid by the broker, lender or agent for the AMC since they are the ones who have been influencing the appraiser?! I don’t understand why the appraiser should pay for this service. It just does not make any sense. The broker, lender or agent has a lot more interest in the value amount then the appraiser. Appraisers need to start addressing this issue and suggest that the fees be paid by the other party involved not the appraiser. The AMC fee should not be the appraiser’s responsibility!
This comment explains quite nicely why appraisers are so upset with Appraisal Management Companies.