Here is another news article about appraisers preparing for the implentation of the Home Valuation Code of Conduct. From the Daytona News Journal:
“The industry has changed, and over the past five years, management companies are taking over the appraisal business,” said Circelli, who earned about $400 each for more than 150 appraisals in 2007. Since becoming certified on the lists for some appraisal management companies, during 2008, he did 362 appraisals. But the management companies collect the larger fees and individual appraisers like Circelli are paid little more than $100 per appraisal for the same amount of work.
It has been mentioned in the comments of this blog, but It bears repeating. The HVCC does not require the use of Appraisal Managment Companies. It doesn’t even recommend the use of AMC’s. It just seems to be the direction the industry is heading. However, if individual appraisal companies can position themselves as quality appraisal providers, than it seems they should be able to beat out the AMC’s for the lender’s business.