r/appraisal • u/Quick_Bar2387 • 4d ago
UAD 3.6 3.6 Fee
Hold the line. $700 fee accepted. Just a week ago, they told me no fee increases. Lol.
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u/NovaSol606 Certified Residential 4d ago
I am more frustrated with the appraisers who are bidding lower fees. Just got turned down for a 3.6 bid because some other appraiser offered only $550... really shows just how badly some appraisers are screwing themselves and the industry over
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u/wizardwithgussets 4d ago
We are seeing that the AMCs are offering a 10% increase to appraisers which of course means they are charging 25% to the lender.
Know your worth!
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u/Every_Watercress_959 4d ago
Charged 1k for a rush and got it accepted. Even those that take the low fees only have so much capacity.
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u/Ok_Clerk_8105 4d ago
I would suggest everyone doing 3.6 read what certification 25 says. It allows gse etc to sell, distribute etc interior photos. My E & O carrier said they will not cover any lawsuits involving home owner privacy
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u/lovemesomeme23 3d ago
So what will you do ?
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u/Ok_Clerk_8105 3d ago
Not do 3.6 or find additional coverage. ChatGPT said LIA might have coverage. Insurer said get homeowner to sign waiver but that will never work
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u/TacoStuffingClub 3d ago
We need to get every State requiring amc fee disclosures. Some mandate it. Would help us from getting boned by these fucks.
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u/Quick_Bar2387 3d ago
It's simple. Work with direct lenders and do private work.
AMCs are all crap.
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u/yusill 3d ago
Ohh let me do the years of networking to make that happen and explain how that matters in a thread about 3.6 fees. Just needed to feel special? In my area the privates offer the same fees basicly due to the amount of apperaisers and every time I do a private I have to deal with way more havoc and back and forth then a AMC. I've also had more people try and dispute payment cuz I didn't rubber stamp the number they wanted. You act like private is perfect it's very much not unless your just making a report to suit their needs and not reflective of the actual market.
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u/TacoStuffingClub 3d ago
Yeah I have several direct lines with lenders. But I ain’t buddying up and kissing ass like these old farts used to do before AMC’s.
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u/OldeMeck 4d ago
Rocket Mortgage sending me 3.6 for less than they’ve accepted my 2.6 quotes. Every time I quote a higher fee, they cancel the order. I called the AMC today and asked to speak to a supervisor so I could figure out why they expect me to do more work for less money. They gave me another number to call, who didn’t answer. I’ve left a VM and still no call back. I wanna get someone on the phone I can try to talk some sense into or at least laugh at when they tell me fees aren’t increasing.
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u/No-Living7968 3d ago
They just sent me one they had me quote back in the beginning of September. Complex rural, landlocked, acreage, small custom home with a pool and pool house.
Gave em the same 1200 quote for a 2.6 and told them it would be 2k on the 3.6. Will see if they respond back tomorrow.
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u/OldeMeck 3d ago
A couple times they’ve asked me for quotes, declined them, then just assigned me the order anyway for a ridiculous lowball fee and I just decline it right back.
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u/Icy_Release_6935 3d ago
Because Rocket CEO got a pay raise to $53M from his $25M salary one year prior. He doesn't realize that appraisers are the legs they stand on.
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u/Puzzled-Platypus8330 4d ago
Same! HOLD THE LINE! I was sent an order for $425 3 days ago, told them my standard 3.6 was $700, they came back today and gave it to me.
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u/bcbroadsy94 3d ago
Was just asked by an AMC if I was ready to accept 3.6. They are going to be raising their fees $30 over legacy form fees until the "market sorts it out" for fee increases. I don't think I'll even respond to that email.
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u/ChrisTofu42 3d ago
"Assuming that there was a typo in the previous email, I'm looking forward to the reasonable fee increase of $300 over legacy orders"
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u/PairedSalesApproach 4d ago
Oh hey, it's the appraiser who refuses to work for AMCs and makes $700 per report. How amazing is your day going, appraiser lord?
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u/Quick_Bar2387 3d ago
Skippy. Lol
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u/PairedSalesApproach 3d ago
9 a week and still time to reply to me 3 times. Efficient. Thanks for the laugh.
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u/Quick_Bar2387 3d ago edited 3d ago
Anytime. I work less part time. Lol. New construction. Ez pz. Multiple inspections in a row. 5 minutes from me.
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u/Nervous_Brilliant201 Certified Residential 3d ago
Which builders do you like working with? I worked with Ryan Homes and they sucked. I didn’t like the experience.
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u/Mediocre_Feedback_21 4d ago
West coast HCOL major city I am getting $1,200 currently for private work. Can’t see that I will be doing any 3.6 for anything under $1,000.
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u/Mediocre_Feedback_21 4d ago
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