Action | Initial Appraisal Management Company Regulations |
Stage | Proposed |
Comment Period | Ended on 3/28/2014 |
As a Certified License Appraiser, I want to express my support for AMC regulation and appraisers being paid reasonable fees for their appraisal services performed. The need for regulation and appropriate fees is a much needed industry requirement that should be taken seriously. Both Lenders and AMCs should support the need for experienced and professional appraisal work. The fees paid to appraisers should be set by the appraiser not a "middle man".