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Appraiser Holiday Lists

December 16th, 2014

Lists, Lists, More Lists

It’s that time of year where we are inundated with lists.  Here is our list of the five types of lists that appraisers will be seeing this holiday season leading into the New Year:

1.-“Top 5 takeaways from 2014”-the top lessons from 2014 that appraisers shouldn’t forget in 2015.

2.-“5 New Year’s Resolutions for Appraisers”-the five resolutions that appraisers must keep.

3.-“AMC Lists”-everything you always wanted to know about AMCs including contact info, coverage area, etc.

4.-“Avoiding AMCs at all cost lists”-the 10 actions appraisers need to take so that they can fire all of the scrooge AMCs they’ve accumulated. 

5.-“Top 5 Appraiser Lifestyle Tips”-for those appraisers who have lives outside of the appraisal world (and for those appraisers thinking about checking out the outside world).

Yes, will be providing these and other lists in upcoming issues and we appreciate reader comments about any “lists” they may have.  This week, however, we just want to thank our readers and encourage all to enjoy the holidays.  

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Reader Comments From Our Last Newsletter

Douglas Kues, of BOSS General Appraisals in Lakeport, California writes: “I am always curious about, and never see realistic comment about……why appraisers continue to extend credit without a fee?  Quite honestly, unless there is a sale or something, nobody allows ME 45-60 days to pay for services rendered….at least not unilaterally.   It wouldn’t make ANY difference how long it might take an AMC to pay their bills if the appraiser had a late fee of 10% for every 10 days the amount due remains unpaid.  Then they could take a year for all we care, but to extend their own credit for a month or more when we are obliged to perform within hours or days is ludicrous.  Just sayin’.”

Georgia appraiser Michael Owens writes:
“I am an appraiser from Georgia.  I noticed in the Appraiser News Email that Georgia is going to require AMC’s to pay the Appraiser within 14 days.  This is great, however do you know if they have defined the date to start the 14 days?  I have previously worked with an AMC that defined the completed date to be "as of their final review" which happened to be 24 hours before closing.  This is a ploy that allows the AMC to hold payment for 45, 60 and up to 90 days.  I feel that if we have 48 hours (in most cases) after inspection to complete the report, the AMC or Lender should have completed all reviews and asked for any correction within 5 business days.  I feel without a defined completed date the 14 days will still turn out to be 45, 60 or 90 days.  Do you have any information on this matter?” 

Our comment: This is a sample of the comments we receive from appraisers when we write about AMCs.  As always, we advise appraisers to become involved with their statewide or national appraisal organizations where they can find answers to their questions as well as join forces with other appraisers to promote positive changes in the regulatory environment.   

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AppraiserNews is a FREE publication, supported by advertising and sales of products designed to help appraisers support and grow their businesses. Please consider supporting us today by seeing what we and our sponsors have to offer.

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Final Reminder About Appraiser Petition

For those who missed this previously, the Illinois Coalition of Appraisal Professionals has launched a petition to “allow appraiser access to data they provided through the Uniform Appraisal Dataset (UAD)”.  This is a good initiative by a state appraisal organization, I’ve signed along with several thousand other appraisers to date.

A link to the petition is found here: Online Petition to Allow Appraiser Access to Data They Provided Through the Uniform Appraisal Dataset

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Some Random Tweets To Make You Smile

1) Only one shopping day until tomorrow.

2) Why do banks charge a fee on ‘insufficient funds’ when they know there is not enough?

3) Appreciate everything, regret nothing.

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Appraiser Help’s 2014 Directory of AMCs and National Appraisal Companies is Now Available!

To help appraisers evaluate how AMCs will work for their appraisal practices, we have compiled this expanded directory of AMCs and National Appraisal Companies, listing complete, contact information and other details for each listing.

If you’re looking to maintain or expand your mortgage appraisal practice, our Directory of Appraisal Management and National Appraisal Companies is a great place to start. Order it today for $69.99 and download it immediately!

Please visit our website now to make your purchase securely or contact us at (877) 434-2825 for more information on this comprehensive directory!

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Rates & Dates

Freddie Mac, the Mortgage Brokers Association (MBA) and HSH Market Trends reported little movement in mortgage interest rates in their most recent surveys. 

In their survey on December 11th, Freddie Mac reported that 30-year fixed-rate mortgages increased from 3.89% to 3.93%. They also noted that last year at this time the 30-year rate was 4.42%.

Last week, Freddie Mac released the results of a Harris Poll they commissioned which asked renters to share their thoughts regarding renting versus homeownership.  Some of the findings:

~The majority of renters report that they live paycheck to paycheck with 45% saying they have just enough to get by and 17% lacking what they need to pay for basics such as food and housing.  This contrasts with 38% of homeowners reporting similar difficulties.

~While 91% of renters are seemingly untarnished by the financial crash and view homeownership as something to be proud of, 61% say that they will continue to rent during the next several years.

~Renters indicating that they will purchase a home during the next three years: 58% of those aged 35-44, 47% aged 25-34 and 27% aged 45-64. 
Additional information on the Freddie Mac survey is found here: Freddie Mac Research Shows Many US Renters Still Dream of Homeownership but Some Prefer to Rent

The Mortgage Bankers Association (MBA) reported on December 10th (for the week ending December 5th) that 30-year rates with conforming loan balances ($417,500 or less) rose to 4.11% from 4.08%.  The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,500) fell from 4.11% to 4.07% while rates for FHA backed mortgages increased, from 3.85% to 3.87%. 

Mortgage applications jumped by 7.3% from the previous week with the share of refinance applications as a percentage of all applications increasing to 64% from 60%. 

FHA mortgage applications constituted 9.0% of all applications (down from 9.3% last week) while VA applications comprised 9.6% of applications (up from 9.4%).

On December 12th, HSH Market Trends reported that 30-year mortgage rates dropped to 4.03% from 4.05% the previous week.  Rates for FHA-backed mortgages also declined, from 3.76% to 3.74%.

Additional information from Freddie Mac can be found by going to: Primary Mortgage Market Survey PMMS – Freddie Mac

Additional information from the Mortgage Bankers Association can be found by going to their site at: Research and Forecasts – Mortgage Bankers Association

Additional information from HSH can be found by going to: HSH.Com

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Appraiser Help has Released its 2014 Directory of AMC’s and National Appraisal Companies. Click the link above to learn more and to download your copy today!

Ask Angie

Angie feels the spirit of the holidays and has declared five winners from the last contest:

California appraisers Corissa Young and Calogero Giaimo; Rhode Island appraiser David Wild; Florida appraiser Maria Huff; and Arizona appraiser Grant Gay.  Corissa is with Young Appraisals and covers San Luis Obispo County while Calogero covers Santa Cruz.  David is with David Wild Appraisals and covers all of Rhode Island.  Maria covers Orange, Osceola and Seminole Counties while Grant covers Maricopa County.  They were the first 5 to answer correctly that Albert Einstein was the author of the quotes in the last newsletter: “If you can’t explain it simply, you don’t understand it well enough”; "A person who never made a mistake never tried anything new”; and “The difference between stupidity and genius is that genius has its limits.”

Today’s Questions:

1. Who said: “Never wrestle with a pig because if you do you’ll both get dirty, but the pig will enjoy it.”

a) Sarah Palin
b) Warren Buffett
c) Charlie Munger
d) Jeffrey Ettinger
e) None of the above

2. Who said: “Whoever is careless with the truth in small matters cannot be trusted with important matters.”

a) Benjamin Franklin
b) Bernie Madoff
c) Albert Einstein
d) Mark Twain
e) None of the above

3. Who said: “Change is inevitable. Progress is optional.”

a) The Dalai Lama
b) Henry Ford
c) Tony Robbins
d) Albert Einstein
e) None of the above

The winner of this week’s contest wins a choice of either:

One Free Regular Listing on

A Free Copy of the 2014 Directory of Appraisal Management Companies (Available to Members of and FREE!)

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Tell us what you think!

We invite your responses to any of the issues raised in this newsletter. Please e-mail us at: with your thoughts!

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We really hope you find our newsletter to be informative!  If you have any input on future topics for discussion, please email me your questions and I will do my best to address them in the next issue.  If you want to look back at past issues you can see our archive at


Bill Collins, Appraiser Help Inc.

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