As if there aren't enough who already have their hand in the pocket of appraisers, I was just notified that an AMC I am considering doing work for charges (or as they claim, they are charged), $ 10.50 or $ 13.50 PER APPRAISAL for a "technology fee" for UPLOADING a report.
In todays world of appraisal software that uploads both .PDF and .XML format to the client, why does an AMC need a software that charges them, who pass the cost to appraisers, and ultimately to the borrower ??
Unfortunately, the homeowner is just told "your appraisal is $ 500", and they assume the appraiser is charging that amount. They arent told that an AMC is taking 35-40% of that, another chunck is going to another company for a technolgy and the appraiser is gets whats left which is usually $250- $300, if they can get you to do it for that (and there are plenty who do).