National Appraisers Petition To Boycott Appraisal Management Companies
This petition had 113 supporters
As a professional appraiser I attest that the Home Valuation Code Of Conduct (HVCC) & Dodd Frank bill have successfully allowed the banking industry to transform my profession into nothing more than banking profit centers through the proliferation of AMCs. The April 1, 2011 customary & reasonable fee hoax created by the partnership of the banking lobby and the U.S. government was the last straw. As a result I agree to particpate in this national boycott in an attempt to reclaim my profession.
As professional appraisers we demand the following:
*Customary & Reasonable Compensation (as defined by the VA Fee Schedule)
*Adequate Turn Time For Sound Research (48 to 72 hours for the average home)
*Ability To Collect Our Fee At The Door Or 24 Hour Online Payment From AMCs
*Separation Of AMC & Appraisal Fees On The HUD-1
*Reasonable Compensation For Additonal Comparable Sales Requests
*Reasonable Compensation For All Addition Forms (Includes 1004MC)
*Specific Restrictions On Lender & AMC Blacklisting
As a member of this boycott I am prepared to turn away AMC orders (when the time arrives) until the our demands are met. In the event that they are not met I agree to extend our boycott to ALL appraisal orders in an attempt to shut down the national mortgage market. I also agree to do my part by having 10 other appraisers sign this petition.