Appraiser News
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Gotta keep ‘em separated: Calling out AMC fees on forms
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Monday, February 27, 2012
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In the battle for a “customary and reasonable” appraisal fee, the transparency of who is paid what amount is a huge step in the right direction. So, it’s good for appraisers that the Consumer Financial Protection Bureau is testing prototype Good Faith Estimate and Settlement Forms that separate the fields of what an appraisal management company is paid and what an appraiser paid. Of course, the CFPB is also testing forms that don’t separate the appraisal payments.
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