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HVCC One Year On

 

1. You have been appraising:

You have been appraising:   Less than 5 years 5 – 10 years 11 - 20 years 21 - 30 years 31 or more years

2. You work with appraisal management companies (AMCs):

You work with appraisal management companies (AMCs):   Always/often Sometimes Hardly ever/never

3. You have found a sufficient number of AMCs you are comfortable working with and have adjusted to life after HVCC:

You have found a sufficient number of AMCs you are comfortable working with and have adjusted to life after HVCC:   Agree Disagree HVCC did not affect my business Not sure/don’t know

4. You do non-lender, non-AMC work:

You do non-lender, non-AMC work:   Always/often Sometimes Hardly ever/never

5. You are interested in doing “Appraiser Price Opinions,” as long as fees are adequate and they are USPAP compliant:

You are interested in doing “Appraiser Price Opinions,” as long as fees are adequate and they are USPAP compliant:   Agree Disagree APO fees are not adequate APOs are not USPAP compliant Unsure/don’t know

6. You refuse work from AMCs when fees are too low, given the scope of the assignment:

You refuse work from AMCs when fees are too low, given the scope of the assignment:   Always/often Sometimes Hardly ever/never Fees are typically commensurate for the assignment Unsure/don’t know

7. You accept work from AMCs even when fees are too low, given the scope of the assignment:

You accept work from AMCs even when fees are too low, given the scope of the assignment:   Always/often Sometimes Hardly ever/never Fees are typically commensurate for the assignment Unsure/don’t know

8. You consider having sufficient turn-around time for your assignments to be an important factor in returning competent appraisal work:

You consider having sufficient turn-around time for your assignments to be an important factor in returning competent appraisal work:   Always/often Sometimes Hardly ever/never Unsure/don’t know

9. You decline assignments from AMCs due to turn-around time requirements that are unreasonable:

You decline assignments from AMCs due to turn-around time requirements that are unreasonable:   Always/often Sometimes Hardly ever/never AMC turn around requirements are typically reasonable

10. You accept assignments from AMCs with unreasonable turn-around time requirements and take the extra time required to do competent appraisal work anyway:

You accept assignments from AMCs with unreasonable turn-around time requirements and take the extra time required to do competent appraisal work anyway:   Always/often Sometimes Hardly ever/never Turn around requirements are typically reasonable Unsure/don’t know

11. Appraisal quality suffers on AMC assignments you complete due to inadequate turn-around time:

Appraisal quality suffers on AMC assignments you complete due to inadequate turn-around time:   Always/often Sometimes Hardly ever/never Don’t accept assignments with inadequate turn times Turn around requirements are typically reasonable.

12. Since HVCC, you’ve seen appraisal quality in general:

Since HVCC, you’ve seen appraisal quality in general:   Improve Worsen Stay about the same Unsure/don’t know

13. Since HVCC, you’ve seen the cost of appraisal services paid by consumers:

Since HVCC, you’ve seen the cost of appraisal services paid by consumers:   Increase Decrease Stay the same Unsure/don’t know

14. Since HVCC, your appraisal-related income has:

Since HVCC, your appraisal-related income has:   Increased Decreased Stayed about the same Unsure/don’t know

15. You believe the decline in your appraisal income is mostly attributable to HVCC:

You believe the decline in your appraisal income is mostly attributable to HVCC:   Agree Disagree Unsure/don’t know No decline in income

16. You are in favor of terminating HVCC:

You are in favor of terminating HVCC:   Agree Disagree Unsure/don’t know

17. You are in favor of AMC regulation:

You are in favor of AMC regulation:   Agree Disagree Unsure/don’t know

18. You believe AMCs can regulate themselves:

You believe AMCs can regulate themselves:   Agree Disagree Unsure/don’t know

19. You believe accurate and professionally prepared appraisals are vital to the health of the real estate industry/U.S. economy/home buyers/tax payers:

You believe accurate and professionally prepared appraisals are vital to the health of the real estate industry/U.S. economy/home buyers/tax payers:   Agree Disagree Unsure/don’t know

20. You believe that lenders believe that an accurate and professionally prepared appraisal is vital:

You believe that lenders believe that an accurate and professionally prepared appraisal is vital:   Always/often Sometimes Hardly ever/never Unsure/don’t know

21. You believe that AMC fees should be paid by the lender or other entity that chooses to use AMC services, rather than taken from appraisal fees:

You believe that AMC fees should be paid by the lender or other entity that chooses to use AMC services, rather than taken from appraisal fees:   Agree Disagree Unsure/don’t know

22. You believe refusing to work for unrealistically low appraisal fees could be an effective strategy for raising fees back up to pre-HVCC levels:

You believe refusing to work for unrealistically low appraisal fees could be an effective strategy for raising fees back up to pre-HVCC levels:   Agree Disagree Unsure/don’t know Appraisal fees are not lower since HVCC

23. You believe a national appraisal “boycott” could be an effective strategy for calling attention to and changing current industry conditions that you consider unfavorable to appraisers:

You believe a national appraisal “boycott” could be an effective strategy for calling attention to and changing current industry conditions that you consider unfavorable to appraisers:   Agree Disagree Unsure/don’t know Current industry conditions are not unfavorable

24. You would join and contribute financially to an appraisal “trade group” to advocate for appraiser interests:

You would join and contribute financially to an appraisal “trade group” to advocate for appraiser interests:   Agree Disagree Unsure/don’t know There is no need for an appraisal "trade group"

25. You have trouble getting paid by AMCs:

You have trouble getting paid by AMCs:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t accept AMC work

26. AMC staff are generally competent:

AMC staff are generally competent:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t accept AMC work

27. It appears that AMC staff you interact with are located offshore:

It appears that AMC staff you interact with are located offshore:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t accept AMC work

28. You feel pressure from AMCs “to make a deal work”:

You feel pressure from AMCs “to make a deal work”:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t accept AMC work

29. Since HVCC, your appraisal fees when working with AMCs have:

Since HVCC, your appraisal fees when working with AMCs have:   Increased Decreased Stayed about the same Unsure/don’t know Don’t accept AMC work

30. Low fees are the main criteria for your receiving appraisal assignments from AMCs:

Low fees are the main criteria for your receiving appraisal assignments from AMCs:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t apply for AMC work

31. AMCs consider your qualifications and/or the quality of your work product when choosing you for an assignment:

AMCs consider your qualifications and/or the quality of your work product when choosing you for an assignment:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t apply for AMC work

32. You believe that in your market most appraisers/lenders and other interested parties know (about) what a “customary and reasonable fee” (CRF) is for a particular assignment:

You believe that in your market most appraisers/lenders and other interested parties know (about) what a “customary and reasonable fee” (CRF) is for a particular assignment:   Agree Disagree Unsure/don’t know

33. You are receiving what you consider to be “customary and reasonable fees” (CFRs) from AMCs for appraisal assignments:

You are receiving what you consider to be “customary and reasonable fees” (CFRs) from AMCs for appraisal assignments:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t accept AMC work

34. You believe that delivering a consistently reliable appraisal product is dependent on being compensated “customary and reasonable fees” (CRFs):

You believe that delivering a consistently reliable appraisal product is dependent on being compensated “customary and reasonable fees” (CRFs):   Agree Disagree Unsure/don’t know

35. Since new FHA guidelines requiring appraisers be paid “customary and reasonable fees” (CRFs), you have requested and received CRFs on FHA assignments:

Since new FHA guidelines requiring appraisers be paid “customary and reasonable fees” (CRFs), you have requested and received CRFs on FHA assignments:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t do FHA assignments

36. Since new FHA guidelines requiring appraisers be paid “customary and reasonable fees” (CRFs), you have requested CRFs and have not received them or lost assignments:

Since new FHA guidelines requiring appraisers be paid “customary and reasonable fees” (CRFs), you have requested CRFs and have not received them or lost assignments:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t do FHA assignments

37. Things have improved for you since HVCC was implemented:

Things have improved for you since HVCC was implemented:   Agree Disagree Unsure/don’t know

38. Things have improved for consumers since HVCC was implemented:

Things have improved for consumers since HVCC was implemented:   Agree Disagree Unsure/don’t know

39. Things have improved for the appraisal profession since HVCC was implemented:

Things have improved for the appraisal profession since HVCC was implemented:   Agree Disagree Unsure/don’t know

40. Things have improved for lenders/AMCs since HVCC was implemented:

Things have improved for lenders/AMCs since HVCC was implemented:   Agree Disagree Unsure/don’t know

41. You believe no one is effectively advocating for appraiser interests:

You believe no one is effectively advocating for appraiser interests:   Agree Disagree Unsure/don’t know

42. Mortgage brokers should be licensed and regulated like appraisers:

Mortgage brokers should be licensed and regulated like appraisers:   Agree Disagree Unsure/don’t know

43. Mortgage brokers should be allowed to order appraisals directly if licensed and regulated:

Mortgage brokers should be allowed to order appraisals directly if licensed and regulated:   Agree Disagree Unsure/don’t know

44. You are experiencing less pressure today to alter your appraisal reports, for any reason, than you did before HVCC was implemented:

You are experiencing less pressure today to alter your appraisal reports, for any reason, than you did before HVCC was implemented:   Agree Disagree Unsure/don’t know

45. Your appraisal reports are more accurate, complete and free of outside influence today than before HVCC:

Your appraisal reports are more accurate, complete and free of outside influence today than before HVCC:   Agree Disagree Unsure/don’t know

46. You have been “dropped” from an AMC roster for not meeting conditions placed on you that you felt were not in the best interests of an accurate appraisal:

You have been “dropped” from an AMC roster for not meeting conditions placed on you that you felt were not in the best interests of an accurate appraisal:   Always/often Sometimes Hardly ever/never Unsure/don’t know Don’t work with AMCs

47. You are in favor of VA-style appraisal panels for all conventional and FHA mortgage lending assignments:

You are in favor of VA-style appraisal panels for all conventional and FHA mortgage lending assignments:   Agree Disagree Unsure/don’t know

48. You believe the banking regulators have been doing an acceptable job in enforcing existing banking regulations that pertain to the use of appraisals at the direct lenders:

You believe the banking regulators have been doing an acceptable job in enforcing existing banking regulations that pertain to the use of appraisals at the direct lenders:   Agree Disagree Unsure/don’t know

49. You believe that some of the misconduct that occurs in the engagement and use of appraisals would decline if the government regulators did a better job at enforcing existing regulations:

You believe that some of the misconduct that occurs in the engagement and use of appraisals would decline if the government regulators did a better job at enforcing existing regulations:   Agree Disagree Unsure/don’t know

50. E&O Insurance

E&O Insurance   You purchase your E&O insurance from OREP/David Brauner Insurance Services You purchase your E&O insurance from someone other than OREP You don’t purchase your own E&O but are covered under someone else’s policy You are not covered under any policy You are covered but would rather not say where

51. Please offer any questions we missed or comments you’d like to make.

Please offer any questions we missed or comments you’d like to make.

If you haven't already taken our first survey, HVCC Appraiser Talkback Survey, please click here. We're still collecting responses and want to hear from you.

OREP/David Brauner Insurance Services provides low-cost, broad coverage E&O insurance for appraisers. OREP is now in its 9th year. Visit www.orep.org for same day coverage for appraisers and agents. “Business by the Golden Rule.”