- Miller Samuel Real Estate Appraisers & Consultants - https://www.millersamuel.com -

Appraisal Pressure Applied By Unwitting Clerical Staff: Appraisers Are Seen As Snails

Today we got an email from a client contact that read:


From: ############
Date: November 17, 2005
To: XXXX@millersamuel.com>
Subject: RE: Status

why does it take your office  1- 1 1/2 weeks to write up a report!?

This email was sent by an appraisal management company, who took over a long standing account that handles high end properties. They have been mandated to use our firm. Of course, you have to remember that we provide our service in a market where 80% of the housing stock is not a matter of public record, and we have no MLS system. To my knowlege this AMC does not review quality (or at least substantively) and simply track their vendors by turn times.

Its an ongoing battle with this client and eventually, the original bank’s loyalty, which has protected us from the AMC’s pressure, will fade as time passes since the original client doesn’t interact with us directly anymore.