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Appraisal Turn Times

Appraisal Turn Times

Closed — 69 supporters Verified

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Started by Anonymous 17 years, 2 months ago
We the undersigned Utah Appraisers appeal to the Utah Division of Real Estate to make an administrative rule as authorized by H.B. 152 to: Prohibit AMC's will from guaranteeing to their client or make a requirement of any appraiser in Utah to provide appraisals with in 24-48 hours. Or in any way emphasize to their client and or place pressure on Appraiser to complete assignments with in 24-48 hours of the assignment being received. We the undersigned believe that appraisals consistently produced in this manner are contrary to the best interests of the public in general and the Mortgage industry in specific, and have a higher probability of faulty workmanship and quality if such a requirement is allowed.

6 Comments

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Brian Okonkwo
17 years ago Featured

total nonsense that amcs think they can dictate timeframes like that. do it right or dont do it at all.

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Dave Walton
17 years ago Featured

UTAH appraisers deserve better! stop the 48 hour pressure tactics it is dangerous for the market.

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Jason Reeves
17 years ago Featured

Appraisals arent fast food. You cant just rush a professional valuation. Ridiculous.

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Sarah Yamamoto
17 years ago Featured

Finally someone is speaking up. AMC demands are getting completely out of hand.

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Linda McKenzie
17 years ago Featured

My husband has been an appraiser for 20 years and this pressure is just unsafe for everyone involved.

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Mike Hart
17 years ago Featured

Quality takes time. Rushing these reports is how mistakes happen and it ruins the reputation of the whole industry.

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