I do USE an AMC that was started by friends of mine, and I use them because they’re good. I’ve been able to watch them closely as they do real work, and I find your comment hilarious.

And whatever you think of the HVCC, it is not going to go away, so what do you want to do? Rant and rave about it? Kick and scream? What are you, six?

Do ME a favor. Look at the situation with an eye toward making it as good as it can be, not as good as you wish it were. Had you done this before, you could have started your OWN AMC, and then you’d have far fewer problems, and be able to see both sides of a situation more complex than you make it seem.

P.S. 1st Choice addresses EVERY SINGLE ONE of the HVCC problems you list in your link. All of them. 1st Choice has been to Washington and spoken to the relevant agencies and legislators for the purpose of getting HVCC amended to prohibit lender-owned AMCs, the only part of HVCC that can’t be ameliorated simply by being professional. Had you done this yourself, you’d know that the petition is a joke, and 108 cosponsors is pointless. You’d have known that the FHA was about to institute its own version of HVCC, and that the FHA rules would mandate that HUDs split appraiser and AMC fees out so people can see them (a rule 1st Choice welcomes, incidentally, since 1st Choice pays appraisers full fees). I don’t own any part of an AMC, but if I did, I’d want it to function exactly as 1st Choice does. And so would you.

Do me a favor. Start an actual appraisal company…do some real work…and then file a new report on HVCC.

For the real story on HVCC visit http://www.investsmart.com