Items Tagged with 'fees'

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  • Dodd-Frank Act Will Result in Higher Appraisal Fees

    A section of the Dodd-Frank Wall Street Reform and Consumer Protection Act created registration requirements for appraisal management companies (AMCs) that will lead to increased fees for both borrowers and mortgage companies.   In an article in National Mortgage Professional magazine, Charlie Elliott, Jr. of Elliott & Company Appraisers writes that the implementation of this section of the Dodd-Frank Act is creating significant costs for AMCs that will drive some out of business and force others to pass on those expenses to clients. Elliott states that there four cost issues that have been created by the new rules.  First
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