What are typical review appraiser salaries? |
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Do some companies pay a lot more for this position than others? What does a top earner make in this field? What skills should you learn to increase your salary? |
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Divermike in Long Beach, California 28 months ago |
For FNMA on a contract basis, you MAY earn up to $50/hour; though it looks like they are putting downward pressure to the $35-$40/hr range. For a title company offshoot (such as Old Republic Default Management Services, expect it to be ONLY in the range of $48,000 to around $60,000 BUT you have to work 10-12 hours a day, AND they expect you to work weekends. You simply 'review' broker BPOs that have been obtained for $30.00 each! (yeah, REAL quality work there...). A 'real" review appraiser performing USPAP compliant appraisals of SFRs on a salary bsis (if you can find it) SHOULD earn to $60,000 for SFR work, and more for 2-4 units. Apartments and commercial reviewi9ng should be in the $80k to $120k range generally (compare it with Federal positions). The truth is, that few employers want good quality reviews these days. Most are content with $30.00 BPOs INCLUDING FNMA!!! |
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