I'd rather dig ditches - similar wages but at least I would be in good shape. - Recensione dipendente - Staff Appraisr presso Rels Valuation

1,0
7 apr 2015
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Pros: standard healthcare any company would give you. Rels pays for one MLS, Realquest, $60 internet, $75 phone. Yippeee! (note the sarcasm). See below what they wont pay for - the things you really need, desire and deserve for doing appraisals for 40 cents on the dollar.

Svantaggi

1. CEO ( Dan Hackman ) is so disrespected by the employees (and he knows it) that you rarely hear from him. 2. Appraisers must waste time engaging in training webinars from people who should be the trainees, not the trainers. 3. Extremely low pay: Appraisers earn $10 per hour on first $2,700 billing or approx. your first five appraisals for the pay period. Can you say exploitation? Worst in the industry that I've heard of . After that, you you earn 40% of the appraisal fee or about $180 per full. At the end of the month, you'll make $4 to $5K. Super depressing! 4. Appraiser must pay for his own licensing, continuing education, most office supplies, new tools, additional MLSs, etc. Rels always takes the cheap way out and says "no, that doesn't qualify for a reimbursable expense." 5. Managers are constantly giving you the classic straw man argument ("We need to keep wells fargo happy or they may use other AMC's). Whaaa! That may suck for the Rels brass who have no other skills but to leech, but appraisers have other options to get that work - quit and work independent or for the competition. 6. Rels pays the appraiser a minuscule 40% of the appraisal fee, but will not pay for an appraisr to take an two-week expense paid vacation. Everyone else gets a paid vacation but not the employees with the license and expertise that earns the company its only revenue. 7. Rels Valuation expects appraisers to do full 1004 appraisals as low as $135 (PMI removals and equity loans). Can you say exploitation, again? 8. Incessant micro-managing from supervisor. Yes, constant meetings and hearing "We need a appraisals delivered on time to our client (Wells Fargo, one of the Rels Valuation fractional owners). Yes, the client is the owner. LOL! Conflict of interest? You betcha! 9. The say they want quality but at the end of the day, they really want you to meet their short turn-times. Again - scared out of their mind Wells Fargo will lose business to backup AMCs. 10. No holiday celebrations 11. Rels Valuation never splurges a little on employees, company never has production contests or performance bonuses. 12. Rels sets monthly production requirements to a level that assures you that you won't be spending time doing anything fun. Nope, you'll be working while Dan Hackman plays golf on your backs.

Esplora altre recensioni su Rels Valuation

5,0
4 mar 2016
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

I worked a later shift that accommodated the rest of my schedule. Training supplied was quick, but thorough. If successful in the first week or so, you will be trained for new responsibilities and work with another 'team' while still working for your original team. You get trained on basics and if you're good enough advance in skill level from there. This kept what may have become boring much more tolerable and engaging.

Svantaggi

Contractor pay is low. I was hired through a staffing agency so I cannot speak to what benefits the company itself provides.

2,0
28 ago 2014
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Not Much. Able to work out of my home office and make my own hours. Decent benefits, and reimbursment for mileage

Svantaggi

Worked for Rels for about 18 months and was recenlty "let go" due to working for outside appraisal companies on my own time and equipment. Why, because the pay here is horrible and I needed to supplement my income somehow. They take a fixed amount out of billings every two weeks amounting to $5600 off the top, then they pay you 40% of whats left over. Plus a bare minimum hourly wage. I have had busy weeks and my 2 week Net was not even half of my billings. Someone is racking it in, and it is not the appraiser. They only care about on time reports, not quality reports. They have a team of reviewers and managers that micro manage everything, and try to "persuade" you. Reported someone on apprasiser independence, 1 month later I am gone. No warnings, no discussions, no exit interview, very unprofessional atmosphere. Manager never returned calls or emails for imprortant issues. No vaction, no sick time, no holiday pay. Not allowed to decline reports. Basically a slave to the company 24/7.

9
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