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Collateral Management

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Horrible AMC for Appraisers - Certified Residential Appraiser Collateral Management Employee Review

1.0
5 Aug 2018
Recommend
CEO approval
Business outlook

Pros

They now pay their appraisers quickly.

Cons

Lowest paying appraisal fee out there. Rather than assigning appraisals to the most qualified appraiser Collateral Management shops every potential appraisal for bids. The appraisal is assigned to the cheapest bid. Quality of work from these bottom feeding appraisers is below average at best. there method of assignment requires appraisers wasting time researching the property and comparables and then submitting a reasonable bid only to have it assigned to a starving appraiser who is working for peanuts. If you ever are assigned a job the call you relentlessly to ensure the appointment has been set, property inspected and that the appraisal will be submitted on time. They often request expedition with no additional Rush Fee.

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Collateral Management Response
7y
This posting couldn't be further from the truth. We are an appraiser based company that allows vendors to set the pricing. We do not have any fixed or suggested fees for our vendors. The vendor sets the price and we disclose to our clients the customary and reasonable fees. We have no broadcasting. In addition, we have full transparency on all fees as should any AMC. This also suggests that Collateral appraisals "suck". These would be reports submitted by your peers since we have no staff appraisers that complete field work. We do apologize you are displeased. My suggestion would be to learn more about a companies operation before posting false data.

Explore other reviews about Collateral Management

5.0
3 Sept 2020
Recommend
CEO approval
Business outlook

Pros

Very professional, good work ethics and great people

Cons

Nothing that I can think of.

1.0
19 July 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

I was really trying to think of something, and I can't...OK there was a one time they bought pizza. Yea that's it.

Cons

This was probably the weirdest company I've ever worked for. The owner only speaks to the employees that she likes (mostly management) they are very impersonal and unapproachable, they come off like they are better than you. And while there I witness so many racist statements from the management. They will not train you property or communicate what their expectations are, you have to just kind of figure it out some how. They fire you by email, so you will never see it coming and they don't have to face you when it happens so you will have anxiety everyday wondering if you will get that email, and that's not the worst part, I was asked my salary expectations and schedule needed during the interview, they extremely low balled me and gave me the schedule I told them I couldn't work (they later fixed the schedule thing) this company could be a good place to work if they acted just a little like they cared about the people they hired, it seems like they don't. The turnover is rediculous, I've never so many people get let go in such a short period of time . I've worked at many different place and this is not me being disgruntled, they need to work on their people skills seriously.

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