Employee Review

  1. 1.0
    Former Employee, more than 1 year

    Staff Appraiser

    May 22, 2017 - Anonymous Employee in San Diego, CA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    As a staff appraiser there is an abundance of work. The work is mainly from Bank of America and Well Fargo. You get medical and dental. You get a 401k! Yes, the holy grail of all multi-millionaires and billionaires. By the time you're 65, you'll be the richest guy in the retirement home. Not to worry, you'll get your exercise by fitting your wheelchair in the back of you Lamborghini. You'll have to hire a driver because your eyes will be shot from years of staring at the computer screen typing up those appraisals, but hey, at least you'll be rich.

    Cons

    They inundate you with work and expect you to work non-stop. They expect you to do about 40 appraisals per month. The pay is $17 per hour. Yes, you read that correctly. They allow up to 2 hours overtime per workday. Average monthly pay is about $3,750. Bonus is about $1,000 per month (if you can do about 40 reports per month). Don't start pick out the color of your new Lamborghini just yet. That is gross pay, the government still gets to take their cut. Typical take home pay is about $2,600 per month. A typical fee for a 1004 single family appraisal is $425. Out of this, after accounting for your hourly pay and bonus, you make about 45% of the fee or $191 per appraisal. They will tell you to log in all of your hours worked, but if you're not cranking out 50-60 reports per month you will be "counseled" by your manager on how to be more productive. There is an abundance or work, which is desirable for appraisers. However, there are times when it gets slow. If it gets too slow they will do massive layoffs. I have been through 3 cycles where my coworkers were laid off without warning. If you're a fee appraiser thinking about taking a job as a staff appraiser with Corelogic, STOP. DON'T DO IT! You will have to get rid of all of your current clients and will not be allowed to do outside work. Did I mention the pay? Yes, it's $17.00 per hour. Minimum wage in CA is currently $10.50 per hour. And it will increase every year for the next 5 years. By 2022, minimum wage will be $15 per hour. If you're still considering a job offer, just wait a few years, ditch the appraisal license, and get a job as a fry cook at Jack N the Box. At least there, you will have a chance to advance with the company..........and one day have a chance to buy your own franchise.

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    14 people found this review helpful
  1. 5.0
    Current Employee, less than 1 year

    Good

    Feb 15, 2021 - Data Analyst 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Good people good bosses all in all good culture

    Cons

    Not enough work life balance

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  2. 4.0
    Current Employee, more than 3 years

    Good

    Mar 2, 2021 - Executive in Irvine, CA
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Good benefits and people and

    Cons

    No work form home long term

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