AMCs

Chase Denies Responsibility for Bankrupt AMC Debt

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Editor’s Note: The bankruptcy earlier this year of the appraisal management company (AMC) ESA left millions in unpaid fees to appraisers, agents and brokers, who now are trying to collect from Chase, the bank who hired the AMC.  What happens will have far-reaching effects on the appraiser-AMC relationship and the industry. Chase Denies Responsibility for… Read More

Checkbox Chimps and Review Appraisals

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Appraisers are coining a new term for certain appraisal management company (AMC) staff - “Checkbox Chimps.” These are the personnel who are “reviewing” appraisals, and no matter how solid they may be, are instructing appraisers to change their reports. Are they really providing an “appraisal review” or are they just checking boxes on a form? Are… Read More

Appraiser Cleans House

Appraiser Cleans House By Christie M. Bond I own and operate a two-appraiser firm in a small, under-served town in West Michigan. I have worked very hard to build a good reputation for my firm and myself.  Fed up, burned out and tired of the day-to-day struggle to maintain that reputation and keep a steady cash flow, I have decided to take drastic measures with my current and future clients…. I fired them all. After six years in… Read More

FNC-Appraiser Firestorm (Again)

FNC, Inc. is once again at the center of a firestorm in the appraisal world– this time over a user agreement that appraisers fear signs away their E&O insurance coverage. Appraisers are required to authorize the agreement if they want to continue working with many of the nation’s largest lenders via AppraisalPort. While the agreement… Read More