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>> See Past News Editions >> Click to Print > Expert’s Guide to Defensible Workfile “Bulletproof” your workfile, protect your license and your livelihood with this expert help. Make your time count: learn quick tips from an expert on how to produce highly defensible reports that keep you safe and raise the quality of your…
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I have the honor of moderating a panel at the upcoming Appraisal Summit in Las Vegas in November on "building bridges" between appraisers and appraisal management companies (AMCs).
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While several state boards have adopted "prompt pay" provisions into their appraisal regulations, it is rare for AMCs to face formal sanctions over late payments.
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At least one appraiser management company (AMC) put a new accent on appraising by having the point of contact be in another country—specifically, a call-center in India.
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Just like an AMC has a responsibility to ensure that an appraiser is licensed or certified, in certain states, appraisers also have a responsibility to ensure that the AMC is appropriately registered/licensed to do business in that state.
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While it doesn’t directly address AMCs and the topic of agency, the OCC bulletin touches on many of the issues that concern appraisers who frequently find themselves performing work for lenders indirectly through third-parties representing the lenders, better known as AMCs.
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You may be interested to hear what (at least one) Appraisal Management Company (AMC) thinks about the effect of low-bid appraisal ordering on quality, the topic of last issue’s News Edition (Low Bid Appraisal Ordering and Its Effect on Quality).
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Editor’s Note: A desktop appraisal product introduced last month is the subject of concern among many Working RE readers and OREP.org members. Below is guidance issued by the North Carolina Appraisal Board. AMC-Desktop Product: USPAP Compliant? By David Brauner, Editor A new desktop product from a large, national appraisal management company (AMC) is drawing questions...…
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Making AMCs Work for You by David Brauner, Editor Here’s a story about one appraiser who makes working for AMCs work for him. Many appraisers choose not to work for Appraiser Management Companies (AMCs) because, they complain, the top priority of AMCs is getting appraisals fast and cheap– with quality a distant second. This story...…
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Appraiser Wins “AMC-Agent” Judgment Against One-West Bank by Isaac Peck, Associate Editor The appraiser community is still reeling from the decision of a Florida bankruptcy judge to absolve JPMorgan Chase of all liability in the case of Evaluation Solutions/ES Appraisal Services (ESA) bankruptcy case. Over 10,000 real estate appraisers and agent/brokers were left unpaid by…
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