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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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Author Tim Andersen, MAI shows you how to protect yourself from your state board and have as happy a New Year as possible. His advice? Beware of consent decrees.
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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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The question raised by many seasoned appraisers familiar with this type of ordering system is what kind of quality does such a “low-bid” appraisal ordering system produce?
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Robert Murphy, Director, Property Valuation & Eligibility at Fannie Mae, says appraisers are being held to a higher standard these days, thanks to the Uniform Mortgage Data Program and Uniform Appraisal Dataset, better known as UAD. Here’s what you should know.
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With over 1,000 appraisers participating, the results of this new survey shed some light on the state of appraiser independence in the last quarter of 2013.
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Editor’s Note: Here is some food for thought from regular contributor and Mobile Appraising Training Package author, Dustin Harris. His suggestion makes sense from a valuation perspective and also might release some of the pressure on appraisers to “hit the number.” The OREP/WRE Appraiser Independence Survey has over 1,000 respondents and hundreds of comments. We…
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