According to appraiser David Smith, AMCs just need to be told to do their job.
“When an AMC receives a request from a lender for more information, BANG, it is immediately forwarded to the appraiser for correction without the AMC reviewing the legitimacy of the lender’s request,” says Smith (not his real name). “I often wonder…
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Editor’s Note: David Brauner is the former Senior Broker at OREP Insurance services and former Editor of Working RE magazine. OREP has been providing E&O insurance to appraisers and home inspectors for over 24 years. In this interview, he provides insight and advice from the inside on rates, claims, disciplinary actions, coverage and more. Insurance:…
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