Compliance, loss mitigation, lowering costs, are just some of the major reasons to use an AMC. Not to mention it's like having multiple services and a large panel of appraisers in your pocket that you didn't have to put together yourself.
You have to choose one; either create your own in-house separation between appraisers and the loan officers or you can use an AMC. Using your own internal process represents some complications, for instance banks and credit unions are not permitted to bill the borrower for the cost of the appraisal, forcing it to often be absorbed by the bank. Not to mention staffing, training, appraiser vetting, billing, accounts payable, the list goes on… The cost of just these items is already stacking up and all just for one department for getting appraisals done.
Instead, using an AMC does away with all this. Now you have an insured, compliant, staffed, vetted appraiser panel, additional level of review and a whole lot of work off your shoulders. Let us take care of the billing, the SSR's, order management and keeping up on the ever-changing regulations.
We can do A LOT for you and the list goes on beyond what we have bulleted for you below. Reach out to us for a full list of services.
When we say health, we mean it. Each order is given an extremely high level of personal attention. Every order is reviewed every day, even several times a day sometimes to make sure everything is correct, on time, communicated and updated.
If either you currently work with another AMC or have your own panel of appraisers you're already using, let us take over your panel. If they are not already, we will reach out to each appraiser personally and invite them to join our team. We have a built-in assigning system for a client's preferred panel so they are on first rotation for order assignment. Have appraisers you can't use? Let us know and we have a module for that as well.
And they love us. We pay them on time. We manually review their reports so they don't receive silly revisions. We don't over-pester them for unnecessary updates. We review underwriter revisions before we send to the appraiser. Happy, respected and well paid appraisers is the key to our success.
Call or email us today to find out just how much we can do for you.
Learn more about us and our role in the appraisal process by watching the video below hosted by the Real Estate Show with Pat Lopez.