How we work.

For Lenders:

Appraisal Management Company (hereafter referred to as AMCo) creates a customized pool of appraisers to handle all of your appraisal orders. Loan officers register with AppraisalManagementCompany.net and are tied into the specified lending group so that all orders are completed in a secure and thorough manner. All appraisal orders are placed through the website and an appraiser from the lender's pool of appraisers is selected at random to accept the assignment. If the assignment has not been accepted within a user defined time period, the assignment is delivered to another appraiser until it has been accepted. All correspondence is completed through the self-maintained website to avoid contact or correspondence that is prohibited by HVCC. The lender may set up a direct link from their own site to AMCo's site to expedite orders.

FHA Appraisals:

FHA appraisals do not fall under HVCC guidelines currently. Therefore, when a client places an order through AMCo for an FHA appraisal, they are given the option to choose which appraiser is selected to complete the assignment.

Correspondence:

All correspondence is via the secure AMCo website. Appraisers receive assignments online and when accepted, notification is sent directly to the client. All correspondence regarding the order (ie: purchase contract, conditions, permits, etc) is also uploaded and delivered through the website. When the assignment is completed, the report is uploaded by the appraiser and a notification is sent to the client. AMCo allows all orders placed to be tracked and monitored throughout the entire appraisal and funding process.

Turn Time:

Typical turn time from order acceptance to client delivery is 4 business days.

For Mortgage Brokers:

Appraisal Management Company allows for each and every mortgage broker that works with the lending company to have there own separate pool of appraisers while still being tied into the direct lender. When a mortgage broker registers with AMCo, they have the option of adding their preferred appraisers into a pool with the lender's approved appraisers to create a pool specific to that mortgage broker. As explained above for lenders, appraisers from the mortgage broker's pool are selected at random as orders are placed through the website.

For Appraisers:

We are a "full fee AMC" and only charge a minimal $50.00 administration fee. All appraisers registered with AMCo are continuously monitored through the OREA to ensure quality and professionalism. Appraisers are required to have current E&O insurance and be in good standing with the OREA. Appraisers who are found to be in violation of USPAP or OREA will be promptly removed from AMCo.

Payment:

In compliance with HVCC, all payments must be made directly to Appraisal Management Company via credit card, check or money order. Credit card payments can be processed through AMCo's secure, encrypted network at the time the order is placed. Appraisers are typically paid within 14 days of delivering report barring any additional requests or conditions from lender/broker. We handle the entire payment process from start to finish.

HVCC Compliance:

A "Certificate of Non-Influence" is provided with every appraisal ordered through AMCo.