Six federal regulators recently issued a final rule setting requirements for state registration and supervision of appraisal management companies (AMCs). AMCs are entities that contract with and ...

Ensures every appraisal is quality checked for bias language and compliance issues before submission to lenders Profet's Edge Review automation is enabling us to deliver higher quality valuations to ...

"As previously announced, Bank of America Home Loans plans to exit the correspondent mortgage lending channel and focus entirely on retail distribution for its mortgage products and services. After a ...

Working with the wrong appraisal management company (AMC) can slow the appraisal process, cost you money, cause potential reporting gaps and create exposure. You have to be discriminating when ...

In a shrinking mortgage market, fee pressures are the main challenge for appraisers, according to a new survey from the National Association of Realtors. In 2023, nearly half of appraisers surveyed ...

LAS VEGAS, NV / ACCESSWIRE / December 26, 2020 / The role of the Appraisal Management Company (AMC) was originally created to stand as a protective firewall between Lenders and Appraisers. It was ...

Class Valuation, one of the largest appraisal management companies in the U.S., has acquired yet another firm. It’s picked up PropertyVal, a Maine-based AMC that is among the largest independent ...

Last week’s column detailed the following benefits from switching from a system of lender-ordered appraisals to a system of borrower-ordered appraisals. Ÿ Borrowers would obtain appraisals before ...

The world’s population has grown to nearly 8 billion from roughly 2.5 billion in 1950. With this growth has come the demand for housing, especially in the United States, as 70+ million people in their ...