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Understanding the Role of an Appraisal Management Company

AmeriMac

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. While most people are familiar with the concept of an appraiser, many may not be aware of the important role that AMCs play in the appraisal process.

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What Does an Appraisal Management Company (AMC) Do?

AmeriMac

Interestingly, however, the lender cannot choose the specific appraiser—which is why finding the right AMC is so important. A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. These legal changes lead to a sharp increase in the use of AMCs.

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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

Year Founded Description 98 OptiFunder 4,767% 2018 Finance company helping independent mortgage lenders choose among funding options and streamline the process. 126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. Source: Inc.

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Appraiser Salaries

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M To read, click here My comments: Appraisers who are MLS members have this access.