AMCs (Appraisal Management Companies)

Appraisal Management Companies (AMCs) act as intermediaries between lenders and professional appraisers. When a home purchase or refinance occurs, the lender hires an AMC to find a qualified, unbiased appraiser to assess the property's value. The AMC manages the process, ensuring the appraisal is thorough and impartial, and then delivers the report to the lender. This oversight helps maintain integrity and fairness in property valuations, which are essential for making informed lending decisions. Essentially, AMCs streamline and supervise the appraisal process to promote accuracy and reduce conflicts of interest.